China - Search News

Mercedes-Benz, China

Mercedes Cuts Earnings Outlook as Auto Sales in China Falter

Mercedes-Benz Group AG cuts its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business in China.

MarketWatch · 3h

Mercedes-Benz cuts guidance on slump in China’s economy

Mercedes-Benz Group shares fell 8% on Friday after the German carmaker made another cut to its full-year guidance, citing a slowdown in car sales caused by a slump in China’s economy. The Stuttgart company said the cut to its outlook,

Reuters on MSN · 3h

Mercedes-Benz cuts margin outlook on weak Chinese market, shares fall

Benz cut its full-year profit margin target for the second time in less than two months, joining a growing number of rivals that are blaming a weakening Chinese car market, the world's largest. The news,

The Financial Times · 13h

Live news: Mercedes-Benz lowers full-year outlook on China’s economic ‘deterioration’

Mercedes-Benz lowered its full-year earnings outlook, blaming the weaker projections on China’s worsening macroeconomic conditions. The company on Thursday said its car division now anticipated the return on sales to be in the range of 7.

Bloomberg on MSN · 3h

Mercedes Slashes Outlook as China Market Cools

Mercedes-Benz Group cut its financial forecast for the year due to a rapid deterioration of its business in China -- the company's biggest market. The Chinese market has cooled further, hurting sales of Mercedes' most expensive models like the S-Class and Maybach sedans.

Live Mint on MSN · 3h

Mercedes-Benz slashes forecast from 11% to 7.5% amid China's economy downturn

Mercedes-Benz Group AG cut its financial forecast due to a rapid deterioration of its business in China, marking the latest blow to Germany’s struggling industrial sector.

China, Taiwan

Newsweek · 15m

China Hits Out at US Over Taiwan Arms Sale

Taipei said in July it was hopefully it would receive all 66 F-16V jets by the end of 2026, adding to one of Asia's largest fleets. The aircraft, approved for sale in 2019, are being built by Lockheed Martin— also sanctioned by China.

U.S. News & World Report · 8h

US Arm Sales to Taiwan Violate 'One China Principle,' China Says

China has lodged solemn representations with the U.S. side over the matter, Zhang said. China on Wednesday announced steps against nine U.S. military-linked firms over U.S. weapon sales to Taiwan.

Reuters on MSN · 1d

China hits 9 US firms with property freeze over weapons sales to Taiwan

China announced steps against nine U.S. military-linked firms on Wednesday over U.S. weapons sales to Taiwan, freezing their property within China, in the latest move to put added pressure on the United States to halt its arms sales to the island.

Japan, China

NBC News · 8h

10-year-old student at Japanese school in China dies after being stabbed

Tokyo demanded that Beijing take “all possible measures” to ensure the safety of Japanese nationals after the attack, the second near a Japanese school in China in recent months.

U.S. News & World Report · 7h

Japanese Embassy in China Calls for More Security After School Boy Stabbed

Japan's ambassador to Beijing has asked for more security for Japanese nationals in China after a 10-year-old Japanese boy was killed this week in a knife attack that was the second to target school students.

Reuters on MSN · 1h

Some Japanese firms in China offer to send staff home after Shenzhen stabbing

Some Japanese companies in China have offered to send their staff and their families back home after a 10-year-old Japanese boy was fatally stabbed in the Chinese city of Shenzhen, a Japanese executive and employees of Japanese firms in Beijing said on Friday.

US awards $3 billion for EV battery production in 14 states

Associated Press · 2h

Seeking to counter China, US awards $3 billion for EV battery production in 14 states

The Biden administration is awarding $3 billion to U.S. companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery production.

Reuters · 2h

US to award $3 billion to 25 projects for battery manufacturing sector

The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China.

Bloomberg on MSN · 2h

Biden Awards $3 Billion to Boost Domestic Battery Production

American Battery Technology Co. and lithium-producer Albemarle Corp., are among 25 companies getting more than $3 billion in funding from the Biden administration to boost domestic production of advanced batteries and components.

China unexpectedly leaves benchmark lending rates unchanged

Bloomberg L.P. · 10h

China’s Banks Maintain Key Lending Rates as PBOC Stays on Pause

Chinese banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus while financial institutions struggle with record-low profit margins.

Business Insider · 4h

China Keeps Benchmark Lending Rates On Hold

China retained its benchmark lending rates on Friday even after the US Federal Reserve reduced its rate by a sharper-than-expected

Reuters on MSN · 10h

China unexpectedly leaves lending benchmark LPR unchanged

China unexpectedly left benchmark lending rates unchanged at the monthly fixing on Friday, despite the Federal Reserve delivering an outsized interest rate cut earlier this week. The one-year loan prime rate (LPR) was kept at 3.

1hon MSN

Map Shows US and China's Aircraft Carriers in Pacific This Week

The United States has one of its six West Coast-based aircraft carriers operating in the Western Pacific Ocean again ...

China Keeps 2024 Fuel Export Quota Level Similar to Last Year

China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very ...

The Economist22h

Near-shoring is turning eastern Europe into the new China

T he european union has tried hard lately to restrict Chinese imports. Yet this summer China made it easier to import one ...

1hon MSN

China's January-August fiscal revenue down 2.6%

China's fiscal revenue in the first eight months of 2024 was down 2.6% from a year earlier, unchanged from July's seven-month ...

2don MSN

China and Russia are ramping up joint military drills. What’s their end goal?

As Russia’s military last week launched globe-spanning drills widely seen as a show of strength directed at the United States ...

The Economist22h

China’s AI firms are cleverly innovating around chip bans

Some Chinese firms are rumoured to be turning to the black market to get their hands on these coveted chips. But the majority ...

Reigning champion Swiatek withdraws from China Open citing personal reasons

World number one Iga Swiatek has pulled out of the China Open for personal reasons, the five-times Grand Slam champion said ...

12hon MSN

Divorce is on the rise in China. For some, that means big business

A budding divorce economy underscores China’s changing attitude towards marriage and a deepening demographic crisis facing ...

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