And nowhere is a revival more critical than in China, which accounts for close to a third of all global luxury sales. Crucially, Chinese luxury buyers tend to be younger than elsewhere, and online influencers…
Monthly Archives For September 2017
China disrupts WhatsApp messaging service
On Monday, China’s cyber watchdog handed down maximum penalties to some of the country’s top technology firms including Tencent, Baidu and Weibo for failing to properly censor online content. The penalties were imposed for failing…
China orders North Korean businesses closed under UN sanctions
China is North Korea’s main trading partner, making Beijing’s co-operation essential to the success of sanctions aimed at stopping the North’s pursuit of weapons technology BEIJING — China on Thursday ordered North Korean-owned businesses to…
More Luxury Stores Closed in China Over the Last Year Than in Any Other Country
China has seen 62 net closures of luxury brand stores during the surveyed period, the largest number observed by Bernstein among all significant geographies. The firm viewed the trend as a revision of the over-expansion,…
Top 10 sedan brands on China market
The China Association of Automobile Manufactures released the list of the top 10 sedan brands by sales for January to August on its official website on Sept 20. Lavida took the top spot, with sales…
5 Digital Solutions to Market Your “New” Brand in China
Most brands are quite successful in their country. But when they enter China, they need to understand they are starting from scratch. You have to build awareness, get the trust of the consumers and create…
Shanxi brands shine in China-Mongolia Expo
Shanxi brands and specialties are winning wide acclaim at the second China-Mongolia Expo recently opened in Hohhot, Inner Mongolia autonomous region, the fourth stop of the “Shanxi brands China tour” this year. More than 800…
Milled down: China steelmakers slash orders as Beijing war on winter smog nears
QINGDAO, China (Reuters) – China’s steel mills are slashing order books, curbing iron ore purchases and bracing for lower revenue as the government forces factories across the north to halve output this winter in Beijing’s…
For Clues on Where the Dollar Is Heading Next, Look to Beijing
China’s central bank may be playing an increasingly pivotal role in global currency markets. The greenback has done a stunning about turn, with the Bloomberg Dollar Spot Index climbing 2.5 percent from its low on…
China vs North Korea: Beijing hits back and orders CLOSURE of Kim Jong-Un’s firms in China
China has grown tough with the North which has been slapped with UN sanctions following Pyongyang’s sixth nuclear test. Now, the Chinese commerce ministry said the companies, including joint ventures with Chinese firms, have 120…
BRIEF-China’s Chengzhi Yongqing to use Honeywell’s technology to convert coal into plastics
* Says Nanjing Chengzhi Yongqing Energy Technology Co will build its second Methanol-to-Olefins process unit Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story …)
Alibaba, Tencent Among Firms to Set up Branches in China’s New Xiongan Zone
while five focus on green technology. Jingdong Finance, 360 Qihoo, Shenzhen Kuang-Chi, State Development & Investment Corporation, China Telecom, and People’s Insurance Company (Group) of China Ltd. (PICC) are also on the list, Xinhua reported.…
China’s Chengzhi Yongqing To Use Honeywell’s Technology To Convert Coal Into Plastics
DES PLAINES, Ill., Sept. 28, 2017 /PRNewswire/ — Honeywell (NYSE:HON) announced today that Nanjing Chengzhi Yongqing Energy Technology Co. Ltd. will build its second Methanol-to-Olefins (MTO) process unit, which converts methanol from coal and other…
