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☆ Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
▼ + stars: | 2024-04-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday. For the first three weeks of April, Zeekr sold 500 more cars than Tesla in the province of Zhejiang, where Zeekr and its parent company Geely are based. Zeekr also slightly outsold Tesla in the province of Anhui, near Shanghai, and Guangxi, an autonomous region in southern China. The rapid rise of Chinese electric car companies, however, has also prompted the EU and U.S. to consider measures for protecting their own auto industries.

Persons: Andy, Elon, Tesla, Zeekr Organizations: China News Service, Getty, CNBC, EU Locations: Beijing, BEIJING, China, Europe, Latin America, Zhejiang, Anhui, Shanghai, Guangxi, Sweden, Netherlands, America, Hong Kong, Macao, Singapore

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
▼ + stars: | 2024-03-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

On Thursday, Xiaomi will officially launch the SU7 electric vehicle and begin taking orders. Xiaomi CEO Lei Jun on Monday teased the price of the Chinese firm's first electric vehicle ahead of its official launch this week. Xiaomi Group President Weibing Lu told CNBC previously that the company is targeting the premium segment of the electric car market. The EV market is in the midst of a price war which was sparked by Tesla at the end of 2022. "Three years ago, I announced that Xiaomi was going to enter the EV market.

Persons: Xiaomi, Lei, Lei Jun, Weibing Lu, Li Auto, Tesla Organizations: Weibo, Xiaomi, CNBC, stoke, EV Locations: Hefei, Anhui Province, China, Xiaomi

☆ EU-China trade relations are in a 'slow-motion train accident,' business group says
▼ + stars: | 2024-03-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

"What we see right now is the unfolding of a slow-motion train accident," he told reporters at a briefing last week. "That's when trade becomes a security question and I think that is perhaps not fully appreciated in China just yet." There needs to be an honest conversation between Europe and China about what this is going to mean. The EU was China's largest regional trading partner until Southeast Asia recently surpassed it. The U.S. is China's largest trading partner on a single-country basis.

Persons: Jens Eskelund, Eskelund, I've, Markus Herrmann Chen Organizations: Future Publishing, Getty, European Union Chamber of Commerce, EU, of Commerce, Investment, China Macro Locations: Hefei, Anhui province, BEIJING, Europe, Beijing, China, Southeast Asia, U.S

☆ Teacher Li: A Chinese dissident in Europe is enraging Beijing. Now police are coming for his social media followers
▼ + stars: | 2024-03-18 | by ( Nectar Gan | Yong Xiong | ) edition.cnn.com time to read: +10 min

And now, Chinese authorities appear to be going after his followers in China. Li Ying spends most of his days in front of the computer running his X account. Li’s warnings sent shock waves through the small but influential Chinese X sphere. On X, Li Ying’s account provided a window into the outpouring of grief and disaffection. “The Chinese authorities are fearful of young people like Teacher Li, seeing him as a threat to its rule,” Wang said.

Persons: Lee, Xi Jinping, –, Li, ”, ” Lee, Li Ying, Li reposts, Elon Musk, Covid lockdowns, ” Li, “, Yaqiu Wang, ‘, ’ ”, Li Keqiang, Shen Xiang, ramped, Li Keqiang’s, Xi, it’s, it’ll, ” Wang, Wang Organizations: Hong Kong CNN, Twitter, US, Facebook, Elon, Ministry of Public Security, CNN, YouTube, Future Publishing, Getty, Freedom Locations: China, Hong Kong, Beijing, Italy, Washington, Anhui province, “

☆ Looking for leads, not love: Job seekers in China turn Tinder into a networking tool
▼ + stars: | 2024-03-17 | by ( Larissa Gao | Helen Chen | ) www.cnbc.com time to read: +3 min

Similar posts suggesting dating apps as a way to find jobs are not uncommon on Chinese social media. "By using dating apps, we can reach more people," Liang said. But with dating apps, you hang out with strangers for a couple of hours and they can already provide you with tons of their personal information." "I cannot believe people would even go on dating apps to find jobs," read one comment on Weibo, China's equivalent of X. Tinder users in China "are already very selective because the vast majority of users were pursuing degrees overseas," Zeng said.

