Government News
China-Led First Int’l Self-Driving Vehicle Test Standard Is Released - October 16, 2022
The first China-led international standard for autonomous driving test scenarios was released this month. It will be widely used in research, development, testing, and management of self-driving vehicle technologies and products for smart connected vehicles worldwide.
Guotai Junan Takes Over Hua An, Becomes First Chinese Brokerage With Two Public Fund Licenses - October 16, 2022
Guotai Junan Securities has been given the greenlight to take a majority stake in Hua An Fund Management, making it the first Chinese securities firm to operate two licensed public fund managers.
China’s Car Exports Hit New High in First Nine Months Driven by Strong NEV Sales - October 16, 2022
China’s Car Exports Hit New High in First Nine Months Driven by Strong NEV SalesChina’s automobile exports reached a record high in the first three quarters on the back of surging sales of new energy
Tesla Posts Record China Monthly Sales on Easing Supply Chain Bottlenecks, Higher Output - October 16, 2022
Tesla reported its highest single-month sales in China last month, as supply chain constraints eased and the US electric car giant increased production at its Shanghai plant.
5 new Chinese manufacturing sites join WEF lighthouse network - October 12, 2022
Eleven new manufacturing sites have joined as lighthouses in the World Economic Forum's Global Lighthouse Network, of which five are from China, the WEF announced on Tuesday.
China's Asia-Potash Teams With Huawei to Make Mines Smart - October 12, 2022
Asia-Potash International Investment, one of the largest potassic fertilizer suppliers in China, will cooperate with Huawei Technologies on smart mining, including a project in Laos.
Chinese Investing, Home Buying Sentiments Improved in Third Quarter - October 12, 2022
Chinese residents' willingness to invest money and purchase housing recovered in the third quarter as the country’s economy is improving, based on the findings of surveys compiled by the central bank.
Yiwu Merchant: Christmas Item Export Orders Recover to Pre-Pandemic Levels - October 12, 2022
With the recovery in overseas consumer markets, the eastern Chinese city of Yiwu, known as the world’s small goods capital, has seen Christmas orders this year return to pre-pandemic levels, according to a local merchant.
Home Loan Rates Fall Below 4% in Some Chinese Cities Amid Policy Easing - October 12, 2022
Amid general easing of real estate market policies, many cities in China have reduced the lower limit of home purchase commercial loan rates and housing provident fund loan rates, with the minimum interest rate for first-home loans in some cities dropping below 4 percent.
Chinese Regulators Summon Silicon Firms Again to Warn Against Pumping Up Prices - October 12, 2022
Chinese regulators have cautioned leading silicon producers against price manipulation through the hoarding of supplies for the second time in two months, as the price of the raw material used to make solar panels continues to skyrocket.
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