2022

New Business

BYD’s Denza launches N9 SUV to rival Mercedes, BMW in premium EV segment

China’s biggest electric vehicle (EV) maker BYD launched its most expensive model under its Denza brand to challenge BMW and…

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New Business

Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets

Property developer Sunac China warned investors that losses in 2024 could triple, a year after reorganising its defaulted debt with…

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New Business

Shanghai issues more consumption vouchers after shock fall in retail sales

Shanghai has announced plans to issue another round of consumption vouchers, as the Chinese metropolis tries to reverse a downturn…

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