Chinese car brands all the rage, and on track to dominate by 2035
By 2035, 43 per cent of cars imported into the country will come from China, where manufacturers are increasingly at the forefront of a shift toward electric vehicles. Chinese manufactured cars make up just 17 per cent of sales now, according to the Centre for International Economics, a research firm engaged by automotive dealers to forecast future demand.

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Sydney Morning Herald
4 hours ago
- Sydney Morning Herald
‘You won't even recognise it': Big plans announced for former Madame Brussels site
One of Melbourne's most storied rooftop bars, the now-closed Madame Brussels, is being transformed into an izakaya-inspired bar and restaurant. Set to open in October, it's the first Japanese venue for new custodian Mamas Dining Group, which also has Vietnamese fusion diner Hochi Mama, recently opened Chinese joint Suzie Q and more. '[Madame Brussels] was such an iconic spot in Melbourne,' says Mamas Dining Group director Thai Ho. 'It definitely brings back a lot of memories of day drinking and weekend mischief … What an opportunity for us to rethink the space and create something else.' Madame Brussels opened in 2006, bringing garden-party vibes and summery cocktails to a Bourke Street rooftop with impressive skyline views. It shut in 2021, with founding hostess and co-owner Miss Pearls, aka Paula Scholes, citing a decline in CBD trade. Soon after, it reopened relatively unchanged, with the same name but new owners: the team behind city cocktail bars Double Happiness and New Gold Mountain.

The Age
4 hours ago
- The Age
‘You won't even recognise it': Big plans announced for former Madame Brussels site
One of Melbourne's most storied rooftop bars, the now-closed Madame Brussels, is being transformed into an izakaya-inspired bar and restaurant. Set to open in October, it's the first Japanese venue for new custodian Mamas Dining Group, which also has Vietnamese fusion diner Hochi Mama, recently opened Chinese joint Suzie Q and more. '[Madame Brussels] was such an iconic spot in Melbourne,' says Mamas Dining Group director Thai Ho. 'It definitely brings back a lot of memories of day drinking and weekend mischief … What an opportunity for us to rethink the space and create something else.' Madame Brussels opened in 2006, bringing garden-party vibes and summery cocktails to a Bourke Street rooftop with impressive skyline views. It shut in 2021, with founding hostess and co-owner Miss Pearls, aka Paula Scholes, citing a decline in CBD trade. Soon after, it reopened relatively unchanged, with the same name but new owners: the team behind city cocktail bars Double Happiness and New Gold Mountain.


The Advertiser
12 hours ago
- The Advertiser
China's leaders vow economy help as US talks in limbo
China's top leaders have pledged to help companies slammed by higher US tariffs but are holding back on major moves after trade talks with the US kept businesses and planners in limbo. At their summer economic planning meeting, the powerful politburo of the ruling Communist Party pledged to stabilise foreign trade and investment. "We must assist foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade," the official Xinhua News Agency said in reporting the closed-door meeting on Wednesday. It mentioned export tax rebates and free trade pilot zones but gave no other specifics. The inconclusive outcome of two days of trade talks in Stockholm, Sweden, leaves open the question of higher tariffs on Chinese exports to the United States. Chinese Vice-Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The US side said the extension was discussed, but not decided. US Treasury Secretary Scott Bessent told reporters after the talks that President Donald Trump would decide whether to extend the August 12 deadline for an agreement or to let tariffs that have been paused for 90 days return to a higher level. "We haven't given the sign-off," Bessent said, though he emphasised that the talks had been "very constructive". China remains one of the biggest challenges for the Trump administration after it has struck deals over elevated tariff rates with other key trading partners, including Britain, Japan and the European Union. Many analysts had expected the Stockholm talks to result in an extension of current tariff levels, which stand at a US tariff of 30 per cent on Chinese goods and a Chinese tariff of 10 per cent on US products, far lower than the triple-digit percentage rates raised in April. The truce in the tariffs war to allow time for talks allowed exporters and other traders to ramp up shipments in hopes of beating any higher tariffs that might follow. The meeting headed by Chinese leader Xi Jinping mostly reiterated Beijing's