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BUSINESSOct 11Why are mainland China’s tax officials suddenly so interested in my Hong Kong MPF?For the past few months, this newspaper has extensively covered China’s ongoing clampdown on tax avoidance, especially its push to tax the income of super-rich families held in offshore trusts. We never expected to become targets of the campaign ourselves. But there have been signs in recent weeks that officials are starting to take an interest even in the incomes of South China Morning Post journalists, with several of us being contacted by the tax man. First, a colleague with our Beijing...South China Morning Post
BUSINESSOct 11Japan’s Sumitomo Bakelite expands China chip packaging materials output amid AI boomJapanese semiconductor materials giant Sumitomo Bakelite plans to expand production of advanced chip packaging materials in China and Singapore, marking the second such announcement for its Chinese operations in less than four months as artificial intelligence drives demand for more sophisticated semiconductors. The Tokyo-based company said on Friday that it would add production lines for mould underfill (MUF) materials and compression-moulding granules at its facilities in Suzhou, eastern...South China Morning Post
BUSINESSOct 11Could Thai durian export duty mean higher prices, higher quality in China?A Thai government proposal to charge export duties on durians, a major cash crop, could raise prices for the fruit in China – its primary market – along with the quality, analysts said. Thailand’s draft bill to establish a fund for research and “sustainable” development of the durian sector would include the collection of fees, the government’s public relations department said last month. Southeast Asian media outlets and agricultural publications have tipped the export duty to be as high as 2...South China Morning Post
BUSINESSOct 10China passenger vehicle retail market slumps 24% in SeptemberChina's passenger vehicle retail market experienced a significant decline of 24% in September. This indicates a notable downturn in a key sector of the Chinese economy.Seeking Alpha Tech
BUSINESSOct 10VanEck China Bond ETF $CBON Stock: Client First Investment Management LLC Increases HoldingsClient First Investment Management LLC increased its holdings in VanEck China Bond ETF (NYSEARCA:CBON – Free Report) by 148.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,045 shares of the company’s stock after buying an additional 72,413 shares during […]dailypolitical · united states of america
BUSINESSOct 10"View from Elsewhere" N°191 - Facing China, the coming trade warLETTRE EXCLUSIVE ABONNÉS - La revue de presse européenne, par Édouard de Mareschal.Le Figaro International
BUSINESSOct 10Can China’s dancing robots swing some new business partners in Africa?At events marking China’s National Day in Africa on October 1, robots provided the entertainment. In Luanda, Angola, dancing robots amused guests and ambassador Zhang Bin called the industry “a small snapshot of the Chinese economy’s move towards innovation and higher-quality development”. In Brazzaville, Congo, nearly 400 guests – including Congolese officials and Chinese business representatives – watched on as a robot dog performed. Guests also interacted with a robot dog at a Chinese New...South China Morning Post
BUSINESSOct 9Port of LA, key US point for China imports has best-ever quarter despite trade uncertaintyThe Port of Los Angeles, the largest container port in the United States and the country’s leading gateway for imports from China and other Asian countries, had its busiest three-month period on record from July through to September, despite persistent uncertainty over tariffs and shifting global trade supply chains. “If there was ever a time for a drum roll, this is it,” said Gene Seroka, executive director of the Port of Los Angeles, during a media briefing on Friday. “July through September...South China Morning Post
BUSINESSOct 9China, EU reach deal to 'moderate' China's car exports to EUAn agreement between the EU and China would reduce exports of Chinese electric and plug-in hybrid cars to the 27-member European bloc by up to 50%, according to the EU trade envoy.DW News [en]
BUSINESSOct 9Midday Need to Know: Delta slides on earnings miss, Tesla gains on China sales & moreThis article summarizes midday market movements, noting Delta's stock decline due to missed earnings and Tesla's gains from China sales. It provides a snapshot of current significant company financial news.Seeking Alpha Tech
BUSINESSOct 9EU and China strike deal to curb car exports and avert trade warBrussels claims Beijing will more than halve hybrid vehicle exports as bloc secures concessions on rare earths and market accessIrish Times World
