The long-embattled property developer was finally ordered to liquidate. What comes next will test Western companies’ appetite to keep operating in China.
BUSINESS
China bans imports of ruminants animals from Iraq due to bluetongue disease
China has banned the direct and indirect import of ruminants and its related products from Iraq due to an outbreak of bluetongue disease, the General Administration of Customs said.
UAE dumps US dollar, goes digital Dirham in landmark China agreement
BRICS members China and the UAE completed a cross-border transaction using the new Digital Dirham, which eliminated the need for the US dollar.
Passenger, commercial vehicle exports see notable growth in Fujian, SE China
Vehicles for export are loaded into a ro-ro cargo vessel at Jiangyin terminal of Fuzhou Port in southeast China’s Fujian Province, Jan. 30, 2024. Customs data showed that the automobile exports of …
Temu, Shein Packages and Electric Cars Prop Up China’s Exports
(Bloomberg) — In a dismal year for China’s export economy, two categories stood out for their rapid growth: cars and cheap, direct-to-consumer parcels. Most Read from Bloomberg Musk Says First …
China’s live streaming factories are bleak. Now TikTok wants to open one in the U.S.
The Information reports that TikTok intends for brands to be able to send product samples directly … hawking plastic crap no one needs as our planet overheats. Video footage of China’s live …
China’s Jailing of Brit for Espionage Will Further Discourage Business, Analysts Say
Ian Stones disappeared from public view in 2018; last week China confirmed he was sentenced in 2022 for “buying and unlawfully providing intelligence” …
Starbucks sales miss estimates on slowing demand, China recovery lifts shares
Starbucks missed Wall Street estimates for quarterly sales on Tuesday, in a sign that demand for its pricey coffees and cold drinks in the U.S. might be hitting a roadblock, heaping pressure as it …
Hong Kong eyes moves to attract IPOs of mainland Chinese, Middle Eastern firms to spur stock market, Paul Chan says
The government is actively engaging with mainland Chinese regulators to speed up the approval process for companies listing in the city. Measures will also be rolled out to attract family offices and …
Russia the driver behind China’s aluminium import boom
LONDON, Jan 30 (Reuters) – China’s imports of unwrought aluminium more than doubled year-on-year in 2023 and were the second highest annual total since the start of the century. Primary metal imports …
China’s Independent Refiners Slow Iranian Oil Imports over Price Row
China’s independent refiners continue to delay purchases of crude from Iran for February as the Islamic Republic is now demanding higher prices and upfront payments before loading the cargoes, trading …
Four US Senators ask Biden to increase Sec. 301 tariffs on Chinese solar imports
Four U.S. Senators penned a letter to President Joe Biden asking for increased tariffs on Chinese-made solar wafer, cell and module imports under Sec. 301 …
Demand for China’s fast fashion boosts global air freight cargo
The most popular Chinese fast-fashion brands shipped approximately $155 billion worth of e-commerce goods abroad in the first half of 2023, the Financial Times reported. Of all air freight cargo, at …
