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REUTERS/Tyrone SiuTAIPEI, March 13 (Reuters) - Taiwan's defence spending this year will focus on preparing weapons and equipment for a "total blockade" by China, including parts for F-16 fighters and replenishing weapons, the military said in a report. Xi also said that when it came to Taiwan, China must oppose pro-independence and secessionist activities and the interference of external forces. Taiwan's defence ministry said China has systematically increased the strength of its "joint combat readiness" actions around Taiwan. That is more than double the number from a year earlier and poses a "substantial threat" to Taiwan's defence, the ministry said. China has been "normalising" no-navigation zones around the Bohai Sea, the Yellow Sea and the Taiwan Strait, the ministry added.

☆ Tesla's China sales slow as price-cut boost wanes
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +3 min

The U.S. automaker nearly doubled weekly retail sales in the week of Feb. 20 to 10,703 vehicles versus a week prior, showed data from China Merchants Bank International (CMBI) on Tuesday, which tracks weekly retail sales based on car insurance registrations. Sales are slowing in part due to an ageing product line, said Yale Zhang, managing director at Shanghai-based consultancy Automotive Foresight. Consumers are also delaying purchases while waiting to see if other EV makers cut prices, Zhang said. Meanwhile, the market share of BYD Co Ltd (002594.SZ), surged to 37% from 27%, CMBI data showed. Smaller EV players such as Leap Motor and Great Wall Motor Co Ltd's (601633.SS) Ora are among those whose market share shrank.

☆ Chinese companies have rushed to fill the gap in Russia left by brands exiting from the Ukraine war
▼ + stars: | 2023-02-25 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Chinese manufacturers were already popular in Russia before the war, accounting for approximately 40% of the smartphone market in December 2021. Tough times for consumersAlthough Chinese brands are reaping the rewards of the Western embargo, the Russian market is shrinking as its economy slumps. If the war in Ukraine ends, Apple and Samsung will likely rebuild operations in the country — and quickly recapture smartphone sales, Stryjak said. Even then, with the return of international brands, Chinese players could retain their foothold, particularly given how long it could take to rebuild supply chains. “Stating this a bit harshly, but the Russian brands and the Chinese brands are kind of stand-ins for the real players,” said Le at Sino Auto Insights.

☆ Disney's Hong Kong service drops 'Simpsons' episode with 'forced labor' reference
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Feb 6 (Reuters) - Walt Disney Co (DIS.N) has cut an episode from the hit cartoon series "The Simpsons" that contains a reference to "forced labour camps" in China from its streaming service in Hong Kong, according to a check of the service. The episode "One Angry Lisa", which first aired in October on television, is not available on the U.S. company's Disney Plus streaming service in Hong Kong, according to a check by Reuters. Reuters was not able to establish when it was removed from the Hong Kong service and Disney did not immediately respond to a request for comment. Bitcoin mines, forced labour camps where children make smartphones.”China denies any suggestion that forced labour occurs there. In 2021, Disney removed an episode of "The Simpsons" that made a reference to the 1989 Tiananmen Square crackdown when it first launched its Disney Plus service in Hong Kong.

☆ Simpsons episode that mentions 'forced labor camps' in China is cut from Disney+ in Hong Kong
▼ + stars: | 2023-02-06 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —An episode of “The Simpsons” that includes a line about “forced labor camps” in mainland China has been pulled from Disney’s streaming platform in Hong Kong. Bitcoin mines, forced labor camps where children make smartphones, and romance.”CNN has confirmed that the episode — which first aired in October — is unavailable on the Hong Kong version of Disney+. Disney (DIS) declined to comment, while the Hong Kong government did not immediately respond to a request for comment. In November 2021, the Hollywood giant removed another episode of “The Simpsons” from its Disney+ platform in Hong Kong. Former detainees have alleged they were subjected to intense political indoctrination, forced labor, torture, and sexual abuse in such sites.

