For the first time in 14 months, vehicles sales in China fell by 3% in May 2021, compared to the same period a year earlier, according to industry data released on Friday. Data from China Association of Automobile Manufacturers (CAAM)… Read More ›
China
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
Washington faces very large challenges in economic relationship with Beijing: USTR
In a development that buttresses the previous U.S. Administration’s point of view, U.S. Trade Representative Katherine Tai stated, the United States faces “very large challenges” in its economic relationship with China; the challenge requires the Biden Administration’s full attention across… Read More ›
Fully vaccinated Chileans can move freely within country while maintaining COVID-19 protocols
In a statement the Chilean government said, citizens who are fully vaccinated against COVID-19 will be allowed to move more freely within the country. The country has sealed its borders through mid-June in a bid to restrict fresh spikes in… Read More ›
Tesla could establish presence in Russia: Elon Musk
On Friday, while adding an event via a video link, Elon Musk said Tesla was close to establishing a presence in Russia and was looking at options to see whether it could open a factories in the country. While Tesla… Read More ›
China selectively bans Tesla vehicles from government compounds
Two sources familiar with the matter at hand have stated, the Chinese government has told its employees not to park cars made by Tesla Inc inside select government compounds due to cameras being installed on the vehicle. So far, it… Read More ›
Despite China’s anti-Australia rhetoric, Beijing continues to be Australia’s biggest trading partner
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›
Freezing public listed company assets of Hong Kong tycoon Jimmy Lai a wake-up call to global investors: Taiwan
On Saturday, in a statement aimed at international investors, Taiwan warned of the very real dangers of doing business in Chinese-controlled Hong Kong after the city state decided to freeze the media assets of Chinese tycoon Jimmy Lai, who has… Read More ›
Australian casino operator Star Entertainment Group makes $7 billion acquisition bid for Crown Resorts Ltd
On Monday, Australian casino operator Star Entertainment Group proposed an all-stock acquisition of larger rival Crown Resorts Ltd in a deal that valued at $7 billion (A$9 billion); the deal sees Star Entertainment Group tying up with two private equity… Read More ›
G7 increases focus on malignant threats from China, Russia
On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›
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