TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers.
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Din Tai Fung to close 14 China outlets amid weak consumer spending
China threatens to take ‘necessary measures’ over U.S. sanctions
Beijing is threatening to take “necessary measures” against the United States over the Biden administration’s move last week to sanction dozens of Chinese companies over their alleged support of Russia’s war.
Din Tai Fung to Close China Outlets Amid Weak Consumer Spending
Taiwanese dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers.
Taiwan bans concert by Chinese rapper over insulting ‘Taipei, China’ promotional materials
Taiwan has cancelled a planned Taipei concert by a Chinese rapper over his use of the insulting term “Taipei, China” in promotional materials
China’s central bank conducts $66 billion via reverse repos Monday
China central bank conducted 471 billion yuan about US66 billion of seven-day reverse repos at an interest rate of 17 percent MondayXinh …
China’s chief market regulator calls on fund managers to inject confidence, revive stocks
China’s chief capital market regulator has called on leading state-run investment institutions and private asset managers to step up their presence and help revive confidence among investors in the …
As China upgrades its androids, is ‘more human than human’ on the horizon?
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Korea’s exports to China could drop by 6% if Trump introduces tariffs, BOK warns
The latest report from the Bank of Korea (BOK), released Monday, suggested that Korea’s export growth to the world’s second-largest economy might not rebound to its previous robust levels, as China’s …
Passed the peak? China’s crude oil imports trend down
China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
German firms ignore calls to shrink China investments
Germany’s direct investments in China are still growing despite efforts to be less reliant on the Asian power. China continues to be a critical trade partner for Europe’s largest economy, so how to …
China’s Property Rescue Plan Isn’t Working
“It doesn’t feel like there’s been any real improvement in the real estate sector in China,” Lubin said. “In June, the total 70-city average indicator of property prices declined by 7.9 percent …
Exclusive-China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit, say sources
HONG KONG (Reuters) – China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core …
China’s budget spending shrinks as land sales plummet
The property fallout on public finances is becoming increasingly evident on the balance sheets of indebted local governments.