Chinese EV car maker BYD launches its Han sedan in the Middle East

BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Chinese electric car company BYD said Friday that it launched its flagship Han sedan in the United Arab Emirates this week. It wasn’t immediately clear when … Read more

Biden and Xi’s meeting sent an important signal for U.S. business in China

U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023. Kevin Lamarque | Reuters BEIJING — U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which … Read more

‘Funflation’ drives sporting event ticket prices up a whopping 25%

John Brown #16 of the Buffalo Bills celebrates with fans after catching a touchdown pass during the third quarter against the New England Patriots at Highmark Stadium on January 08, 2023 in Orchard Park, New York. (Photo by Bryan M. Bennett/Getty Images) Bryan M. Bennett | Getty Images Sport | Getty Images Dan Hornberger has … Read more

Chinese tech giant reports revenue beat

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2% … Read more

China’s property troubles are getting worse and need Beijing’s support

Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent it from deteriorating further, analysts said. Existing home prices fell in October by the … Read more

Rolls-Royce shares at one-year high despite engine jibes from Emirates boss

A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. Omer Messinger | Getty Images News | Getty Images Shares of Rolls-Royce are at a 52-week high, after reaching 248 pence (308 cents) in Friday trading and climbing roughly … Read more

Volkswagen, Nissan and Hyundai on track for worst China sales in years

Volkswagen’s ID.7 is set for release in Europe and China in the fall of 2023, and in North America in 2024. CNBC | Evelyn Cheng BEIJING — Chinese brands are taking the lead in the country’s rapid shift to new energy vehicles, putting Volkswagen on track for its smallest year of China sales since 2012, … Read more

Xi says U.S. and China can only be adversaries or partners

U.S. President Joe Biden waves as he walks with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters BEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President … Read more

China, U.S. leaders meet in San Francisco

The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping were set to meet Wednesday in San Francisco in their first … Read more

China’s unfinished property projects are 20 times the size of Country Garden

HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. On the same day, data released by the National Bureau of Statistics showed that from January to October 2023, the national real estate development investment was 9,592.2 billion yuan, down … Read more