Tesla’s EV Production Frontier in China for 2025
Tesla, a leading manufacturer of electric cars, is all set to launch 6-seat variants of its model Y with scaling production by 2025 in China. As the US automakers strive to increase their appeal for the best-selling electric vehicles, Tesla plans to direct suppliers to enhance production for the Shanghai
Asia Markets Plunge to 6-Month Low Due to China Slowdown
China’s economy is struggling due to slow economic growth, impacting the manufacturing and real estate sectors. Asian market indexes like the Nikkei 225 Index of Tokyo fell to -0.16%, while Hong Kong’s HSI index slid down by -1.77%. The benchmarks of Australia and China slipped, while for South Korea, they
Sri Lanka Extends Free Tourist Visas to 35 Nations
In an attempt to boost its tourism sector, Sri Lanka has approved free tourist visas for visitors from 35 nations. According to the policy, tourists from India, China, the UK, Germany, Netherlands, Belgium, Spain, Australia, Denmark, Poland, Kazakhstan, Saudi Arabia, UAE, Nepal, Indonesia, Russia, Thailand, Malaysia, Japan, France and more
PwC Loses Another Mega Client in China: Who Is To Blame?
PricewaterhouseCoopers (PwC), one of the biggest auditors in the world, has lost more than a dozen of its Chinese clients in the last two years. In May 2024, the company lost five of its major clients: China Taiping Insurance Holdings, China Merchants Bank, People’s Insurance Company of China, China Railway
Japan Stock Plunge As Much As 7% Amid Asia Sell-Off
Japan’s stock market witnessed a significant drop last week, plugging up to 7% and nearing bear market territory. This dramatic drop is one of the steepest for the Tokyo Stock Exchange in recent years, driven by fears of global economic slowdown, trade tension between the US and China, and monetary
ASEAN Outpacing China’s Economy Growth With FDIs
Recently, for the first time in a decade, Southeast Asia has attracted more Foreign Direct Investment or FDI than China as investors shift faster toward building “China + 1” supply chains amid manufacturing costs and rising tariffs. Based on the report of Southeast Asia Outlook, 2024-2034 shared a robust economic
Strategic Challenge: Japan & US Upgrade Security Ties
China’s rapid military buildup and aggressive actions have worried and panicked many global leaders. As a result, Japan and the US have expanded their security tie-up to offer enhanced border protection. The top diplomatic and defence officials have confirmed that both nations will take concrete steps to strengthen defence cooperation
Shocking!! Japan’s Honda to Close China Plant
The world’s most famous Japanese automaker, Honda, will close its factory in China, significantly halting vehicle production at other plants. The company revealed that it has started seeking to produce more electric vehicles and get heavy competition from other Chinese brands. In October, Honda plans to close its plant operation
What Is Driving Investment Trends In Asian Markets?
In recent years, Asian markets have emerged as pivotal players in the global investment landscape. The investment trends in Asian markets offer unparalleled opportunities for investors with its dynamic economies, diverse industries, and rapidly growing consumer bases. From technological advancements in China to the burgeoning middle class in India and
China Communist Party Commences ‘Third Plenum’
Shocking!!! China’s economy is slowing down, and GDP fell to 4.7% for the second quarter, as revealed by the ruling communist party in China during a key meeting under President Xi Jinping to revive the world’s second-largest economy. Once every five years, China’s ruling communist party organises the ‘Third Plenum’