… at a conference this week to help narrow their trade deficits with Beijing by shifting more manufacturing to their continent, the chief executive of the biggest African bank said. China has passed … (…
Monthly Archives For September 2018
Bank chief: BRI boosts growth of continent
Akinwumi A. Adesina, president of the African Development Bank. [Provided to China Daily] The president of the African Development Bank said on Tuesday that the Belt and Road Initiative has helped unl… ( read original…
Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform
The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform, local news outlet Shanghai Securities News reported September 4. The Shenzhen Centra… ( read original story …)
China points to other gains in hopes of easing US trade ire
China is trying to defuse a spiraling tariff war with Washington over technology policy by highlighting gains in other trade-related areas. The Cabinet press office invited The Associated Press to … ( read original story…
China pledge of $60bn loans to Africa sparks anger at home
Mr Xi’s pledges involved a combination of grants, low-interest loans, financial investment and trade finance. But in China’s state media on Tuesday, such overseas commitments were presented as “aid” o… ( read original story …)
China’s policy choices crucial for global financial stability
The British historian Arnold Toynbee remarked that America was a large, friendly dog in a very small room and that every time it wagged its tail it knocked over a chair. If he had lived…
When it comes to China marketing, what’s new may not be what’s best
It’s an easy way to let the numbers fool you – yes, there will be millions of users because there are hundreds of millions of people in China. Michael Kors was the first luxury brand…
China Explores Megamerger of Mobile-Phone Carriers
China is exploring a merger between two of the nation’s three wireless carriers to speed up the development of 5G mobile services amid a race with the U.S. over the technology, according to people fam……
China shares recover as central bank yuan support lifts investor mood
Mainland Chinese stock markets rose on Tuesday after the central bank acted to bolster the yuan currency, giving sentiment a boost amid a series of issues that have left many investors unsettled. At t… (…
Luxury fashion and the US-China trade war: are US brands still primed for rapid growth, or will European rivals benefit?
The trade war between China and the United States has made some Chinese consumers think negatively about America. Yet US luxury brands in China, from Ralph Lauren to Tiffany, are in a position of stre……
China explores merger of carriers China Unicom, China Telecom: Bloomberg
The merger, if it went ahead, would see state-controlled China Unicom merged with China Telecom, creating a combined carrier with a market capitalization of over $70 billion. The new firm would … ( read original…
Influencer Marketing in 2018: What Luxury Brands in China Need to Know
Age, it seems, plays a vital role in the effectiveness of celebrity endorsements in China, according to a new report released on August 27 by the New York-based data intelligence firm Gartner L2 title… (…
A Slice of Snails? Sluggish Demand Mires Pizza Hut, KFC in China
China’s once voracious appetite for American fast food is waning as consumers are lured away by emerging domestic chains and food-delivery apps. Two years after owner Yum Brands Inc. YUM 1.39% spun of… ( read…