☆ Can Chinese stocks rally further? One investment bank thinks so — and names its top stock picks
▼ + stars: | 2023-01-31 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

The recovery in Chinese stocks gained steam on Monday, as China's benchmark index came within striking distance of a bull market. Chinese stocks have been buoyed by Beijing's easing of Covid-19 restrictions and a waning regulatory crackdown. "We started the year with an overweight call on China, and while that is a consensus view, there are now concerns on China rally being too sharp/too quick. The extreme inflows in the past 3 months, indeed, pose a threat to the continuity of market rally for next 3 months," Bernstein analyst Rupal Agarwal wrote in a note on Jan. 27. Bernstein's screen for undervalued stocks that have underperformed the market rally tuned up a raft of names.

GM and the factory workers - who allege illegal termination after the company decided to exit - have been locked in legal battles since 2021. The latest filing signals an escalation in the dispute as workers accuse GM's India unit and its executives, including CEO Mary Barra, of failing to follow court orders. In its earlier court filings, it has said the industrial court acted beyond its power in ordering the compensation. The union disagreed, and said GM continues to "blatantly violate" the industrial court's order by not paying the workers a single cent. After that, GM ceased all operations and moved to close the plant in Maharashtra, but it has not received permission.

☆ Developing Nations Aren’t Ready for EVs—Unless They Are Made in China
▼ + stars: | 2023-01-09 | by ( River Davis | ) www.wsj.com time to read: 1 min

An EV from Great Wall Motor—the Ora Good Cat—on display at the Bangkok auto show last year. KORAT, Thailand—When Wimonsiri Boonyopakorn ‘s husband moved to Bangkok for work, the 35-year-old schoolteacher decided to buy a car so she could make the 160-mile trip to visit him on weekends. She was surprised to find several electric vehicles from Chinese manufacturers that cost less than gas-powered cars of a similar size.

☆ Tesla launches EVs in Thailand amid competition from cheaper brands
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The Tesla Model Y is covered by black cloth during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. It produces about 1.5 million to 2 million vehicles annually, of which about half are exported. Customers who showed up to Tesla's launch in a luxury mall in central Bangkok said they were interested in the new cars being offered. The price differences aren't significant (from other EV brands)," said office worker Thitipun Paisirikul, 36, adding he expected the re-sale value of the car would be high. State-owned energy firm PTT Group this year announced a $1 billion joint venture with Taiwan's Foxconn to produce EVs in Thailand.

Morehouse CollegeWhen Morehouse College made history by launching its first class in the metaverse last spring, Hamilton was one of 11 professors to teach students using virtual reality technology. Partnering with the VR tech company VictoryXR, Hamilton is creating his first full course in the metaverse on Black history. Morehouse College history professor Ovell Hamilton. “You can do that in virtual reality.”Muhsinah Morris is the director of the Virtual Reality Project at Morehouse College. Morehouse College students attending a “Meditation Mondays” event in space within the metaverse.

☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

☆ Meta Quest Pro review: A very expensive VR experiment that doesn't have a target audience
▼ + stars: | 2022-11-10 | by ( Sofia Pitt | ) www.cnbc.com time to read: +14 min

In this article META Follow your favorite stocks CREATE FREE ACCOUNTSofia Pitt using Meta Quest Pro Sofia PittI've been testing the new $1,500 Meta Quest Pro virtual reality headset since it launched on Oct. 25. In other words, the Meta Quest Pro is a very expensive experiment built to help figure out the use cases for the metaverse. Meta Quest Pro vs. Meta Quest 2: Design upgradesThe fit and design of the Meta Quest Pro are a huge upgrade compared with the Meta Quest 2 headset, which launched in 2020 under the name Oculus Quest 2. Meta Quest Pro. Painting VR on Meta Quest Pro Sofia PittThese experiences are not new or exclusive to the Pro.

☆ Geely's Zeekr plans electric vehicle sales in Europe in 2023
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song/File PhotoSHANGHAI, Nov 2 (Reuters) - Zhejiang Geely Holding Group's (GEELY.UL) premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr's CEO said. Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD (002594.SZ), Xpeng (9868.HK) and Great Wall Motors (601633.SS). An said Geely would market its 001 electric crossover in Europe next year. The base model Zeekr 001 sells for the equivalent of $41,000 in China compared with $40,000 for the Tesla (TSLA.O) Model Y after a recent price cut.

