Costco Wholesale Corporation (NASDAQ:COST) reportedly made a remarkable entrance into southern China as the opening of its first store drew massive crowds. Customers queued for hours, seizing the …
BUSINESS
EU investigators to inspect China’s BYD, Geely and SAIC in EV probe, report says
BRUSSELS — European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric-vehicle …
Shein US IPO hopes uncertain due to potential complications from Chinese regulators
Fast-fashion giant Shein is seeking the approval of China’s regulator to go public in the US, according to reports.
China securities regulator vows to strengthen long-term investment incentives
China’s securities regulator will strengthen incentives for “countercyclical investment” and guide institutions to practice long-term investment, it said on Friday, seeking to boost the country’s …
China’s Exports Drop by 4.6% …First Time in Seven Years
Exports recovered in the second half of the year Imports fell as exports fell Automobile and ship exports rose 16% ↓ Exports to Taiwan and the Philippines fell 7.2% ↓ Exports to South Korea fell…
China’s Loan Growth Falls to Record Low as Demand Struggles
A measure of loan growth in China increased at the slowest pace on record in December, as weak business confidence continues to weigh on borrowing demand.Most Read from BloombergGoogle Lays Off …
China exports rise 2.3% in December, as consumer prices fall a third straight month
Deflationary pressures are persisting in China, where consumer prices fell a third consecutive month, though exports grew.
China imported 9.82 mln tonnes of soy in December
China, the world’s largest soy buyer, imported 9.82 million tonnes of soybeans in December, up 24.0 % from 7.92 million tonnes in November, figures from the General Administration of Customs of China …
Exclusive: China’s Harvest Fund cuts Hong Kong staff in pullback from offshore business, sources say
Harvest Fund Management, which manages $210 billion in assets, has laid off more than one-third of its staff at its Hong Kong unit as the leading Chinese asset manager pulls back from foreign business …
China’s annual exports drop for the first time in seven years
China’s exports beat expectations in December, but failed to offset an overall decline for 2023, customs data showed Friday.
China-US Trade Fell For The First Time In Four Years In 2023: Official Data
China-US trade fell for the first time in four years in 2023, official data from Beijing showed Friday, as geopolitical tensions between the world’s two largest economies soared.
China’s exports rise, but deflation persists as economy enters 2024 on shaky footing
China’s exports grew at a faster pace in December, while deflationary pressures persisted last month, keeping alive expectations for more policy easing measures to shore up an economy carrying …
China’s Dec exports rise 2.3%, imports up 0.2%
China’s exports rose 2.3 percent in December from a year earlier, while imports increased 0.2 percent, customs data showed on Friday. A Reuters poll of economists had forecast a 1.7-percent increase …