This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) shares slipped 1% Thursday as rising competition from Chinese automakers adds pressure across electric vehicles, hybrids, gasoline cars and automotive software, according to a Thursday report. Chinese manufacturers are expanding overseas as weaker domestic demand pushes them toward international markets. Their exports now include lower-cost combustion and…
Hong Kong has raised its full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent after expansion of 4.3 per cent in the second quarter, supported by buoyant external trade and resilient domestic demand. Releasing its half-yearly economic report on Friday, the government revised its 2026 growth forecast from the…
Hong Kong’s economy expanded by 4.3 per cent year on year in the second quarter of 2026, with the government expecting “solid growth” to continue for the remainder of the year. A government spokesman attributed the robust momentum to buoyant external trade and resilient domestic demand. “Looking ahead, the Hong Kong economy should continue to…
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed at governing the country’s largest source of tax revenue and set to come into effect early next year. The regulations, released for public consultation in August and approved on Friday, outline detailed rules for enforcing the VAT…