Hyperloop Transportation Technologies has reached a deal with China’s southwestern province of Guizhou to build and test its first track in China, Reuters reports. HyperloopTT will partner with local government-owned Tongren Transportation Tourism Investment Group in a 50-50 joint venture. Hyperloop will provide the technology and engineering expertise to the partnership, with Tongren managing regulatory […]
Category: Brief
The European Union has agreed to slap high tariffs on imports of Chinese electric bicycles after results of an investigation pointing to dumping from Chinese producers. The investigation, carried out by the EU’s legislative branch, the European Commission, recommended tariffs from 21.8% to as high as 83.6% for some offenders, though all Chinese e-bikes should […]
Chief White House economic adviser Larry Kudlow has accused President Xi Jinping of stalling when it comes to negotiations over the ongoing US-China trade tensions, and called for the US team to take a harder line in a bid to force a resolution. In an interview with CNBC, Kudlow said that Xi is “holding the […]
China’s State Council met earlier this week with the government administered Assets Supervision and Administration Commission to discuss the criteria by which to include financial firms on a “negative list” of companies banned from investing in the financial sector, as Beijing maintains its focus on reducing risk in China’s financial sector. The list, which is […]
Just days after introducing a ban on local investors buying Hong Kong-listed stocks with dual-class shares, China’s two mainland stock exchanges appear to be on the verge of reversing their decision after negotiations with Hong Kong Exchanges and Clearing, the Financial Times reports. HKEX said that it had “reached a consensus” with the Shenzhen and […]