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China's export growth in September slowed to 2.4%, marking its weakest level since May, due to reduced shipments to key markets and rising trade tensions. Imports saw a minimal increase, contributing to a substantial trade surplus of $82 billion for September. Notably, Russian purchases of Chinese goods surged to a record $11 billion.
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News and Media
Chinese and European automakers face off at the Paris car show amid EU plans for hefty import tariffs on Chinese EVs. Chinese brands caution higher prices could dissuade consumers while pushing forward with European market expansions, despite new EU duties of up to 45% on Chinese-made vehicles.
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Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors for its upcoming IPO, allotting shares at Rs 1,960 per share. The IPO, exclusively an offer for sale, will see proceeds go to Hyundai Motor Global. Operating with high capacity utilization, Hyundai plans to drive innovation using the raised funds, while maintaining strong revenue and profit growth.
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