DIRS.INFO The most relevant business & tech news

☆ APEC/G20: World leaders heading to major summits are wary of Trump. China’s Xi sees an opportunity
▼ + stars: | 2024-11-13 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

China, perhaps more than most countries, will be bracing for fractious relations ahead with the United States. “It makes sense for Chinese officials to use these big events to try and shape some of the international narratives right now,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. “Since there’s not much time before January 2025.”Cargo containers and cranes at Yantian port in southern China's Shenzhen earlier this year. The Chinese leader warned that the two countries “will both benefit from cooperation and lose from confrontation,” according to China’s Foreign Ministry. “Beijing does worry about Trump’s wrath and what he could do to damage China’s interest on a bilateral level,” she said.

Persons: Donald Trump’s, Xi Jinping, Trump, Joe Biden, Xi, Biden, Shigeru Ishiba, Anthony Albanese, Narendra Modi, ”, Li Mingjiang, there’s, Jade Gao, Mike Waltz, Marco Rubio, He’s, –, Liu Dongshu, Modi, Li Qiang, Leon Neal, ’ ”, Yun Sun, Vladimir Putin, Liu Organizations: Hong Kong CNN, APEC, Japanese, Australian, Indian, Singapore’s Nanyang Technological University, “, ”, Getty, Trump, CNN, Foreign Ministry, NATO, US, City University of Hong, Stimson, World Health Organization, Initiative Locations: China, Hong Kong, South America, Europe, East, United States, Beijing, Asia, Pacific, Peru, Brazil, American, China's Shenzhen, AFP, Lima . Beijing, Russia, City University of Hong Kong, Japan, South Korea, Indonesia, Lima, Rio de Janeiro, Washington, South, Taiwan, Ukraine, Paris, America, –, Sun, “ Beijing

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal

☆ China just announced a $1.4 trillion plan to rescue its local governments
▼ + stars: | 2024-11-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China has announced a local government debt rescue program days after Trump won the US election. Trump has threatened tariffs of 60% on Chinese goods, complicating China's economic gloom. AdvertisementChina announced a debt rescue program to the tune of $1.4 trillion to save heavily indebted local governments and boost its economy. The plan also allows local governments to tap 4 trillion yuan in special local bonds over five years. China's local governments have been struggling to repay their LGFV debt, which the International Monetary Fund estimated to be around 60 trillion as of last year.

Persons: Trump, —, Li Kiang, Donald Trump's, Vishnu Varathan, Mizuho Bank's Organizations: Trump, Service, China, China's, National People's Congress, International Monetary Fund, Reuters Locations: China, Xinhua, Beijing, Washington, Asia, Japan

☆ China is boosting market sentiment by playing up hopes for stimulus
▼ + stars: | 2024-11-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Chinese Premier Li Qiang spurred market expectations for more stimulus in a speech. China's services activity and business confidence rose in October, boosting market sentiment. Beijing is monitoring the US presidential election and may adjust its fiscal stimulus based on its outcome. He also drummed up market expectations for more economic stimulus, saying Beijing has "ample space for fiscal policy and monetary policy." AdvertisementBeijing is likely to roll out a bigger stimulus to buffer market volatility if Republican candidate Donald Trump wins, Varathan wrote.

Persons: Li Qiang, —, Li's, Wang Zhe, Wang, Hong, Harris, Vishnu, Mizuho Bank's, Donald Trump, Varathan Organizations: Service, P Global, Protesters, Caixin Insight, Deutsche Bank, PMI, National People's Congress, Trump Presidency, Reuters Locations: Beijing, China, Asia, Japan

☆ China is sending military gear into orbit at a 'mind-boggling' pace, says US Space Force chief
▼ + stars: | 2024-11-01 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

AdvertisementChina is developing military space gear at a "mind-boggling" pace, according to the US Space Force chief. "The number of different categories of space weapons that [China has] created and . In an interview with Politico, Saltzman added that China's progress in military space technology posed a bigger challenge than possible Russian nuclear weapons in orbit. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. As the FT notes, the US space defense capabilities are heavily reliant on private companies, such as SpaceX.

Persons: Chance Saltzman, —, Saltzman, Xi Jinping, Bill Nelson, Troy Meink, Space.com, Meink, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: SpaceX, Service, US Space Force, Financial Times, Politico, NASA, UN, National Reconnaissance Office, Asia Pacific Foundation of Canada, Hudson Institute Locations: China, Colorado, Russia

☆ They’re cute, cuddly and coming to America: China’s newest panda diplomats headed for Washington
▼ + stars: | 2024-10-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Bao Li and Qing Bao were taken off public display and placed in quarantine on September 13 – a day after Qing Bao turned three years old. Bao Li and Qing Bao spent their last few days in Dujiangyan getting trained for their first long-haul flight. The zoo’s 24-hour Giant Panda Cam has garnered more than 100 million page views since its launch in 2000. “Giant pandas truly represent how great conservation outcomes can be achieved through great partnerships and with public support,” she said. “The international cooperation on giant pandas holds great significance,” the center said, adding that it had clarified such rumors multiple times.

