Hints and tips:
...Despite the protectionist trade landscape under US President Joe Biden, BYD is also finding new ways to operate in the American market....
...And Shenzhen-based DeepRoute.ai, which already has a US office, is now setting up one in Europe to sell its assisted driving technology for driverless cars....
...But its Shenzhen-listed shares are down 45 per cent from its 2022 peak, pushing valuations down to over a decade low....
...I wonder if that trade-off is being thoroughly considered in a lot of capitals.”...
...This week’s trading update from world-leader Contemporary Amperex Technology Co. Ltd. proved those wrong. The battery group’s full-year earnings should handily beat analyst expectations....
...Sea freight rates, including for transpacific trade routes, have fallen since the pandemic....
...However, it subsequently welcomed the trade deal that the UK negotiated with the EU....
...The “one country, two systems” pledge made by China’s former paramount leader Deng Xiaoping is spelt out in the city’s Basic Law, its mini-constitution....
...After the Games, western politicians and executives flew into the country to sign trade and investment deals....
...That compares to a 0.3 per cent decline for the CSI 300 index of Shanghai- and Shenzhen-listed shares....
...Georges Elhedery, co-head of global banking and markets, is to take over the position, setting him up to potentially succeed Quinn as chief....
...Great Wall is preparing to build the next version of the electric Mini through a joint venture with BMW in China. The company is also looking to secure a European site in time....
...BYD, the Shenzhen-based rival to Elon Musk’s Tesla, has unveiled plans to take on the European car market, as the electric carmaker embarks on an aggressive global expansion despite coming under pressure...
...They trade at 99 times forward earnings, an 80 per cent premium to Tesla. The test for BYD will be whether it can attract similar demand overseas....
...It has also targeted DJI, the Shenzhen-based group that is the world’s largest maker of commercial drones, and SenseTime, a Chinese artificial intelligence company that specialises in facial recognition...
...A-shares are stocks of mainland Chinese companies listed in Shanghai or Shenzhen that trade in renminbi, in contrast to H-shares, which are listed in Hong Kong and trade in freely convertible Hong Kong dollars...
...Samsung would be taking advantage of subsidies and would avoid future trade barriers, as the US competes with China and Europe over reducing dependence on chip supplies from overseas....
...“We need gigafactories to sustain UK car manufacturing for the long term,” said Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, a trade body....
...Additional reporting by Qianer Liu in Shenzhen...
...hopes he can deliver extra profits from “alternative” investments, which represent 5 per cent of Athene’s total assets, and are invested in Apollo's “origination platforms”, essentially a collection of mini-banks...
...Since then, only those offering takeaway services have been able to trade....
...Samsung also competes with Huawei when it comes to smartphones, but analysts said there was little chance of it taking handset market share from the Shenzhen-based group....
...Combined British sales of the Mini, the BMW 1 series and the X1 compact SUV, which all sit on the same platform and could be made at the site, last year were 108,000 — less than half the 222,000 Mini vehicles...
...Laurent Mercier, managing partner of Belgium’s Maruani Mercier gallery, has therefore pulled together 11 of the city’s respected galleries for a new mini-fair, Warehouse (November 12-15)....
...Trade Secrets Trade Secrets is the FT’s must-read daily briefing on the changing face of international trade and globalisation....
International Edition