March 15, 2025

China

Finance

Tesla hikes prices in US and China despite rivals’ cuts and incentives

Tesla (TSLA) is hiking prices across a number of regions on the first day of its second quarter. In the US, Tesla hiked prices of its popular Model Y SUV across all three trim levels by $1,000. Tesla did the same in China, with the Model Y Long Range version rising by 5,000 yuan ($675)

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Property

News roundup: ICBC supports stabilisation of China’s property market, and other headlines

Tada Images/Shutterstock For PropertyGuru’s real estate news roundup, the Industrial and Commercial Bank of China pledges its support to stabilize China’s property market. In other headlines, banks invested USD41 billion in Vietnam’s real estate market in 2023, while an entire village in Western Australia that’s up for sale is priced less than a derelict home

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Finance

China Home Sales Drought Persists With Little Recovery Sign

(Bloomberg) — China’s home sales slump dragged on in March, signaling a much-hoped turnaround for the sector isn’t in sight yet. Most Read from Bloomberg The value of new home sales from the 100 biggest real estate companies slid about 46% from a year earlier to 358 billion yuan ($49.6 billion), following a 60% decline

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