A new regulation that compels initial public offering (IPO) sponsors on China’s technology board to also take up stakes is merely a temporary requirement that is subject to amendment, said the country … ( read…
BUSINESS
Apple, luxury brands drop China prices as VAT cuts take effect
BEIJING (Reuters) – Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect from April 1. Price…
China is lulling the market into a false sense of security
“To sustain that next year they’re going to have to post in nominal terms a record flow of credit,” Autonomous Research’s Charlene Chu told Business Insider. China’s economy, however, is about to … ( read…
China drone maker EHang delays IPO plan: report
Chinese drone maker EHang has delayed plans for a US initial public offering (IPO) and is instead looking to raise up to US$200 million in a private fundraising, Reuters reports, citing two people … (…
China’s Sinopec ends five-year oil purchasing strategy after record fourth-quarter loss, sources say
China’s Sinopec Corp has ended a five-year crude oil purchasing strategy to rein in the speculative derivatives activity of its trading arm Unipec after a record trading loss late last year, four … ( read…
China’s ‘canola crackdown’ could wound an already troubled Canadian dollar
China’s “crackdown” on Canadian canola exports could sink an already troubled Canadian dollar, CIBC World Market says. This comes as the loonie’s outlook is already hampered, for a few reasons but … ( read original…
Apple, luxury brands drop China prices as VAT cuts come into effect
BEIJING (Reuters) – Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect. Price tags for ……
Foreign brands cut prices in China as VAT rates go down
World famous consumer brands including Apple, Louis Vuitton and Gucci have announced their decisions to cut their suggested retail prices to give the gains from China’s value-added tax (VAT) cut to … ( read original…
China drone maker EHang delays IPO plan, eyes private funding: sources
HONG KONG (Reuters) – Chinese drone maker EHang has delayed plans for a U.S. initial public offering (IPO) and is instead looking to raise up to $200 million in a private fundraising, two people with…
China manufacturing growth rebounds in March
China’s manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that government stimulus measures may be slowly gaining traction, a private business … ( read original…
Huawei, Lenovo and Alibaba rank top 3 among Chinese global brand builders
… from inaugurating report’s 30 brands in 2017 to this year’s 50 brands is in part due to the rapid pace at which Chinese businesses are pursuing global expansion. Many of China’s brands are ……
China March factory activity grows for first time in four months, but exports weak
If sustained, the improvement in business conditions could indicate that manufacturing is on a path to recovery, easing fears that China could slip into a sharper economic downturn. But analysts … ( read original story…
More global brands join in Alibaba’s IP alliance
[Photo by Niu Jing/For China Daily] SHANGHAI – Over 130 brands have joined in China e-commerce giant Alibaba’s anti-counterfeiting alliance, with the latest entries made by multinationals like Dyson … ( read original story …)
