Dutch computer chip equipment maker ASML on Wednesday said it expected new U.S. and Dutch export restrictions to reduce its potential sales to China by some 10-15% this year after they hit record …
BUSINESS
Beauty brand says sales fell in China due to anti-Japan sentiment
Procter & Gamble on Tuesday said sales of its high-end SK-II skin-care brand fell 34% in the greater China region during its latest quarter — and it blamed an unlikely culprit.
China’s ban on Australian lobsters has Asean members clawing way into market
New Zealand and North America now account for more than half of all lobsters imported by China, but Indonesia and Thailand are making gains.
Nvidia CEO’s low-key China visit seen as a goodwill gesture towards key market as US chip firm grapples with sanction issues
Analysts says Jensen Huang’s tip to the mainland is a goodwill gesture to an important market but unlikely to solve chip firm’s issues amid US-China geopolitical hostilities.
Japan exports soared to record highs in December
Japan’s exports surged to record highs in December, with shipments to the U.S. soaring to their strongest-ever level while those to China were also robust, logging their first rise in more than a year …
China’s Hunan targets 6 pct GDP growth for 2024
The work report notes that Hunan has set a growth target of 6 percent for its total import and export in 2024. Enditem Follow China.org.cn on Twitter and Facebook to join the conversation.
China’s import of South Korean semiconductor materials skyrockets in 2023
To counter the ban imposed by the US to slow down its development of advanced semiconductors while ensuring its dominance in general-purpose semiconductors, China is aggressively importing …
BYD the first brand to outsell Volkswagen in China since 1986
Many have dreamt of dethroning Volkswagen from the top of the Chinese automotive sales charts, and BYD has done just that. For the first time since 1986 Volkswagen wasn’t China’s top car brand.
SK-II skincare sales hurt by anti-Japan sentiment in China
Procter & Gamble has said sales of high-end SK-II skincare brand fell 34% between October and December. In addition to China’s slow recovery, the firm’s executives blamed anti-Japanese sentiment. Last …
Japan exports soar to record in Dec; China shipments make long-awaited rebound
TOKYO, Jan 24 (Reuters) – Japan’s exports surged to record highs in December, with shipments to the U.S. soaring to their strongest-ever level while those to China were also robust, logging their …
China reports expanded imports of agricultural, food products
[Photo/Xinhua] China provided increased market access for imports of agricultural and food products from over 51 countries and regions in 2023, China’s customs authorities said on Tuesday. In a …
SK-II sales hurt by anti-Japan sentiment in China
The islands, known as Senkaku in Japan and Diaoyu in China, are controlled by Japan but both China and Taiwan lay claim to them. P&G’s chief executive officer, Jon Moeller, said on the earnings call…
China Says EU’s ‘Unfair’ EV Subsidies Probe Risks Damaging Ties
China’s ambassador to the European Union called the bloc’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair,” delivering a veiled warning that more European products …