Audi ranks No 1 in terms of new vehicle quality among premium brands in this year’s JD power survey. [Photo by Li Fusheng/China Daily] If there’s any silver lining in China’s lackluster car market, ……
BUSINESS
Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment
Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital … the U.S. Treasury Department said it would take the rare step of labeling China a ……
China’s PBOC Says Its Own Cryptocurrency Is ‘Close’ to Release
The People’s Bank of China is “close” to issuing its own cryptocurrency, according to a senior official. The bank’s researchers have been working intensively since last year to develop systems, and … ( read original…
Versace in trouble for tops implying Hong Kong is not part of China, brand ambassador Yang Mi ‘outraged’
Italian fashion brand Versace apologised to its Chinese customers on Sunday for producing a range of tops that suggested Hong Kong and Macau were separate countries. In a Chinese-language statement … ( read original story…
Lack of G7, IMF support seen dimming impact of U.S. move on China’s yuan
WASHINGTON (Reuters) – China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support … ( read original story…
Personalised skincare: Chinese tech firms muscle in on L’Oreal, Neutrogena and other beauty brands
Western skincare brands have introduced a new generation of tech-enabled devices that allow a hyper-personal approach to beauty and skin health. Now China’s leading photo editing company and … ( read original story …)
China’s SDIC says receives government approval for London IPO
SHANGHAI (Reuters) – China’s state-backed energy firm SDIC Power Holdings (600886.SS) has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the … ( read original story …)
Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official
YICHUN, China/ SHANGHAI (Reuters … caution retaliation could widen in scope and severity, weighing further on business confidence and global economic growth. The yuan CNY=CFXS lost 1.6% … ( read original story …)
Versace Loses Chinese Brand Ambassador Amid T-Shirt Controversy
Versace has just lost its brand ambassador in China. Chinese actress Yang Mi said she’ll end her cooperation with the luxury fashion label after a controversy erupted online over claims that its … ( read…
China’s soft market turns brutal for domestic brands
SHANGHAI — Chinese brands continue to lose market share at home, and the biggest domestic automaker — Geely Automobile Holdings — is not immune, with sales tumbling more than 20 percent for the … (…
Nova Scotia to build ‘100% China-friendly’ website, navigate censorship in bid to grow commerce
The decision is only the latest in a series of overtures by Premier Stephen McNeil’s provincial government to court business interests in China despite rising tensions between Canada and China. … ( read original story…
Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive
Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Speaking to Forbes in an interview on Aug. 8, Chris … ( read original story…
Chinese brands outperforming German premium car makers on e-mobility
[Photo by Zhang Dandan/China Daily] BERLIN – Chinese original equipment manufacturers (OEM) were becoming relevant competitors for top German players in the premium automobile segment, according to a … ( read original story …)
