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Mar 28, 2024
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china �*s military. it urges ally countries to keep from servicing some important chipmaking tools for china, much like rules already in place in the united states. the chinese president said that such policies will only lead to division and confrontation, adding that no forces can hinder the price of china �*s technological process. the battle comes as the secretary is getting ready to embark on her second trip to china as treasury secretary. she said addressing concerns over trade will be a top priority. chinese president xijinping met with a group of american business leaders in the capital city of beijing on wednesday. according to state media reports, he told them that china's economy has not "peaked" and its growth prospects remain bright. the group reportedly included the chief executives of chipmaker qualcomm and investment firm blackstone. it comes as investors are trying to restore confidence in the world �*s second—largest economy. staying with china, technology giant xiaomi will hold a
china �*s military. it urges ally countries to keep from servicing some important chipmaking tools for china, much like rules already in place in the united states. the chinese president said that such policies will only lead to division and confrontation, adding that no forces can hinder the price of china �*s technological process. the battle comes as the secretary is getting ready to embark on her second trip to china as treasury secretary. she said addressing concerns over trade will be...
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Mar 28, 2024
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it comes as trade tensions between china and the us remain high. abhishek murali from rystad energy says the xiaomi car could appeal to ev buyers around the world. xiaomi have said they would try to pace place that may place a price below 500,000. if we look at the features it is offering, there is a high level of autonomous driving rumoured but also an impressive long—range in the vehicle. the single charge is very good and if you combine that with fast charging abilities it makes for an attractive product. amazon is making its largest external investment in its three—decade history as it looks to gain an edge in the artificial intelligence race. the tech giant says it will spend another $2.75 billion backing anthropic, an ai startup based in san francisco. the companies announced an initial investment of over $1 billion last september. anthropic is widely viewed as a front—runner in generative ai. its chatbot claude is seen a competitor its chatbot claude is seen a competitor to 0penai's chatgpt. in many parts of spain, rental costs have ri
it comes as trade tensions between china and the us remain high. abhishek murali from rystad energy says the xiaomi car could appeal to ev buyers around the world. xiaomi have said they would try to pace place that may place a price below 500,000. if we look at the features it is offering, there is a high level of autonomous driving rumoured but also an impressive long—range in the vehicle. the single charge is very good and if you combine that with fast charging abilities it makes for an...
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Mar 25, 2024
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china makes afresh pitch to foreign businesses at a forum in beijing as a slowdown in overseas investment continues. and the head of exxon mobil�*s guyana operation is questioned over a controversial drilling project in south america. hello and welcome to asia business report. i'm steve lai. let's begin in china where an annualforum attended by chinese policymakers and the leaders of global businesses is under way. chinese premier li qiang has downplayed concerns about the health of the world's second largest economy. he also pledged to give overseas businesses more access to chinese markets. foreign direct investment into china has continued to fall, after hitting the lowest level in three decades last year. the managing director of the international monetary fund says china faces "a fork in the road" where it can choose to move away from policies that have worked in the past, and re—invent itself. it is very important to open up more space for entrepreneurship and create new drivers for growth, new industries that can bring china's prosperity up. julia lee from state street global a
china makes afresh pitch to foreign businesses at a forum in beijing as a slowdown in overseas investment continues. and the head of exxon mobil�*s guyana operation is questioned over a controversial drilling project in south america. hello and welcome to asia business report. i'm steve lai. let's begin in china where an annualforum attended by chinese policymakers and the leaders of global businesses is under way. chinese premier li qiang has downplayed concerns about the health of the...
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Mar 26, 2024
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staying with china. and zooming in on the ev market, where one player has emerged as the front—runner — byd. recently the carmaker has been engaging in a full—out price war, discounting almost every electric and hybrid model it sells in china. byd will report its annual results later this morning. ray wang from constellation research. i think we're expecting a 33% increase in net profits and we will see where that goes. there's a forecast net profit that will be 6.4%, a little bit higher than what was 4.9% higher than the last quarter, year over year. but we're in the middle of a price war and i think all tension is to see whether the oed�*s gaining in market share and gaining in profits and it will be interesting to see what's happening there because we've seen a slump in china for a little bit but we actually think that the government programmes at the moment that are actually encouraging the buyback and replacement of old cars with incentives for evs. so we'll see how that plays out when the n
staying with china. and zooming in on the ev market, where one player has emerged as the front—runner — byd. recently the carmaker has been engaging in a full—out price war, discounting almost every electric and hybrid model it sells in china. byd will report its annual results later this morning. ray wang from constellation research. i think we're expecting a 33% increase in net profits and we will see where that goes. there's a forecast net profit that will be 6.4%, a little bit higher...
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Mar 25, 2024
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been watching with china which is a bit of a contrarian play at the moment is it flows into china etf has been positive in 2024 so there may be an early indicator that it does look like some investors, very early, willing to double their toes into the chinese equities market, given the very low valuations there, despite some of the struggles in terms of the economy and the market. . , ., ., market. carrying on from the discussion — market. carrying on from the discussion is _ market. carrying on from the discussion is how _ market. carrying on from the discussion is how china - market. carrying on from the discussion is how china plays| discussion is how china plays into this region when it comes to where people are looking to invest, what's your outlook going forward for the year? it going forward for the year? if we have a look at flows in major regions, it's really been the us that's been dominating flows and i think we have a look at the month of february, saw a record 56 billion us dollars worth of flows into ets in the us which means assets past $8.5 trillion for the very firs
been watching with china which is a bit of a contrarian play at the moment is it flows into china etf has been positive in 2024 so there may be an early indicator that it does look like some investors, very early, willing to double their toes into the chinese equities market, given the very low valuations there, despite some of the struggles in terms of the economy and the market. . , ., ., market. carrying on from the discussion — market. carrying on from the discussion is _ market. carrying...
