The luxury goods industry is braced for trouble as a slowdown in demand from China hits sales. LVMH will be the first major player to shed light on business when it updates investors next week.
BUSINESS
Xi Jinping’s chief of staff urges business mogul to boost US-China ties at ‘critical crossroads’
Cai Qi, China’s No 5 official, holds rare meeting with influential American businessman John Thornton, who was granted unprecedented access to the country during Covid-19 era.
Dave McCormick’s former company invested in Chinese manufacturers of military equipment: Report
While McCormick was CEO or co-CEO of Bridgewater Associates, the hedge fund held more than $200 million in stock in at least 20 Chinese companies that were later sanctioned by the United States for …
China March iron ore imports edge up, steel exports near 8-year high
China’s iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers …
China gave BYD an incredible $3.7 billion to ‘win’ the EV race
China has been heavily subsidizing its green tech sectors. But BYD is a favorite child of the bunch, receiving subsidies to the tune of “at least” $3.7 billion, according to a new German study.
Banning The Shein IPO Is Un-American
Banning a U.S. IPO for Shein sends a concerning message about America’s commitment to disclosure-based capital markets and leadership in championing innovative companies.
China body says EU electric vehicle probe is stacked against Chinese producers
The European Union’s investigation into electric vehicles is stacked against Chinese manufacturers, not transparent and in violation of global trading rules, even before its outcome is known, a …
US airlines ask Biden to ban additional flights to China, cite America’s ‘competitive disadvantage’
Lobbying group Airlines for America argued that Beijing’s “existing harmful anti-competitive policies” hurts US airlines and its workers.
China reportedly orders state-owned mobile carriers to replace foreign chips
Back in 2019, the FCC banned US carriers, which were then starting to deploy their 5G networks, from using subsidies to buy equipment from companies deemed a national security threat. Chinese …
China looks to strengthen regulation in capital market
The China Securities Regulatory Commission has announced to elevate IPO requirements, tighten delisting rules and strengthen the oversight of quantitative trading in a set of policy documents on …
China Strengthens Stock Market Trading, Listing Regulations
The China Securities Regulatory Commission (CSRC) strengthened delisting requirements to force unqualified companies to exit the market and vowed to step up efforts to audit delistings, according to …
China Vows to Tighten Stock Market Supervision as Rebound Stalls
China’s cabinet vowed to tighten stock listing criteria and urged companies to improve corporate governance in a new guideline released Friday, the latest effort to shore up the equity market. Most …
China Exports Slide, Snapping Short-Lived Rebound
China’s exports fell by more than expected in March after a short-lived rebound, casting a shadow over recent signs of recovery in the world’s second-largest economy.