☆ China auto market faces slowdown as inventory builds - CMBI
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

Automakers had delivered 1 million vehicles to dealers in China over the first nine months of this year, a record volume for the world's largest auto market, analysts at China Merchants Bank International (CMBI) said. Register now for FREE unlimited access to Reuters.com RegisterThe China Association of Automobile Manufactures reports overall vehicle sales. CMBI analysts used insurance registration data to track retail sales separate from wholesale deliveries to dealers. The diverging trend in deliveries to dealers and retail sales "makes us very concerned about automakers' wholesale volume in 2023," the CMBI report said. "We expect China's wholesale volume to fall in 2023, with more significant decline for internal-combustion engine (ICE) vehicles than this year."

☆ EU needs to up electric vehicle support to fend off Chinese competition, climate group says
▼ + stars: | 2022-10-16 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Athit PerawongmethaOct 17 (Reuters) - The European Union needs to provide more regulatory incentives for its carmakers to scale up fully electric vehicle (EV) production or risk losing market share to Chinese rivals, according to a study by climate group Transport & Environment. released on Monday, the group said that EV sales growth in the bloc had slowed, with fully-electric cars making up 11% of sales in the first half of 2022 when historical trends suggested they should have reached 13%. "The failure of EU carmakers to scale up...supply could result in foreign automakers offering affordable models and capturing a large share of the mass market in Europe," the report said. "If the EU is unable to efficiently regulate its own market, it risks losing its economic sovereignty in the automotive industry." Register now for FREE unlimited access to Reuters.com RegisterReporting By Nick Carey; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Volkswagen to take 60% stake in tech joint venture with China's Horizon Robotics
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 13 (Reuters) - Volkswagen (VOWG_p.DE) will invest 2.4 billion euros ($2.33 billion) and take a 60% stake in a new joint venture with Chinese technology company Horizon Robotics for autonomous driving software and hardware, the carmaker said on Thursday. The companies will work together to develop technology that can integrate numerous functions for autonomous driving onto a single chip, the statement said. Horizon Robotics, founded in 2015, supplies customers including Volkswagen's Audi, Continental (CONG.DE), Li Auto and SAIC, according to its website. The carmaker, which makes around 40% of sales and half of profits in the country, holds a 75% stake in a joint venture with JAC <600418.SS<, a 50% stake with SAIC (600104.SS) and 40% with FAW [RIC:RIC:SASACJ.UL]. ($1 = 1.0290 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

☆ China's BYD wins five-star European safety rating for electric SUV
▼ + stars: | 2022-10-12 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Oct 12 (Reuters) - BYD (002594.SZ) on Wednesday received a coveted five-star Euro NCAP safety rating for its electric ATTO 3 crossover SUV, the latest Chinese carmaker to receive top marks as it seeks to gain a foothold in Europe's competitive car market. Last month Chinee rival Great Wall Motor (601633.SS) received five-star ratings for its WEY brand Coffee 01 hybrid SUV and its ORA brand Funky Cat electric sedan. Just this week BYD launched the ATTO 3 in India, which sells in China as the Yuan Plus. Last week, German car rental company Sixt (SIXG.DE) said it has committed to buying around 100,000 electric vehicles from China's BYD in the coming years. Among the other cars receiving a five-star rating on Wednesday was Mercedes-Benz's (MBGn.DE) EQE electric sedan.

☆ Buffet-backed BYD taps India as latest market amid global push
▼ + stars: | 2022-10-11 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

BYD's Atto 3 electric SUV car is displayed during its launch in New Delhi, India, October 11, 2022. REUTERS/Adnan AbidiNEW DELHI, Oct 11 (Reuters) - Warren Buffet-backed Chinese electric carmaker BYD (002594.SZ) launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion. BYD launched the Atto 3 electric SUV, fitted with its renowned Blade battery technology, with a plan to corner 40% of the country's electric car market by 2030. "India will be one of the key markets in BYD's global portfolio," Sanjay Gopalakrishnan, senior vice president of electric passenger vehicles at BYD India, told Reuters. BYD's India push comes amid tight scrutiny of investments from bordering nations, including China.

