China sales fell 4 per cent to US$9.16 billion … company in a potential probe as part of a broader review of whether technology giants engage in anticompetitive practices. … ( read original story …)
Monthly Archives For July 2019
Coach Said to Sell on China’s Tmall for Third Time
Coach is partnering with Tmall in China for the third time coming in September, according to market sources. The Tapestry Inc.-owned brand has had a complicated relationship with Alibaba’s … ( read original story …)
China probes small banks’ shareholdings as risk worries persist
China is sharpening its scrutiny of small banks’ shareholders … The regulator also asked the firms if they had disclosed all business transactions with their main owners, according to a regulatory … ( read original…
U.S.-China trade concerns push Wall Street lower; Fed meeting eyed
“Investors are very concerned about how weak Apple’s Chinese business will do,” said Tony Roth … between the world’s two biggest economies resumed on Tuesday, Trump warned China against trying to … ( read original…
Manitoba canola producers face financial crunch amid trade dispute, says KAP president
China, which accounts for about 40 per cent … And he says time is of the essence, with many producers facing a financial deadline of Oct. 31. “That’s when our property taxes are due, that…
China probes small bank shareholdings as risk worries persist
BEIJING/HONG KONG — China is sharpening its scrutiny of small banks’ shareholders amid fears that loans from the lenders to big investors could prove a weak point in the country’s financial … ( read original…
IMAX China Reports Half-Year 2019 Financial Results
IMAX China Holding, Inc. (“IMAX China” or the “Company”, HKG: 1970) today reported first half 2019 Greater China revenue of US$59.3 million, up 15.1% year-over-year, primarily driven by strong growth … ( read original story…
China’s Politburo Vows Action on Trade, Tweaks Stimulus Policy
China’s efforts to shore up sagging economic growth are leading to a resurgence in indebtedness, underlining the challenge President Xi Jinping’s government faces in curbing financial risk. Story … ( read original story …)
Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King
Chinese importers in Russia are buying up to $30 million a day of tether (USDT) from Moscow’s over-the-counter trading desks. They use the cryptocurrency to send large sums back to their home country, … (…
Second-hand market comes in from the cold in China
Chinese consumers became the world’s biggest spenders on luxury brands in 2012, according to consultancy Bain, and account for about a third of global purchases. Sales of pre-owned goods account for … ( read original…
Why China is looking to Shenzhen – and not Hong Kong – to reinvent its economic future
A report by state news agency Xinhua about the meeting gave only a broad description, saying the special status was given to Shenzhen to further boost its “innovation-focused development strategy” so … ( read original…
Liberals defend outreach to ex-China diplomats, reject opposition call for study
CTV News spoke with Saint-Jacques and he said that he doesn’t think … In this case that includes the two Canadians in China: Michael Kovrig and Michael Spavor, as well as the livelhoods of the…
Trump Lashes Out at China ‘Rip Off’ Just as Trade Talks Resume
“China is doing very badly, worst year in 27 — was supposed … That’s a reference to Democratic presidential candidate, former Vice President Joe Biden. Financial markets are on edge about the fate … (…