Estee Lauder built its travel retail headquarters of China in Haikou last year to support its travel retail business in China and the Asia-Pacific region. The company’s research and development center …
BUSINESS
China remains top merchandise exporter in 2023 for 7th straight year
This showed that China’s quality products are welcomed by the global market and imports into China’s large domestic market have helped drive the economic growth of other countries, the ministry said. The WTO report also…
China censures US for stigmatizing Beijing-Moscow trade ties
China has censured the United States for politicizing its trade dealings with other countries, particularly Russia. Foreign Ministry spokeswoman Mao Ning said at the regular press briefing in Beijing on Monday that the normal trade…
China’s SMEs see improved performance in Q1
The Small and Medium Enterprises Development Index, based on a survey of 3,000 SMEs from eight major industries, came in at 89.3 in the first quarter, up 0.2 points from the previous quarter, the …
Philippine deals with US, Japan will not affect China’s investments, Marcos says
Business deals that the Philippines secured at a summit with Japan and the United States will not affect China’s investments in the Philippines, President Ferdinand Marcos Jr said on Friday. “This …
China’s March crude imports slip 6% but rise slightly in Q1
BEIJING, April 12 (Reuters) – China’s crude oil imports in March fell from high levels a year earlier but remained strong as key indicators point to some economic stabilisation, official data showed on Friday. Crude…
China has a Trojan Horse in US Bitcoin mining infrastructure
China holds an alarming amount of power over Bitcoin miners in the United States. Congress should act to scale back the country’s influence.
Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul
Alibaba has made dramatic changes to its corporate restructuring plan as founders Jack Ma and Joe Tsai return to the driver’s seat The e-commerce giant is betting on improved shopping experiences, …
Yellen: US To Not Accept CN Imports to Destroy New Industries
US Treasury Secretary Janet Yellen warned China that the US will not accept new industries being battered by Chinese imports, and urged the Chinese government to curb excess industrial capacity, as she wrapped up her…
Deutsche Bank prepares to seize Hong Kong, mainland China business upswing while rivals retrench during IPO, deal slump
Our competitors are reducing capacity in Hong Kong and elsewhere,’ says Asia-Pacific CEO Alexander von zur Muehlen. ’That gives us a unique opportunity to operate in a kind of countercyclical way, and …
US Topples China As Taiwan’s Largest Export Market Due To Chips, AI Demand
The United States has topped long-time leader China as Taiwan’s main export market for four consecutive months due to a surge in demand for microchip products and AI technology, Taipei’s Finance Ministry said Friday.
China helps Russia in war, Biden discusses this with Xi Jinping – Reuters
The US believes that China is supporting Russia’s military efforts in the war against Ukraine. President Joe Biden raised this issue with Chinese President Xi Jinping during their phone call, …
German Auto Lobby Says Tariffs on China EVs Would Threaten Jobs
Germany’s auto industry association signaled it opposes any European Union tariffs on electric-vehicle imports from China, saying they would risk a trade war and threaten German jobs. With German Chancellor Olaf Scholz due in China…
