China’s overproduction of goods like silicon wafers and steel is forcing international competitors out of business, leading to strained trade relations and raising the potential for a new global trade war.
BUSINESS
China extradites alleged mastermind behind $14B crypto fraud scheme
China has announced the extradition of a suspect named Zhang from Thailand for his involvement in a multibillion-dollar crypto pyramid scheme. Zhang is allegedly the mastermind of the which has been in operation since 2012.
Binance dominates among Chinese crypto users, X provides guidance
Binance is the preferred cryptocurrency exchange for Chinese speakers, and social media platform X is the source of most of the information they use to make investment decisions, Hong Kong-based publication TechFlow found in a…
China’s WeRide Postpones U.S. IPO Due to Documentation Delays
WeRide, a China-based self-driving technology company, has delayed its initial public offering (IPO) in the U.S., citing delays in completing necessary transaction documents. The company indicated in …
Chinese smartphone maker Honor gets investment from China Mobile
Chinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile’s parent company, as the former Huawei unit gears up towards an initial public …
China is Starbucks’ 2nd biggest market, but sales are slumping. Here’s why.
One of his key priorities could be turning around its Chinese business. Sales slump Starbucks’ comparable store sales in China have been incredibly volatile over the past five years. Comparable sales …
Japan’s fisheries group calls for end to China’s import ban on Japanese seafood
The Japanese fisheries federation has urged the government to continue efforts to bring an end to China’s suspension of seafood imports from Japan.
Forget The Fed—China Could Be About To Drop A $420 Billion Bitcoin And Crypto Price Bombshell
Now, as some crypto experts bet China could be about to open up its digital doors to crypto, economists are calling on China to begin monetary stimulus to bolster the country’s flagging economy. Sign …
China’s Black Myth attracts players, brands and game-averse Communists
HONG KONG — The biggest-ever launch of a Chinese console video game has sparked a flurry of business, both legitimate and shady, while even authorities who are typically skeptical of gaming seek to …
Nepal Asks China to Wipe Away a Loan It Can’t Afford to Pay Back
He also noted another benefit for China by agreeing to the request … Daisuke Wakabayashi is an Asia business correspondent for The Times based in Seoul, covering economic, corporate and geopolitical stories from the region.…
As China’s pet lovers turn to domestic brands for value as investors sniff opportunity
Import substitution gives domestic companies a chance to bite off a bigger share of the fragmented market for food and other pet supplies …
Sephora layoffs: Cosmetics Retailer Giant Plans To Fire About 3% Workforce In China
This came after Sephora appointed former Nike Asia e-commerce chief as its new Greater China head to revive its fortunes on the mainland as the brand has been struggling to expand …
China meets automakers to discuss import tariffs on large cars ahead of EU tariff vote
China’s Commerce Ministry met with automakers and industry associations on Friday to discuss raising import tariffs on large-engined gasoline vehicles, sounding a warning as the European Union nears a tariff decision on Chinese electric cars.
