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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on February 18, 2025

    Featured image for article about Headlines

    BEIJING (Reuters) - China's electric vehicles are around three to five years ahead of the competition in terms of products, technology and the industrial chain, BYD's CEO Wang Chuanfu said in an interview with China's national television broadcaster.

    Wang was interviewed on Monday after Chinese President Xi Jinping's symposium with some of the biggest names in China's technology sector. Wang was among the business leaders who spoke at the meeting.

       China overtook Japan in 2023 as the world's largest auto exporter, but its electric vehicle exports face tariffs from the United States and the European Union, with the EU imposing 17.0% tariff on BYD's EVs.

    Wang, in an interview with Yuyuan Tantian, a social media account affiliated with Chinese state broadcaster CCTV, said that protectionism does not work for good products. Consumers' approval is motivating the EV maker to "overcome various difficulties", he added.

    (Reporting by Xiuhao Chen and Ryan Woo, editing by Ed Osmond and Angus MacSwan)

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