Chinese carmakers offering to set minimum prices and volume limits, but insiders say proposals are unlikely to convince Brussels.
BUSINESS
KFC, McDonald’s, Haidilao push small-store format to beat China’s consumption downgrade
Fast-food kiosks are sprouting up in mainland cities, as fast-food restaurant chains like Yum China, McDonald’s and Haidilao compete for consumer dollars.
China’s coffee expo brews up global interest, showcases market growth
The expansion comes as China’s coffee consumption shows robust growth. Statistics from 2023 reveal that the country’s annual per capita coffee consumption stood at 16.74 cups, with coffee-related …
China’s economic situation ‘incredibly important’ to Australian companies
Woodside Chief Executive Meg O’Neill discusses the role of China’s economy and the various geopolitical conflicts on the business.
IBM Will Fire 1000 Employees In China, Scale Down Business: Find Out Why?
IBM, a global tech giant, is cutting over 1,000 jobs in China as part of a broader strategy to downsize its operations in the country. This move is largely influenced by the increasing geopolitical …
China’s rising luxury brands, a new playbook for global success
Opinion: Chinese luxury brands are rapidly emerging as global contenders by leveraging cultural heritage and client-centric storytelling to create transformative experiences.
China’s embattled restaurants, embroiled in price war, struggle to stay afloat
Restaurant owners and operators in China’s biggest cities are facing challenges to remain profitable, with some lowering prices to tempt consumers …
Alibaba’s antitrust review comes to a close after 3 years of government scrutiny
The State Administration for Market Regulation praised Alibaba for its compliance with the antitrust authority, giving the firm full recognition.
China’s baby product brands gain traction at home
SHANGHAI — As China’s economy slows, support for domestic baby product brands is growing, especially in price-sensitive local cities. With cross-border e-commerce expanding, some Chinese baby product …
More Malaysians flocking to China’s universities, drawn by affordability and growing prestige
Opportunities abound as the two countries hope to further boost bilateral economic and trade ties. Read more at straitstimes.com.
China’s business environment, market draw more German investments
In April, BMW announced an additional investment of 20 billion yuan (about 2.81 billion U.S. dollars) in its Shenyang production base, following two decades of rapid expansion in the northeastern …
Zimbabwean company harnesses China’s advanced technologies to promote business growth
Comkwik, a Zimbabwean company, is harnessing the technological innovations in China amid the booming trade relations between China and Zimbabwe to ac …
China’s ‘deflation exports’ expand as cheap goods flood markets
BEIJING — China is stepping up overseas shipments of cheap steel and other products, as more countries accuse it of exporting its deflation. Export prices for 60% of major products have fallen, with price declines…