Persons: Bao Li, Qing Bao, China’s, Tom Booth Qing Bao, Tom Booth, Bao, Brandie Smith, ” Smith, “, Bao Bao, Meixiang, Tian Tian, ”, Mariel Lally, “ Bao Li, Tian Tian Junior, Lally, –, Ren Zhijun, ” Ren, Evelio Contreras, CNN Ren, Ren, it’s, ” Lally, “ They’re, Richard Nixon’s, Pat Nixon, Zhou Enlai, Weeks, Ling Ling, Hsing Hsing, Cam, Mei Xiang, Xiao Qi Ji, Xi Jinping, Smith, influencers, Ya, Giant Panda Organizations: China CNN, FedEx Boeing, China Wildlife Conservation Association, CNN, Staff, Washington, Smithsonian, Washington DC, Zoo, National Zoo, US, Beijing Zoo, Memphis, San Diego Zoo, National, Memphis Zoo, China Conservation and Research Center, Giant Locations: Dujiangyan, China, Washington, Sichuan, Communist China, Beijing, San Diego, Atlanta, America, Europe, San Francisco

☆ The markets saw right through China's latest economic support hype
▼ + stars: | 2024-10-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets slumped after a 10-day rally that was driven by Beijing's stimulus announcement in September. Retail investors dominate China's markets, influencing sentiment and market movements. AdvertisementChina's top leadership has a problem with its economic stimulus: its own investors at home saw right through the hype this week. China's domestic stock markets slumped on Wednesday after a 10-day blitz culminated in a two-year high. China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume.

Persons: —, weren't, Jun Rong, that's, Vishnu, Li Qiang, Hele Qiao, Qiao Organizations: Investors, Service, People's Bank of China, Reform Commission, BofA Global Locations: Shanghai, Shenzhen, China, Hong Kong, Beijing, Asia, Japan, Xinhua, Greater China, China's

☆ Italy's Meloni vows to 'relaunch' cooperation with China
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: +1 min

Italian Prime Minister Giorgia Meloni vowed on Sunday to "relaunch" cooperation with China, signing a three-year action plan during her first official visit to Beijing since taking office. The Italian leader said her five-day trip was a "demonstration of the will to begin a new phase, to relaunch our bilateral cooperation." Later in the day Meloni said that an industrial cooperation memorandum signed by Italy and China includes strategic industrial sectors such as electric mobility and renewables. Meloni, who sees Chinese investment as a way to spur Italy's anemic economic growth, will meet Xi and China's top legislator, Zhao Leji, third in the leadership hierarchy. Meloni is expected to raise Chinese overcapacity with Chinese officials, as well as Chinese economic support for Russia in its war with Ukraine.

Persons: Giorgia Meloni, Meloni, Premier Li Qiang, Xi, Qiang, Zhao Leji, Leonardo, Gabbana Organizations: Italian, Premier, Xi Jinping's, Pirelli, ENI, Russia Locations: China, Beijing, Rome, Italy, Ukraine

☆ China says India has no right to develop contested border region
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Chinese Premier Li Keqiang meets with Indian Vice President Shri Mohammad Hamid Ansari at the Great Hall of the People in Beijing on June 28, 2014. India has no right to carry out development in the area China calls South Tibet, China's Foreign Ministry said on Wednesday in response to a Reuters report on New Delhi's plans to speed up hydropower projects in the border state. "South Tibet is China's territory," a foreign ministry spokesman said in a statement. It said India had no right to carry out development there and the establishment of what India calls Arunachal Pradesh on Chinese territory is "illegal and invalid."

Persons: Li Keqiang, Shri Mohammad Hamid Ansari Organizations: Indian, of, People Locations: Beijing, India, China, South Tibet, Tibet, Arunachal Pradesh

☆ China's premier defends national competitiveness as trade tensions simmer
▼ + stars: | 2024-06-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

China's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | ReutersDALIAN, China — Chinese Premier Li Qiang on Tuesday defended the country's technological development while criticizing efforts to restrict global cooperation. His remarks, at the opening of the World Economic Forum's "Summer Davos" meeting in Dalian, China, came amid rising tensions with the EU over imports of Chinese electric cars. Andrzej Duda, president of Poland, and Pham Minh Chinh, prime minister of Vietnam, gave remarks after Li. The Chinese premier held state-level meetings in China with the two leaders ahead of the "Summer Davos."

