India and China have decided to stop using the US dollar for import payments and will use their local currencies instead.
BUSINESS
Russian Firms Turn to Crypto for China Commodities Trade
Russian commodities firms struggling to execute financial transactions with Chinese counterparts have started tapping a new method for settling deals — stablecoins.Most Read from BloombergIsraeli …
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China And Cryptocurrencies latest news, photos, videos, breaking news, special reports, blogs, and updates from Business Insider India …
China’s Industry Bank rewards digital yuan spending with carbon credits
Industrial Bank (CIB) introduces carbon credit rewards for digital yuan use, promoting green finance and expanding the e-CNY ecosystem.
Xi Jinping’s order? China doesn’t want social media influencers to flaunt wealth because…
China President Xi Jinping’s ideal of equal wealth distribution is resulting in luxury influencers getting restricted or banned.
Shein’s Bid to Capture America Encounters Hurdles Amid U.S.-China Tensions
With plans to go public in New York, Shein’s ambitions were sky-high, anticipating one of the most significant IPOs in recent memory. Donald Tang, the company’s U.S.-based executive chairman, …
China’s military shows off rifle-toting robot dogs
It looks like something out of the dystopian show “Black Mirror,” but it’s just the latest adaptation of robotics for the modern battlefield.
Tariffs on China: Trump was Dumb, Biden is Dumber
Japan’s recovery from the devastation of World War II was assisted by another war. Japanese manufacturers and the service industries around military bases …
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China Crypto Illegal latest news, photos, videos, breaking news, special reports, blogs, and updates from Business Insider India …
Move over K-beauty? 2024 is the year of C-beauty: from trending make-up brands Flower Knows and Jooycee, to sensitive skin-focused Winona and fragrance darling To Summer
From L’Oreal’s minority stakes in To Summer and Documents, to Estee Lauder’s investment in Melt Season, the world’s biggest beauty brands are making moves to acquire Chinese up-and-comers With global …
Decoupling from China? South Korea’s exports shift to the United States
China was South Korea’s top export destination for eight of its top 15 export items. Five years later, this number has dropped to three. During the same period, the United States, which was the …
China Industrial Profits Rise on Exports, Equipment Upgrades
Profits at China’s industrial companies rose in April as exports returned to growth in the same month and domestic demand improved, giving a boost to the economy.
China’s robust exports give auto parts industries a leg-up
In 2023, the export value of automobiles and parts hit about 101.61 billion yuan (about 14.3 billion U.S. dollars) and 87.66 billion yuan, up 69 percent and 9 percent from the prior year, respectively …
