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Asian news from China

Evelyn Cheng - China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time - cnbc.com - China -  Beijing -  Shenzhen

China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time

SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers in the mass market, Tesla on the premium end and Jeep in the off-road segment.

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Karen Gilchrist - IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks - cnbc.com - China

IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks

The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient" despite inflationary pressures and monetary policy shifts.

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Rohan Goswami - Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand - cnbc.com - China

Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand

Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits.

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Kim Jong - Associated Press - Kim Jong-un’s North Korea buying Chinese surveillance cameras in push to tighten control, report - scmp.com - China - North Korea

Kim Jong-un’s North Korea buying Chinese surveillance cameras in push to tighten control, report

But the isolated country’s digital ambitions have to contend with poor electricity supplies and low network connectivity. Those challenges, and a history of reliance on human methods of spying on its citizens, mean that digital surveillance isn’t yet as pervasive as in China, according to the report, published by the North Korea-focused website 38 North.

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Keith Bradsher - Olaf Scholz - Justin Porter - Wednesday Briefing: China’s Economy Grew Faster Than Expected - nytimes.com - China - Russia -  Beijing - Germany

Wednesday Briefing: China’s Economy Grew Faster Than Expected

China’s National Bureau of Statistics said yesterday that the economy grew 1.6 percent in the first quarter over the previous three months, despite a severe real estate crisis and sluggish spending at home. When projected out for the entire year, the first-quarter data indicates that the economy was growing at an annual rate of about 6.6 percent. China had set a growth target of about 5 percent for the year, a goal that many economists viewed as ambitious.

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China's Gen Z turns frugal as economy doubts linger - asia.nikkei.com - China -  Shanghai - New York

China's Gen Z turns frugal as economy doubts linger

SHANGHAI/NEW YORK -- At 24 years old, Zhang Ru is not a target customer of the Shanghai community dining hall where she has become a regular. Clean and brightly lit, the eatery typically caters to the elderly with its cheap meals of stir-fried Chinese cabbage and braised pork belly.

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Nikkei staff writer - Yuan hits 31-year high against yen on China intervention - asia.nikkei.com -  Tokyo - China

Yuan hits 31-year high against yen on China intervention

TOKYO -- The yuan on Tuesday touched its strongest point against the yen in more than three decades as Chinese authorities stepped in to shore up the currency against an appreciating dollar.

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CK Tan - Nikkei staff writer - China's GDP growth accelerates to 5.3%, defying expectations - asia.nikkei.com - China -  Shanghai

China's GDP growth accelerates to 5.3%, defying expectations

SHANGHAI -- China's gross domestic product growth accelerated to 5.3% on the year in the January-March quarter, suggesting policy support measures are propelling the world's second-largest economy through persistent headwinds.

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