Persons: Liang, Geng, Tinder, Romy Liu, Liu, Zoey Zeng, Zeng Organizations: NBC News Locations: Huaibei, East China's Anhui, China, Weibo, Hangzhou, Paris, France

☆ Problems in China have US intelligence worried the rising military power may become 'even more aggressive and unpredictable'
▼ + stars: | 2024-03-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

China may act "even more" aggressively and unpredictably thanks to its domestic problems, US intel said. China's demographic issues, as well as economic challenges, put its leadership and military in difficult positions. US intel suggested China's global leadership and military ambitions are meeting resistance. AdvertisementAs China grapples with mounting domestic challenges, its already concerning behavior on the world stage may become even more aggressive and unpredictable, according to US intelligence. "China's serious demographic and economic challenges may make it an even more aggressive and unpredictable global actor," the threat assessment said.

Persons: —, Xi Jinping, Yang Jie, That's Organizations: intel, Service, US Intelligence Community, National Intelligence, Pentagon, People's Liberation Army Navy, Getty, Democratic Progressive Party's, East China, East China Seas, Liberation Army, Chinese Communist Party, CCP, Force Locations: China, United States, China's, Zhanjiang, Guangdong Province, Xinhua, Taiwan, Beijing, South, East, East China Seas, Philippine, PRC, People's Republic of China, Hefei, Anhui province, COVID

☆ Three Is Best: How China’s Family Planning Propaganda Has Changed
▼ + stars: | 2024-03-09 | by ( Isabelle Qian | Pablo Robles | ) www.nytimes.com time to read: +7 min

One Three Is Best: How China’s Family Planning Propaganda Has ChangedFor decades, China harshly restricted the number of children couples could have, arguing that everyone would be better off with fewer mouths to feed. The government’s one-child policy was woven into the fabric of everyday life, through slogans on street banners and in popular culture and public art. Between 1980 and 2015, the year the one-child policy officially ended, the Chinese government used extensive propaganda to warn that having more babies would hinder China’s modernization. Then Now One child is best, the government aids in elder care. The pivot has prompted local officials to remove visible remnants of the one-child policy.

Persons: “, It’s, Critics, Marie Mathelin, Roger Viollet, Xilingjing Xiang Organizations: National Bureau of Statistics, China Central Television, Getty Images Locations: Wuhan, China, People’s Republic of China, Bengbu, Anhui, Shanxi Province, Xilingjing

☆ I was personal assistant to the billionaire founder of a secretive Wall Street firm. This is how I landed a meeting with him, from 10 personal reference calls to a 'Devil Wears Prada' interview moment
▼ + stars: | 2024-02-22 | by ( Carrie Sun | ) www.businessinsider.com time to read: +12 min

She has written a memoir about working for a secretive and wildly prestigious Wall Street hedge fund. Recruiters are one of the main gatekeepers for the hedge fund and private equity industries. I hadn't — but I had heard of Argon, a hedge fund that had long and widely been seen as financial royalty. A leading financial publication had called Carbon the world's hottest hedge fund. Another had named it one of the world's top-performing large hedge funds, ranking it among other hedge fund titans and their flagships, like Ray Dalio's Pure Alpha II and Ken Griffin's Citadel.

Persons: —, Carrie Sun, Sun, Beowulf Sheehan Yuna, Carrie, Yuna, Chang's, Meijer, Peter, Boone Prescott, He's, Peter glanced, Boone, Jen, you'd, Ruth, Maya, Warren Buffett, Ray, Ken Griffin's, Griffin, Anne Hathaway, Chanel Organizations: Service, MIT, New, Boone, Samsung, Ann Arbor ., College, Carbon, NYU, Alpha, Penguin Press Locations: China, Michigan, Jersey City, Kansas, Midtown, receptionists, Manhattan, Ann Arbor, United States, New York, New Jersey, Anhui, Barneys, Madison, America, Boone, Missouri

☆ MSCI China Index: 66 stocks cut from benchmark amid stock market rout
▼ + stars: | 2024-02-14 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Global stock index compiler MSCI is deleting dozens of companies from its benchmark China Index, which could further exacerbate fund outflows from Chinese equities after a massive stock market rout. The index provider announced this week that it would drop 66 securities from the MSCI China Index, one of its flagship China indexes, as part of the company’s latest quarterly review. The MSCI China Index is the compiler’s key index tracking the Chinese stock market, covering about 85% of the total market capitalization of Chinese companies listed globally. On Monday, MSCI also announced changes to its other China-related indexes, including deleting dozens of stocks from MSCI China A Onshore indexes and MSCI China All Shares indexes. Hong Kong’s stock market reopened on Wednesday after a long holiday weekend, with the benchmark Hang Seng Index up 0.9%.

