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Summer McIntosh narrowly misses 200 fly WR at worlds
Summer McIntosh narrowly misses 200 fly WR at worlds

Canada News.Net

time4 hours ago

  • Sport
  • Canada News.Net

Summer McIntosh narrowly misses 200 fly WR at worlds

(Photo credit: REUTERS/Tingshu Wang) Canada's Summer McIntosh dominated the 200-meter butterfly on Thursday to claim her third gold medal in as many races at the world championships in Singapore. The 18-year-old's winning time of 2:01.99 was just shy of the world record of 2:01.81 set by China's Liu Zige in 2009, which stands as the oldest world record in women's swimming. As it stands, McIntosh set the second-fastest time in history and broke her personal best of 2:02.21 at last month's Canadian trials. It's her third straight worlds gold in the 200 fly, in which she also won gold at last year's Olympics. On Thursday, McIntosh easily outpaced American rival Regan Smith, who was never a threat despite taking silver with a time of 2:04.99. Smith's final split of 32.19 helped her move past Australia's Elizabeth Dekkers, who won bronze in 2:06.12. While McIntosh now owns three of the top four times in history, she admitted falling 0.18 short of the world record was disappointing. 'Going into tonight, my coach and I, our big goal was to break that world record,' McIntosh said, per Swimming World magazine. 'It's what I've been training for. To see that I missed it by that little, and I know that I messed up the last 15 meters of my race. 'Overall, happy with the time and a (personal best), but I didn't reach my goal tonight. Happy with the gold, happy with the win, just going to keep pushing forward.' McIntosh added the 200 freestyle to golds in the 400 freestyle and the 200 individual medley earlier in the meet as she attempts to equal American Michael Phelps' record of five individual golds in a single worlds. Next up is a highly anticipated showdown against six-time world champion Katie Ledecky in the 800 freestyle, where the finals are scheduled for Saturday. If she can claim gold in the 800, Phelps' record will be very much in reach. McIntosh's final race of the meet is Sunday's 400 IM, an event she has never lost during her international career and set the world record in yet again last month. On the men's side, French star Leon Marchand won gold in the 200 IM with a time of 1:53.68, coming just short of beating his own world record set the previous day. American Shaine Casas claimed silver with a personal best of 1:54.30.

China releases draft law amendment to help curb price wars
China releases draft law amendment to help curb price wars

Straits Times

time24-07-2025

  • Business
  • Straits Times

China releases draft law amendment to help curb price wars

Find out what's new on ST website and app. FILE PHOTO: A view of the financial district of Pudong is reflected on a bus passing by, in Shanghai, China September 27, 2024. REUTERS/Tingshu Wang/File Photo BEIJING - China released a draft amendment to its pricing law on Thursday as part of efforts to curb excessive competition and price wars among firms, amid persistent deflationary pressures. Chinese leaders have signaled they will rein in price wars among producers as expectations grow for a new round of factory capacity cuts in a long-awaited but challenging campaign against deflation - a move that could pose risks to economic growth. Under the proposed revisions, apart from lawful discounts on seasonal or overstocked goods, or other legitimate reasons for price cuts, firms will be prohibited from selling below cost to drive out competitors or monopolise the market, and from forcing others to adopt similar pricing practices. The draft law, published on the website of the National Development and Reform Commission (NDRC) - the state planner, also stipulates that firms cannot use data, algorithms, or technology to engage in improper pricing behaviors. The NDRC and the State Administration for Market Regulation said in a statement that China's economic landscape has changed significantly since the current pricing law was adopted in 1998. "The vast majority of goods and services prices are now formed by the market, new economic forms and business models are constantly emerging, and issues such as disorderly low-price competition in some industries have become prominent," they said. China will refine standards for identifying price collusion, price gouging, price discrimination and other unfair pricing practices, and take steps to address "involution-style" competition, the state agencies said. The draft amendment, which is open for public comment until August 23, also proposes tougher penalties for unfair pricing practices, including higher fines for violations of clear price marking requirements. China's producer prices dropped for the 33rd month in June. REUTERS

Life atop China's car market starting to look shaky
Life atop China's car market starting to look shaky

The Star

time21-07-2025

  • Automotive
  • The Star

Life atop China's car market starting to look shaky

FILE PHOTO: The BYD logo is displayed at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo SHANGHAI: Life at the top is proving complex for China's leading automaker, and there are fresh challenges on the horizon. BYD Co's monthly sales have stagnated of late and with the summer months being a traditionally slower time for consumer purchases, that trajectory isn't expected to reverse any time soon. Discounting is also now being looked sternly upon by Beijing, with China last week pledging to rein in 'irrational competition' in the electric vehicle (EV) sector, reflecting the authorities' wish to tackle the deflationary price wars that are threatening economic and industrial growth. Some of BYD's international forays are also proving more challenging than expected, raising the question, is China's No 1 automaker on shaky ground? The Shenzhen-based behemoth currently looks like it will undershoot its annual sales target for 2025, in what would be a rare miss after a multi-year bull run. The number of electric and hybrid vehicles BYD needs to sell each month through December has hit 560,000 units, in excess of levels it could hope to achieve typically in a single month. The most vehicles BYD has ever sold in a month was just shy of 515,000, in December last year. Analysts are now doubting whether BYD can hit 5.5 million units in 2025. Consensus estimates continue to be downgraded. Deutsche Bank AG earlier this month said it now expects five million in wholesales, or deliveries to dealers, for this year, comprising four million domestic units and one million overseas, while Morgan Stanley last month lowered its projection to 5.3 million, pointing to a smaller number of new models. Bloomberg Intelligence's Joanne Chen said BYD would need to sacrifice some profit and maintain its hefty discounting in the second half if it wants to stay on track. 'Regulatory scrutiny will temper direct cuts to vehicle sticker prices but competition isn't going away and retail promotions are still needed to sustain sales momentum,' she said. 'New model rollouts and steady tech upgrades are also crucial.' Bing Yuan, a fund manager at Edmond de Rothschild Asset Management, said many market watchers now realistically expect sales of around five million. 'My sense is that is the consensus,' she said. Stripping out overseas and commercial sales, BYD's core car deliveries in China are shrinking. In June, they slipped 8% year-on-year as vehicles from brands like Zhejiang Geely Holding Group Co, Xpeng Inc and Xiaomi Corp won over buyers. HSBC Holdings Plc data showed that Geely was the largest gainer of market share in the first half, while BYD was among the biggest losers. — Bloomberg

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