This article was originally written by Yiling Pan for Jing Daily For the luxury industry in China, 2019 is likely to be a year of turbulence. Macro factors such as the ongoing United States-China trad……
BUSINESS
Fake data are hiding the real state of China’s economy
U.S. President Donald Trump is convinced China is ready to make big trade concessions because it’s on the ropes economically. “I think China wants to get it resolved. Their economy’s not doing well,” … (…
China’s Wanda Grows Film Business Despite Year of Turbulence
Dalian Wanda, the company that did most to thrust China into the midst of Hollywood, before being forced to pull back two years ago, reported mixed financial results for 2018. Group asset values … (…
It looks like China will beat the US Navy in the railgun race — here’s why it doesn’t actually matter
told Business Insider. The Chinese PLA is actively looking at the military applications of cutting-edge technology, including artificial intelligence and quantum computing. China actually launched the … ( read original story …)
Starbucks will be the next US brand to warn of China trouble after Apple, Goldman Sachs says
Apple shares collapsed earlier this month after warning that iPhone sales would fall short because of weakness in the China economy. Starbucks will be next, according to Goldman Sachs. The firm downgr… ( read original…
China sets the stage for a ‘bloody nose’ attack on US aircraft carriers, but it would backfire horribly
the director of the China Power Project noted to Business Insider that these commentators, mainly researchers, didn’t officially speak for China, but said they shouldn’t be totally ignored. A map that … ( read original…
US direct-to-consumer brands are eyeing China
China is emerging as the next playing field for direct-to-consumer startups. The footwear brand Rothy’s, which sells online and recently announced it made $140 million in revenue in 2018, built … ( read original story…
China retailers slash iPhone prices after Apple sales warning
The discounting, as steep as $118 (92.50 pounds) for the recently launched 64GB iPhone XR, is the latest sign that Apple’s weak holiday sales in China may have extended to the current quarter. The pri……
China’s Wanda files for U.S. IPO of sports unit to raise up to $500 million: sources
HONG KONG/NEW YORK (Reuters) – Chinese conglomerate Dalian Wanda Group has filed confidentially for a U.S. initial public offering of its sports unit that could fetch up to $500 million, according to … ( read…
US, China leave next steps for trade talks unclear
“We can confidently say that enough progress was made that the discussions will continue at a higher level,” said Craig Allen, president of the U.S.-China Business Council. “That is very positive.” Ch… ( read original…
Chinese internet brands to match Western tech
It’s not a joke that, China is about to have the world’s only internet brands that will match the Western countries in ambition, innovation and reach. Chinese brands like Baidu, Alibaba and Tencent ar… (…
How Will China’s New Online Video Censorship Affect Luxury Brands?
It’s difficult enough for foreign brands to produce successful marketing campaigns in China – there’s a long list of brands that have stumbled and/or caused offense in the country. Now, with the Chine… ( read…
Bathroom brands feeling flush
American Standard, a global bathroom and kitchen products brand, has been increasing its intelligent product proportion in China over the years, ever since their first smart bathroom product was launc… ( read original story …)
