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Monday, October 7, 2024

China

Swedish Polestar Begins U.S. Production to Bypass Tariffs on Chinese-Made Electric Vehicles

Washington, August 14 (FFN) - Swedish electric vehicle manufacturer Polestar has taken a significant step to sidestep U.S. tariffs on cars imported from China....

Russian Banks Struggle to Obtain Yuan Amid Tighter Sanctions

Moscow, August 13 – Stricter U.S. sanctions have limited the flow of Chinese yuan into Russia, forcing Russian banks to borrow the currency from...

China Admits Baltic Pipeline Was “Accidentally” Damaged by Hong Kong-Flagged Ship

Beijing, August 12 (FFN) - China has reportedly admitted that a pipeline in the Baltic Sea between Finland and Estonia was "accidentally" damaged by...

U.S. Officials to Travel to China for Economic Talks

Washington, August 12 (FFN) - The U.S. government announced on Monday that it will send a delegation from the Treasury Department and the financial...

China Faces Economic Headwinds Amid Sluggish Growth

China’s economy is encountering growing challenges as recent data highlights sluggish growth in key sectors. The Chinese Consumer Price Index (CPI) for July showed...

German Auto Industry Calls for End to Tariffs on Chinese Electric Vehicles

Key Takeaways: The VDA believes that tariffs on Chinese electric vehicles are not the solution to address unfair subsidies. China’s subsidies for its electric vehicle industry...

EU Imposes Temporary Tariffs on Chinese Biodiesel

Brussels, July 19, 2024 (Finance Flash News) The European Union (EU) is set to impose temporary tariffs on Chinese biodiesel after finding that it...

Yuan faces hurdles in Russia as growth slows

Ny, July 14, 2024 - The rapid integration of the Chinese yuan into the Russian economy, which accelerated following the outbreak of the war...

Natural disasters cost China nearly €12 billion in the first half of the year

China suffered a direct economic loss of 93.16 billion yuan (€11.81 billion) in the first half of this year due to natural disasters, the...

China’s services sector expands at fastest pace in 10 months

Beijing, June 5, 2024 (Financeflashnews) - Activity in China's services sector accelerated to a ten-month high in May, driven by a surge in new...

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