July 2025 – Page 61 – Chin@Strategy

How BYD caught up with Tesla in the global EV race

July 15, 2025 Media Library

Trial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos & Podcasts 20 monthly gift articles to share Lex: FT’s flagship investment column 15+ Premium newsletters by leading experts FT Digital Edition: our digitised print edition Financial Times

China’s Tianlong-3 rocket passes critical test a year after explosive mishap

July 15, 2025 Media Library

A year after its rocket accidentally lifted off and then crashed during a test, Beijing-based start-up Space Pioneer has redesigned the vehicle and shown that it can withstand the intense forces of launch. Advertisement In a recent ground-based test in central China, the company used the rocket’s nine-engine first stage – which produces nearly 900 tonnes of thrust combined – to simulate key mission phases, including fuelling, lift-off, flight and recovery. The structure held up under all test conditions, the company said on its social media account on Friday. 02:14…

Catastrophe bond sales hit record as insurers offload climate risks

July 15, 2025 Media Library

Nvidia gets nod from Washington to resume sales of H20 China chip

July 14, 2025 Media Library

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia has said the Trump administration has relaxed restrictions on exporting a key artificial intelligence product designed specifically for the Chinese market, saying it hoped to resume deliveries of its H20 chip “soon”. The US chipmaker on Tuesday said it had received assurances from the US government that it would approve licences for the H20, while announcing plans to release a new China-specific AI chip. Nvidia reported a $4.5bn charge…

China’s GDP grows 5.2% as exports show resilience against Trump trade war

July 14, 2025 Media Library

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. The Chinese economy expanded 5.2 per cent year on year in the second quarter as the world’s biggest exporter shrugged off the impact of Donald Trump’s trade war. The rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters, positions Beijing to hit its full-year target of about 5 per cent. It shows how China has been able to keep growth on track through exports…

China’s economy grows 5.2% in second quarter

July 14, 2025 Media Library

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew 5.2 per cent year on year in the second quarter as resilience in exports helped to offset sluggish domestic demand in the world’s second-largest economy. The growth rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters but trailed the 5.4 per cent growth in the first quarter, positions Beijing to hit its full-year target of about 5 per cent. China’s President…

China growth slows as trade turmoil weighs on economy

July 14, 2025 Media Library

China’s economy has slowed as trade turmoil triggered by US President Donald Trump’s tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s down from 5.4% in the previous quarter. But the country has so far avoided a sharp downturn, partly due to measures announced by Beijing to help support the economy and a fragile tariffs truce with Washington. Trump…

Nvidia to resume selling H20 graphic processing chips to China

July 14, 2025 Media Library

Nvidia will resume selling its H20 chips in China and release a new graphics processing unit (GPU) for the country in compliance with US export restrictions, according to a statement amid the visit by its CEO Jensen Huang to Beijing. Advertisement Nvidia has applied to sell the H20 GPU again, and the US government has “assured Nvidia that licences will be granted” and Nvidia is expected to start deliveries soon, according to a company statement on Tuesday. Nvidia “hopes to start deliveries soon”, it said. Huang also announced a “new,…

Australia’s PM seeks to balance trade and security tensions in Xi meeting

July 14, 2025 Media Library

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia’s Prime Minister Anthony Albanese will seek to reaffirm ties with China when he meets President Xi Jinping in Beijing on Tuesday amid global trade turmoil and pressure from the US over security commitments to Taiwan. During his six-day state visit to China, which includes stops in Shanghai and Chengdu, Albanese is aiming to strengthen economic ties in areas including steel production and tourism. For China, the objective will be…