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13.04.26 - 08:06
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Chinese EV stocks jump on surging exports, hopes of domestic demand recovery (SCMP)
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Chinese electric vehicle (EV) stocks rallied against a falling broader market in Hong Kong on Monday, as strong export data and rising oil prices bolstered the appeal of battery-powered and hybrid cars while a coming wave of model launches sparked hopes of a domestic demand recovery.
Nio surged 6.6 per cent to HK$52 as of the noon trading break, while BYD climbed 5.6 per cent to HK$111, the highest since October 2. Chery Automobile rose 1.3 per cent to HK$32.72, while Xpeng advanced 0.5 per cent......
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13.04.26 - 06:36
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China′s tea-drink shops thirst for profits as price wars dry up prospects (SCMP)
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China's tea-drink market, with estimated annual sales of 370 billion yuan (US$54.2 billion), has become yet another example of involution as brutal price competition threatens to expel thousands of unprofitable small players.
The dire scenario represents a rude reminder to those who hope to strike it rich by investing in a fast-growing business in mainland China's vast consumer market, which abounds with boom-to-bust cycles.
“Bubble tea is a dynamic market, and it is never easy to make money......
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13.04.26 - 05:42
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Chinese carmakers gear up for L3 self-driving roll-out (SCMP)
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A pivotal year for self-driving cars has begun in China, with the first “hands off” models approved to ply public roads, carmakers gearing up to mass-produce them and the first mandatory safety standards for autonomous vehicles out for public comment.
The first carmakers were given the go-ahead in mid-December to build electric vehicle (EV) models with Level 3 (L3) autonomous driving capability. On an international scale from L0 to L5, an L3 autonomous vehicle can operate independently under......
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13.04.26 - 03:31
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China Shares Tipped To Open In The Red (AFX)
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BEIJING (dpa-AFX) - The China stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had rallied more than 110 points or 2.8 percent. The Shanghai......
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13.04.26 - 02:00
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China′s reflation narrative under scrutiny as bond market signals caution (SCMP)
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Investors betting on a China reflation trade may be in for a reality check, as rising government bond prices and lacklustre equities point to lingering doubts about whether inflation in the world's second-largest economy can be sustained.
Yields on China's one-year sovereign bonds have fallen by 5.5 basis points over the past three weeks, while 10-year yields are down 1.6 basis points. Over the same period, the benchmark CSI 300 Index has slipped about 1 per cent. Bond yields move inversely to......
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