Chinese EV maker Li Auto launches L7 family SUV
Chinese electric vehicle maker Li Auto on Wednesday launched Li L7, a five-seat flagship family sport utility vehicle it wants to rival cars like Tesla’s Model Y.
Month: February 2023
Meng Wanzhou to serve as Huawei’s rotating chairperson on Apr 1 – report
Meng Wanzhou will begin her term as the rotating chairperson of Huawei Technologies on April 1, state-backed Shanghai Security News reported on Wednesday.
Fitch raised forecast of China’s 2023 economic growth to 5% from 4.1%
Fitch Ratings raised its forecast for China’s economic growth in 2023 to 5%, from 4.1% previously, reflecting evidence that consumption and activity are recovering faster than initially anticipated after the authorities moved away from their “dynamic zero Covid-19” policy stance in late 2022.
China’s Zhihu surged up to 57% to hit record high in Hong Kong on ChatGPT potential
China’s largest question and answer platform Zhihu, surged as much as 57% to hit HK$36.6, marking the highest on record, before paring gains to close up 39.6% at HK$32.45.
China’s economy rebounded in early 2023, consumption posted robust growth – Premier Li
China’s economic growth stabilized at the end of last year and rebounded at the beginning of 2023, said Chinese Premier Li Keqiang chaired a seminar on Tuesday, according to the official Xinhua News Agency.
Chinese power battery makers saw strong growth in 2022, CATL continued to rank top globally
Chinese power battery makers saw strong growth in installed capacity in 2022, while Korean and Japanese peers underperformed, showed a report by South Korean market research firm SNE Research.
China sees cross-border passenger trips hit highest since pandemic started
China recorded 676,000 cross-border passenger trips on Feb 6, the highest daily figure since the start of the pandemic, rising by 32.8% from a year …
China’s forex reserves rose in Jan amid weakening US dollar
China’s foreign exchange reserves stood at $3.184 trillion in January, according to data released by the State Administration of Foreign Exchanges, rising by$56.8 billion from $3.128 trillion in the previous month.
Nomura raised forecast of China’s GDP growth in 2023 to 5.3%
China’s economy is expected to expand 5.3% in 2023, Nomura said in a note, higher than its previous forecast of 4.8%.
China’s NEV wholesale volume expected to reach 1.5 mln units in Q1, penetration to reach 39% in 2023 – research
China’s wholesale sales of NEVs are expected to reach 1.5 million units in the first quarter of 2023 and are on track to reach 9 …
Baidu shares hit one-year high on ChatGPT-style bot plan
Chinese search engine giant Baidu surged 15.3% to close at HK$166.3 in Hong Kong on Tuesday, marking the highest level since February last year. Baidu …
Sino-US relation not weakened by US shooting Chinese ballon – US President Biden
US President Joe Biden said that the relations between Washington and Beijing were not weakened by the incident of US military shooting down what was …
China aims to boost the influence of Chinese brands, improve quality and efficiency – State Council
China aims to achieve a shift toward “Created in China” from “Made in China”, toward “Chinese quality” from “Chinese speed”, and toward “Chinese brands” from Chinese products”, according to a plan released by the State Council.
