Tag #China

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welt.de

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Jul 18, 16:17

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

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Decent Work and Economic Growth

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What immediate actions is Porsche taking to address its declining profitability, and what are the most significant consequences?

Porsche's CEO, Oliver Blume, announced a new round of cost-cutting measures due to a challenging market environment and slower-than-expected e-mobility transition. The company's first-quarter 2025 operating profit dropped 40.6 percent to €0.76 billion, and a second structural package will be negotiated in the second half of 2025.

europe.chinadaily.com.cn

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Jul 18, 04:12

China's Green Tech Patent Surge: 53,000 Granted in 2024

China granted 53,000 green technology invention patents in 2024, double the 2020 figure, with clean energy and energy storage sectors showing the most significant growth; four Chinese companies ranked among the world's top 10.

China's Green Tech Patent Surge: 53,000 Granted in 2024

China granted 53,000 green technology invention patents in 2024, double the 2020 figure, with clean energy and energy storage sectors showing the most significant growth; four Chinese companies ranked among the world's top 10.

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Climate Action

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What is the significance of China's sharp increase in green technology patents in 2024?

China granted 53,000 green technology invention patents in 2024, double the 2020 figure, reflecting a 19.2 percent average annual growth rate. This surge was driven by clean energy and energy storage sectors, experiencing the highest increases among all green technology categories.

smh.com.au

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Jul 18, 07:14

Xiaomi's SU7 EV: Early Success Amidst Challenges

Xiaomi's SU7 EV launch, despite copycat allegations and a fatal accident, shows strong sales in China, fueled by brand loyalty and aggressive talent acquisition from established automakers; international expansion is planned from 2027.

Xiaomi's SU7 EV: Early Success Amidst Challenges

Xiaomi's SU7 EV launch, despite copycat allegations and a fatal accident, shows strong sales in China, fueled by brand loyalty and aggressive talent acquisition from established automakers; international expansion is planned from 2027.

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Industry, Innovation, and Infrastructure

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What are the immediate impacts of Xiaomi's successful SU7 launch on the Chinese EV market and its competitive landscape?

Xiaomi's entry into the electric vehicle (EV) market, marked by the successful launch of the SU7, leverages its strong brand recognition among young Chinese consumers. However, the company faces challenges in scaling production and navigating international expansion, given the capital intensity and complexities of the auto industry.

europe.chinadaily.com.cn

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Jul 18, 07:14

China Proposes Massive Fiscal Expansion for Economic Rebalancing

Chinese economists propose a 30-50 trillion yuan sovereign bond issuance to restructure local government debt, fund affordable housing, aid worker transitions, and manage overcapacity, aiming to stimulate domestic demand and rebalance the economy.

China Proposes Massive Fiscal Expansion for Economic Rebalancing

Chinese economists propose a 30-50 trillion yuan sovereign bond issuance to restructure local government debt, fund affordable housing, aid worker transitions, and manage overcapacity, aiming to stimulate domestic demand and rebalance the economy.

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Reduced Inequality

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What are the key proposals for China's fiscal expansion and their immediate economic impacts?

Leading economists advocate for significant fiscal expansion in China, proposing 30-50 trillion yuan in sovereign bond issuances over 2-3 years to address local government debt, boost affordable housing, and aid worker transitions. This aims to stimulate domestic demand and economic rebalancing, impacting consumption and investment.

dailymail.co.uk

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Jul 18, 16:17

Leapmotor Undercuts Dacia to Become UK's Cheapest EV Maker

Leapmotor, a Chinese EV maker, has launched a temporary price cut of up to £3,750 on its T03 and C10 models, making the T03 the UK's cheapest EV at £14,495, undercutting Dacia's Spring, due to uncertainty surrounding eligibility for the UK government's new Electric Car Grant.

