China’s real estate problems are far from over, and urgent action is needed to address industry issues if the country’s overall economic growth is to improve significantly. This insight comes from a recent report by the global investment firm KKR, released on Thursday. According to Henry H. McVey, head of […]
On Wednesday, China’s central bank announced substantial revisions to its car loan policies, specifically targeting car loans, with the aim of encouraging consumers to engage in vehicle trade-ins and eliminating the previously mandated minimum down payments for individuals financing new car purchases. This notable adjustment marks the first alteration to […]
Amidst fierce competition in China’s electric car market, Xiaomi announced its entry with the SU7 priced at 215,900 yuan ($30,408), undercutting Tesla’s Model 3. CEO Lei Jun admitted this price would mean selling each car at a loss. In Beijing, Xiaomi, the Chinese smartphone giant, announced on Thursday its entry […]
In Beijing, Chinese smartphone manufacturing company Xiaomi officially announced the scheduled launch of its highly anticipated electric car on March 28. The company asserted that Xiaomi’s electric car, the SU7, would be available for delivery immediately upon its launch, as stated in a social media post translated by CNBC. Xiaomi’s […]