Tag Archives: China

Car sales in China rose in March, posting gains for the twelfth month in a row, as the world’s largest auto market leads the sector’s recovery from the Corona pandemic. Data from the China Automobile Manufacturers Association revealed that sales reached 2.53 million cars in March, up 74.9% year-on-year. Sales …

U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …

The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.

China’s CPI fell 0.2% year-on-year in February 2021, after a 0.3% decline in the previous month and compared to the market consensus of 0.4%. It was the second consecutive month of deflation, as prices fell for both food and non-food items. On a monthly basis, consumer prices rose 0.6% in …

The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …

The Federation of China Automobile Industry said passenger car sales in the world’s second-largest economy reached 2.18 million units in January, an increase of 26% year-on-year. Electric car maker Tesla sold 15,484 vehicles manufactured in China last month.

China is reportedly said to abandon its GDP growth target for 2021, Reuters reports, citing sources familiar with the matter. A government adviser, one of three sources saying the target will again be scrapped, noted: “We will not set an explicit target, but in reality, there will be a target. …

The Governor of Rhode Island, Gina Raimondo, who has been nominated by President of the United States Joe Biden to lead the U.S. Department of Commerce, has vowed to be tough against unfair trade practices from China. Speaking in testimony in front of the U.S. Senate Commerce Committee, Raimondo said …

China received the largest foreign direct investment in 2020 as the Coronavirus spread around the world throughout the year, while the Chinese economy attracted $ 163 billion in inflows. The United Nations Conference on Trade and Development (UNCTAD) said in a report that Chinese flows of $163 billion last year …