☆ BYD enters India's passenger car market amid global push
▼ + stars: | 2022-10-11 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

NEW DELHI, Oct 11 (Reuters) - Warren Buffet-backed Chinese electric carmaker BYD (002594.SZ) launched its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion. BYD, which already sells electric buses and electric vehicles (EVs) for corporate fleets in India, launched the Atto 3 electric SUV, fitted with BYD's renowned Blade battery technology, in the world's fourth-largest car market where Tata Motors (TAMO.NS) dominates electric car sales. It launched the Atto 3 electric SUV in Thailand on Monday. BYD's push into India also comes at a time when the South Asian country continues to maintain tight scrutiny of investments coming from bordering nations, including China. BYD has two manufacturing plants in India, spread over 140,000 square metres with more than 3,000 employees, Zhang said.

☆ EXCLUSIVE Kaisa offshore creditors offer $2 bln to take over stalled projects - sources
▼ + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

A sign of the Kaisa Holdings Group is seen at the Shanghai Kaisa Financial Centre, in Shanghai, China, December 7, 2021. It also comes as authorities are scrambling to contain a mortgage boycott by homebuyers against stalled projects. The offshore bondholder group, which is being represented by financial advisory group Lazard Ltd, made the offer to acquire Kaisa's stalled projects to the developer's advisor CITIC Securities, said the people. As most of Kaisa's projects are in top-tier Chinese cities, where housing prices are relatively resilient, bondholders expect to reap the profits after the completion of the stalled projects, said the two people. It is unclear how many stalled projects would be covered by the bondholder group's offer, and how many of them meet the purchase criteria laid out by the group.

☆ Exclusive: Kaisa offshore creditors offer $2 billion to take over stalled projects
▼ + stars: | 2022-09-19 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

☆ Молдова хочет привлечь китайские инвестиции в размере $1 млрд,
▼ + stars: | 2021-06-04 | by ( Super User | ) mybusiness.md time to read: +2 min

Китайские компании заинтересованы в масштабных инвестиционных проектах в энергетическом и медицинском секторах Молдовы. Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны, пишет mybusiness.md со ссылкой на zf.ro. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.

Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Министерство экономики и инфраструктуры, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка

☆ Молдова хочет привлечь $ 1 млрд китайских инвестиций
▼ + stars: | 2021-06-03 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Посол сказал, что интерес Китая к инвестированию в Молдову растет, отчасти из-за выгодного географического положения страны. По его словам, China Energy хочет заключить соглашение о сотрудничестве с министерством экономики и инфраструктуры Молдовы, а China Sinopharm International Corporation выразила заинтересованность в сотрудничестве с молдавской компанией для реализации проекта развития в области лучевой терапии и химиотерапии. Интерес Китая возник после того, как посольство Молдовы в Пекине предложило инвестиционные проекты в Молдове на сумму около 1 миллиарда долларов, что составляет около 10% ВВП Молдовы. По его словам, в Молдове есть благоприятная налоговая система и инвестиционные платформы, такие как свободные экономические зоны, индустриальные парки и IT-парки. В апреле 2019 года предыдущее правительство во главе с Павлом Филипом организовало двусторонний молдавско-китайский форум с участием 12 важнейших китайских компаний и 100 молдавских компаний.

Persons: Думитру Брагиш, Брагиш, Павел Филип Organizations: Balkan, China, China Sinopharm International Corporation, Wall Motors, Huawei, China Hyway, China Railway Group, Китайская корпорация зарубежное экономическое сотрудничество, Китайскоевропейская ассоциация техническое и экономическое сотрудничество Locations: China Energy, China, Молдова, Пекин, Китай, Азия, Европа, Ближний Восток, Африка

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