After Zhang Xiaoming, director of the State Council’s Hong Kong and Macao Affairs Office, said last week that revision of Hong Kong’s extradition laws is an urgent matter for the city, another senior … (…
Monthly Archives For May 2019
Trade war forcing China to ‘rethink economic ties’ with the US
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post. Treasury Secretary Steven Mnuchin is scheduled to testify … ( read original story…
Brands tell Chinese mothers’ stories
While only it’s recently become commercial in China despite its worldwide popularity, Mother’s Day is the perfect opportunity for brands to drive sales through targeted and emotionally-charged … ( read original story …)
Starbucks’ China challenger Luckin Coffee shares fall below IPO price
Luckin Coffee shares fell below their IPO price Wednesday. The Beijing-based company is trying to overtake global giant Starbucks as the biggest coffee chain in China. The start-up has expanded … ( read original story…
Apple’s China business faces another blow from Trump’s Huawei ban
The U.S. crackdown on Huawei Technologies Co. could make Apple Inc.’s already troubled business in China even more difficult, hobbling iPhone sales in the world’s biggest smartphone market and … ( read original story …)
Trudeau toughens tone against China as Canadian delegation presses for release of detainees
Last week, President Donald Trump signed an executive order giving his government the power to ban U.S. companies from doing business with foreign telecommunications suppliers that are alleged to pose … ( read original story…
Apple profit risks rise amid US-China trade fight, analyst says
Apple’s China business accounted for more than 17% of its sales in its fiscal second quarter, coming in at $10.22 billion. China is considering cutting natural gas purchases from the U.S. in its … (…
Shares of Saudi shopping mall giant slip in major IPO launch
Treasury Secretary Mnuchin says no plans to go to Beijing for… Treasury Secretary Steven Mnuchin … DUBAI — One of Saudi Arabia’s largest initial public offerings (IPO) in five years has slipped … ( read…
China Mobile expects 5G license this year as it watches Huawei developments
HONG KONG (Nikkei Markets) — China Mobile, the world’s largest mobile services provider by subscribers, expects to secure a license this year to provide commercial services based on high-speed … ( read original story …)
Prepare for difficult times, China’s Xi urges as trade war simmers
and saw several mobile carriers on Wednesday delay the launch of new Huawei smartphone handsets. During a three-day trip this week to the southern province of Jiangxi, a cradle of China’s … ( read original…
U.S.-China trade dispute could last ‘not just over months or years, but even decades’
on Yahoo Finance’s YFi AM. American presidents’ efforts to address the rise of China is nothing new. Smart said Bill Clinton may be credited as the first president to lead the charge. … ( read…
China cuts taxes to spur chip makers in face of U.S. pressure
BEIJING — China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry’s announcement … ( read original story …)
Bank of China Council Member: Owning Bitcoin Is Still Legal in China
Holding Bitcoin Is Still Legal in China China has been one of the strictest countries for cryptocurrency enthusiasts due to the ban imposed on some crypto activities in the country. However, it is … (…
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