Persons: MSCI, ”, Luca Paolini, Hong Organizations: Hong Kong CNN — Global, Investors, Greentown China Holdings, Gemdale Corp, Uni, President, China Southern Airlines, Lufax Holdings, Genomics, Midea, MGI Tech, Management Locations: China, Hong Kong, Shanghai, Shenzhen, Fuyang, China's, Anhui, AFP, Hangzhou, President China, Beijing, Geneva, Mainland

☆ For some Spring Festival revelers in China, traditional attire adds an element of time travel to celebrations
▼ + stars: | 2024-02-12 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

For instance, Yu Garden in Shanghai, which hosts a 40-day Spring Festival lantern fair, has become a popular destination for Hanfu fans. The nearby commercial shopping district of Wujiaochang even hosted a Lunar New Year Hanfu parade to attract revelers to the area this year. It too has seen an increase in young tourists wearing traditional attire during visits, according to one local. Embracing traditionA woman wearing Hanfu strolls around the Spring Festival Flower Market in Guangzhou, China, on February 9, 2024. Others say the term “Hanfu” is too narrow, given the fluid sharing of influences among diverse ethnic groups in China.

Persons: they’ve, Taobao, Shanghai's Yu, Yu, influencers, ”, Cai Pa, ” Cai, it’s, Li, John Ricky, Hanfu, she’s Organizations: CNN, CNN — Tourists, Visual China, Getty, CNN Travel Locations: Suzhou, China, Shanghai, Hanfu, Seoul, Yu Garden, Wujiaochang, China’s, Hainan, Haikou, Qilou, Guangzhou, Anhui, gan

☆ Chinese Lunar New Year travel chaos as extreme weather leaves drivers stuck in cars
▼ + stars: | 2024-02-06 | by ( Marc Stewart | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Beijing CNN —Blizzards and freezing rain have brought massive disruption to China’s peak Lunar New Year travel rush, leaving drivers stuck in cars on icy highways and passengers struggling to rebook canceled trains and flights. Sections of 90 major highways impacted by snow and ice were closed across China as of Tuesday morning, according to state-affiliated Beijing News. Others show crowds of stranded passengers in train stations, in one case with an announcement blaring: “No trains are leaving today. Tang flipped through his camera, where images showed piles of snow on both sides of the road and a long traffic jam. Another wave of precipitation is forecast through midweek slightly further south than the snow over the weekend, according to CNN Weather.

Persons: Yang Guang, Tang Zitao, Tang, ”, we’d, It’s Organizations: Beijing CNN, Visual China, CNN, Spring, CNN Weather Locations: China, Beijing, Hubei, Anhui, Wuhan, Henan province, Tang

☆ Heavy snow, rain threaten travel chaos during China’s Lunar New Year
▼ + stars: | 2024-02-01 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Heavy snow and rain is forecast to hit central and eastern China in the coming days, threatening travel plans for hundreds of millions of Chinese workers heading home for the Lunar New Year. However, Xu Jun, chief forecaster from the Central Meteorological Observatory, told CCTV the forecast snowfall won’t be as heavy or widespread as that experienced around the holiday season 16 years ago. “The rain and snow overlap with the peak period of Spring Festival travel. This has posed risks to safe (travel) and brought inconvenience to the transportation,” weather expert Wang Lijuan, from China Meteorological Administration, told CCTV. Xu, from the Central Meteorological Observatory, told CCTV freezing rain could affect many provinces over an area as wide as 43,000 square kilometers (16,600 square miles).

Persons: Xu Jun, Wang Lijuan, Xu Organizations: Hong Kong CNN, Central Meteorological Observatory, Meteorological, Festival, China Meteorological Administration, Central Meteorological Locations: Hong Kong, China, Hebei, Henan, Shandong, Liaoning, Hubei, Zhengzhou, China's, Xinjiang, Anhui, Weibo, Mohe, Heilongjiang

☆ Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
▼ + stars: | 2024-01-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

A commodity "super squeeze" is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained. "If it's a supply constraint that's driving high commodity prices, it's a very different story for global growth," he told CNBC via Zoom. Higher prices as a result of a super squeeze are "not as positive." The super squeeze could be deeper, or more prolonged if geopolitical, climate change or energy transition related supply disruptions are larger than expected. He highlighted that extreme weather events and geopolitics have also impacted the agricultural and energy commodity baskets.

