China’s economic malaise is taking down some of its rising consumer startup stars, which had been hyped as the country’s replacement for Western brands from Coca-Cola Co. to Haagen Dazs Co.
BUSINESS
India’s Apr-Jan steel imports at six-year high as China shipments surge
India’s steel mills have called for government interventions and safeguard measures against surging imports. However, the federal Ministry of Steel has resisted calls for curbs, citing strong local …
China’s BYD Unveils Its First Supercar Yangwang U9, Check Features
The car has been launched under the China-based company’s high-end sub-brand and is priced at 1.68 million yuan (approximately Rs 2 crore). Upon its arrival in the market, the BYD Yangwang U9 is …
Shein’s IPO backup plans can unravel
Lawmakers in Washington are demanding more disclosure on its business operations and China risks; Beijing regulators are also vetting the offering. For backers including Sequoia and General Atlantic …
China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say
Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), …
Nestle China reaps sweet gains on demand surge
Nestle China posted 2023 sales of 43.6 billion yuan ($6.06 billion), up 4.2 percent year-on-year, driven by increased product demand and e-commerce business, alongside a surge in market shares among …
Chinese app Temu faces US import ban over alleged forced labor after $21M Super Bowl ad blitz: report
US lawmakers are calling for a ban on all imports of goods sold on China-owned shopping app Temu, citing concerns that the fast-growing company hasn’t done enough to crack down on forced labor. Rep.
Trade diplomacy: Govt depts red-flag high duties to curb China imports, seek nuance in strategy
A section within the government is in favour of a more nuanced approach in using tariffs as a diplomatic tool, failing which there is a possibility of the gains of India’s manufacturing-focused thrust …
Vietnam Has High Hopes for Increasing Food Exports to China
Vietnam expects to increase its agricultural exports to China this year as the two countries have agreed to review regulations opening the …
China to maintain lead in agricultural imports for next decade – USDA
China is projected to remain the world’s leading importer of soybeans, accounting for 62.4% of global soybean imports by 2033/34 MY. Demand from China will drive continued growth in soybean trade …
Is China Taking Over America’s Tiny Home Game? Delivers Amazing Habitats for “Under” $20K
These tiny homes are designed and built by a Chinese manufacturer that ships worldwide, but there are obvious catches to getting such a unit for this price …
Analysts unveil price targets for Amer Sports after IPO
When President Xi Jinping of China went to inspect the site of the 2022 Winter Olympics, he dressed for the occasion.The president wore an Arc’teryx winter coat for his trip to the mountains north of…
China’s got some big plans for our global economy
China is shaking things up, and not just a little. We’re talking major, earth-quaking shifts in the global economic landscape. Forget the old-school romance …
ADVERTISEMENT
