China Summons Top Carmakers Over ‘Zero-Mileage' Used Vehicles
The meeting, which was set to take place Tuesday afternoon, also included industry bodies such as the China Automobile Dealers Association and online car distribution channels, according to a memo shared by Li Yanwei, an official at the dealers' association, on Weibo.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
SIEW 2025 Registration Opens: Envisioning Energy Tomorrow, Building Systems Today
SINGAPORE, July 31, 2025 /PRNewswire/ -- Registration is now open for the 18th Singapore International Energy Week (SIEW), happening from 27 to 31 October in Singapore. Organised by the Energy Market Authority (EMA), SIEW 2025 will explore the theme "Envisioning Energy Tomorrow, Building Systems Today", highlighting the urgent need to develop secure, sustainable, and affordable energy systems for the future. 2. SIEW 2025 will bring together key industry leaders including: Governments and International Organisations H.E. Dr Saleh Ali Hamed Al Kharabsheh, Minister of Energy and Mineral Resources, Hashemite Kingdom of Jordan H.E. Eddy Soeparno, People's Consultative Assembly Vice Speaker, Republic of Indonesia Clare McLaughlin, Australia's Governor to the International Energy Agency, and Head of Division, Energy Performance and Security, Australia Dr Fatih Birol, Executive Director, International Energy Agency Francesco La Camera, Director-General, International Renewable Energy Agency Xin Bao'an, Chairman, Global Energy Interconnection Development and Cooperation Organisation Dr Sama Bilbao y León, Director General, World Nuclear Association Dato' Ir. Ts. Razib Dawood, Executive Director, ASEAN Centre for Energy Regulators and Utilities Judy Chang, Commissioner, United States Federal Energy Regulatory Commission Siti Safinah binti Salleh, Chief Executive Officer, Energy Commission, Malaysia Mark McAllister, Chairman, Office of Gas and Electricity Markets, United Kingdom Datuk Ir. Megat Jalaluddin bin Megat Hassan, Chief Executive Officer, Tenaga Nasional Berhad, Malaysia Industry Andy Piepel, Vice President R&D, Electrical Markets Division, 3M Dr Owen Chen, Chief Technology Officer & Vice President, Concord New Energy Group Lim Wee Seng, Group Head of Sustainability, Energy, Renewables & Infrastructure, Project Finance and Strategic Advisory, Institutional Banking Group, DBS Bank Dominic Genetti, Senior Vice President, Carbon Capture and Storage, ExxonMobil Low Carbon Solutions Pablo Koziner, Chief Commercial & Operations Officer, GE Vernova Peter Wong, Executive Director and Managing Director, Hong Kong and China Gas Company Takao Tsukui, President and CEO, Mitsubishi Power Leong Wei Hung, Chief Executive Officer, Singapore LNG Corporation Thorbjörn Fors, Group Senior Vice President and Managing Director of Asia Pacific, Siemens Energy 3. Flagship events at SIEW 2025 include: I. SIEW Summit: Plenary sessions addressing energy resilience, the role of AI, grid integration, natural gas markets, and financing for infrastructure. II. Singapore-IEA Forum: Explores AI's role in smarter, more resilient energy systems and Asia's energy landscape. III. Fifth Singapore- IRENA High-Level Forum: Focuses on regional connectivity and renewable energy investments. IV. The Energy Insights, TechTable, and Thinktank Roundtables will spotlight innovations like small modular reactors, biomethane, and AI-powered low-carbon infrastructure. V. 25th Conference of the Electric Power Supply Industry (CEPSI): Hosted by SP Group, CEPSI will examine regional power sector collaboration and system modernisation across Asia Pacific. VI. SG60@SIEW Energy Showcase: Marks Singapore's 60-year energy journey, spotlighting policy innovations and technologies shaping its future to 2065. 4. Held alongside SIEW 2025, partner events will spotlight evolving energy solutions in Asia: I. Asia Clean Energy Summit: Clean energy innovations from the private sector II. Asia Gas Markets Conference: Role of gas, hydrogen and carbon capture in the energy mix III. Asian Downstream Summit (ADS) | Asian Refining Technology Conference (ARTC) | Ammonia & Carbon Capture Asia (ACCA): Low-carbon tech and digitalisation in industrial energy transformation 5. Register at to enjoy early bird rates and bundled discounts. About the Singapore International Energy Week SIEW is an official trademarked event by the EMA. It is an annual platform for energy professionals, policymakers and commentators to discuss and share best practices and solutions within the global energy space. View original content to download multimedia: SOURCE Energy Market Authority
Yahoo
19 minutes ago
- Yahoo
China's manufacturing activity shrinks as exports drag, S&P PMI shows