Persons: Li Xin, Paul Bloxham, Bloxham, Brian Luke S, Dow, HSBC's Bloxham, Ian Waldie, Brian Luke, Matty Zhao Organizations: Technology, Getty, Visual China, HSBC, CNBC, Paul Bloxham HSBC, Energy, Commission, Commodities, Bloomberg, Dow Jones, of America Securities Locations: SUIXI, CHINA, Anhui, Suixi County, Huaibei City, Anhui Province, China, Israel, Gaza, Ukraine, Red, Australia, Asia, Pacific

☆ China tries to halt stock market rout by boosting lending and wooing foreign investors
▼ + stars: | 2024-01-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China has vowed to pump more money into the economy and further open its $64 trillion financial industry to international investors, as Beijing scrambles to restore confidence following a massive stock market rout. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. It will allow Hong Kong banks to expand their businesses in mainland China and reduce the barriers to investing in mainland insurers. Last month, China Reform Holdings, a state-owned investment fund, announced it had bought tech-focused index funds to support the market. The brutal sell-off in Chinese stock markets has even forced some hedge fund managers to apologize for making wrong bets.

Persons: Li Yunze, “, Pan Gongsheng, Goldman Sachs, Li, ”, Lam, Li Qiang, Wang Zhao, Premier Li Qiang, Stringer, Li Bei Organizations: Hong Kong CNN, Administration of Financial, People’s Bank of, Buildings, New Champions, Getty, Premier, Xinhua, Reuters, Securities Daily, Social Security Fund, China Reform Holdings, Central Huijin Investment, Shanghai Banxia Investment Management Locations: China, Hong Kong, Beijing, Shanghai, Shenzhen, People’s Bank of China, Victoria Harbour, British, Tianjin, AFP, Central, Fuyang, China's, Anhui

☆ The 'crown jewel' of the Chinese military appears to have a serious corruption problem, but the US can't afford to bet on its missiles all being defective
▼ + stars: | 2024-01-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Recent reports point to corruption and readiness problems in the Chinese military, the rocket force in particular. In the aftermath of the report, an ex-PLA official told Radio Free Asia problems like this have long been rampant in the Chinese military. The rocket force shakeups suggest that there are questions over who can be trusted. Xinhua/Cha Chunming via Getty ImagesConcerns about corruption and readiness stand in contrast with the modernization and strengthening of the Chinese military. Is the PLA, particularly the rocket force, the increasingly formidable force the Pentagon described in a military power report last October?

Persons: It's, —, Tom Shugart, Xi Jinping, that's, hotpot, hadn't, bigwig, Xi, Liu Dawei, Shugart, weren't, Lintao Zhang, Li Shangfu, Li Gang, ISW, there's, Andy Wong Organizations: Service, People's Liberation Army, US, Center, New, New American Security, Liberation Army, Getty Images, Bloomberg, PLA, Rocket Force, Radio Free, 14th China International Aviation, Aerospace Exhibition, Getty, Liberation Army Rocket, Business, United, Naval, Army, Air Force, Communist, of, Defense, Chinese Communist Party, Liberation Army's Army Infantry College, Li, Pentagon, U.S . Nimitz, US Army Locations: New American, Taiwan, Hefei, Anhui province, Radio Free Asia, Zhuhai, Guangdong Province, Xinhua, United States, Beijing, China, PLA, Gutian, Jiangxi Province, U.S, Tiananmen, Pamir, Kashgar, China's Xinjiang, Pacific

☆ Anhui Jianghuai Automobile says Nio unit, state-owned firm win bid for assets
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Super chargers of Chinese electric vehicle (EV) maker Nio are placed at a delivery center of the company, in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Dec 5 (Reuters) - Anhui Jianghuai Automobile (600418.SS) (JAC) said on Tuesday that electric vehicle maker Nio's (9866.HK) Anhui unit and a state-owned company of China's Hefei government won a bid for its assets worth a combined 4.58 billion yuan ($641.2 million). In October, JAC put up for sale the assets at the two plants, known as F1 plant and F2 plant where Nio has been producing its EVs. Regulators allowed Nio to produce and sell EVs in China via the collaboration with JAC in 2018 through which Nio paid JAC commission fees on each car it produced. Nio ranked ninth in terms of sales of EVs and plug-in hybrids in the first 10 months in China with 126,067 units, according to data from China Passenger Car Association.

