Chinese EV startups Xpeng, Li Auto deliver a record number of cars in October

Nio said it delivered 16,074 cars in October, up slightly from the prior month but below the 20,462 vehicle deliveries reported for July.. That’s a marked pickup from lackluster figures earlier in the year. Just under half of deliveries in October were of Xpeng’s G6 coupe SUV, launched in late June. The G6 sells in … Read more

Federal prosecutor raises alarm about Chinese election interference

Gavin Newsom, whose chief focus on his China visit was climate, faced blowback from human rights activists and Republican China hawks for making the trip at all. | Ng Han Guan/APAs California Gov. Gavin Newsom met in China with Chinese government officials last week, a top federal prosecutor in his home state quietly told Congress … Read more

U.S. Gave $30 Million to Top Chinese Scientist Leading China’s AI ‘Race’

The U.S. government gave at least $30 million in federal grants for research led by a scientist who is now at the forefront of China’s race to develop the most advanced artificial intelligence—which he compared to the atomic bomb due to its military importance, a Newsweek investigation has revealed. and the Department of Defense also … Read more

Beijing’s crackdown fails to dim Hong Kong’s luster, as talent scheme lures mainland Chinese

FILE – In this file photo, protesters march near the skyline of Hong Kong, on July 7, 2019. The exodus of tens of thousands of professionals from Hong Kong triggered by Beijing’s crackdown on its civil liberties is being offset by new arrivals: mainland Chinese keen to move to the former British colony. (AP Photo/Kin … Read more

Biggest Chinese Antarctic fleet sets off to build research station

on the rocky, windswept Inexpressible Island near the Ross Sea, a deep Southern Ocean bay named after a 19th century British explorer. Work on the first Chinese station in the Pacific sector began in 2018. It will be used to conduct research on the region’s environment, state television reported. The station is also well situated … Read more

Yum China just gave investors a new reason to worry about the Chinese economy

Yum China’s shares YUMC, -1.05% fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged in recent weeks, and cast doubt about its current quarter. Quarterly results were “robust results … Read more

‘The View’ dresses child as Chinese Spy Balloon one year after facing backlash for Oscars slap costume

‘The View’ co-hosts were nearly unrecognizable for Halloween — and Whoopi wore ’40 pounds of hair’‘The View’ co-host Alyssa Farah Griffin defends Justin Timberlake over Britney Spears’ abortion For the second year in a row, “The View” dressed up children for Halloween in costumes inspired by some of the year’s most viral and talked about … Read more

NZD/USD slides below 0.5800 on weak Chinese PMI, focus remains on FOMC decision

NZD/USD drifts lower for the second straight day and is pressured by a combination of factors. The dismal New Zealand jobs data and China’s Caixin manufacturing PMI weigh on the Kiwi. Hawkish Fed expectations and elevated US bond yields continue to underpin the Greenback. The USD bulls now look to the US macro data for … Read more

Chinese manufacturing activity shrinks in October- Caixin PMI– Chinese manufacturing activity unexpectedly contracted in October, a private survey showed on Wednesday, pointing to broad declines in the sector after a government survey also showed a similar reading earlier this week.(PMI) read 49.5 in October, missing expectations of 50.8 and falling from the 50.6 seen in the prior month. A reading below 50 … Read more

Senior Chinese official visits Myanmar for border security talks as fighting rages in frontier area

In this photo released from the The Military True News Information Team on Oct.30, 2023, Lt-Gen Yar Pyae, left, State Administration Council Member and Home Affair Minister, shakes hands with Wang Xiaohong, right, Chinese Minister for public security, during their meeting in Naypyitaw, Myanmar. (The Military True News Information Team via AP)In this photo released … Read more