Government, Business, Technology, Equipment, Fuel

China Auto Sales Plunge in February

BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.

Joe McDonald | Associated Press
March 12, 2020
Government, Business, Fuel

Global Markets Pick Up After Plunge on Coronavirus, Oil

BEIJING — Global stock markets rebounded March 10 from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.

Joe McDonald | Associated Press
March 10, 2020
Government, Business, Fuel

Stocks, Oil Plunge Over Global Fight for Crude Production

BEIJING — Global stock markets and oil prices plunged March 9 after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.

Joe McDonald | Associated Press
March 9, 2020
Government, Business

China Welcomes Currency Decision Ahead of US Trade Deal

BEIJING — China on Jan. 14 welcomed a U.S. decision ahead of the signing of a trade deal with Beijing to drop it from a list of governments accused of manipulating the value of their currencies to gain an unfair advantage in trade.

Joe McDonald | Associated Press
January 14, 2020
Government, Business, Technology

China’s Economic Slowdown Deepens, Weighing on Global Growth

BEIJING — China’s economic growth sank to a new multidecade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy.

Joe McDonald | Associated Press
October 18, 2019
Government, Business, Technology

China Criticizes US Tech Curbs but Trade Talks Going Ahead

BEIJING — China demanded Washington lift newly imposed sanctions on Chinese tech companies but said Oct. 8 envoys will go ahead with a U.S. trip for trade talks despite the latest spike in tensions.

Joe McDonald | Associated Press
October 8, 2019
Government, Business

China to Lift Punitive Tariffs on US Soybeans, Pork

BEIJING — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Sept. 13, adding to conciliatory gestures by the two sides ahead of negotiations.

Joe McDonald | Associated Press
September 13, 2019
Government, Business

China Warns US Tariffs Will ‘Escalate Trade Friction’

BEIJING — China appealed to Washington on Aug. 22 to “meet each other halfway” and settle a trade war instead of going ahead with planned tariff hikes that Beijing warned will trigger retaliation.

Joe McDonald | Associated Press
August 22, 2019
Government, Business

China’s Economy Growth Cools Further Amid US Tariff War

BEIJING — China’s economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.

Joe McDonald | Associated Press
July 15, 2019
Business, Technology, Autonomous

Tesla Secures Land in Shanghai for First Foreign Factory

BEIJING — Electric auto brand Tesla Inc. said it signed an agreement Oct. 17 to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting U.S.-Chinese trade tensions.

Joe McDonald | Associated Press
October 17, 2018