China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.

White House officials said the Biden administration would impose a massive tariff increase on Chinese electric vehicles in an announcement on May 14.

Zeekr's US IPO soars, raising $441M with a 24% share surge. Amid Chinese EV market competition, Zeekr eyes global expansion, delivering 49,148 vehicles in 2024.

President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two nations.

During his recent visit to China, Elon Musk reportedly proposed conducting testing of Tesla robotaxis in the country.

Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.

Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.

A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.

Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.

French cognac makers saw their stocks surge after President Emmanuel Macron hinted at easing trade tensions with China.