Yuan

India-China Trade Dips By Nearly $3 Billion In 2019

Business | Press Trust of India | Tuesday January 14, 2020

China's exports to India increased by 2.1 per cent last year totalling to 515.63 billion yuan while India's imports to China decreased by 0.2 per cent.

US Removes Currency Manipulator Label On China Ahead Of Trade Deal

World News | Agence France-Presse | Tuesday January 14, 2020

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict.

Tesla Announces Price Cut for China-Made Model 3 Before Delivery

Reuters | Friday January 3, 2020

Tesla has cut the starting price for its China-made Model 3 sedans by 16 percent to 299,050 yuan ($42,919) after receiving Chinese subsidies for electric vehicles, according to its China website.

Xiaomi to Invest $7 Billion in 5G, AI, and IoT Over Next 5 Years

Reuters | Thursday January 2, 2020

Xiaomi will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation Internet technologies over the next five years, as competition in the sector grows.

Tesla Delivers First China-Made Model 3 Sedans In Just Under A Year

Reuters | Monday December 30, 2019

Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for global automakers in China, and said it would ramp up deliveries from next month.

China Fines Toyota 87.6 Million Yuan Over Lexus Price-Fixing

Reuters | Friday December 27, 2019

China's market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website. The decision comes as China steps up-regulation over auto sales in the world's biggest vehicle market, where more than 28 millio...

Bruce Lee's Daughter Sues Chinese Food Chain For Using Her Father's Image

World News | Reuters | Friday December 27, 2019

A firm run by the daughter of Bruce Lee,Shannon Lee, has sued a Chinese fast food for using the late kungfu star's image in its logo without permission and is seeking over 210 million yuan ($30 million) in compensation, Chinese media outlet The Paper reported.

Tesla Secures $1.29 Billion Loan From Chinese Banks For Shanghai Factory

Reuters | Friday December 27, 2019

Besides construction and production at the Shanghai factory, the loan may also be used to repay the 3.5 billion yuan debt due to be repaid on March 4 next year.

Elon Musk's Tesla Said to Take New $1.4 Billion Loan From Chinese Banks for Shanghai Factory

Reuters | Monday December 23, 2019

US electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan.

Melania Trump's White House Christmas Decorations Are A Monochromatic Wonderland

World News | Jada Yuan, The Washington Post | Tuesday December 3, 2019

Melania Trump's theme for this year's White House Christmas decorations was "The Spirit of America," and judging from the display at the traditional press preview this morning, that spirit is monochromatic.

L'Oreal, Nestle Score Big At Alibaba's Singles' Day Shopping Fest

Business | Reuters | Tuesday November 12, 2019

Alibaba said on Tuesday that 299 brands surpassed 100 million yuan in gross merchandise value.

Alibaba Singles' Day Sales Hit $23 Billion In First Nine Hours

Business | Reuters | Monday November 11, 2019

Sales hit $1 billion in the first minute and eight seconds and reached 84 billion yuan in the first hour, up 22% from last year's early haul of 69 billion yuan.

Alibaba Singles' Day Sales Hit $12 Billion Within First Hour

World News | Reuters | Monday November 11, 2019

Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles' Day shopping blitz hit 84 billion yuan ($12 billion) within the first hour, up 22% from last year's early haul of 69 billion yuan.

China Rolls Out World's Largest 5G Mobile Phone Network

World News | Shirley Zhao, Bloomberg | Thursday October 31, 2019

China's three state-owned wireless carriers debuted 5G mobile phone services Thursday, a milestone in the country's push to become a technology power even as it remains locked in a trade war with the U.S. China Mobile Ltd., the country's largest carrier, unveiled its network in 50 cities including Beijing, Shanghai and Shenzhen, with packages price...

Tesla Starts Selling China-Made Model 3 With Autopilot Function

Reuters | Friday October 25, 2019

U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company's cheapest model on sale in the country, the official website showed.