AFP Asia Business
Beijing says EU imposed unfair trade barriers on Chinese firms
China said Thursday that an investigation had found the European Union imposed unfair “trade and investment barriers” on Beijing, marking the latest salvo in long-running commercial tensions between the two economic powers.Officials announced the probe in July after Brussels began looking into whether Chinese government subsidies were undermining European competition.Beijing has consistently denied its industrial …
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China’s electric and hybrid vehicle sales jump 40.7% in 2024
Sales of electric and hybrid vehicles jumped more than 40 percent in China last year, as demand for new energy models continues to surge and the sector remains entrenched in a gruelling price war.The Chinese electric vehicle market has witnessed explosive growth in recent years, driven in part by generous subsidies from Beijing.But the world’s …
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Asian markets hit by worries over US inflation, rates outlook
Asian markets fell Thursday after a tepid lead from Wall Street, with investors increasingly worried about the outlook for inflation and US interest rates as Donald Trump’s second presidency looms.A report saying the president-elect was considering declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods added to the …
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Australia frets over Meta halt to US fact-checking
Australia is deeply concerned by Meta’s decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior minister said Thursday. The government — which has been at the forefront of efforts to rein in social media giants — was worried about a surge of false information spreading online, Treasurer Jim Chalmers said.”Misinformation and …
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