“From a strategic point of view, the establishment of the JVs will benefit both Magna and BAIC to further strengthen our business growth in China,” BAIC Chairman Xu Heyi said. Follow us on: ( read…
BUSINESS
Chinese tech CEO: A trade war would hurt ‘a lot of American brands’
A lengthy trade war between China and the United States would be “horrible” and it would end up hurting a lot of American brands, according to the founder of China’s second-largest e-commerce company. That’s because…
China, US trade war heats up over Trump tariffs
business people and analysts here in China. The showdown capped a whirlwind week in U.S.-China relations that began with the nations standing as partners in the quest to denuclearize North Korea, and ended with the…
China’s securities regulator warns new economy firms from overinflating valuations for IPO
China’s top securities regulator has warned new economy companies not to inflate their valuations in the pre-IPO stage, singling out Ping An Good Doctor, ZhongAn Insurance, China Literature, Yixin Group, and Razer, noting that the…
5 facts about the spending and social habits of China’s post-00s generation
More than half of surveyed respondents said being foreign or Western does not necessarily encourage them to buy a brand’s products. When targeting the post-00s generation in China, brands and retailers need to: ( read…
Smartphone maker Xiaomi’s IPO poised to become fastest ever approved in China
Analysts say the fast-track application is the latest sign that Beijing is determined to bolster domestic listings of big technology firms. “This quick pace of arranging an IPO has never been seen before on the…
Beauty Brands in China Tap into the Power of Father’s Day
In China, the celebration of Father’s Day has become a mainstream phenomenon in recent years. Luxury brands are taking advantage of the opportunity for a new shopping festival, with many releasing marketing campaigns on major…
China hikes tariffs on U.S. soybeans, electric cars, fish
China’s heavily regulated economy also gives the ruling Communist Party additional options for retaliation by withholding approval for business activity. Anti-monopoly regulators are believed to have delayed announcing a decision on U.S. tech giant ……
China fires back at Trump with tariffs on US goods, says it’s time to end ‘outdated and regressive behavior’
President Donald Trump on Friday announced tariffs on $50 billion worth of Chinese goods. China’s Ministry of Commerce said the country would respond with equal tariffs on US goods. The Chinese government also urged Trump…
China threatens tariffs on US lobsters as business booms
PORTLAND, Maine — A set of retaliatory tariffs released by China on Friday includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese officials announced…
With tariffs, Trump starts unraveling a quarter-century of U.S.-China economic ties
“These are state policies where they are targeting certain industries.” Trump’s complaints about China’s trade practices are shared by many business leaders. But there is little support for using import taxes, which are paid by…
Plummeting Import Tax Means Big Business for China’s Jewelry Market
As China’s jewelry import tax drops by an average of 20.7 percent, opportunity knocks for foreign luxury brands looking to boost mainland China sales. According to a recent announcement by the Ministry of Finance of…
China in control as industry enters new era
That is still far below the 814 vehicles per 1,000 people in the U.S. VW, GM influenced China is the biggest market for several manufacturers, including Volkswagen and General Motors. Others, including Nissan, expect China…
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