Chinese officials reportedly warned Walmart of legal consequences during a meeting this week after the retailer pushed Chinese suppliers to bear the brunt of President Trump’s tariffs, …
BUSINESS
China announces tit-for-tat tariffs on Canadian food imports
China announces tit-for-tat tariffs on Canadian food imports – Tariffs add to global trade tensions already high, with rounds of duties announcements by US, China, Canada and Mexico …
China’s commerce ministry met with Walmart on supplier pricing, state media says
Chinese officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to slash prices to offset U.S. tariffs on goods from China, according to …
Shanghai Court Recognises The Legality Of Crypto Ownership For Individuals
In a landmark ruling, a Shanghai court has officially recognized the legality of cryptocurrency ownership for individuals in China. This decision, while not signaling a change in the country’s strict …
China builds ‘equivalent of Royal Navy’ in just four years
China has built the equivalent of the entire Royal Navy in just four years as Beijing races to become a global maritime power, according to a Washington-based research group …
Porsche Cuts Profit Target From IPO After China Sales Slump
Porsche AG lowered another profitability goal set at the time of its blockbuster listing after the luxury-car maker’s earnings slumped due to tumbling sales in China.
China’s ICBC launches $11 billion technology innovation fund
The move comes after China last week laid out its major policy priorities for … reaching billions of people worldwide every day. Reuters provides business, financial, national and international news …
Honda Slashes Gas Engine Production In China As Sales Collapse To Focus On EVs
Emerging local brands like BYD have forced Honda’s hand in the world’s largest, and ultra-competitive, new car market …
China was a ‘white whale’ for Zuckerberg, says former Facebook employee
Author and ex-Facebook employee Sarah Wynn-Williams speaks about Meta’s approach to business in China on ‘The Will Cain Show.’ …
Trump is diving into crypto headfirst. Has China missed the boat?
China has kept unregulated digital currencies at arm’s length, but the US is going all-in on crypto. Will this big bet give the US dollar new life? During his first term in office, US President…
Puma sees quarterly sales drop on US, China performance
(Reuters) -German sportswear Puma said on Tuesday it expects quarterly currency-adjusted sales growth to be in a low single-digit percentage, below the previous year’s level, due to a soft performance …
China ending annual Congress with questions over how to revive slowing economy
China has wrapped up its biggest political event of the year leaving one question unanswered: How far will it go to try to revive economic growth in 2025 …
Exclusive: Mercedes to develop smart cars for global markets with China’s Hesai lidar
Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai’s lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such …
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