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FRANKFURT: Volkswagen AG, Nissan Motor Co. and Guangzhou Automobile Group Co are among the carmakers increasingly counting on Chinese government tax cuts to stimulate demand and help the world’s biggest auto market rebound from its worst slump in a generation. The unanswered question is when that will happen.
BEIJING: New home prices in China grew slightly faster in March after growth slowed the previous month, putting a floor under the cooling market, as Beijing rolled out stimulus to boost the economy.
SHANGHAI: China's car market will return to growth in the second half of this year due to government support although the days of high single or double-digit growth are over and consolidation is likely, senior automotive executives said on Tuesday.
BEIJING: An iPhone assembler, e-commerce emporium and real-estate developer typically don’t compete in the same business -- except when it comes to electric vehicles in China.
PETALING JAYA: MyEG Services Bhd is investing RM6.1mil in China-based artificial intelligence (AI) company Jingle Magic (Beijing) Technology Co Ltd.
ZURICH: After spending more than a century selling baby formula, Nestle SA realized it’s neglected another potential customer: mom.