China’s EV architect suggests investing in Europe is a way forward

China’s EV architect suggests investing in Europe is a way forward


Important Details
  • China’s Ministry of Commerce claimed over the weekend it was launching consultations with the EU about the bloc’s probe into the part of subsidies in Chinese electric powered cars and trucks.
  • “I imagine the governments [of China and the EU] are now contemplating how as a result of negotiations they can merge financial commitment together with commodity trade,” reported Wan Gang, now president of the China Affiliation for Science and Technological know-how.
  • Wan turned China’s minister of Science and Technology close to 2007 and is known for spearheading the country’s early drive into electric powered automobiles.



Supply

World Bank raises China growth forecast to 4.8% despite U.S. trade tensions
Finance

World Bank raises China growth forecast to 4.8% despite U.S. trade tensions

Key Points The World Bank predicts China’s economy will grow by 4.8% this year. It had forecast 4% growth in April, when the U.S. briefly ramped up tariffs on Chinese imports to more than 100%. The bank projects China’s GDP growth to ease to 4.2% in 2026, partly due to a slowdown in exports growth. […]

Read More
Stocks making the biggest moves midday: Critical Metals, Comerica, Advanced Micro Devices, Abercrombie & Fitch and more
Finance

Stocks making the biggest moves midday: Critical Metals, Comerica, Advanced Micro Devices, Abercrombie & Fitch and more

Check out the companies making the biggest moves midday: Verizon Communications — The New York-based telecom provider sank nearly 4% after CEO Hans Vestberg stepped down , replaced by independent lead director and former PayPal CEO Dan Schulman. Starbucks — The global coffee chain dropped almost 4% after a late September series of North American […]

Read More