BUSINESSOct 9EU-China understanding could halve Chinese hybrid car exportsAn understanding between the EU and China has the potential to reduce Chinese hybrid car exports by half. This suggests a significant impact on international trade and the automotive market.Seeking Alpha Tech
BUSINESSOct 9China and EU avert trade conflict with ‘understanding’ on hybrid carsEuropean trade commissioner says Beijing has agreed to restrict vehicle exports in deal that shows negotiation ‘brings results’Financial Times
BUSINESSOct 9China and EU agree on hybrid cars, rare earths after trade talksBoth sides said they would adhere to 'procedures concerning company price undertakings' of hybrid cars in a joint statement released on Friday. Beijing also committed to continuing the supply of vital items such as rare earth minerals to the EU.Le Monde [en]
BUSINESSOct 9China and Europe agree to cut Chinese hybrid vehicle exports by halfEurope's trade chief Maroš Sefčovič cast the two days of talks with China's Commerce Minister Wang Wentao in Beijing as a positive first step.CNBC
BUSINESSOct 9Tesla’s China-made EV sales rise as Europe recovery continuesTesla's electric vehicle sales manufactured in China are increasing, coinciding with an ongoing recovery in the European market. This indicates positive sales trends for the company in key international markets.Seeking Alpha Tech
BUSINESSOct 9EU and China clinch deal over cars after heated trade talks as Brussels pushes to rebalance tradeEU Trade Commissioner Maroš Šefčovič described the deal as marking the end of the “first phase” of negotiations. Brussels is pushing for a fundamental rebalancing in trade relations with Beijing.EuroNews [en]
BUSINESSOct 9China and the EU have reached an agreement on hybrid cars, according to BeijingHandelskommissar Maroš Šefčovič bemüht sich um eine Zusage aus Peking, den boomenden Export chinesischer Plug-in-Hybrid-Elektrofahrzeuge nach Europa einzudämmen.Politico Europe
BUSINESSOct 9China and EU reach ‘understanding’ on hybrid vehicles after crunch trade talksThe European Union and China “reached an understanding” on trade in hybrid electric vehicles during marathon negotiations in Beijing on Friday, China’s commerce ministry said in a statement. Beijing is “willing to continue” fast-tracking licenses for rare earth mineral exports to Europe, while the sides will continue negotiations on reducing tariffs and creating minimum price deals that would allow Chinese electric vehicles to enter the EU market at a lower duty rate, according to the...South China Morning Post
BUSINESSOct 9China says it reaches ‘understanding’ with EU on hybrid carsTrade Commissioner Maroš Šefčovič says the agreement could prevent millions of Chinese vehicles from entering the European market over the next four years.Politico Europe
BUSINESSOct 9As China and the EU begin crunch trade talks, optimism is in short supplyObservers on both sides are braced for more turbulence – and mainly hope Beijing and Brussels can avoid a full-blown trade conflictthestar_my · malaysia
BUSINESSOct 9China’s hotel room rates disappoint during ‘golden week’ despite tourism boomHotel room rates across mainland China fell short of expectations during the National Day “golden week” holiday despite a tourism boom, as company officials and analysts called for stronger asset and revenue management to ease pricing pressure. Hotel tariffs remained largely unchanged from the previous month between October 1 and 7, even as bookings jumped, according to executives at hotel operators and travel agencies. “The days when hotels and resorts could expect a windfall during the...South China Morning Post
BUSINESSOct 9China rejects yuan complaints, ‘golden week’ travel, Canton FairChina’s central bank rejected claims that the yuan is undervalued, rebutting a key European argument amid crunch negotiations ahead of a possible trade war. “China has no need or intent to gain competitive advantages through currency devaluation, nor has it ever resorted to competitive devaluation,” the People’s Bank of China said in a policy paper on Thursday, printed in both Chinese and English (see the full paper on SCMP Plus). “China’s trade growth is driven by its growing industrial...South China Morning Post
BUSINESSOct 9China state funds double down on Hua Hong in legacy chip pushChinese state funds are ramping up support for the country’s second-largest contract chipmaker, pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new manufacturing facility to fuel Beijing’s drive for self-reliance in mature-node chips. The capital blitz, spanning Hua Hong’s Shanghai-based parent company and a fabrication plant in Wuxi, highlights how government-coordinated financing is doubling down on domestic foundries, as Washington tightens technology...South China Morning Post
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