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...Saudi Arabia is also courting foreign tech companies to develop its nascent AI industry, “cherry-picking” between the best companies from Silicon Valley or Shenzhen, said several industry insiders....
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...It is 28 per cent owned by the Shenzhen Metro, occupying a middle ground between a private and state-owned company....
...The strategy includes 24 measures aimed at turning Shenzhen into “a new generation world-class auto city” and comes as global concerns grow that China’s car industry has vastly overbuilt domestic capacity...
...In the meantime, most local asset managers, including industry heavyweights once critical of their western peers, have suffered heavily from the market meltdown....
...The Shenzhen-based company is the sole assembler of Apple’s Vision Pro mixed-reality headset. “Luxshare’s pricing is more aggressive....
...“But in Shenzhen, I can order any food I fancy at a restaurant without batting an eyelid.”...
...The China Securities Regulatory Commission plans to impose a Rmb4.2bn ($580mn) fine on Hengda Real Estate, Evergrande’s mainland business, according to a filing by the company to the Shenzhen and Shanghai...
...It accused the company of “affecting the normal trading order or security of this exchange” through automated transactions. Shenzhen’s exchange issued a similar statement....
...The outperformance under Biden underlines the limited role of the White House in dictating the sector’s fortunes....
...“While the short selling ban is a government signal, it is only a band-aid with limited impact,” said Gary Ng, senior economist at Natixis....
...The company said the decision was partly driven by huge demand for weight-loss drugs....
...Purchases by those state investors have been limited to shares in state banks and ETFs that track benchmark indices — far more restrained than 2015’s buying spree....
...That holds true for tobacco companies, too....
...The potential investments come in the face of an EU trade investigation into the Chinese EV industry and the Biden administration’s Inflation Reduction Act (IRA), which does not allow Chinese companies to...
...Earnings across all stores grew 36 per cent in 2023, said the company....
...Disclosure is limited by constraints of professional privilege. The opacity creates a “market for lemons” problem, a US academic argues....
...Washington and Beijing’s race for tech supremacy has pushed the semiconductor industry and related companies to seek third locations to avoid fallout....
...The move has been seen as a vote against the state of the EV industry as a whole....
...Richard Leedham, who has more than three decades of experience in the industry, will start as chief executive of Derbyshire-headquartered Equip Outdoor Technologies next month, the company said on Tuesday...
...Meanwhile, American companies will also be launching mass-market options for customers unable or unwilling to buy a Tesla....
...Nusrat Ghani, industry and economic security minister, welcomed the announcement: “This is a further vote of confidence in the UK economy and exciting news that shows our plan for the auto industry is working...
Tasting notes: several charts, one micro-scoop, limited useful information
...It’s a broad category, including (but not limited to) siblings, siblings-in-law and fellow household members....
...Shanghai’s stock exchange, which jointly owns the China Securities Index Company together with its counterpart in Shenzhen, told state media this week that it would ensure the index provider “enriches the...
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