Cola, GM, Estee Lauder and others got a lift in the third quarter from Chinese consumers spending big, even as a surge in Covid-19 cases in the U.S. and Europe tempers demand elsewhere. ( read…
Monthly Archives For November 2020
Toyota, Honda Rely on Resurgent China for Growth
Japanese car makers more than double their profit forecasts as recovery from the pandemic picks up the pace, getting a bigger share of the Chinese market in recent months. ( read original story …)
China Is Building Another Stealth Fighter, But No One is Buying
Militaries are always learning from experience and upgrading their weapons. In this regard, Beijing is no different from Washington. ( read original story …)
Sunny Duong, accused of having links to Beijing, vows to fight foreign interference charge
Sunny Duong, who is being prosecuted under new national security laws, says he has never lived in China … ( read original story …)
China’s Big Squeeze Puts Banks Under Rising Pressure
The profit contraction among China’s large banks has slowed, but there is no prospect of a meaningful recovery while interest-rate policies leave lenders under pressure. ( read original story …)
China says has never interfered in other countries’ affairs
China has never interfered in other countries’ affairs nor does it have any interest in doing so, a foreign ministry spokesman said on Friday, in response to Australia charging the first person under … (…
The Latest: China bans foreigners from 8 virus-hit countries
China has temporarily banned the entry of foreigners from at least eight countries as COVID-19 cases rise in Europe and elsewhere. Non-Chinese can no longer enter from … ( read original story …)
European gloom outweighs China boom for Richemont
Profits tumbled at Richemont during the first half of its non-standard financial year, the Swiss luxury giant said Friday, as pandemic gloom in Europe outweighed booming Chinese sales. ( read original story …)
China’s Central Bank Says Ant’s IPO Suspension Is to Safeguard Consumer, Investor Interests
The decision to suspend Ant Group’s planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior … ( read original story …)
Australia tells exporters to find other markets after rise in China tensions
Canberra has advised Australian businesses to seek new export markets and reduce their reliance on China as a worsening dispute threatens up to A$6bn in annual trade. Government officials delivered … ( read original story…
Hong Kong leader Lam discussed coronavirus, economic relief with Beijing
Hong Kong leader Carrie Lam said on Friday she had discussed coronavirus controls and economic relief measures with mainland Chinese officials during her three-day trip to Beijing and that the central … ( read original…
Beijing Strangles Hong Kong Even Tighter
A new proposal would destroy any semblance of the city’s autonomy and its residents’ freedom. ( read original story …)
China’s central bank says it won’t be hasty with policy changes
China’s central bank will consider policy changes as the economy recovers, but it will not make hasty moves and any shifts would be based on accurate economic assessments, a vice governor of the … (…
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