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Monday, October 7, 2024

China

A Weak Chinese Consumer Could Impact the Global Economy

NEW YORK, September 1, 2024 (FFN) – China, once seen as a global economic powerhouse, is now grappling with a significant downturn in consumer...

Huawei’s Revenue Jumps 34% in H1 Despite U.S. Sanctions

BEIJING (FFN) - Chinese tech giant Huawei saw a significant surge in its revenue during the first half of 2024, despite facing ongoing sanctions...

China Holds Off on Import Tariffs on EU Cognac for Now

BEIJING (FFN) - China has decided not to impose import tariffs on cognac from the European Union (EU) for the time being, despite an...

Canada Imposes 100% Tariffs on Chinese Electric Vehicles

Canada has decided to impose 100% tariffs on electric vehicles manufactured in China, following the steps of the United States. In addition to vehicles, Canada...

PDD Holdings Misses Expectations: Q2 Revenue Falls Short of Projections

PDD Holdings, owner of the online store Temu, reported Q2 revenue of 97.06 billion CNY, falling short of the expected 100 billion CNY. Weak consumer...

China and Russia to Strengthen Cooperation in the Energy Sector

Enhanced Collaboration: China and Russia have agreed to strengthen cooperation in oil and mineral exploration, extraction, processing, and transportation. Nuclear Partnership: The two nations will...

China Reduces New Coal Plant Approvals by 80% in First Half of 2024

China has significantly reduced the number of approvals for new coal-fired power plants by nearly 80% in the first half of 2024. The combined wind...

Chinese Chamber of Commerce Criticizes EU Tariffs on Electric Vehicle Imports

The Chinese Chamber of Commerce to the EU (CCCEU) has sharply criticized the European Union's plan to impose five-year tariffs of up to 36%...

Alibaba Struggles as Profits Plummet 29% in Q1

Beijing, August 15 - Chinese e-commerce titan Alibaba faces a rough ride as profits plunged 29% in the first quarter of fiscal year 2024....

Chinese Retail Expanded in July, While Industrial Growth Slowed

Beijing, August 15 (TASR) – China's retail sales rebounded in July, while industrial production experienced a slowdown in growth. Data released by China's National...

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