BEIJING : China's BYD Co Ltd on Friday announced new sub-brand FANG CHENG BAO for its new energy vehicle models. It expects to launch the first model of the new sub-brand as an SUV code-named SF this year, BYD said in a statement.
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China's biggest state banks cut interest rates on yuan depositsBEIJING : China's biggest banks on Thursday said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial and Commercial Bank of China Ltd, Agricultural Bank of China Ltd, Bank of China Ltd and China Cons
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China's biggest state banks cut interest rates on yuan depositsBEIJING: China's biggest banks on Thursday (Jun 8) said they have lowered their interest rates on yuan deposits, action that could ease pressure on profit margins and make room for reduced lending costs. Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Constructi
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For Musk and other foreign CEOs visiting China, silence is goldenSHANGHAI/BEIJING — A veritable parade of overseas CEOs including Tesla's Elon Musk and Goldman Sachs' David Solomon have made their way to a reopened China in the last few months. One notable common strand: they've not talked much in public about their trips which have mostly consisted of meetings with government officials, local staff and business partners. Media events and...
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Self-made millionaire sits China's university exams for 27th timeBEIJING — Among the millions of fresh-faced high schoolers sitting China's dreaded 'gaokao' college entrance exam on Wednesday (June 7), Liang Shi sticks out like a sore thumb – a grey-haired, self-made millionaire stubbornly taking the test for the 27th time.
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Analysis - For Musk and other foreign CEOs visiting China, silence is goldenSHANGHAI/BEIJING : A veritable parade of overseas CEOs including Tesla's Elon Musk and Goldman Sachs' David Solomon have made their way to a reopened China in the last few months. One notable common strand: they've not talked much in public about their trips which have mostly consisted of meetings with go
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Asia stocks gain on hopes for China stimulus, Fed pauseHONG KONG : Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.7 per cent in the morning.China's benchmark equity index rose 0.3 p
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