WASHINGTON — U.S. President Donald Trump accused China of manipulating its currency after Beijing let the yuan fall to a politically sensitive level against the U.S. dollar for the first time in 11 … (…
BUSINESS
China plans pilot project to drop all duties at Shanghai Free Trade Zone, sources say
This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer China is planning a pilot project to drop all duties and ease procedures at its Shanghai Free … ( read…
China’s softer stance on insurance market entry sets the bar too high for smaller insurers, analysts say
China’s latest relaxation on foreign insurance companies entering the country is welcome news for many global brands, yet smaller players appear to have been left out in the cold, according to … ( read original…
Promotions and patriotism: ‘Battle Mode’ Huawei sees China smartphone sales surge
amplifying the brand’s existing broad appeal in its home market – a market it is increasingly dependent on as Washington’s ban on sales of U.S. components and software to Huawei hammers overseas … ( read…
All the bubble tea recipes in China turn up online, but will brands bite back?
Some of China’s most popular bubble tea recipes are being sold online – although sceptics are questioning their authenticity and usefulness. Originally from Taiwan, bubble tea – a tea-based drink with … ( read original…
Cryptocurrency in China: Over the Counter, Under the Table
There remains a great deal of confusion surrounding the legal status of cryptocurrency in China. Related: South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies Between … ( read original story …)
People’s Bank Of China Ramps Up Crypto Development
China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video … ( read original story…
China’s yuan falls below 7 to U.S. dollar
BEIJING — China’s yuan has fallen below the politically sensitive level of seven to the U.S. dollar, possibly adding to trade tension with Washington. The tightly controlled currency weakened to … ( read original story…
Retail businesses ‘have to be aware’ of China, says Shopify COO
… brands themselves.” Olivia Balsamo is a writer and producer at Yahoo Finance. Follow her on Twitter @BalsamoOlivia. Read more: ‘We are at war with China’ over cyber technology, says Tom Siebel … ( read…
China’s Monthly Crypto Rankings: Bitcoin Takes 11th Place, EOS Still Leads
The Chinese CCID Research Institute put Bitcoin in eleventh place in terms of technology, application and innovation in a monthly ranking of 37 digital currencies. China’s CCID Research … ( read original story …)
US restaurant chains look to China for sales growth as trade war continues
“When you look at that potential, it won’t deter American brands from pushing into China,” Allen said in an interview. However, restaurants could feel a pinch from the trade war. Multinational … ( read original…
New reports reveals what Chinese’ burgeoning middle class thinks about iconic Australian brands
China’s burgeoning middle class has developed an astute taste for premium Australian produce, a new survey reveals. But the data has found “a wide disconnect between the way brands are perceived in … ( read…
Restaurant Brands reports strong sales at Burger King, Popeyes
Restaurant Brands International (QSR) posted better-than-expected sales … most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand,” CEO … ( read original story …)
