Top Chinese and U.S. officials discussed holding fresh talks between Presidents Joe Biden and Xi Jinping in the near future, the two countries said on Wednesday during high-level meetings in Beijing. The discussion occurred during lengthy talks between China’s top diplomat, Wang Yi, and U.S. national security adviser Jake Sullivan held against the backdrop of … Read more
Nongfu Spring’s bottled water in a supermarket in Hangzhou, China. Costfoto | Barcroft Media | Getty Images Shares of China’s largest bottled water producer Nongfu Spring slumped on Wednesday, a day after the company reported a sharp slowdown in profit growth in the first half of the year. Shares of Nongfu Spring listed in Hong … Read more
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the … Read more
China will almost certainly retaliate against Canada after the federal government hiked tariffs on Chinese-made electric vehicles and other materials Monday, experts say — though likely not in a way that puts Canadians in danger. The new 100 per cent tariff on Chinese EVs and 25 per cent tariff on Chinese steel and aluminum will … Read more
The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. – The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months to December 31. (Photo by William … Read more
With a plum position atop many “Best Places to Travel” lists, Japan is on track to welcome a record-breaking number of travelers in 2024. But China faces a different reality: a far slower return of international visitors. Both countries dropped Covid-related border restrictions relatively late — Japan in October 2022, and China in January 2023 … Read more
Brent Lewin | Bloomberg | Getty Images PetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China. China’s largest oil and gas company posted a net income of 88.61 billion yuan … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a “backdoor” to the U.S. market. Last year, China was the leading car supplier to Mexico, … Read more
Fundraising activity is rebounding in Hong Kong, reinforced by a strong IPO pipeline and additional follow-on fundraising, according to HKEX CEO Bonnie Chan. Eighteen companies raised a combined 8.6 billion Hong Kong dollars ($1.1 billion) during the second quarter, representing a 50% quarter-on-quarter increase in new listings and a 79% increase in funds raised, according … Read more
