Category: Beijing

  • Beijing complains to WTO about EU’s new EV tariffs

    Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…

  • Beijing complains to WTO about EU’s new EV tariffs

    Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…

  • Nvidia falls as Beijing discourages local companies from buying Nvidia chips

    Investing.com – Nvidia fell on Friday as Beijing pressures Chinese companies to buy artificial intelligence chips produced in China instead of Nvidia chips as part of an effort to boost the domestic semiconductor industry and mitigate the impact of U.S. restrictions, a Bloomberg report said Friday. Quoted from unnamed sources.…

  • Nvidia falls as Beijing discourages local companies from buying Nvidia chips

    Investing.com – Nvidia fell on Friday as Beijing pressures Chinese companies to buy artificial intelligence chips produced in China instead of Nvidia chips as part of an effort to boost the domestic semiconductor industry and mitigate the impact of U.S. restrictions, a Bloomberg report said Friday. Quoted from unnamed sources.…

  • Detained China banker’s wealth drops $750M amid Beijing crackdown

    In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most sought-after financiers, helping him amass a fortune worth more than $800…

  • Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing

    Volvo Cars has begun shifting manufacturing of Chinese-made electric cars to Belgium, as the European Union prepares to impose tariffs on electric cars made in China, The Times reported. In addition to moving production of the Volvo EX30 and EX90 models to Belgium, the automaker may also move assembly of…