priorities for the year, including a need to "unleash domestic demand", which has lagged, leading to a surge of exports by industries unable to find growth at home. It also stressed the need to promote jobs and prevent a "large-scale relapse into poverty". The economy "has demonstrated strong vitality and resilience", the Xinhua report said, but it acknowledged many risks and challenges. That includes reining in brutal competition that has led to damaging price wars among auto makers and some other manufacturers and managing excess capacity in some industries, it said. China's economy expanded at a 5.2 per cent annual pace in April-June, slowing slightly from the previous quarter. Even with the hiatus in higher tariffs, companies are feeling a pinch. Industrial profits in China fell 1.8 per cent in the first half of the year and 4.3 per cent in June, according to data released this week. China's top leaders have pledged to help companies slammed by higher US tariffs but are holding back on major moves after trade talks with the US kept businesses and planners in limbo. At their summer economic planning meeting, the powerful politburo of the ruling Communist Party pledged to stabilise foreign trade and investment. "We must assist foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade," the official Xinhua News Agency said in reporting the closed-door meeting on Wednesday. It mentioned export tax rebates and free trade pilot zones but gave no other specifics. The inconclusive outcome of two days of trade talks in Stockholm, Sweden, leaves open the question of higher tariffs on Chinese exports to the United States. Chinese Vice-Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The US side said the extension was discussed, but not decided. US Treasury Secretary Scott Bessent told reporters after the talks that President Donald Trump would decide whether to extend the August 12 deadline for an agreement or to let tariffs that have been paused for 90 days return to a higher level. "We haven't given the sign-off," Bessent said, though he emphasised that the talks had been "very constructive". China remains one of the biggest challenges for the Trump administration after it has struck deals over elevated tariff rates with other key trading partners, including Britain, Japan and the European Union. Many analysts had expected the Stockholm talks to result in an extension of current tariff levels, which stand at a US tariff of 30 per cent on Chinese goods and a Chinese tariff of 10 per cent on US products, far lower than the triple-digit percentage rates raised in April. The truce in the tariffs war to allow time for talks allowed exporters and other traders to ramp up shipments in hopes of beating any higher tariffs that might follow. The meeting headed by Chinese leader Xi Jinping mostly reiterated Beijing's priorities for the year, including a need to "unleash domestic demand", which has lagged, leading to a surge of exports by industries unable to find growth at home. It also stressed the need to promote jobs and prevent a "large-scale relapse into poverty". The economy "has demonstrated strong vitality and resilience", the Xinhua report said, but it acknowledged many risks and challenges. That includes reining in brutal competition that has led to damaging price wars among auto makers and some other manufacturers and managing excess capacity in some industries, it said. China's economy expanded at a 5.2 per cent annual pace in April-June, slowing slightly from the previous quarter. Even with the hiatus in higher tariffs, companies are feeling a pinch. Industrial profits in China fell 1.8 per cent in the first half of the year and 4.3 per cent in June, according to data released this week. China's top leaders have pledged to help companies slammed by higher US tariffs but are holding back on major moves after trade talks with the US kept businesses and planners in limbo. At their summer economic planning meeting, the powerful politburo of the ruling Communist Party pledged to stabilise foreign trade and investment. "We must assist foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade," the official Xinhua News Agency said in reporting the closed-door meeting on Wednesday. It mentioned export tax rebates and free trade pilot zones but gave no other specifics. The inconclusive outcome of two days of trade talks in Stockholm, Sweden, leaves open the question of higher tariffs on Chinese exports to the United States. Chinese Vice-Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The US side said the extension was discussed, but not decided. US Treasury Secretary Scott Bessent told reporters after the talks that President Donald Trump would decide whether to extend the August 12 deadline for an agreement or to let tariffs