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☆ Tiger testicles and mythical banquets: What China’s emperors inside Beijing’s secretive Forbidden City really ate
▼ + stars: | 2024-07-16 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +21 min

CNN —The Forbidden City was once one of the most powerful places on the planet. It was called the ‘Forbidden City’ because few Chinese subjects were allowed to enter. Ancient tableware from the Forbidden City is on display at the Hong Kong Palace Museum. “The majority of (the emperors) grew up in a highly disciplined environment,” says Wang of the Hong Kong Palace Museum. Now popular worldwide, Peking duck was regularly served at Empress Dowager Cixi's Forbidden City banquets.

Persons: Zhao Rongguang, Bin Xiao Zhao, Deng Xiaoping, Beijing . Zhao, wasn’t, Zhao, Kangxi Emperor, VCG Wilson, Kangxi, ”, Qianlong Emperor, Giuseppe Castiglione, –, Qianlong, Daisy Yiyou Wang, Maggie Wong, Nicole Chiang, ” Chiang, Chiang, Emperor Qianlong, it’s, “, ” Zhao, It's, didn’t, Wang, Dowager Cixi, Empress Dowager Cixi –, Cixi, China’s, Han Quan Xi, ’ ”, Dowager, Tian, Yan ”, suckling, Tian An Yan, Leah Abucayan Organizations: CNN, Historical, of China, Beijing's, Hong Kong Palace Museum, Hong, Forbidden, Hong Kong, Museum, Everett, Communists, China Import, Fair, Communist Locations: Europe, Beijing, China, Chinese, Heilongjiang, Paris, Beijing ., Prosperity, Netherlands, Italian, City, Hong Kong, It’s, Beijing’s, Forbidden City, Jiangnan, Hangzhou, Shanghai, Mongolia, Qianlong, Guangzhou, Japan, East Asia, Peking, Imperial

☆ Chinese automakers expected to achieve 33% global market share by 2030
▼ + stars: | 2024-06-27 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Much of the growth, from a forecast 21% market share this year, is expected to come outside of China. The rapid expansion of Chinese automakers is a growing concern for legacy automakers and politicians globally. In North America, Chinese automakers are forecast to only achieve a 3% market share, largely in Mexico, where one in five vehicles are expected to be Chinese brands by 2030. In most other major regions of the world, AlixPartners reports that the share of Chinese automakers is expected to exponentially grow. Chinese brands in China also are expected to grow from 59% to 72% in market share, according to AlixPartners.

Persons: AlixPartners, Mark Wakefield Organizations: Auto Guangzhou, China Import, Export, Visual China, Getty Images, AlixPartners, General Motors, Nurphoto, Getty Locations: Guangzhou, Guangdong Province of China, China, Japan, North America, U.S, AlixPartners, Mexico, Central, South America, Southeast Asia, East, Africa, Bangkok, Nonthaburi Province, Thailand

☆ China wants EU to scrap planned higher tariffs and 'abide by WTO rules,' state media reports
▼ + stars: | 2024-06-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. The ideal outcome China wants is for the European Commission to revoke its tariff decision by July 4 and adhere to World Trade Organization rules, Global Times reported, quoting observers. China has firmly opposed the tariffs, saying the move was "blatant protectionism" and could violate WTO rules, its commerce ministry said on June 14. A Chinese official told CNBC last week that the EU's probe into Chinese EVs was overly selective and that the results were not credible. Read the full report on Global Times.

Persons: Chen Yihang, Wang Wentao, Valdis Dombrovskis, EVs Organizations: Auto Guangzhou, China Import, Export, Getty Images, Union, Global Times, European Commission, World Trade Organization, EV, CNBC Locations: GUANGZHOU, CHINA, Guangzhou, Guangdong Province of China, China, Beijing

The Global Cooling Pledge – set to be announced at the upcoming United Nations climate summit, COP28 – represents a tough request given the cooling industry is only expected to grow. The emissions from both the refrigerants and the energy used in cooling now account for about 7% of global greenhouse gas emissions, and are expected to triple by 2050 as temperatures continue to rise. "We need cooling, but it has to become more efficient," UNEP Cool Coalition global coordinator Lily Riahi said. Another 13 commitments outlined in the draft pledge include establishing minimum energy performance standards for air conditioning by 2030, and including cooling emissions in countries' overall climate action plans, called Nationally Determined Contributions. The UNEP estimates that global efforts to tackle cooling emissions could have a significant impact by 2050, avoiding the release of up to 86 billion metric tonnes of carbon dioxide equivalent.

Persons: Tyrone Siu, –, Noah Horowitz, Lily Riahi, Gloria Dickie, Katy Daigle, Alexandra Hudson Organizations: China Import, Export Fair, Canton Fair, REUTERS, Reuters, United, Programme's, Cool Coalition, International Energy Agency, UNEP, Coalition, Alexandra Hudson Our, Thomson Locations: Canton, Guangzhou, China, India, United States, Nations, United Arab Emirates, Kigali, Montreal, Dubai, London

☆ Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
▼ + stars: | 2023-08-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker's shares down more than 7% in premarket U.S. trade. The net loss was wider than the 2.7 billion yuan ($370.7 million) loss reported in the second quarter of last year. It was also the biggest quarterly loss that Xpeng has posted since going public in August 2020. Here's how Xpeng did against Refinitiv consensus estimates for the second quarter:Net loss: 2.8 billion yuan loss vs. 2.13 billion yuan loss expectedRevenue: 5.06 billion Chinese yuan ($693.7 million) vs. 5.06 billion yuan expected, representing a 31% year-on-year fall. Xpeng's is hoping its latest car — the G6 Ultra Smart Coupe SUV — which was launched at the end of the second quarter, will boost margins.

Persons: Xpeng, Li Auto, Brian Gu Organizations: Guangzhou International Automobile, China Import, Tesla Locations: Guangzhou, Guangdong Province of China, premarket U.S, China

[1/3] A staff member attends to visitors at an oven retailer at the China Import and Export Fair, also known as Canton Fair, in Guangzhou, Guangdong province, China April 16, 2023. REUTERS/Ellen ZhangGUANGZHOU, April 16 (Reuters) - Chinese exporters exhibiting their products at the country's largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. Lin said the company cannot afford to sell at lower prices, but it may look to reduce labour costs. Vicky Chen, foreign trade manager at socket producer Qinjia Electric, said she did not expect a big sales boost at the fair, which runs until May 5. "The whole global economy is fairing poorly at the moment, and the fair won't change that."

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