Daily Management Review
Economics

August Car Sales In China Resumed Rising, And Tesla's EV Market Share Nearly Doubled

In spite of the country's still-weak economic development, larger discounts and tax advantages for electric and environmentally friendly vehicles helped China's passenger vehicle sales increase in August compared to the same month last year.   The China Passenger Car Association (CPCA) said...

US President Biden Backs Developing Markets While Xi Shuns The G20

President of the United States Joe Biden brings an offer to the "Global South" to this weekend's Group of 20 (G20) conference in India: no matter what happens to China's economy, the United States can assist support your development.   Biden hopes to persuade fast-growing economies in...

China's Economic Doom Looms Large Over The Long-Awaited Recovery Of Japan

Tokyo's decision-makers fear that China's deteriorating economic conditions could harm Japan's shaky recovery, particularly if Beijing fails to stimulate demand in a major way, thereby postponing the end of ultra-loose monetary policy.   Japan's export-dependent economy would receive little...

African countries propose global climate tax to protect poor nations

President of Kenya William Ruto claims that African nations have proven their ability to work together and dispelled any doubts over the fact that "the future of humanity lies in Africa." African nations have demanded a global tax to aid the world's poorest nations, notably African nations, deal...

Teardown Of The New Huawei Phone Reveals China's Chip Innovation Success

According to a teardown report by research company TechInsights, Huawei Technologies and China's top chipmaker SMIC have developed an advanced 7-nanometer processor to power its most recent smartphone.   According to TechInsights' report published with Reuters on Monday, Huawei's Mate 60 Pro...

China Will Establish A $40 Billion Governmental Fund To Support The Chip Sector

China is getting ready to launch a new state-backed investment fund with the goal of raising approximately $40 billion for its semiconductor industry as the nation steps up attempts to catch up with the United States and other rivals, according to a report by Reuters quoting information from...

UK sees biggest fuel price hike in 23 years

UK citizens will face one of the largest fuel price increases in 23 years. According to the British Motorists' Association RAC, British citizens will experience one of the largest one-month increases in petrol prices in 23 years as a result of growing oil prices. According to a news statement on...

FT: China builds battery plants that exceed domestic demand

China is constructing battery plants with capacities greater than those required to satisfy domestic demand, writes the FT. According to the publication, China is constructing considerably more battery factories than is required to satisfy local demand for electric vehicles and grid energy storage....

India proposes biofuel alliance to protect the environment

According to Prime Minister Narendra Modi, the project also aims to promote the energy transition. India plans to propose the formation of a biofuel alliance in order to accelerate energy transition and protect the environment, said Prime Minister Narendra Modi in an interview with the Press Trust...

Bank of China conducts first RMB investment operation in Argentina

Bank of China made its first direct RMB investment in Argentina. Xinhua news agency reports that the Bank of China branch in Buenos Aires has completed its first yuan-denominated direct investment transaction in Argentina. The process was completed on Wednesday by the Chinese battery recycling...
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