BEIJING (Reuters) -China's factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday. The S&P Global China General Manufacturing PMI fell to 49.5 in July from 50.4 in June, undershooting analysts' expectations of 50.4 in a Reuters poll. The 50-mark separates growth from contraction. The reading, combined with Thursday's official survey, bodes ill for growth momentum at the start of the third quarter, following robust growth in the first half of the year. Amid a trade truce with Washington, economists say the support of exports front-loading ahead of higher U.S. tariffs to the world's second-biggest economy may fade over the remainder of the year. According to the S&P Global survey, new export orders contracted for a fourth straight month and at a faster pace than in June. After rising in June, manufacturing output declined in July. Firms looked to utilise their current stock holdings for the fulfilment of orders, which contributed to a second successive monthly decline in post-production inventories. Falling production together with a stable backlog prompted factory owners to lower their headcount in July. Firms also said cost concerns had underpinned decisions to shed staff. However, business sentiment improved at the start of the second half of 2025 but was still below the series average. Manufacturers expected better economic conditions and promotional efforts to spur sales in the year ahead. As Beijing started to tackle "price wars" among manufacturers, average input prices increased for the first time in five months. Firms nevertheless lowered their selling prices again as competition for new business intensified. But export charges increased at the fastest pace in a year due to rising shipping and logistics costs. Top leaders on Wednesday pledged to support an economy that is facing various risks, by managing what is viewed as disorderly competition in the second half of the year. Markets expected that Beijing may be about to start a new round of factory capacity cuts in a long-awaited but challenging campaign against deflation. From July, Caixin no longer sponsors the S&P Global China PMI. Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Nvidia says no 'backdoors' in chips as China questions security
Nvidia chips do not contain "backdoors" allowing remote access, the US tech giant has said, after Beijing summoned company representatives to discuss "serious security issues". The California-based company is a world-leading producer of AI semiconductors, and this month became the first company to hit $4 trillion in market value. But it has become entangled in trade tensions between China and the United States, and Washington effectively restricts which chips Nvidia can export to China on national security grounds. "Cybersecurity is critically important to us. Nvidia does not have 'backdoors' in our chips that would give anyone a remote way to access or control them," Nvidia said in a statement Thursday. A key issue has been Chinese access to the "H20" -- a less powerful version of Nvidia's AI processing units that the company developed specifically for export to China. Nvidia said this month it would resume H20 sales to China after Washington pledged to remove licensing curbs that had halted exports. But the tech giant still faces obstacles -- US lawmakers have proposed plans to require Nvidia and other manufacturers of advanced AI chips to include built-in location tracking capabilities. Beijing's top internet regulator said Thursday it had summoned Nvidia representatives to discuss recently discovered "serious security issues" involving the H20. The Cyberspace Administration of China said it had asked Nvidia to "explain the security risks of vulnerabilities and backdoors in its H20 chips sold to China and submit relevant supporting materials". China is aiming to reduce reliance on foreign tech by promoting Huawei's domestically developed 910C chip as an alternative to the H20, said Jost Wubbeke of the Sinolytics consultancy. "From that perspective, the US decision to allow renewed exports of the H20 to China could be seen as counterproductive, as it might tempt Chinese hyperscalers to revert to the H20, potentially undermining momentum behind the 910C and other domestic alternatives," he said. Other hurdles to Nvidia's operations in China are the sputtering economy, beset by a years-long property sector crisis, and heightened trade headwinds under US President Donald Trump. CEO Jensen Huang said during a visit to Beijing this month that the company remained committed to serving local customers, adding that he had been assured during talks with top Chinese officials that the country was "open and stable". ll-pfc-kaf/oho/sco Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