Persons: Nio, Aly, JAC, Hengchuang, Zhang Yan, Brenda Goh, Jacqueline Wong Organizations: REUTERS, Rights, Anhui Jianghuai Automobile, Technology, Regulators, China Passenger Car Association, Thomson Locations: Nanxiang, Shanghai, China, Rights SHANGHAI, BEIJING, Anhui, HK, Hefei, Beijing

☆ China adds Nio to list of approved vehicle manufactures - website
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - Electric vehicle maker Nio (9866.HK) has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website. The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis. U.S. luxury EV maker Lucid Group (LCID.O) has also been advised of the low likelihood for approval, sources have told Reuters. The last EV maker to receive both permits was Shandong-headquartered EV maker Sinogold in May 2019.

Persons: Bernadett Szabo, Nio, Cui Zhuzhu, Zhang Yan, Brenda Goh, Emelia Sithole Organizations: REUTERS, Rights, HK, Anhui Jianghuai Automobile, China Securities Journal, Tesla Inc, Reuters, Lucid, Sinogold, China Passenger Car Association, Thomson Locations: Biatorbagy, Hungary, Anhui, JAC's, Shanghai, China, Shandong

☆ China launches probe into surrogacy, fake paternity tests in Wuhan
▼ + stars: | 2023-11-29 | by ( ) www.cnbc.com time to read: +1 min

A nurse cares for a newborn at the Women and Children's Hospital in Fuyang City, Anhui Province, China, Aug 8, 2022. Chinese authorities have suspended a hospital and a judicial institute in the city of Wuhan from conducting some services after they were accused of surrogacy and issuing fake paternity results. The suspension comes amid several investigations related to the issuance of fake birth certificates as China, where surrogacy is illegal, tries to boost its birth rate. Wuhan Puren Hospital has been suspended from releasing birth certificates and Wuhan Ruiboxiang Judicial Appraisal Institute has been suspended from providing judicial appraisal services, the Wuhan Municipal Health Commission said on Tuesday. "We will seriously pursue accountability in accordance with laws and regulations based on the investigation," the commission said.

Organizations: Children's, Wuhan Puren, Wuhan Municipal Health Commission Locations: Fuyang City, Anhui Province, China, Wuhan, Wuhan Ruiboxiang

☆ China economy: PBOC governor says focus will be on ‘high-quality, sustainable’ growth
▼ + stars: | 2023-11-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

“High-quality, sustainable growth is far more important.”The country is moving away from manufacturing and real estate, its traditional drivers of growth, towards a newer economic model driven by consumption and services, he added. “I’m confident China will enjoy healthy and sustainable growth in 2024 and beyond.”His remarks come at a time when China is battling a protracted recession in its vast real estate sector. But the country’s real estate sector is still struggling with sluggish sales and falling home prices. “China’s real estate market is experiencing some adjustments,” he said. The regulators have also introduced a raft of measures to stabilise the real estate industry, including reducing mortgage rates for home buyers.

Persons: Pan Gongsheng, “, Pan, “ I’m, ”, Stringer Organizations: Hong Kong CNN, People’s Bank of, “, Getty Locations: Hong Kong, “ China, People’s Bank of China, China, “, Fuyang, China's, Anhui, AFP, Wuhan, Hubei

From there, the carbon can either be moved directly to permanent underground storage or it can be used in another industrial purpose first, variations that are respectively called carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS). Another form of carbon capture is direct air capture (DAC), in which carbon emissions are captured from the air. REUTERS/David Stanway/File Photo Acquire Licensing RightsOne stumbling block to rapid deployment of carbon capture technology is cost. Countries including the U.S. have rolled out public subsidies for carbon capture projects. The Inflation Reduction Act, passed in 2022, offers a $50 tax credit per metric ton of carbon captured for CCUS and $85 per metric ton captured for CCS, and $180 per metric ton captured through DAC.

Persons: David Stanway, Benjamin Longstreth, Petra Nova, Simone Stewart, Stewart, Leah Douglas, Marguerita Choy Organizations: 28th United, United, United Arab Emirates, CCS, Global CCS Institute, Drillers, International Energy Agency, REUTERS, U.S, CCUS, DAC, Task Force, U.S . Department of Energy, Navigator, U.S ., National Wildlife Federation, Thomson Locations: 28th United Nations, United Arab, U.S, Norway, Iceland, China, Canada, Qatar, Australia, Texas, Louisiana, Wuhu, Anhui province, North America, East Africa, U.S . Midwest

