For the better part of this year, China has experienced a slump in the most opulent of sectors. Sales for luxury powerhouses like LVMH, Richemont, and Burberry have fallen in the region that once seemed…
Monthly Archives For November 2024
Scholars: Increasing imports will help China, world
Imports allow China to bring in products that are urgently needed in the domestic economy but cannot be produced domestically, thereby increasing the vibrancy and innovation capabilities of the …
Audi unveils new EV brand in China without four ring logo
Audi on Thursday unveiled a new electric vehicle brand in China whose cars will sport just the name AUDI and not its signature four-ring logo, a move aimed at attracting younger customers in the world…
Is the return of Donald Trump China’s dream or nightmare?
His re-election is unlikely to shake those views. The challenge facing China’s rulers is to take advantage of Mr Trump’s comeback, while avoiding the dangers of a second Trump administration. For Xi …
Shiseido Lowers Full-Year Forecast As China Weakness Persists
Shiseido Co. slashed its profit outlook for the year as the Japanese cosmetics giant reported a plunge in net income amid a persistent slump in the key Chinese market.
Trade, Taiwan and now Trump: China braces for a volatile new era in U.S. ties
One person it may turn to for help is tech billionaire Elon Musk, a devoted Trump supporter with extensive business interests in China who is wildly popular there. “The Chinese are hoping that he will…
China advances in developing “Death Star”-like microwave weapon able to destroy satellites
Chinese scientists have advanced in developing a high-power microwave weapon system that uses multiple transmitting vehicles to synchronize electromagnetic waves into a single, focused beam.
Volkswagen vs. China’s state-backed EVs: A battle for survival in the world’s largest market
From price wars to political hurdles, Volkswagen faces a myriad of challenges in China’s rapidly evolving EV market.
Italy opens procedure against China’s Sinochem for possible breach of Pirelli governance
MILAN (AP) — Italy has opened an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, for a possible breach of restrictions designed to protect national strategic assets. Pirelli announced Wednesday …
China, already grappling with a weak economy, braces for Trump’s return
China is bracing for an unpredictable four years when Donald Trump returns to the White House, with the potential for renewed tensions over trade and Taiwan, but also opportunities for Beijing to play a greater…
China’s 100 Richest 2024: Combined Wealth Climbs Back To $1 Trillion After A Two-Year Decline
Another notable gainer is Zhu Yi, chairman of Biokin Pharmaceutical, whose net worth more than doubled to $8.2 billion. The company’s subsidiary, SystImmune, signed an $8.4 billion deal last year with …
China’s central bank pauses gold purchases for sixth straight month
China’s central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released on Thursday. China’s gold holdings stood at 72.8 …
AP explains: Beijing prepares for friction with Washington after Trump victory
Trade and the self-ruled island of Taiwan are among the issues predicted to bring friction to the relationship between Chinese leadership and the administration of President-elect Donald Trump.
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