Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.
US, China commerce ministers pledge to further talks in 2024
The United States and China plan further talks on commercial issues next year, the US Commerce Department said Friday in a commitment to continue high level engagement despite tensions.”During the meeting,
India Chides China for Bullying at Sea: ‘Clear and Present Danger’
“The fragile security situation in the South China Sea, where the growing number of instances of bullying of smaller navies, including fishermen, by the Chinese militia or its navy…poses a clear and …
Don’t be fooled by Biden and Xi talks − China and the US are enduring rivals rather than engaged partners
Moreover, summits like the one in San Francisco signal that both the U.S. and China are jointly committed to at least keep talking, helping ensure that a rocky relationship doesn’t descend into …
China to allow road trials of intelligent connected vehicles
China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world’s largest auto market has set its long-term …
What China’s Xi gained from his Biden meeting
When Chinese President Xi Jinping met executives for dinner on Wednesday night in San Francisco, he was greeted with not one, but three standing ovations from the U.S. business community.
China takes on Elon Musk’s Starlink with hundreds of low-orbit satellites
A Chinese company plans to launch the first in a network of 300 very-low-earth-orbit satellites in December.
The mood was good, but little has changed between the U.S. and China
Whiplash in China as state media does U-turn on U.S. Beijing resolutely adheres to its claims on Taiwan — which it has never ruled but considers part of its territory — with Xi repeating calls for …
Japan, China agree on a constructive relationship, but reach only vague promises in seafood dispute
Japanese Prime Minister Fumio Kishida and Chinese President Xi Jinping agreed Friday to build a stable and constructive relationship but achieved only a vague agreement on easing a dispute over a …
Xi revealed the extent of China’s economic woes by the speed at which he caved to some of Biden’s demands
China’s Xi Jinping entered discussions with President Joe Biden this week at the APEC summit in an unfamiliar position of economic weakness.