China

China's BYD posts strong quarterly profit on EV sales surge

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

China's BYD Reports Strong Q1 Profit Amid EV Sales Boom

Chinese electric vehicle giant BYD reported strong first-quarter profits on Friday, propelled by surging sales as US rival Tesla struggles to maintain pace. China's EV market is the largest in the world, and BYD has emerged in recent years as the clear leader of the highly competitive sector, outperforming Tesla in annual revenue last year. The ...

Trump’s Four-Wheel Boomerang: Clearing the Road for China

Trump, determined to “bring the auto industry back home,” recently imposed a 25% tariff on steel, aluminum, and crucially, the entire automotive sector. His goal was straightforward: to reshore production and safeguard American industry. However, in trying to curb imports, Trump has inadvertently given China’s EV sector a significant push. ...

Three Chinese Astronauts Blast Off to Tiangong Space Station for Six-Month Mission

A Chinese rocket carrying three astronauts to the country's space station blasted off from its remote launch site Thursday, the latest milestone in Beijing's race to become a leading celestial power. Beijing has pumped billions of dollars into its space program in recent years in an effort to achieve what President Xi Jinping describes as ...

Humanoid Robots Stride into the Future with World's First Half-Marathon

Step by mechanical step, dozens of humanoid robots took to the streets of Beijing early on Saturday, joining thousands of their flesh-and-blood counterparts in a world-first half marathon showcasing China's drive to lead the global race in cutting-edge technology. The 21-kilometre (13-mile) event held in the Chinese capital's E-Town, a ...

China Slams 'Appeasement' of US as Nations Rush to Secure Trade Deals

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, vowing countermeasures against those who "appease" Washington in the blistering tariff war as its neighbors rush to secure favorable terms from the White House. While the rest of the world has been hit with a blanket 10 percent ...

American and European Rivalry Serves China and Its Axis

It is in no way simplistic to say that the 20th century has been the American century. Our modern world was and is still being shaped by innovations made in America. The nuclear bomb, the Apollo mission to the moon and the internet. Indeed, America can draw from a long list, but one overlooked American achievement is Europe. It would not be an ...

China Says 'Never Provided Lethal Weapons' to Parties in Ukraine War

Beijing on Friday denied giving any party in the Ukraine war lethal weapons, after President Volodymyr Zelensky claimed he had "information" that China was supplying arms to Russia. "The Chinese side has never provided lethal weapons to any party in the conflict, and strictly controls dual-use items," foreign ministry spokesman Lin Jian ...

Zelensky Claims China Is Supplying Weapons to Russia

Ukrainian President Volodymyr Zelensky said Thursday that he had "information" China was supplying weapons to Russia, amid an escalating row between Kyiv and Beijing over China's support for Moscow. Zelensky said last Wednesday that Kyiv knew of at least 155 Chinese nationals deployed to assist Moscow's invasion, a day after claiming the ...

US-China: the Clash of the Titans

As the trade war between the United States and China escalates, here is a point-by-point comparison of the world's two biggest economic powers. Geographic, demographic giants  With a surface area of more than nine million square kilometres (3.5 million square miles) each, the United States and China rank among the world's four biggest ...

When the Giants of Chic Face Uncertainty

The world of luxury may shine bright, but it’s not immune to economic storms. On Tuesday, the biggest names – Kering, Hermès and LVMH – saw their shares take a hit, with a stock market slump that was anything but glamorous. The biggest blow went to LVMH, whose first-quarter 2025 results showed a 2% drop in revenue. It’s the first slap in ...