Some European firms are sacrificing efficiency and losing their global edge as they wall off their operations in China and come under pressure to produce more locally, according to a business group …
BUSINESS
China’s Han Kun Scoops Up Another Senior Partner from Foreign Firm
Less than a week after hiring former Milbank China partner Alex Tao, Beijing-based Han Kun Law Offices has yet again attracted another senior partner from a foreign rival.
CATL Added To Blacklisted Chinese Brands By Pentagon For Alleged Chinese Military Ties
CATL is licensing its battery technology to Ford for its planned $3.5 billion battery plant. News of CATL being added to the list slashed its market value by roughly $4.4 billion. CATL, the world’s …
This Chinese Brand Could Make Western Carmakers Nervous
The models use the SEA platform that is also used by Volvo, Polestar, Smart, Lynk & Co, and Waymo. Zeekr developed a self-driving concept with Waymo as a future ride-hailing service vehicle. The …
China Eyes Blockchain for National Data Infrastructure Despite Crypto ‘Ban’
China and other BRICS member countries are experimenting with and implementing blockchain to facilitate trade and economic infrastructure. Despite a mining ban, China is home
Chinese Crypto Mining Giant Taps Ethiopia’s Energy for New 51MW Facility
BIT Mining signed a $14 million deal to acquire a 51 MW Bitcoin mining facility in Ethiopia. This expansion marks the company’s first venture outside
China’s new fashion capitals, ranked
It’s been a turbulent year for luxury in China, but it’s still a crucial region for the fashion industry to continue investing in, home to a savvy and discerning consumer. Across the vast market, what…
The crypto market tanks 8.8% amid escalating macro fears and global pandemic threats
The crypto market is telling a fearful story, reminiscent of the period between 2019 and 2023. It’s Russia and Ukraine all over again, but this time with Iran and Israel – basically, the Middle East…
China Warns US of “Unjust Suppression” After Tencent, CATL Added to Sanctions List
Tensions between the United States and China have escalated after Washington added two major Chinese companies to its list of entities connected to the Chinese military. The U.S. Department of Defense …
Shein condemned by MPs as fast fashion firm dodges questions over forced labour conditions in China
MPs had summoned the company, along with McDonald’s, Tesco and Temu, to discuss labour rights concerns and committee chairman Liam Byrne stated they were “horrified by the lack of evidence” provided …
China’s super-rich eye the exit as leaders brace for economic shock
China’s leaders are bracing for shocks to the economy from higher tariffs threatened by US President-elect Donald Trump once he takes office. Millionaires, meanwhile, are relocating. View on euronews …
China counts on microwaves, rice cookers to revive economic growth
China has added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year, in an effort to revive…
China may trim fuel oil imports amid 2025 tax hike, sources say
China’s fuel oil imports are expected to drop in early 2025 following a hike in the product’s import tax from Jan. 1, prompting some sellers to lower prices to boost demand, several trade sources …
