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Business

Chinese EV maker BYD announces share sale, floats Tesla collaboration

The electric vehicle maker has launched Hong Kong’s biggest listing in four years as it seeks cash for overseas expansion.

Economy

US beat China as Germany's biggest single trading partner last year

Trade between the US and Germany, Europe's largest economy, rose 0.1% compared with 2023, Germany's Federal Statistical Office said. Trade with China, which was Germany's biggest trading partner every year from 2016 to 2023, dropped 3.1%.

Economy

Inflation rises amid Lunar New Year spending but European stocks gain

China's inflation rose at its fastest pace in five months, driven by holiday spending, which is expected to be a continued source of encouragement for European consumer stocks.

Economy

China renews threat to retaliate against US tariffs after Trump move

US President Donald Trump's trade war with Canada, Mexico and China is hotting up over the production and importation of the opiate fentanyl, along with trade surpluses and illegal border crossings by migrants from across the globe. China is angry.

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Business

Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts

Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC.

Economy

How a potential global tariff war could hit Europe's supply chains

Rising tensions between key world players have led to increasing concerns of a global trade war, which would also hit Europe. Kevin O'Marah from community research platform Zero100 is speaking about the world's most pressing global trade issues at the WEF at Davos.

Economy

Europe’s car makers call for compromise with US to calm tariff fears

In an open letter to EU leaders, the European Automobile Manufacturers' Association (ACEA) has highlighted why Europe should strive to maintain good trade relations with both the US and China.

Economy

Strong exports help China hit economic growth targets for 2024

Exports have surged as companies and consumers rush to beat potential US tariff hikes. However, some economists say China's economy is growing at a slower pace than official estimates show.

Business

European luxury stocks rally as Richemont posts record quarterly sales

Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust earnings lifted rival share prices, buoying the European luxury sector on Thursday.

Health news

EU finds evidence of discrimination against medtech firms in China

Findings of a Commission’s investigation revealed China has systematically discriminated against imported medical devices in public procurement, the EU is now weighing countermeasures.

Europe News

European glass fibre makers target Egypt-based Chinese makers

European glass fibre producers lodge an anti-dumping complaint calling on the Commission to apply anti-dumping duties on production passing through the Belt and Road Initiative.

Economy

China's December exports beat estimates as higher US tariffs loom

President-elect Donald Trump has pledged to raise tariffs on Chinese goods and close some loopholes that exporters now use to sell their products more cheaply in the US.

Markets

Markets look ahead: US CPI and China's GDP in the Spotlight

This week, attention will centre on inflation data from major economies, including the US, EU, and UK. Additionally, China's forthcoming release of its Gross Domestic Product (GDP) growth figures for the final quarter will be a critical gauge for its economic trajectory.

Europe News

EU firms forced to 'silo' operations in China, harming competitiveness

The European Union Chamber of Commerce in China warned that the trend could accelerate deglobalisation and reduce global economic growth.

Europe in Motion

What is the state of trade relations between EU and China?

Despite trade disputes over electric vehicles and dairy products, the EU remains China’s largest trading partner, with mechanical appliances and electrical equipment being the most traded goods.

Business

Chinese EV giant BYD beats domestic players to hit record 2024 sales

Electric vehicle company BYD has announced record sales for the last year, boosted by rising Chinese demand, as well as government trade-in deals.

Ecotech

What does China’s EV dominance mean for Europe and the environment?

China’s EV boom offers climate hope, but market dominance risks new environmental challenges.

Economy

China's manufacturing activity slows in December as trade risks grow

The Purchasing Managers' Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month, the National Bureau of Statistics said on Tuesday.

Europe News

China pitches for EU friendship amid tariff spat as Trump looms

China's head of mission to the EU, Cai Run, has called for friendship between EU and China against a turbulent geopolitical backdrop, trade disputes and with Donald Trump poised to begin his second term as US president.

China

Euroviews. China’s new economic development offers fresh China-EU opportunities

China is ready to work with the EU to seize opportunities and meet challenges to pave the way for the next 50 years of China-EU relations and contribute our share to global peace, stability and prosperity, Ambassador Cai Run writes in a Euronews exclusive.