Yoox Net-a-porter’s plan to exit China stems from a global strategy to focus investments and resources on core, and more profitable, geographies.
FINANCE
Climate dealmakers brace for China showdown over money at COP29 summit
Negotiators representing more than 190 countries convened in Bonn, Germany, this week for a meeting that typically sets the tone for the annual talks …
Analysis-Bound by rules and economics, EU trails U.S. on China tariffs
The European Union’s plan to hike tariffs on Chinese electric vehicles (EVs) reflects a firming of its stance towards Beijing, but falls short of a tougher U.S. position tending towards an outright …
Climate dealmakers brace for China showdown over money at COP29
With just five months to go before the COP29 climate summit, the biggest fights are set to be over how to channel trillions of dollars from developed nations to emerging markets—and how China fits …
Le Maire Urges Tariffs in Other Areas After EU Acts on China EVs
The European Union should take measures to deal with Chinese overcapacity in other industries after deciding to impose tariffs on imports of electric vehicles from China, French Finance Minister Bruno …
China’s currency is not as influential as once imagined
The international monetary system is diversifying at an accelerating pace, said Pan Gongsheng, the governor of China’s central bank, in March. The yuan has become the fourth-most active currency in …
China’s central bank backs Beijing’s property destocking plan as housing sales crawl
China’s central bank has backed the government’s plans to absorb the nation’s unsold homes and fix an inventory overhang which a data provider said could take as long as 18 months to work through.
China overlooks Milei’s rhetoric, hands Argentina US$35 billion lifeline
Weeks of market turbulence ends as crucial currency swap renewal is agreed, giving Buenos Aires economy room to breathe.
Pakistan’s $7.6 bn defence budget is good news for China. Here’s why
Pakistani finance minister Muhammad Aurangzeb presented the country’s budget in the National Assembly on Wednesday. The budget has allocated Pakistani rupees 2.122 trillion (approximately $7.6 billion) to defence for the fiscal year 2024-25,
China to resolutely safeguard the stability of FX market, regulator says
The remarks, by Zhu Hexin, head of the State Administration of Foreign Exchange (SAFE), were published in an article …
China’s Once-Mighty Credit Cycle Is a Fading Force on World Markets
China’s credit engine, which once powered industries and markets all over the world, is stuck in low gear – and set to stay there.Most Read from BloombergHunter Biden Was Convicted. His Dad’s Reaction …
EU hits Chinese EVs with tariffs, drawing stern words from Beijing
BRUSSELS (Reuters) – The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing …
Inflation in China is Finally Beginning to Stabilize
China’s consumer inflation remains stable, while producer prices show signs of improvement, indicating sluggish demand amid an ongoing property downturn.
