Sunday, December 22

Tag: BRICS Countries

Xi Jinping Says Happy New Year
2Jan By adminNo Comments
Business

Xi Jinping Says Happy New Year

China’s Supreme Leader Xi Jinping offered his traditional New Year’s greeting Monday with a warning. “The reunification of the motherland is a historical inevitability,” Mr. Xi said, according to the Chinese-language version documented by various news sources.“Compatriots on both sides of the Taiwan Strait should be bound by a common sense of purpose and share in the glory of the rejuvenation of the Chinese nation,” he added. The official English translation wrote “all Chinese” rather than “compatriots,” according to a Reuters dispatch.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s EV Champion BYD Will Take on the World in 2024
2Jan By adminNo Comments
Money

China’s EV Champion BYD Will Take on the World in 2024

China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground.At home, it already surpassed Volkswagen as the most popular car brand in China last year. Globally, it will likely overtake Tesla as the bestselling pure EV maker in 2024.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business
2Jan By adminNo Comments
Technology

Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business

Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China.As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chinese State-Owned Firms Establish $1.4 Billion Fund
2Jan By adminNo Comments
World

Chinese State-Owned Firms Establish $1.4 Billion Fund

Two Chinese state-owned companies will establish a 10 billion yuan ($1.41 billion) fund to invest in companies with real estate project assets.Under the agreement, New China Life Insurance will be the limited partner providing CNY9.9 billion in capital and China International Capital Corp.will act as general partner that will manage the fund, New China Life said late Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Kim Jong Un’s 2024 Wish List: More Nuclear Bombs, Spy-Satellite Launches
1Jan By adminNo Comments
World

Kim Jong Un’s 2024 Wish List: More Nuclear Bombs, Spy-Satellite Launches

SEOUL—Throughout 2023, North Korean leader Kim Jong Un called for the expansion of his country’s weapons arsenal. This year, he plans more of the same. Pyongyang plans to carry out three more spy-satellite launches and accelerate nuclear-weapons production in 2024, Kim told top North Korean officials in recent year-end meetings. The 39-year-old dictator ruled out reunification with South Korea. And he echoed prior dissatisfactions with the U.S., urging his country to prepare for an armed conflict that could occur at any time. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Western Anxiety About Chinese EVs Could Prove Self-Defeating
1Jan By adminNo Comments
World

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist
1Jan By adminNo Comments
World

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist

Updated Jan. 1, 2024 12:08 am ETListen to article(2 minutes)Chinese rulers have long used campaigns against corruption to sideline rivals and consolidate power. Xi Jinping is increasingly tying his authority to a new variation: a purge that never ends.With echoes of Mao Zedong’s “continuous revolution,” Xi has sent fear rippling through the ranks of the Communist Party for more than a decade with the largest campaign against corruption in modern Chinese history. It is now threatening to petrify the party as it tries to steer the world’s second-largest economy through its greatest period of uncertainty in a generation.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Western Anxiety About Chinese EVs Could Prove Self-Defeating
1Jan By adminNo Comments
Money

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Electric Scooter IPO to Test Enthusiasm for India’s EV Story
31Dec By adminNo Comments
Money

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list in India and will probably draw significant interest from investors. The Softbank-backed firm plans to use proceeds from the offering mainly for the expansion of its battery cell manufacturing facility in the southern state of Tamil Nadu. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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