Leapmotor Undercuts Dacia to Become UK's Cheapest EV Maker

Leapmotor, a Chinese EV maker, has launched a temporary price cut of up to £3,750 on its T03 and C10 models, making the T03 the UK's cheapest EV at £14,495, undercutting Dacia's Spring, due to uncertainty surrounding eligibility for the UK government's new Electric Car Grant.

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Affordable and Clean Energy

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What is the immediate impact of Leapmotor's price cuts on the UK's electric vehicle market?

Leapmotor, a Chinese electric vehicle (EV) manufacturer, has launched a temporary price reduction of up to £3,750 on its T03 and C10 models, making the T03 the UK's cheapest EV at £14,495. This undercuts Dacia's Spring by £500. The discounts mirror the UK government's new Electric Car Grant, though Leapmotor's eligibility for the grant remains uncertain.

europe.chinadaily.com.cn

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Jul 18, 07:14

Record Passenger Trips on China's Railways in First Half of 2024

China's railway system achieved a record 2.24 billion passenger trips in the first half of 2024, a 6.7% increase year-on-year, driven by expanded infrastructure, improved services, and increased cross-border travel, boosting national mobility and economic growth.

Record Passenger Trips on China's Railways in First Half of 2024

China's railway system achieved a record 2.24 billion passenger trips in the first half of 2024, a 6.7% increase year-on-year, driven by expanded infrastructure, improved services, and increased cross-border travel, boosting national mobility and economic growth.

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Sustainable Cities and Communities

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How did the expansion of China's railway network and service diversification contribute to the increase in passenger trips?

The increase in passenger trips reflects improvements across China's railway network, including expanded high-speed and conventional lines, new routes (like the Chongqing-Xiamen high-speed railway), and the launch of 121 new Fuxing bullet trains. This expansion is further evidenced by a 7.5% rise in daily passenger train operations, averaging 11,183 trains per day. The success is also driven by targeted initiatives like the expansion of cross-border rail links and tourism-focused train services.

elpais.com

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Jul 18, 07:14

Wang Huning: The Ideologue Shaping China's Rise

Wang Huning, a key advisor to Xi Jinping, rose to power within the Chinese Communist Party, his analysis of US societal divisions in his 1991 book, "America Against America," proving prescient and informing China's current policies.

Wang Huning: The Ideologue Shaping China's Rise

Wang Huning, a key advisor to Xi Jinping, rose to power within the Chinese Communist Party, his analysis of US societal divisions in his 1991 book, "America Against America," proving prescient and informing China's current policies.

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Reduced Inequality

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What is the significance of Wang Huning's prominent role in the Chinese Communist Party's leadership?

Wang Huning, a key advisor to Xi Jinping, significantly rose in power, becoming a member of the Politburo Standing Committee in 2017. His influence stems from his ideological contributions, shaping slogans and theories underpinning China's current system.

dailymail.co.uk

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Jul 18, 04:12

Albanese's China Visit: Focus on Chengdu, Building Bridges Despite Disagreements

Australian Prime Minister Anthony Albanese concluded a six-day tour of China, visiting Chengdu to emphasize the nation's diversity and economic potential, aiming to improve bilateral relations despite ongoing disagreements on issues such as military exercises and foreign investment.

Albanese's China Visit: Focus on Chengdu, Building Bridges Despite Disagreements

Australian Prime Minister Anthony Albanese concluded a six-day tour of China, visiting Chengdu to emphasize the nation's diversity and economic potential, aiming to improve bilateral relations despite ongoing disagreements on issues such as military exercises and foreign investment.

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Reduced Inequality

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What are the immediate impacts of Prime Minister Albanese's visit to China on Australia-China relations?

China isn't just Beijing or Shanghai, any more than Australia is Sydney or Melbourne." This statement by Prime Minister Albanese highlights the diversity within both nations, emphasizing the significance of his visit to Chengdu, a major high-tech and cultural hub. His six-day tour focused on building relationships and fostering economic cooperation, aiming to improve bilateral relations.

abcnews.go.com

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Jul 18, 16:17

China Cracks Down on Rare Earth Smuggling, Citing National Security

China's Ministry of State Security launched a crackdown on rare earth mineral smuggling, alleging foreign espionage and utilizing sophisticated concealment methods, impacting global supply chains amid ongoing US-China trade tensions.

