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Yahoo
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- Yahoo
China's Zeekr says it did not sell or register zero-mileage used cars
BEIJING (Reuters) -Chinese automotive firm Zeekr said in a statement on Sunday that used cars described in media reports as having zero mileage were exhibition cars that were insured, but it did not sell or register them. The company has set up a team to investigate and make improvements, Zeekr said, adding that it opposed the sale of zero-mileage used cars. On Saturday, Reuters and state-backed China Securities Journal newspaper had reported that Zeekr had insured cars before selling them to buyers, inflating sales.
Washington Post
an hour ago
- Washington Post
U.S. citizen who works for Commerce Dept. ensnared in Chinese exit ban
A Chinese American man who works for the Commerce Department and traveled to China several months ago is being prevented from leaving the country after he failed to disclose on his visa application that he worked for the U.S. government, according to four people familiar with the matter. The American, an employee of the Patent and Trademark Office, went to China to visit family and now has been caught up in China's controversial practice of blocking Chinese and foreign nationals from leaving China — in what is often seen by Washington as a tool of coercion against people and businesses, these people said. All spoke on the condition of anonymity because of the matter's sensitivity.
New York Times
an hour ago
- New York Times
As Trump Courts a More Assertive Beijing, China Hawks Are Losing Out
In recent years, one of China's biggest requests of American officials has been that the United States relax its strict controls on advanced artificial intelligence chips, measures that were put in place to slow Beijing's technological and military gains. Last week, the Trump administration did just that, as it allowed the world's leader in A.I. chips, the U.S.-based Nvidia, to begin selling a lower-level but still coveted chip known as H20 to China. The move was a dramatic reversal from three months ago, when President Trump himself banned China from accessing the H20, while also imposing triple-digit tariffs on Beijing. That set off an economically perilous trade clash, as China retaliated by clamping down on exports of minerals and magnets that are critical to American factories, including automakers and defense manufacturers. China's decision to cut off access to those materials upended the dynamic between the world's largest economies. The Trump administration, which came into office determined to bully China into changing its trade behavior with punishing tariffs, appeared to realize the perils of that approach. Now, the administration has resorted to trying to woo China instead. Officials throughout the government say the Trump administration is putting more aggressive actions on China on hold, while pushing forward with moves that the Chinese will perceive positively. That includes the reversal on the H20 chip. The H20 decision was primarily motivated by top Trump officials who agreed with Nvidia's arguments that selling the chip would be better for American technology leadership than withholding it, people familiar with the move say. Want all of The Times? Subscribe.
