TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers.
BUSINESS
China threatens to take ‘necessary measures’ over U.S. sanctions
Beijing is threatening to take “necessary measures” against the United States over the Biden administration’s move last week to sanction dozens of Chinese companies over their alleged support of Russia’s war.
As China upgrades its androids, is ‘more human than human’ on the horizon?
China’s humanoid robot market, fuelled by policy and investment, could become enormous sector as technology matures Shortly after the release of Alien: Romulus – the new film in a science fiction …
Korea’s exports to China could drop by 6% if Trump introduces tariffs, BOK warns
The latest report from the Bank of Korea (BOK), released Monday, suggested that Korea’s export growth to the world’s second-largest economy might not rebound to its previous robust levels, as China’s …
Passed the peak? China’s crude oil imports trend down
China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
Chinese EV maker Hozon launches latest model to boost sales ahead of Hong Kong IPO
02:21 China’s EV drive in Cuba reshapes Havana’s roads China … Hozon filed a listing application with the Hong Kong stock exchange and said it would use the proceeds from its IPO to quicken the…
IBM Shuts China R&D Operations in Latest Retreat by U.S. Companies
IBM is shutting down its China research and development department, the latest retreat from the country by top U.S. technology companies. The company is moving its China R&D functions to other …
Belgium’s UCB to sell China neurology and allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday that it will sell its Chinese neurology and allergy business to asset management group CBC and Abu Dhabhi’s Mubadala for $680 million.
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a …
China slams U.S. for adding firms to export control list over alleged support for Russian military
China on Sunday vowed action against a U.S. move to place some Chinese firms on its export control list. A China’s Ministry of Commerce spokesperson said the U.S. move “undermines the international trade order and…
German firms ramp up investment, not to miss out on China’s growth opportunities
Schumann echoed this sentiment, stating that China’s innovation leadership is gradually strengthening, and more German firms are investing strategically in the country to participate in local …
Hilton to maintain breakneck China expansion pace, targets 100 new hotels per year
China’s hotel market is expected to grow at an annualised pace of 8.9 per cent, topping US$166 billion by 2028, thanks to increasing tourism, a growing middle class, and government initiatives to …
Chinese Government Announces Extradition of Crypto Pyramid Scheme Leader
China implemented a comprehensive ban on Bitcoin and other virtual currencies, halting all crypto transactions within its borders.