☆ Volkswagen begins operating first wholly owned battery pack plant in China - local govt
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsBEIJING, Nov 21 (Reuters) - Volkswagen (VOWG_p.DE) has begun operating its first wholly owned battery pack production plant in China in eastern Anhui province's capital Hefei city, the local Hefei government said on Tuesday. Volkswagen Anhui will also begin mass-production of pure electric models based on the MEB platform by the end of 2023, the government said. Total investment in the battery pack plant amounts to 1.5 billion yuan ($208.01 million), it added. ($1 = 7.2111 Chinese yuan renminbi)Reporting by Beijing Newsroom; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Muralikumar Organizations: New York, REUTERS, Rights, Volkswagen, Beijing, Thomson Locations: Manhattan , New York City, U.S, Rights BEIJING, China, Anhui, Hefei, Volkswagen Anhui

☆ Private Schools Rethink China Future After Flunking Growth Test
▼ + stars: | 2023-11-07 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +6 min

Dozens of international and private schools in China are closing or merging, industry executives said, weighed down by tighter regulation, a slowing economy and dwindling foreign student numbers. Dulwich College operates nine schools in China including bilingual schools catering to Chinese nationals that have been hit hardest by regulatory changes. Strategic plans for growth of its high schools in China were "scaled back in light of changing government regulations", Dulwich said in its 2022 annual report. Authorities have also moved to control the number of private schools. Dozens of schools, from kindergartens to high schools, have shut or stalled in the past two years.

Persons: Farah Master, Kane Wu, Julian Fisher, Fisher, Dulwich, Xi, It's, Frank Feng, Jimmy Chin, Nicholas Burns, Mathias Boyer, Casey, Roxanne Liu, Dorothy Kam, Muralikumar Anantharaman Organizations: Reuters, Dulwich College, Venture Education, Strategic, Education, Motion, Dulwich, British, Authorities, Dulwich's, Victoria Kid House, Western International School of, Everpine, Xi'an Jiaotong University, University of Science, Technology of, International School of Beijing, Casey Hall Locations: Kane Wu HONG KONG, British, China, Asia, China's, Beijing, Dulwich, Singapore, South Korea, U.S, Britain, Canada, Shanghai, Lucton, Greater Bay Area, Shenzhen, Eton, Guangzhou, Western International School of Shanghai, Xi'an, Technology of China, Anhui, Hong Kong

Dozens of international and private schools in China are closing or merging, industry executives said, weighed down by tighter regulation, a slowing economy and dwindling foreign student numbers. A rapid expansion prior to the COVID-19 pandemic drove a surge of privately run bilingual schools in China offering a western exam curriculum. Dulwich College operates nine schools in China including bilingual schools catering to Chinese nationals that have been hit hardest by regulatory changes. It mandated that Chinese compulsory education be taught in private schools, aligning the curriculum more closely to public schools and making parents question the need to pay private school fees when their children can attend free government schools. Authorities have also moved to control the number of private schools.

Persons: Aly, Julian Fisher, Fisher, Dulwich, Xi, It's, Frank Feng, Jimmy Chin, Nicholas Burns, Mathias Boyer, Casey, Roxanne Liu, Dorothy Kam, Muralikumar Organizations: REUTERS, Dulwich College, Venture Education, Strategic, Education, Motion, Dulwich, British, Authorities, Dulwich's, Victoria Kid House, Western International School of, Everpine, Xi'an Jiaotong University, University of Science, Technology of, International School of Beijing, Casey Hall, Thomson Locations: Shanghai, China, HONG KONG, British, Asia, China's, Beijing, Dulwich, Singapore, South Korea, U.S, Britain, Canada, Lucton, Greater Bay Area, Shenzhen, Eton, Guangzhou, Western International School of Shanghai, Xi'an, Technology of China, Anhui, Hong Kong

People wearing face masks wait at an intersection in Beijing's Central Business District (CBD), as the city is shrouded in smog, in China November 1, 2023. The weather in many parts of China had stayed stubbornly warm entering November, with cities in eastern and central provinces such as Shandong, Anhui, Jiangsu and Henan still logging temperatures above 30C. In tandem with the warm weather, smog has also shrouded Beijing and its surrounding areas for days. In coming days, temperatures across northern China are expected to drop sharply. Other cities such as Beijing, Zhengzhou, Jinan, Xian and Shijiazhuang will see a sudden decline of 10C to 15C.

Persons: REUTER, Tingshu Wang, Ethan Wang, Ryan Woo, Simon Cameron, Moore Organizations: Business, Rights, Beijing Daily, Xinhua, National Meteorological Center, Shanghai, Thomson Locations: China, Rights BEIJING, Beijing, Shandong, Anhui, Jiangsu, Henan, Hebei province, Shenyang, Changchun, Harbin, Zhengzhou, Jinan, Xian, Shijiazhuang

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