China
India, China to see biggest jump in real salary as Asia-Pacific leads the way next year, report shows
As inflation continues to impact global economies, Asia-Pacific will be the only region to see real salary growth in 2023, a new survey has found. According to the annual Salary Trends Report by data company ECA International, the average real salary increase — which is nominal wage growth minus the rate of inflation — is […]
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Chinese tech giants’ push into U.S., Europe’s marketplaces sets up probable clash with Amazon
TikTok proprietor ByteDance has introduced a women’s vogue website called If Yooou. Pinduoduo released an e-commerce internet site in the U.S. termed Temu. The two businesses are the newest Chinese tech giants to seem to crack the international e-commerce industry domianted by Amazon. Mike Kemp | In Pictures | Getty Photos Pinduoduo and TikTok operator […]
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Asia would be the most important loser if the international overall economy splits up, IMF warns
Asia-Pacific has extra to lose than any other area if the international trade procedure splits up in the wake of geopolitical tensions, the Intercontinental Financial Fund warned. Asia and Pacific nations around the world could reduce more than 3% in gross domestic product if trade is minimize off in sectors hit by new U.S. chip […]
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Mercedes-Benz says car prices are ‘well-supported’ in China after Tesla cuts prices of its EVs
2022 Mercedes-Benz EQS EV Mercedes-Benz Mercedes-Benz finance chief on Wednesday told CNBC the automaker’s pricing of its cars in China is “well-supported” after U.S. electric vehicle giant Tesla slashed prices. “We definitely see the demand being well but also we see the pricing levels we put into the market being well-supported in the market in […]
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Foxconn’s Apple iphone manufacturing unit in China — the world’s most significant — hit by Covid outbreak
Source: Thomas Peter | Reuters Foxconn stated Tuesday that its manufacturing facility in Zhengzhou, China — the world’s premier assembly plant for Apple’s iPhones — was strike with a little Covid outbreak. A spokesperson for the Taiwanese organization, officially recognised as Hon Hai Engineering Group, advised CNBC that operation and generation at its Zhengzhou facility […]
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Swiss lender UBS posts 24% gain slide but beats analyst anticipations
UBS studies its latest earnings FABRICE COFFRINI | AFP | Getty Illustrations or photos UBS on Tuesday noted a net profits of $1.7 billion for the 3rd quarter of this calendar year, a little over analyst expectations, with the Swiss bank citing a tough environment. Analysts had expected a web gain of $1.64 billion, according […]
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Asia-Pacific marketplaces largely increase right after Wall Street’s 2nd favourable session
A gentleman walks earlier the Tokyo Inventory Exchange (TSE), operated by Japan Exchange Team Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg by way of Getty Visuals Shares in the Asia-Pacific rose in early trade Tuesday just after Wall Street’s next straight positive session. Hong Kong’s Cling Seng index […]
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Chinese intelligence officers charged with obstructing Huawei prosecution as DOJ reveals 2 a lot more situations of China interference
Image of He and Wang respectively integrated in D.O.J. complaint. Courtesy: D.O.J. Two Chinese intelligence officers have been criminally charged with making an attempt to obstruct the prosecution of the Huawei worldwide telecommunications organization by trying to steal confidential info about the scenario, Legal professional Common Merrick Garland stated Monday. Garland also announced two far […]
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Nio, BYD and other Chinese EV stocks slide sharply amid market-off
Nio started deliveries of its new ET7, an upscale electric powered sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electrical car or truck makers were amongst those strike by a remarkable promote-off Monday, as investors soured on non-state-run Chinese organizations pursuing a weekend of dramatic political developments in China. Shares of Li […]
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Chinese EV maker Xpeng debuts most superior semi-autonomous driving technique to rival Tesla
Xpeng showed off its forthcoming G9 SUV at the Chengdu automobile present in August 2022. China News Provider | China Information Company | Getty Photos Chinese electric carmaker Xpeng on Monday revealed its most sophisticated semi-autonomous driving system as it appears to be like to enhance charm for its automobiles amid growing competitors. Xpeng took […]
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