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Elon Musk warns of EV competition

Tesla CEO Elon Musk expects Chinese car manufacturers to "demolish" their global competitors without trade restrictions. In terms of sales, BYD has already overtaken the US market leader in 2023.

By Redaktion Table

Global China Conversations: Politics weaken growth potential

China will not recover from its economic slump any time soon. That is the general tenor of the Global China Conversations organized by IfW Kiel. The experts criticize Beijing's interventionism and advise the West to be more self-confident.

By Christiane Kuehl

Central bank lowers reserve requirement

China's central bank is lowering the minimum reserve requirement for commercial banks by 50 basis points starting from Feb. 5. This move is aimed at injecting liquidity worth around 130 billion euros into the market.

By Redaktion Table

39 killed in fire in Jiangxi

39 people have died in a major fire in the city of Xinyu. It is the second fatal fire in China within a week.

By Fabian Peltsch

Smartphone market recovers slightly

China's domestic smartphone market grew by 6.5 percent in 2023. This is the first growth since 2021, and it seems that the industry has bottomed out. Competition is also picking up.

By Redaktion Table

Bildnummer: 52797345  Datum: 03.12.2008  Copyright: imago/Xinhua
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Bildnummer 52797345 Date 03 12 2008 Copyright Imago XINHUA Investors track the Stock market values at Stick Exchange in Shanghai PUBLICATIONxNOTxINxCHN People Silhouette Symbolic image premiumd 2008 Shanghai China Investors Stock market value Scoreboard Finance Financial market horizontal Kbdig Group photo Exchange Economy Asia o0 Market economy

Beijing props up battered stock markets

Following the government's announcement of support measures, Chinese shares are recovering from their slump. Overall, the stock markets have been lagging behind the global markets for years and are posting heavy losses.

By Redaktion Table