Geely’s premium electric-vehicle (EV) unit Zeekr has cut prices by 10 per cent, joining the fray against mainland Chinese rivals after BYD fired the first salvo this month.The refreshed versions of the Zeekr 001, which competes with Tesla’s Model 3,...
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale.Hong Kong finance chief Paul Chan Mo-po has announced the city will remove all...
This makes sustaining relatively high growth of gross domestic product (GDP) in 2024 a more difficult prospect after last year’s expectation-beating 5.2 per cent rise. It also raises questions over how far Beijing will reach into its toolbox to address...
China’s leadership has placed economic recovery as a higher priority on the work agenda for 2024, rallying all-around efforts to break down barriers in consumption, foster a better business environment and push for a unified market, while analysts have suggested...
In an interview with the state-run RIA Novosti news agency on Monday, Russian finance minister Anton Siluanov said that his nation’s budget laws would allow for it to issue loans in yuan, and that “negotiations with Chinese partners have been...
This month, new regulations came into effect in Shenzhen to promote its low-altitude economy, a first in the country. Its enthusiasm prompted Professor Harry Shum, council chairman at the Hong Kong University of Science and Technology Council, to envision 100,000...
Global tech production hub Taiwan has reported a monthly gain in its all-important export orders due to growing demand for AI-related devices, and the rise came despite persistent pressure from high interest rates.The value of orders firmed by 1.9 per...
The developer of China’s first home-grown narrowbody passenger jet – seen as a potential competitor to the Airbus A320 and Boeing 737 – said on Tuesday it planned to conduct test flights in Southeast Asia in the next two weeks,...
“I can accept a waiter job of about 4,500 yuan (US$650) or 5,000 yuan since production line workers are expected to earn about the same this year,” he said.Factories are not struggling to recruit workers this yearJustin XuThirty-something Xu Chao...
Chinese electric-car builder Nio has signed a deal to license its technology to Forseven, a unit of Abu Dhabi government fund CYVN Holdings, in the latest sign of China’s increasing influence in the global electric vehicle (EV) industry.Shanghai-based Nio, via...