Persons: Li Qiang, Denis Balibouse, Li, Andrzej Duda, Pham Minh Chinh, Duda Organizations: Economic, Reuters, EU Locations: Davos, Switzerland, Reuters DALIAN, China, Dalian, U.S, Poland, Vietnam, Beijing, Washington

☆ The fertility crisis is here and it will permanently alter the economy
▼ + stars: | 2024-06-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

In the 1960s, there were six people of working age for every retired person, according to the World Economic Forum. “What you’re seeing is increased spending on programs like Medicare and Social Security as the baby boomers are aging into those programs. And then of course, fewer workers relative to the number of people who are receiving Social Security and Medicare benefits,” said Dahl. Social Security payments still provide about 90% of income for more than a quarter of older adults in the United States, according to Social Security Agency surveys. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.

Persons: it’s, Louis, Simona Paravani, ”, Elon Musk, Kimberly, Clark, Mark Schneider, he’s, Emmanuel Macron, Donald Trump, Molly Dahl, Dahl, Eric Schmidt, ” Schmidt, Goldman Sachs, Stefano Scarpetta, Li Qiang, Juliana Liu, Joyce Jiang, Li, China’s, Xi Jinping, Biden, Max Prosecutors, haven’t, Max, Read Organizations: London CNN, Organisation for Economic Co, Development, Economic, Federal Reserve Bank of St, BlackRock, Disease Control, Congressional Budget Office, CBO, Social Security, Social, Social Security Agency, Google, Summit, Federal Reserve Bank of Richmond, OECD, ” Companies, West Chinese, CNN, EV, Prosecutors, Boeing, Max, US Justice Department, Alaska Air, Justice Department, Federal Aviation Administration Locations: Chad, Niger, Somalia, Samoa, Tonga, Tajikistan, United States, London, China, Beijing, Dalian, Canada, Beijing’s “

☆ There is one year worth of demand sitting in Chinese savings: McKinsey China
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is one year worth of demand sitting in Chinese savings: McKinsey ChinaJoe Ngai, Greater China Chairman for McKinsey discusses Chinese Premier Li's speech to the World Economic Forum in Dalian, saying the world needs to get used to slower growth in China.

Persons: McKinsey China Joe Ngai Organizations: McKinsey China, McKinsey, Economic Locations: China, Dalian

☆ Li Qiang warns against ‘vicious cycle’ of China decoupling from the West
▼ + stars: | 2024-06-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN —Chinese Premier Li Qiang has warned against a “vicious cycle” of economic decoupling from the West, as Beijing struggles to contain rising global pushback over soaring electric vehicle (EV) exports. This will “drag countries … into a vicious cycle of scrambling for a cake that becomes smaller and smaller,” Li added. Last month, the Biden administration quadrupled tariffs on EV imports from China, from 25% to 100%, aiming to protect American jobs and manufacturing. Chinese EV sales to the United States are tiny.

Persons: Li Qiang, Li, ”, China’s, Xi Jinping, Biden Organizations: Hong Kong CNN, EV, European Union, Reuters, EU, Global Locations: China, Hong Kong, Beijing, Dalian, Canada, Beijing’s “, United States, European

☆ Australia's Albanese, China's Li hold 'candid' talks
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +3 min

China's Premier Li Qiang (L) and Australia's Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra on June 17, 2024. This dialogue has allowed us to build a deeper awareness of our respective interests," Albanese said in opening remarks. After the meeting, Li told reporters the leaders held a "candid, in-depth and fruitful meeting and reached a lot of consensus". Albanese told reporters after the meeting the two countries had revitalized engagement and he was "determined to keep growing our relationship where we can." watch nowOn regional issues, he had told Li that "Australia advocates that we should all work together to promote a regional balance where no country dominates and no country is dominated".

Persons: Li Qiang, Anthony Albanese, Lukas Coch, Li, Xi Jinping, " Albanese, Albanese, Gong, Tenzin Wougyal Organizations: Australia's, House, AFP, Getty Locations: Canberra, Australian, Beijing, Australia, China, Hong Kong

☆ Chinese officials’ attempt to ‘block’ formerly detained journalist mars Australia goodwill tour
▼ + stars: | 2024-06-17 | by ( Simone Mccarthy | Angus Watson | ) edition.cnn.com time to read: +6 min

CNN —Chinese Premier Li Qiang’s four-day visit to Australia this week was set to be focused on repairing long-strained relations between the two countries. But apparent efforts by Chinese officials to stand in front of an Australian reporter during a press briefing have shone a spotlight back on frictions between the countries. Beijing has also long been condemned by Western nations and rights groups for wrongful and arbitrary detentions. 2 official, to Australia is the highest-level trip to a US-allied country of any Chinese official in seven years. Speaking alongside Li following the signing ceremony, Albanese called the visit “another important step in stabilizing” the relationship.

