China’s insurance regulator said Friday it is assuming management … “At present, operations of the Anbang Group are stable overall and business is basically steady,” the statement said. “The legitimate rights and interests of insurance…
BUSINESS
China’s cutthroat smartphone market is coming down to a handful of major brands
Consumers in China are waiting longer for more significant upgrades in features before replacing their smartphones, contributing to a slowdown in sales in the world’s largest mobile handset market. Major Chinese smartphone firms are expected…
Beauties revive cosmetics brands
For instance, Cle de Peau Beaute, a high-end brand of Japanese cosmetics manufacturer Shiseido Co Ltd, has been in the China market for nearly two decades. But, until recently, it remained largely obscure and was…
U.S. And China To Face Off Over Aramco IPO
Speculation continued into early 2018 about who — or which organization — would be the ultimate buyer of the five percent stake being offered for sale in Saudi Arabia’s national oil company, Saudi Aramco. As…
The 10 Most Taboo Topics for Luxury Brands in China
Public outrage over supermodel Liu Wen’s recent holiday greeting demonstrates how easy it has become to “hurt the feelings” of the Chinese people (or their bots), even when using social media sites that are banned…
Xiaomi expands into the Philippines after conquering India in push ahead of IPO
Often dubbed “China’s Apple”, Xiaomi has been aggressively pursuing overseas markets amid increasingly stiff competition at home. It also needs to find diversified, long-term earnings channels to boost investor confidence ahead of a planned IPO…
North Korea falls into $1.7 billion trade deficit with China — but something mysterious is keeping it afloat
an expert on North Korean sanctions at the James Martin Center for Nonproliferation Studies told Business Insider. Berger characterized Chinese President Xi Jinping as “very conscious of China’s image” and hating the US’s insistence that…
China is building an entire winter sports industry and training hundreds of elite athletes so it can dominate the 2022 Winter Olympics
The aim is to breed a new generation of athletes to win big at the 2022 Winter Olympics in China. The country wants to look good in front of a home audience. An expert told…
Blackmores stumbles on China costs and fish oil shortages
It also said profits from its China business had grown by just 4 per cent as it bumped up investment and spent more on expanding its in-country presence in China. Mr Henfrey said Blackmores still…
H&M, C&A, 3M investigate China prison labor report
“A failure to comply would immediately lead to permanent termination of our business contract … and we are not aware of any 3M suppliers in China using prison labor,” a spokesman said. ( read original…
China remains Philippines’ top trading partner in 2017
This was brought about by imports growth averaging 20.7 percent from 2010 to 2017,” Socioeconomic Planning Secretary Ernesto Pernia told a business forum. For 2017, he said Philippine exports to China grew 8.4 percent, with…
China offers huge opportunities for UK businesses: British minister
China offers huge opportunities for British businesses while … both of which have arrangements with Royal Mail to ease the way for a small business,” Fox said. He reiterated the UK’s support for the Belt…
China can achieve sustainable growth through reform: World Bank
China can achieve more inclusive and sustainable development with coordinated reforms that maximize development impact and address its development challenges, according to a report from the World Bank Group. China’s growth has been slowing to…
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