That’s because China-West tensions and the COVID-19 shock have disrupted global supply chains. Washington has pushed the idea of “friendshoring”, replacing China’s role in supply chains with friendly nations, with Mexico identified by economists as…
Recent Posts
Hong Kong could be a ‘tailwind’ for lagging crypto activity in Asia: Chainalysis
Despite China’s cryptocurrency ban in 2019, Hong Kong could be the key to bringing more digital asset activity back to the East Asia region, according to blockchain analytics firm Chainalysis.
China’s BYD poised to overtake Tesla as world’s biggest seller of electric vehicles
HONG KONG – BYD is poised to overtake Elon Musk’s Tesla as the world’s biggest seller of electric vehicles (EVs) as the Chinese automaker’s global sales push gains greater traction.
LVMH’s duty-free unit bets on China luxury hub with mega mall
It’s part of a series of commitments the company is making in the country, DFS China president Nancy Liu said. The expansion highlights global brands’ increasing understanding that China’s wealthy …
Chinese toy company Pop Mart opens Beijing theme park
Following in the footsteps of Disney and Studio Ghibli, China’s Pop Mart brand has expanded into the theme park business.
US and Philippines launch military drills with partners as China tensions mount
The United States military kicked off two weeks of multilateral exercises with its Philippine allies and multiple international partners on Monday amid rising tensions between Manila and Beijing over …
China Is Suffering a Brain Drain. The U.S. Isn’t Exploiting It.
China’s brightest minds, including tech professionals, are emigrating, but many are not heading to America. We spoke to them to ask why.
World Bank Sees China’s Growth Sputtering to Slowest Rate Since 1960s
Hours after the People’s Republic of China celebrated its 74th birthday October 1 with fireworks and flowers, the World Bank cut its forecast for the country’s growth next year. The World Bank said in …
Micron on the docket as US Senators head to China amid probe
The bipartisan group of lawmakers is heading to China next week and among other things will raise the issue of Micron’s ability to do business in the company, Bloomberg reported, citing Senator Mike …
US reportedly warns China on chipmaking tool export curb update
As the anniversary of the US’s export ban against China approaches, the White House is reportedly expected to impose stricter curbs on advanced technologies in early October, which the US had warned …
Notebook brands run into challenges moving production beyond China
Notebook brands are being met with challenges trying to relocate notebook production outside of China. Dell has recently encountered quality issues that have impeded its mass production in Vietnam.
China flexes green thumb as it pursues agricultural self-reliance
As the world’s largest durian consumer market, China imported 825,000 tonnes of the fruit in 2022, according to customs data. The Ministry of Agriculture announced in late August it would widen its …
Ramaswamy’s GOP debate rivals tied his business to China, Hunter Biden. What’s behind the attacks?
“This is nonsense,” Ramaswamy responded to Scott. As with many claims about Hunter Biden, President Joe Biden’s son, whose foreign business dealings have drawn Republican scrutiny, the claims are …