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Top related persons:
Hugo Hu - 1 China haven't - 1 Craig Zeng - 1 Zeng - 1 Nomura - 1
Top related locs:
Shanghai BEIJING Beijing China
Top related orgs:
Getty - 1 CNBC - 1 International Energy Agency - 1 State Council - 1

Search resuls for: "Hugo Hu"


2 mentions found


☆ China’s new EV subsidies might not be enough to bolster slowing growth
  + stars: | 2023-06-22 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Cadillac advertises for its electric car in Shanghai on May 23, 2023. Hugo Hu | Getty Images News | Getty ImagesBEIJING — Subsidies for electric cars aren't enough to boost growth in China's slowing economy. One of the few detailed stimulus plans Beijing has announced this year extends tax breaks for electric car purchases, according to documents released Wednesday. He was speaking about the electric car market in general. China still leads globally in the installation of public fast charging stations – almost 90% of the global growth in such chargers last year, the IEA said.
Persons: Hugo Hu, China haven't, Craig Zeng, Zeng, Nomura Organizations: Getty, CNBC, International Energy Agency, State Council Locations: Shanghai, BEIJING, Beijing, China
☆ China's big cities are starting to look past Covid, while rural areas brace for infections
  + stars: | 2023-01-06 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Subway passenger traffic in Shanghai is quickly returning to levels seen before the latest Covid wave, according to Wind data. Subway and road data show traffic in major cities is rebounding, he pointed out, indicating the worst of the latest Covid wave has passed. "The dramatic U-turn in China's Covid policy since mid-Nov implies deeper short-term economic contraction but faster reopening and recovery," Hu said in a report Wednesday. In the last several days, the southern city of Guangzhou and the tourist destination of Sanya said they'd passed the peak of the Covid wave. watch nowChongqing was the most congested city in mainland China during Thursday morning's rush hour, according to Baidu traffic data.
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