China Cracks Down on Rare Earth Smuggling, Citing National Security

China's Ministry of State Security launched a crackdown on rare earth mineral smuggling, alleging foreign espionage and utilizing sophisticated concealment methods, impacting global supply chains amid ongoing US-China trade tensions.

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Responsible Consumption and Production

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How do the methods used in the alleged smuggling operation reveal the strategic importance of rare earth minerals?

This action is linked to broader trade tensions between China and the U.S., with China using rare earth exports as leverage in response to U.S. tariffs and technology restrictions. The smuggling methods involved sophisticated concealment techniques, highlighting the strategic importance of these minerals and the determination to control their flow.

nos.nl

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Jul 18, 13:14

EU Imposes Strict New Sanctions on Russia

The EU agreed on a new sanctions package against Russia, targeting Russian and Chinese banks, drone technology exports, and lowering the price cap on Russian oil; Slowakia initially opposed but later agreed, leading to one of the strictest packages yet.

EU Imposes Strict New Sanctions on Russia

The EU agreed on a new sanctions package against Russia, targeting Russian and Chinese banks, drone technology exports, and lowering the price cap on Russian oil; Slowakia initially opposed but later agreed, leading to one of the strictest packages yet.

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Peace, Justice, and Strong Institutions

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What are the key components of the new EU sanctions package against Russia, and what is their immediate impact?

The EU has agreed on a new sanctions package against Russia, including measures targeting Russian and Chinese banks, technology exports used in drones, and a reduced price cap on Russian oil. Slowakia initially opposed the package but eventually agreed, leading to one of the strictest sanctions packages to date.

usa.chinadaily.com.cn

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Jul 18, 04:12

China's Green Tech Patents Double in 2024

China's green and low-carbon technology invention patents granted in 2024 doubled compared to 2020, reaching 53,000, showcasing a 19.2 percent average annual growth rate, with clean energy and energy storage leading the surge. Four domestic companies ranked among the world's top 10 for green and low...

China's Green Tech Patents Double in 2024

China's green and low-carbon technology invention patents granted in 2024 doubled compared to 2020, reaching 53,000, showcasing a 19.2 percent average annual growth rate, with clean energy and energy storage leading the surge. Four domestic companies ranked among the world's top 10 for green and low...

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Climate Action

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What is the extent of China's recent growth in green technology patents, and what are the immediate global implications?

China's green technology innovation surged during 2021-2025, with 53,000 invention patents granted in 2024—double the 2020 figure. This reflects a 19.2 percent average annual growth rate, driven by clean energy and energy storage sectors experiencing the highest increases.

dutchnews.nl

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Jul 18, 16:17

Louis Vuitton Suspected in €3 Million Money Laundering Scheme

The Dutch public prosecution service is investigating Louis Vuitton for money laundering after a Chinese woman allegedly used its stores to launder around €3 million through multiple cash purchases below the reporting threshold, aided by a suspected Louis Vuitton staff member; the funds originated f...

Louis Vuitton Suspected in €3 Million Money Laundering Scheme

The Dutch public prosecution service is investigating Louis Vuitton for money laundering after a Chinese woman allegedly used its stores to launder around €3 million through multiple cash purchases below the reporting threshold, aided by a suspected Louis Vuitton staff member; the funds originated f...

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Reduced Inequality

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How does the Daigou trading system facilitate money laundering, and what is its estimated scale?

This case highlights the vulnerability of luxury brands to money laundering schemes using the Daigou trading system, where goods are purchased abroad and sent to China to avoid import taxes. The woman allegedly received funds from a convicted underground banker. This method is used by criminal underground bankers to launder funds, and the estimated value of the Daigou market is over €74 billion.

Showing 181 to 192 of 7,513 results