In May, sales of battery-powered cars in Germany jumped 45 percent year on year, but new Tesla registrations were a third lower, according to data from the country’s Federal Motor Transport Authority.
Tag: China
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CHINA PLANS NETWORK OF AI SUPERCOMPUTERS IN SPACE
Last month, China launched the first 12 satellites into Earth orbit that will become part of a cluster of 2,800, ultimately forming something called the Three-Body Computing Constellation.
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TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINESE TECH FIRMS PREPARE TO DO WITHOUT NVIDIA’S AI CHIPS
Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will......
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NEW HOME PRICES RISE IN CHINA. IS THE PROPERTY CRISIS ENDING?
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
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CHINA’S RARE EARTH EXPORT CUTS COULD CLOSE WESTERN CAR PLANTS
Auto companies around the world face an imminent shortage of the rare earth minerals essential to making everything from anti-lock braking sensors to windshield wiper motors, executives have warned the Trump administration, Reuters reported.
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“BAD THINGS” HAPPEN IN WASHINGTON
There were quite a lot of what Donald Trump might describe as “bad things” taking place in Washington over the past week, to include the worsening of relations with China shortly after what appeared to be an agreement had been reached over tariffs.
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SHIPPERS, PORTS BRACE FOR 90-DAY RUSH AS TRUMP CUTS CHINA TARIFF
Ports and ocean freight carriers are bracing for a wave of rushed business after Donald Trump temporarily cut China’s tariff rate from 145 percent to 30 percent for 90 days.
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U.K. NOW OWNS MORE U.S. TREASURY SECURITIES THAN CHINA
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
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CHINA PLANTS ITS FLAG IN LATIN AMERICA
China is aggressively asserting its presence in Latin America, hoping to secure political friends and allies—as well as lucrative economic deals and contracts for resource development—in a region the U.S. has long viewed more as trouble than as opportunity.
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SPOTLIGHT: DEATH OF THE DOLLAR
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
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