Persons: Li Qiang’s, Cheng Lei, Li, Anthony Albanese, Cheng, I’m, ” Cheng, Albanese, ”, Yang Hengjun, Yang, Li Qiang, Lukas Coch, ” Li, Scott Morrison Organizations: CNN, Sky News Australia, Australian, Sky News, Guardian, Daily Telegraph, CGTN, Australia's, AP Pandas, Sunday, Adelaide Zoo, New Zealand Locations: Australia, China, Canberra, Beijing, Australian, US, “, New, Chinese

CNN —China will provide a new pair of giant pandas to Australia, Premier Li Qiang said on Sunday, in the latest sign of warming relations between the two countries. He said China will send a new pair of giant pandas to the zoo in Southern Australia after its current pair return to China later this year, according to Chinese state media. Australia's Foreign Minister Penny Wong (left) shakes hands with China's Premier Li Qiang as South Australian Premier Peter Malinauskas looks on at Adelaide Zoo on June 16, 2024. Giant pandas Wang Wang and Fu Ni, the only pandas in the southern hemisphere, have been on loan to Adelaide Zoo since November 2009. “They have become envoys of friendship between China and Australia, and a symbol of the profound friendship between the two peoples,” Li said in the statement.

Persons: Premier Li Qiang, Li, Scott Morrison’s, Penny Wong, Peter Malinauskas, Asanka, Wang Wang, Fu Ni, China’s, ” Li Organizations: CNN, Premier, Adelaide Zoo, ABC, Labor, Australia's, South Australian, Beijing –, Xinhua, China’s Foreign Ministry, “ Locations: China, Australia, Southern Australia, Beijing

☆ Australia orders Chinese investors to sell down stake in rare earths miner
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +3 min

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday. Northern Minerals is developing the Browns Range heavy rare earths project in Western Australia, at a time when the sector has become increasingly strategic for its uses in green energy and defence. Yuxiao Fund is the Singapore-registered private investment vehicle of Chinese national Wu Yuxiao, Reuters has previously reported. "The decision, based on advice from the Foreign Investment Review Board, is designed to protect our national interest and ensure compliance with our foreign investment framework." Chinese Foreign Minister Wang Yi said on a visit in March that he hoped Australia would ensure its market environment did not discriminate against Chinese business.

Persons: Jim Chalmers, Chalmers, Yuxiao, Wu Yuxiao, Adam Handley, Wu Tao, Ximei Liu, Xi Wang, Nick Curtis, Curtis, Premier Li Qiang, Wang Yi Organizations: Minerals, Northern Minerals, Browns, Sunday, Reuters, Investment, Board, Jinan Yuxiao Group, Stone Resources, Foreign Investment, China, Northern, Premier Locations: China, Western Australia, Yuxiao, Singapore, Jinan, Northern, Australia, Canberra, Beijing

☆ Chinese ships spend record amount of time near Japan-controlled islands, Tokyo says
▼ + stars: | 2024-05-29 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

The Japanese government chief spokesperson did not say how often Chinese ships entered Japan’s territorial waters, though foreign ships are allowed “innocent passage” through such waters. A contiguous zone extends another 12 nautical miles beyond a country’s territorial waters, the area that stretches 12 nautical miles from the shore. Foreign warships are allowed into contiguous zone waters – so the Chinese Coast Guard hasn’t broken any international agreements – but the continuous presence of the Chinese vessels there is seen as a provocation. It has frequently dispatched China Coast Guard and other government vessels to the waters around the islands to assert those claims. Hayashi, the Japanese government spokesperson, said Monday that Tokyo is answering the Chinese presence around the islands with vessels of its own.

Persons: Tokyo’s, “, Yoshimasa Hayashi, Hayashi, Fumio Kishida, Li Gongmin, ”, ” James Brown, ” Hayashi, Lai Ching, China’s, Thomas, Ferdinand Marcos Jr, Thomas Shoal, CNN’s Himari Semans Organizations: South Korea CNN, China Coast Guard, East China, Chinese Coast Guard, Ministry, Temple University, CNN, Coast Guard, Communist Party Locations: Seoul, South Korea, East, Japan, China, Tokyo, Japanese, China’s, Beijing, United States, Washington, Taiwan, Philippines, South China, Philippine, Singapore

☆ Tesla is building a huge battery factory in Shanghai even as US-China trade tensions rise
▼ + stars: | 2024-05-24 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.

Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, “ Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris

☆ Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
▼ + stars: | 2024-04-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we examine how tough the job market is for the well-paid employee . That's the current job trend, as higher-paid employees are having trouble finding work despite a historically strong labor market. iStock; Rebecca Zisser/BIThe so-called white-collar recession could also have a lasting impact on the job market for high earners. AdvertisementIt speaks to the broader theme of efficiency Big Tech companies have touted for the better part of a year .

Persons: —, Alyssa Powell, Insider's Aki Ito, BI's Emily Stewart, Aki, Rebecca Zisser, Wall, There's, Christine Ji, Kenneth Tan, Alexander Spatari, Abanti Chowdhury, Christine Ji's, Raymond James, Larry Adam, Goldman Sachs, Elon Musk, Premier Li Qiang, Beijing . Wang Ye, Musk, Li Qiang, Jensen Huang, Douglas Sacha, Getty, Bob Bakish, Shari, David Kohl, Shopify, Changpeng Zhao, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Hamptons, Big Tech, Tech, Amazon, Bank of America, Elon, Premier, AP Elon Musk's, Federal Reserve, Paramount Locations: America, Beijing ., Xinhua, China, New York, London

☆ Elon Musk wins official praise for Tesla during surprise visit to China
▼ + stars: | 2024-04-29 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.

Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, ”, Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, “, ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo

☆ Top Tesla analyst Adam Jonas says Musk's China visit means 'he's back' and fully committed to EV maker
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"Elon Musk's visit to China means far more than seeking approval for self driving tech on Chinese roads. Jonas reiterated an overweight rating on Tesla stock, alongside a $310 per share price target, implying more than 82% upside from Friday's $169.29 close. Tesla jumped as much as 14.4% on Monday following news of Musk's visit to China and meeting with Chinese Premier Li Qiang , as investors interpreted it as a sign of Musk's commitment to Tesla. To be sure, Musk's visit to China doesn't mean a breakthrough for FSD technology will come sooner. Tesla stock has faced increased pressure in 2024 on several fronts, and has still slumped 22% even after Monday's rally.

Persons: Elon, he's, Morgan Stanley's, Adam Jonas, Elon Musk's, Jonas, Tesla, Premier Li Qiang, Musk, Elon Musk, FSD Organizations: Premier, Twitter, SpaceX, Tesla Locations: China, Delaware, Beijing

☆ Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules
▼ + stars: | 2024-04-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday. Although Tesla's electric cars are some of the most popular vehicles in China, they have reportedly been banned from some government-related properties due to concerns about what data the U.S.-based automaker can collect. Tesla's press release did not specify which local authorities had removed restrictions on the cars. The Biden administration earlier this year announced a probe into whether imported cars from China pose national security risks due to their ability to potentially collect data about the U.S. and send it back to China. Tesla's vehicles were not the only ones that passed the data security rules.

Persons: Elon Musk, Tesla, Porte, Premier Li Qiang, Biden, Li Auto, Nio Organizations: Twitter, Viva Technology, Porte de, BEIJING — Local, Premier, Tesla's, China Association of Automobile Manufacturers, National Computer Network, Coordination Center of China Locations: Paris, France, BEIJING, China, Beijing

☆ The US is preparing to hit back at China's glut of cheap solar panels by targeting its allies
▼ + stars: | 2024-04-24 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The world is awash in solar panels after Chinese-owned firms flooded the market with cheap exports. Companies including Qcells, First Solar, and Swift Solar on Wednesday asked the Biden administration to slap tariffs on solar cells from four countries in Southeast Asia. The US solar companies allege that Chinese-owned firms operating in Cambodia, Malaysia, Thailand, and Vietnam are illegally undercutting the market. The petition by US solar companies — known as an anti-dumping and countervailing duty case — could lead to that. The probe will help determine whether solar panels were sold in the US at prices below the cost of production.

Persons: Biden, we've, Tim Brightbill, Wiley Rein, Joe Biden, Janet Yellen, Yellen, Premier Li Qiang Organizations: Service, Companies, Wednesday, Business, Wiley, China, Industry, Commerce Department, US Commerce Department, International Trade Commission, Premier, New York Times Locations: Southeast Asia, Cambodia, Malaysia, Thailand, Vietnam, Germany, America, Massachusetts, China

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

Search resuls for: "Chinese Premier"

25 mentions found