Business leaders from Chinese and American corporations are more upbeat about China-US relations as bilateral ties have experienced stabilization an …
BUSINESS
China online retail spending hits $2.17tn last year, more than a quarter of global total
China announces 11 per cent surge in online retail spending … with a notable preference for domestic brands. According to the country’s Central Television, indigenous Chinese brands constituted a …
GMC to expand to Australia, New Zealand and China
GMC on Friday said it’s expanding into Australia, New Zealand and China starting with the launch of the Yukon full-size SUV. The premium General Motors Co. brand is expecting to begin selling in China …
China set to leave lending benchmark LPRs unchanged – poll
China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Monday, a Reuters survey showed, after the central bank surprised markets by holding a key policy rate …
Shein voluntarily seeks China’s nod for U.S. IPO
Shein is asking for China’s permission to go public in the U.S., a source close to the company’s thinking confirms to Axios. Driving the news: The Singapore-based fast fashion and digital commerce …
China’s tech leaders unite for metaverse sector development
In a significant move to standardize and propel the growth of the metaverse sector, China has established a dedicated working group. This initiative, spearheaded by the Ministry of Industry and …
China’s Scrutiny of Shein IPO Plan Shows Regulator’s Reach Widening
When fast fashion giant Shein firmed up plans for a US initial public offering late last year, the online retailer hoped that it wouldn’t be subjected to regulatory review in China. Most Read from …
German government wants companies to ‘de-risk’ from China, but business is reluctant
Tough new rhetoric on China from some members of Germany’s governing coalition has led to disagreement rather than unity on what the government’s policy should be.
ABB’s China operations under investigation by U.S. Congress
ZURICH, Jan 19 (Reuters) – Swiss engineering group ABB’s (ABBN.S), opens new tab operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats …
Red Sea crisis pressures China’s exporters as shipping delays, costs mount
For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa …
1st LD: China becoming world’s top auto exporter: official
BEIJING, Jan. 19 (Xinhua) — China exported a total of 4.91 million vehicles in 2023, expected to become the world’s largest auto exporter, an official with the Ministry of Industry and Information …
Why India Isn’t the New China
The country’s population surpassed China’s last year. But India’s path forward is likely to look very different from its neighbor’s.
China’s auto export ranks first globally
China’s export of automobiles rose 57.9 percent to 4.91 million units in 2023, ranking No 1 worldwide for the first time, said the Ministry of Industry and Information Technology on Friday. More …
