Sino-U.S. trade frictions have yet to show an impact on China’s economy, the statistics bureau said. But while April exports and imports were surprisingly solid, business surveys point to a sharp weakening in export order…
BUSINESS
China’s Emerging Factory Brands Threaten the Luxury Market
In China, who is and isn’t a copycat is open to interpretation. While many brands are actively struggling to clear counterfeit items from Chinese e-commerce sites, NetEase is now working directly with the manufacturers for…
Trump tweet brings sense of relief, uncertainty at China’s ZTE
posted on Twitter that he and Chinese leader Xi Jinping are working together to give ZTE “a way to get back into business, fast.” He added that he had asked his Commerce Department to “get…
Trump’s pledge to help China’s ZTE spurs backlash in Washington
The Commerce Department last month banned U.S. companies from selling to ZTE Corp for seven years after it illegally shipped goods made with U.S. parts to Iran and North Korea, prompting the company to shut…
Trump’s comments on China’s ZTE draw security concerns
WASHINGTON (Reuters) – President Donald Trump’s pledge to help China’s ZTE Corp “get back into business, fast” and save Chinese jobs after a U.S. ban crippled the technology company drew condemnation from some lawmakers on…
Hong Kong gears up for another $10 billion IPO with planned China Tower flotation
HONG KONG (Reuters) – China Tower, the world’s biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city’s second $10 billion offering this year.…
Foxconn unit luring cornerstone investors for Shanghai IPO
Foxconn unit’s IPO, which would be the largest domestic listing since China’s stock market crash in mid-2015, comes at a time when Beijing steps up its efforts to encourage Chinese “new economy” companies to list…
‘We’re building here for 100 years’: JPMorgan is making a big move into China
JPMorgan has announced plans to set up a new brokerage in China, marking a major advance into the relatively closed market. The Wall Street bank has applied to set up a new onshore securities business.…
China leads the world as luxury brands invest in digital channels
China is the most advanced digital market for luxury advertisers, attracting more than 50% of ad spend, according to research by Zenith. The Luxury Advertising Expenditure Forecasts 2018 report, which compares luxury advertising expenditure in…
Hisense debuts at Shanghai brand exhibition
Chinese home appliances giant Hisense Group made its debut at the first China Independent Brand Exhibition in Shanghai on May 10, China Brand Day, displaying its 49 years of history since its birth as an…
ZTE employees in China cheer Trump tweet
In an unexpected reversal of a hardline U.S. stance on the issue, Trump said on Twitter on Sunday that he and Chinese President Xi Jinping were working together to give ZTE “a way to get…
Asian stocks up on hopes of thaw in U.S.-China trade tensions
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business,…
Why history drives China’s tough stance on global trade
Also fuelling this is the traditional Chinese belief that the shrewdest business person deserves the best deal or outcome. People who have visited China would have experienced a microcosm of this mentality while shopping. At…
