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☆ Beijing blasts 'protectionist' EU probe as China EV stocks slide
  + stars: | 2023-09-14 | by ( Brenda Goh Ryan Woo | Brenda Goh | Ryan Woo | ) www.reuters.com   time to read: +6 min
Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.
Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong
☆ Putin, Xi to attend virtual SCO summit hosted by India's Modi
  + stars: | 2023-07-04 | by ( Krishn Kaushik | Thomson Reuters | Krishn Reports On Politics | ) www.reuters.com   time to read: +3 min
Putin spoke to Modi in a call last week to discuss the aftermath of the quashed mercenary mutiny. The summit on Tuesday will also see Modi sharing the virtual stage with Xi for the first time since November when the two leaders were present for the G20 summit in Indonesia. It will also bring Modi face to face online with his Pakistani counterpart Shehbaz Sharif, 10 months after they both attended the SCO summit in Uzbekistan. New Delhi announced last month that the summit will be held virtually, without providing any justification. SCO member nations are expected to discuss Afghanistan, terrorism, regional security, climate change and digital inclusion, among other topics.
Persons: Xi Jinping, Vladimir Putin, Wagner, Narendra Modi, Joe Biden, Putin, Modi, Uzbekistan Modi, Xi, Biden, Shehbaz Sharif, Krishn Kaushik, William Maclean Organizations: Shanghai Cooperation Organisation, Belarus, China’s, SCO, Indian, U.S, Foreign, Thomson Locations: DELHI, India, Iran, China, Russia, Soviet, Pakistan, Eurasia, Belarus, Moscow, Europe, Asia, Ukraine, Uzbekistan, New Delhi, Indonesia, Uzbekistan . New Delhi, Kazakhstan, Afghanistan, Goa, Kashmir
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