Tag Archives: China

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 …

The United States government has informed a number of tech suppliers, including Intel, that their licenses to export to Huawei are being revoked, Reuters reported. This is likely to be the final measurement the Trump administration takes against the Chinese telecom giant. The U.S. Department of Commerce cited national security …

Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.

According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …

The National Health Commission of China said today, Friday, that mainland China recorded 144 new cases of the new Coronavirus on January 14, up from 138 cases the day before. The commission said in a statement that 135 of the new cases were local cases, including 90 in Hebei Province, …

The United States Department of Commerce added on Thursday China National Offshore Oil Corporation (CNOOC) to its blacklist due to belligerent actions in the South China Sea, AFP reported. Accordingly, S&P Dow Jones indices has to de-list the company. “China’s reckless and belligerent actions in the South China Sea and …

China’s exports increased more than expected in December, customs data said on Thursday, January 14th, as demand for Chinese goods rose due to disruptions caused by the Coronavirus around the world, even as the rise of the yuan made exports more expensive for overseas buyers. A strong domestic recovery also …