China Economic ReviewJust exactly what the Shanghai stock market index reflects is not entirely clear, but it is certainly not an equivalent of the Dow Jones index in New York, and the extent to which that is reflective of the state of the US economy. This is a very different market. The way in which it operates, […]
Baidu Inc.’s profit plunged a worse-than-anticipated 48% in the last quarter, underscoring the growing costs of training and developing AI to fend off challengers in the burgeoning arena, reports Caixin. The company reported a December-quarter net income of RMB 2.6 billion ($361 million) that missed projections, though this was mainly due to a loss from […]
Bridgestone will end production and sales of tires for commercial vehicles in China, the Japanese company said Tuesday, focusing instead on high-performance tires for passenger vehicles, one of its specialties, reports Nikkei Asia. Subsidiary Bridgestone (China) Investment will stop selling truck and bus tires in China within the first half of this year, according to […]
The sales in China of bond-like securities backed by nonperforming debt held by banks surged by 46% last year, according to data released by the Japanese government Wednesday, reports Nikkei Asia. This development underscores the risks to China’s economy if there is a string of defaults on securitized products resulting from an extended economic stagnation. […]
German automaker Volkswagen and Chinese electric vehicles maker XPeng have entered an agreement for joint development of two B-class battery EVs, the companies said on Thursday, reports Reuters. As a part of the agreement, the companies will work together to share the scale of both parties for common vehicle and platform parts used by both the […]