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BYD's first-quarter profit, deliveries slump as world's largest EV maker reels from a bruising price war in China

The Warren Buffett-backed carmaker posted first-quarter net profit of 4.57 billion yuan (US$631 million), 47.3 per cent lower than the quarter ended December 2023. ....

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Chinese conglomerate Fosun International to accelerate asset sales as deleveraging campaign boosts financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses ....

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Wilting fortunes: Wong Kar-wai's Blossoms Shanghai drama series offers stock investors painful reality check on past glory

Today, not much resembles the reels in Blossoms Shanghai. China’s legion of 200 million retail investors can be forgiven for hankering for that gravity-defying bygone era of the 1990s. ....

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China's car industry on a roll as production and sales hit all-time high in 2023

China’s car sector broke production and sales records last year, buoyed by surging deliveries of electric vehicles and rising exports to markets such as Russia. ....

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China's resort and hotel operators await windfall as National Day holiday set to unleash pent-up demand, inflate room prices

The eight-day National Day holiday season promises to deliver a windfall for China’s tourism industry. Pent-up demand could overwhelm capacity, allowing hotel operators to raise prices by as much as 10 times, some of them said. ....

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