The U.S. commerce department announced on Wednesday that it will impose duties on the imports of cast iron soil pipe fittings from China, Reuters reports, saying that Chinese manufacturers have been unfairly ‘dumping’ on the U.S. market. An investigation found that the Chinese products have been selling in the U.S. at up to 110% less […]
Category: Brief
Shenzhen-listed Rongfeng Holding Group Co. have been asked by regulators to substantiate their ambition to buy a controlling stake of Greece’s largest insurance company, reports Caixin Global, amid doubts that the Chinese company does not have the assets to execute the deal. Rongfeng, along with affiliate Shanghai Gongbao Commercial Consulting Co., recently announced plans to […]
The People’s Bank of China said on Wednesday that it was on track to reducing risk in the economy from high debt levels, but still had work to do, Reuters reports. China has seen a steady fall in its macro-leverage ratio since the fourth quarter of 2017, the central bank said, due to its intense […]
China’s central government is increasing subsidies for electric vehicles that can travel further on a full charge, sources told Bloomberg, whilst cutting back assistance for battery-powered automobiles. Cars that can travel at least 400 km on a single charge will be now eligible for maximum incentives of RMB 50,000 ($7,900), according to a statement released […]
Apple have begun talks to buy storage chips from Chinese manufacturer Yangtze Memory Technologies, according to a report by the Nikkei Asian Review, which would be the U.S. company’s first deal of this type. Apple will use these chips in new iPhone models and other products for sale specifically in the Chinese domestic market, Nikkei […]