that have been paused for 90 days return to a higher level. "We haven't given the sign-off," Bessent said, though he emphasised that the talks had been "very constructive". China remains one of the biggest challenges for the Trump administration after it has struck deals over elevated tariff rates with other key trading partners, including Britain, Japan and the European Union. Many analysts had expected the Stockholm talks to result in an extension of current tariff levels, which stand at a US tariff of 30 per cent on Chinese goods and a Chinese tariff of 10 per cent on US products, far lower than the triple-digit percentage rates raised in April. The truce in the tariffs war to allow time for talks allowed exporters and other traders to ramp up shipments in hopes of beating any higher tariffs that might follow. The meeting headed by Chinese leader Xi Jinping mostly reiterated Beijing's priorities for the year, including a need to "unleash domestic demand", which has lagged, leading to a surge of exports by industries unable to find growth at home. It also stressed the need to promote jobs and prevent a "large-scale relapse into poverty". The economy "has demonstrated strong vitality and resilience", the Xinhua report said, but it acknowledged many risks and challenges. That includes reining in brutal competition that has led to damaging price wars among auto makers and some other manufacturers and managing excess capacity in some industries, it said. China's economy expanded at a 5.2 per cent annual pace in April-June, slowing slightly from the previous quarter. Even with the hiatus in higher tariffs, companies are feeling a pinch. Industrial profits in China fell 1.8 per cent in the first half of the year and 4.3 per cent in June, according to data released this week. China's top leaders have pledged to help companies slammed by higher US tariffs but are holding back on major moves after trade talks with the US kept businesses and planners in limbo. At their summer economic planning meeting, the powerful politburo of the ruling Communist Party pledged to stabilise foreign trade and investment. "We must assist foreign trade enterprises that have been severely impacted, strengthen financing support, and promote the integrated development of domestic and foreign trade," the official Xinhua News Agency said in reporting the closed-door meeting on Wednesday. It mentioned export tax rebates and free trade pilot zones but gave no other specifics. The inconclusive outcome of two days of trade talks in Stockholm, Sweden, leaves open the question of higher tariffs on Chinese exports to the United States. Chinese Vice-Premier He Lifeng said the two sides had agreed to work on extending a deadline for higher tariffs. The US side said the extension was discussed, but not decided. US Treasury Secretary Scott Bessent told reporters after the talks that President Donald Trump would decide whether to extend the August 12 deadline for an agreement or to let tariffs that have been paused for 90 days return to a higher level. "We haven't given the sign-off," Bessent said, though he emphasised that the talks had been "very constructive". China remains one of the biggest challenges for the Trump administration after it has struck deals over elevated tariff rates with other key trading partners, including Britain, Japan and the European Union. Many analysts had expected the Stockholm talks to result in an extension of current tariff levels, which stand at a US tariff of 30 per cent on Chinese goods and a Chinese tariff of 10 per cent on US products, far lower than the triple-digit percentage rates raised in April. The truce in the tariffs war to allow time for talks allowed exporters and other traders to ramp up shipments in hopes of beating any higher tariffs that might follow. The meeting headed by Chinese leader Xi Jinping mostly reiterated Beijing's priorities for the year, including a need to "unleash domestic demand", which has lagged, leading to a surge of exports by industries unable to find growth at home. It also stressed the need to promote jobs and prevent a "large-scale relapse into poverty". The economy "has demonstrated strong vitality and resilience", the Xinhua report said, but it acknowledged many risks and challenges. That includes reining in brutal competition that has led to damaging price wars among auto makers and some other manufacturers and managing excess capacity in some industries, it said. China's economy expanded at a 5.2 per cent annual pace in April-June, slowing slightly from the previous quarter. Even with the hiatus in higher tariffs, companies are feeling a pinch. Industrial profits in China fell 1.8 per cent in the first half of the year and 4.3 per cent in June, according to data released this week.