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Tesla offers incentives in China to prop up sales

Bloomberg Tesla Inc is starting 2023 as it ended 2022: with incentives aimed at propping up sales in China. The carmaker is offering Model 3 sedan and Model Y sport utility vehicle buyers as much as 10,000 yuan ($1,450) if they take delivery by February 28, according to Tesla’s website. The company is extending a 6,000-yuan subsidy it started offering ...

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Taiwan set to deploy $12.4b funds to support economy

  Bloomberg The Taiwanese government is planning to deploy NT$380 billion ($12.4 billion) of funds to support the local economy and combat inflation amid global uncertainties, the presidential office said. Some of the funds, which come from higher-than-expected tax revenue this year, will be used to meet a shortfall in the labor and health insurance system and to provide subsidies ...

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South Korea exports extend drop after risks to economy escalate

  Bloomberg South Korea’s exports continued to decline in December in a sign of cooling global demand as higher interest rates weigh on consumption. Overseas shipments dropped 9.5% from a year earlier, compared with economists’ forecasts for an 11.1% decline, according to data by the trade ministry. Imports fell 2.4%. The trade shortfall was $4.7 billion in December, resulting in ...

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