China signals softer stance on stablecoins as Shanghai pushes research, Ant Group and JD.com back yuan coins to rival dominant dollar stablecoins.
BUSINESS
China Rethinks Stablecoin Policy as Shanghai Hosts Strategic Talks
China is reevaluating its stablecoin policy as Shanghai regulators explore yuan-linked digital asset initiatives.
Volkswagen is closing a plant in China while another major automaker files for bankruptcy
The struggles continue for global automakers in China. After halting production, Volkswagen announced it will close a plant in …
‘Made In USA’ Brand Reputation Still Stands Strong In Global Markets
Despite global trade tensions, a new study finds “Made in USA” remains strong globally. And purchase intent to buy American goods and services is fairly high globally.
US Apparel Imports From China Fell to a 22-Year Low in May Amid Trade War Escalation
China’s share of the U.S. apparel sourcing market fell below 10 percent for the first time in more than two decades.
TikTok poached Amazon employees to jump-start its US business. Now it’s doubling down on its Chinese roots.
TikTok drew on the Amazon playbook to launch its US e-commerce business, but now it’s betting its future on staff with roots in China.
Aurora Mobile Shares Climb as Company Considers Solana Blockchain for Treasury Strategy
Aurora Mobile Limited (NASDAQ:JG) saw its stock rise 3.2% after the company announced it is exploring the integration of Solana into its corporate treasury strategy, signaling a deeper move into …
Ajit Pawar urges Centre to halt illegal import of substandard raisins from China
Deputy Chief Minister and State Finance and Planning Minister Ajit Pawar has written to the Centre, urging urgent intervention to halt the illegal import of substandard raisins from China. These …
Shanghai officials warm to stablecoins despite China crypto ban: Report
Shanghai State-owned regulator held a meeting to discuss strategic responses to stablecoins amid growing calls to develop a stablecoin pegged to the Chinese yuan.
Tariffs, EVs and China Podcast: A CEO Insider’s View of the Car Business
The global car industry has grappled for months to navigate the Trump administration’s trade war. That gives Swamy Kotagiri, CEO of Magna International, the largest auto-parts manufacturer in North …
Struggling Chinese EV brands go global to flee brutal price war at home
Once a rising star among China’s electric vehicle startups, Neta Auto is facing backlash in its largest overseas market as its parent company enters bankruptcy restructuring — fueling concerns that …
Shougang Lanzatech delays Hong Kong IPO again due to dispute with JV partner
Beijing Shougang Lanzatech Technology on Friday said it will again delay its Hong Kong initial public offering and did not provide a new timetable due to a dispute with a joint venture (JV) partner.
China’s Iranian oil imports near record highs as traders circumvent sanctions
China’s import of Iranian crude oil continued to rise last month as shipments were close to the record highs touched in March, Vortexa said.
