The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China. VCG | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up…
Railway builders erect a box girder at the site of the standard project in front of the Huning section of the Shanghai-Nanjing-Hefei high-speed railway in Suzhou, Jiangsu province, China, on January 10, 2025. Costfoto | Nurphoto | Getty Images China’s economy expanded by 5% year on year in 2024, with an upswing in the final…
Chinese social media app RedNote has skyrocketed to the top of Apple’s app store, underscoring concerns that TikTok will soon be effectively banned in the U.S. RedNote, or Xiaohongshu, as it’s known in China, is the No. 1 free app on the Apple app store as of Monday, followed by TikTok’s photo-sharing Lemon8 app and…
New electric vehicles destined for Belgium at a port in Taicang city in eastern China’s Jiangsu province on Jan. 11, 2025. Future Publishing | Future Publishing | Getty Images BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Sales…
An aerial view of a container ship leaving the dockyard in Qingdao in east China’s Shandong province. Future Publishing | Future Publishing | Getty Images China’s exports and imports in December beat expectations by a large margin, data from the country’s customs authority showed Monday, with exporters continuing to frontload shipments ahead of U.S. President-elect…
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts said. China’s 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest…
Customers purchase fruit at a supermarket on December 9, 2024 in Qingzhou, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s consumer prices in December edged up 0.1% year on year, in line with expectations, data from the National Bureau of Statistics showed Thursday, but the slower rise from the previous…
Getty Images Beijing has experienced a surge in flu-like HMPV cases, especially among children, which it attributed to a seasonal spike In recent weeks, scenes of hospitals in China overrun with masked people have made their rounds on social media, sparking worries of another pandemic. Beijing has since acknowledged a surge in cases of the…
A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market…
A worker welds at an agricultural machinery manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou, China, on August 31, 2024. Costfoto | Nurphoto | Getty Images China’s November factory activity growth missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy. The country’s official purchasing…
