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...The president has also repeatedly emphasised the importance of the “real economy” in contrast to finance and tech, as part of a campaign for “high-quality development”....
...With up to an estimated $72bn of state-related support over the past 15 years, the development of the single-aisle aircraft is seen as a big step forward for President Xi Jinping’s vision of moving China...
...Nuctech was created in the late 1990s as a spin-off from China’s elite Tsinghua University to manufacture large security scanners for shipping containers and railway cars, as well as luggage scanners and...
...China, for instance, has provided detailed guidance on the development of AI, emphasising the need to control content....
...The company added that it “has been evaluating the impact which this measure is producing on the development of the project”, in a statement that raised questions over China Cosco’s commitment to future...
...This was “a false narrative” whose “evil intention” was to curb China’s industrial development, it said....
...BYD employs close to 100,000 people in research and development based at 11 different locations in China. On average, its researchers apply for 19 new patents every working day....
...Parash Jain, HSBC’s head of shipping, ports and Asia transport research, forecast all three carriers could return to profit this year if international travel recovered....
...“Shipping capacity is an important bottleneck,” he said, adding the new vessel could sail at “BYD’s planning” rather than leaving cars in port waiting for a ship, which was expensive....
...“The Red Sea is an important international trade route,” a ministry spokesperson said on Thursday, adding that China would “strengthen co-ordination with relevant departments, closely follow the developments...
...“China is pleased to see a confident, open, prosperous . . . United States. We hope that the US side can also view China’s development in a positive and proactive light,” Xi said....
...The chief executives of the two Japanese groups on Friday said the scope of their co-operation would include software, core EV components and auto intelligence technology....
...The probe will focus on two consortiums bidding for the development of a solar park in Romania, part-financed by EU funds....
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...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Wang Chuanfu, chair and chief executive of BYD, told a conference in Shenzhen this month that the company would “deploy seven car carriers in the coming two years to ease the shortage of shipping capacity...
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...Separately, US President Joe Biden warned Beijing against meddling in the South China Sea, while the US, UK and Australia are considering expanding their security pact as a bulwark against China....
...But any eventual failure at Vanke would be a greater repudiation of a levered model of property development in China that until recently proved highly profitable....
...Property developers in China typically sell homes before they are completed....
...Samsung and LG declined to comment on their co-operation....
...months of delay, Nissan released a business plan on Monday addressing how a carmaker of its size — with relatively small annual sales of fewer than 4mn vehicles — would finance the costs of new technology development...
...We are already beginning to see encouraging co-ordination between China’s fiscal and monetary policy....
...China’s Ministry of Commerce said it would encourage domestic electric vehicle companies to co-operate with foreign businesses as the country manages fallout from a trade dispute with the EU over the sector...
...Real estate folly A big real estate developer in China plotted out a development bigger than the land area of Monaco. There were plenty of red flags, The Wall Street Journal reveals....
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