Today, May 27, 2024, promises to be eventful with several significant happenings. Shares of Stovec Industries will trade ex-dividend; the Rajasthan and Maharashtra Boards are expected to announce …
BUSINESS
China Industrial Profits Rise as Overseas Demand Improves
Profits at China’s industrial companies rose in April as exports returned to growth in the same month, giving a boost to the economy.
China’s gold rush shows the Chinese still have money to spend — they’re just not into Starbucks or Gucci
Chinese consumer are holding back on discretionary purchase as its economy faces multiple headwinds.
The Limits Of Cashless Payments In China
Beijing has sought to develop a strong digital financial services industry undergirded by domestic tech and banking giants.
The claim of China’s ‘overcapacity’ is a fallacy
Recently, the United States and other Western countries have been incessantly hyping the so-called “overcapacity leading to unfair competition” in China’s new energy sector. They malign the export of …
NYC flooded with illegal flavored vapes from China despite ban to protect kids: study
The Big Apple is being flooded with illegal flavored e-vapes made in China after banning the smokes’ sale in 2020 to prevent youths from getting hooked on their addictive nicotine, a new study …
Resources to be ramped up to build ‘Digital China’
SHANGHAI: China will ratchet up resources to speed up the construction of digital infrastructure, bolster the digital transformation of the economy and society, and deepen reforms related to the …
Before Shein: Philly Display Shows How China Conquered Textile Markets
“The Story of Ramie” is part of a larger science- and technology-focused collection and displays at the Philadelphia site that also explore the evolution of synthetic fibers such as nylon through the …
China’s Industry Threatens Entire Global Economy, France Warns
The entire world economy is at risk from a glut of cheap Chinese exports, France’s Finance Minister Bruno Le Maire said in tandem with a barrage of joint criticism from the Group of Seven. “We…
China Evergrande’s EV unit says its liquidators found a potential buyer
The EV unit of embattled real estate developer China Evergrande said liquidators are in talks with a potential buyer who may also extend a new line of credit for production.
China Offloads $74 Billion in U.S. Treasuries Over Seven Months
China has been on a massive dumping spree, selling off $74 billion worth of U.S. treasuries and agency debt over the last seven months. This move is part of a strategy to distance itself from…
China cuts exports to Russia amid sanctions fears
In April, they were 13 percent lower, writes Jan Strzelecki, the author of an article published by PIE.
Biden extends tariff exemptions on some China imports
President Joe Biden plans to extend tariff exemptions on hundreds of products from China for two weeks as a transition period before reimposing duties on some of them.
