A profound shift in direct-to-consumer model and promises of new tech has left many stuck with excess inventory.
FINANCE
Foreign financial firms upbeat on China market amid steady economic growth, policy support
As China’s economy shows strong upward growth momentum after authorities unveiled a fresh round of supportive policies, multiple foreign financial institutions have expressed optimism about China’s …
Beijing clears way for tech firms to list overseas
Chinese authorities said on Thursday the country will provide a more transparent, efficient and predictable regulatory environment, along with …
RBA Upbeat On China’s Ability to Ride Out Trade War
Business leaders in China are confident about its strong negotiating position on trade, the RBA deputy governor said following a trip to the country.
JPMorgan is long-term in china despite pressure, Dimon says
SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies.
China’s outbound direct investment sees steady growth in Jan-April
BEIJING — China’s total outbound direct investment (ODI) rose 7.5 percent year-on-year to $57.54 billion in the first four months of this year, according to data released Thursday by the Ministry of …
China’s plea to PM: let us into trans-Pacific trade deal
Beijing has reacted to Prime Minister Anthony Albanese’s declaration of support for Indonesia to join the trans-Pacific free trade deal by issuing a fresh plea to back China’s membership of the pact, …
Former PBOC deputy governor Liu Guiping to head Bank of China, sources say
China will appoint financial veteran Liu Guiping as chairman of Bank of China , the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said.
U.S.-China ‘contest of the century’ is on technology, says academic
Andrew Sheng, Distinguished Fellow at the Asia Global Institute and Chief Adviser to the China Banking Regulatory Commission, describes the current tension between the U.S. and China as a showdown …
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Read more at The …
Nvidia CEO calls Biden’s AI chip curbs on China ‘a failure’ and praises Trump’s changes
U.S. efforts to curtail China’s access to advanced artificial intelligence chips have backfired, Nvidia (NVDA) CEO Jensen Huang said Wednesday, adding that the Biden administration’s export …
China entices savers to cross risky Rubicon
Looser monetary policy has driven one-year bank deposit rates below 1%. It may prompt households to shift more of their record $22 trln parked there into stocks, long a Beijing goal. But a murky …
Trump tariffs live updates: US and China trade truce grows fragile amid war of words over chips
The trade truce between the US and China appears increasingly fragile, as both sides trade barbs just more than a week after sending markets into euphoria by pausing sky-high tariffs on one another.
