In a sudden and tragic turn of events, China’s former premier, Li Keqiang, passed away at the age of 68 in Shanghai, as reported by Chinese state media. According to China’s Xinhua news agency, Li suffered a heart attack and succumbed to it early on Friday. The state broadcaster CCTV confirmed, “Comrade Li Keqiang, while […] Read more
SHANGHAI/SINGAPORE (Reuters) – China has opted to keep its benchmark lending rates unchanged at the monthly fixing, aligning with market expectations. This decision comes as a set of economic data suggests that the country’s economy is showing signs of stabilizing, and the pressure of a weaker yuan has restrained further monetary easing. The one-year loan […] Read more
Tesla has reportedly started delivering locally-produced Model Y crossovers in China, marking another milestone for the electric carmaker in the world’s largest vehicle market. Deliveries of the China-produced crossover began Monday, according to state-run Xinhua News Agency. It’s unclear how many Model Y vehicles were delivered or whether they were delivered to employees or to retail customers. […] Read more