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Mar 25, 2024
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carrying is how china -la s market. carrying is how china plays into _ market. carrying is how china plays into this _ market. carrying is how china plays into this region - market. carrying is how china plays into this region when i market. carrying is how china plays into this region when it| plays into this region when it comes to where people are looking to invest. what is your outlook going forward to? we have a look — outlook going forward to? - have a look at flows in major regions it has really been the us that has been dominating flows. we have a look of the month of february saw a record 56 billion us dollars worth of flows into ets in the us. that means it has suppressed a trillion us dollars for the very first time in history. we have a look at where that money is going, so is still dominated by us equity flows. so watching that very carefully and also watching where that money is coming from. retail investors have been very positive with the risk rally we have been seeing. institutional investors have been much more cautious. if you have a look at
carrying is how china -la s market. carrying is how china plays into _ market. carrying is how china plays into this _ market. carrying is how china plays into this region - market. carrying is how china plays into this region when i market. carrying is how china plays into this region when it| plays into this region when it comes to where people are looking to invest. what is your outlook going forward to? we have a look — outlook going forward to? - have a look at flows in major regions it...
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Mar 26, 2024
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how does china's - market soon. there is domestic rivals. how does china's eewee rivals. how does china's eevvee is all stacked up against the current leader in the space, tesla? , ., ., ., current leader in the space, tesla? ., ., tesla? there is a war on global urowth tesla? there is a war on global growth and _ tesla? there is a war on global growth and byd _ tesla? there is a war on global growth and byd is _ tesla? there is a war on global growth and byd is expanded i tesla? there is a war on global growth and byd is expanded in i growth and byd is expanded in europe. they are going to produce up to 300,000 cars going up against volkswagen and other makers in europe. of course there is effort to build a plant in mexico. tesla has a plan and a giga factory in berlin and shanghai and of course graphic to the same level of volume. good to be from hyatt to loewen. which as a full range of models and of course with tessler on the other end of the spectrum. don't count the koreans out. you'll see a lot of effort from hyundai and kia that are building amazing eevvee cars. t
how does china's - market soon. there is domestic rivals. how does china's eewee rivals. how does china's eevvee is all stacked up against the current leader in the space, tesla? , ., ., ., current leader in the space, tesla? ., ., tesla? there is a war on global urowth tesla? there is a war on global growth and _ tesla? there is a war on global growth and byd _ tesla? there is a war on global growth and byd is _ tesla? there is a war on global growth and byd is expanded i tesla? there is a war...
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Mar 29, 2024
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china has lifted its tariffs on australian wine, as relations between the two countries improve. taxes of up to 218% were put on the import three years ago, after canberra called for an investigation into the origins of covid—19. beijing rolled back its restrictions on other australian goods, including barley and coal last year. many markets are closed today for good friday, including australia, hong kong, the us, uk and also here in singapore. but for those celebrating easter, it's looking like it might be a more expensive holiday this year, as the price of cocoa has soared. katie silver takes a look. the price of cocoa has reached all—time highs. earlier this week, futures for the yummy commodity hit more than $10,000 a tonne for the first time ever. this is how it skyrocketed in the past year, almost tripling. the industry is facing the worst supply crunch in decades. the reason, in part, is climate change. most chocolate is made from cocoa grown in west africa, but there's been a humid heatwave blasting the crops and massively cutting yields. ivory coast and ghana are par
china has lifted its tariffs on australian wine, as relations between the two countries improve. taxes of up to 218% were put on the import three years ago, after canberra called for an investigation into the origins of covid—19. beijing rolled back its restrictions on other australian goods, including barley and coal last year. many markets are closed today for good friday, including australia, hong kong, the us, uk and also here in singapore. but for those celebrating easter, it's looking...
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Mar 21, 2024
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to india now, where china—owned mg motors and indian conglomerate jsw group have entered into a newjoint venture. the companies have charted an ambitious roadmap for electric vehicle production. it comes days after the indian government announced more support for the industry. nikhil inamdarjoins us now from mumbai. nikhil, give us the details. that's right. if you remember, jsw group had required a 35% stake in mg motors in december 2023 and now they have announced this massive, massive ev push. they want to roll out 1 million electric vehicles by 2030 and have a one third market share and have invested $600 million already in this joint venture and they want to focus on the premium segment of the electric vehicle, producing roughly one or two variants every year. they only have two models in india. they also say they want to help mg india two triple production in india. this comes off the back of that big policy change where the indian government essentially slashed import duties from as high as 100% to 15%, conditional on a $500 million investment by ev makers and setting up and rolli
to india now, where china—owned mg motors and indian conglomerate jsw group have entered into a newjoint venture. the companies have charted an ambitious roadmap for electric vehicle production. it comes days after the indian government announced more support for the industry. nikhil inamdarjoins us now from mumbai. nikhil, give us the details. that's right. if you remember, jsw group had required a 35% stake in mg motors in december 2023 and now they have announced this massive, massive ev...