China threatens Germany with retaliation against Huawei 5G ban
China’s ambassador threatened Germany with retaliation if it excludes Huawei Technologies Co. as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China.
Resistance against Huawei is...
Trump signs US-China trade deal
The yuan rallied the most in a year and Chinese shares rose as U.S. President Donald Trump signed off on a phase-one trade agreement.
The onshore rate advanced as much as 1% to 6.9570 per dollar Friday, the most since December last year and the strongest since...
It's time to worry about the US-China trade deal
Now is a good time to start worrying about that trade deal.
No, nothing bad has happened yet. There have in fact been many signs of progress. White House economic adviser Larry Kudlow described negotiations as coming down to “the short strokes,”...
US and China agree to roll back tariffs
U.S. and European stock futures jumped as America and China agreed to proportionally roll back tariffs on each other’s goods.
Havens including Treasuries and the yen slipped.
[Bloomberg]
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The United States's relationship with China is deteriorating
This was supposed to be the week U.S.-China trade talks got back on track and the two sides found a way to avoid sending more unsettling signals to financial markets and a global economy that looks increasingly fragile.
But that...
China's Tesla is struggling to survive
It took Tesla Inc. about 15 years to rack up $5 billion in losses. The company known as China’s Tesla did it in four.
The bleeding continues. Shanghai-based NIO Inc. is poised to report Tuesday that it lost another 2.6 billion yuan ($369 million) — around...
US trade war is pushing China to innovate
In Shenzhen’s glitzy financial district, a five-year-old outfit creates a 360-degree sports camera that goes on to win awards and draw comparisons to GoPro Inc. Elsewhere in the Pearl River Delta, a niche design house is competing with the world’s best...
China's electric car industry is crumbling
Chinese electric-car sales fell for a second straight month after the government scaled back subsidies, the latest sign that one of the final pillars of strength in the world’s largest automobile market is crumbling.
Sales of new energy vehicles —...
Buick's compact Verano sedan broke up with the U.S. market in 2017—and after that, it went and got itself a revenge body. Consider us jealous of the updated, surprisingly attractive Verano. It's being introduced to China, a country with a well-known affection for Buicks.
The old Verano, the one...
iPhone production moving from China to India
On a steamy summer morning, dozens of buses pull up outside a cluster of low-slung, blue buildings in the south Indian state of Andhra Pradesh. Women dressed in colorful salwar kameezes disembark, their dupatta body scarves billowing as they make...
China won't retaliate on new US tariffs
China indicated that it wouldn’t immediately retaliate against the latest U.S. tariff increase announced by President Donald Trump last week, emphasizing the need to discuss ways to deescalate the trade war between the world’s two largest economies...
China accuses US of using fentanyl crisis as a political weapon
In the shadow of the broader trade war between China and the U.S., a parallel battle is heating up between the two countries over America’s opioid crisis.
The sparring accelerated on Friday, with China’s narcotics regulator...
ByteDance launches censored Google-like search engine in China
China’s ByteDance Ltd. launched a search engine that bears a striking resemblance to Google’s clean, uncluttered home page but produces heavily sanitized results in keeping with one of the world’s most rigidly censored internet...
The billion-dollar race to corner China's streaming market
Cameras flashed and fans screamed, as Liu Mou stepped into the spotlight on a sweltering summer evening. In the industrial heartland city of Wuhan, tens of thousands of spectators jam-packed the waterside strip that bore witness to...
US accuses China of manipulating currency
The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan to fall in retaliation for new U.S. tariffs.
While the Treasury Department’s...
Huawei CEO advocates China launching a competitor to Facebook's cryptocurrency
Huawei CEO Ren Zhengfei has called for China to announce a competitor to Facebook's Libra cryptocurrency.
Speaking in a recent interview with Italian publication L'Economica, Ren said that China should not wait for...
Chinese shares plummet due to IPO concern
Chinese stocks fell on concern a flood of new listings will overload the market, adding to Monday’s risk-off sentiment in emerging markets.
The Shanghai Composite Index slid as much as 3.1%, the worst among the region’s major benchmarks. The tech-heavy...
Trade talks resume between the US and China
The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the U.S. removes all existing tariffs for a deal to be reached.
President Donald Trump and Chinese President Xi Jinping agreed last...
Americans could be hit hard by the US-China trade war
Over the last year, technology companies were hopeful they might remain at least somewhat shielded from an intensifying bilateral trade war. After numerous exemptions, a far-reaching tax hike is finally poised to reach tech products. If it...