Chinese authorities have banned the accounting firm PwC for six months and fined it over $56.4 million over its involvement in the audit of collapsed property developer Evergrande.
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PwC China gets 6-month ban and fine over false audits of Evergrande
China’s crude oil imports rebound, but it’s prices, not consumption
China’s crude oil imports staged a rebound in August, rising to the highest in a year, but the increase is largely due to earlier lower prices rather than any recovery in consumption.
Biden cracking down on Chinese retail shipments; US consumers feeling better
The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that
Chinese courier delivery firm BingEx files for US IPO
Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile …
Under Armour’s Curry Brand opens first store – in China
Under Armour’s Curry Brand – a partnership with basketball star Steph Curry – has opened its first brick-and-mortar store, in China.
Brand Beyond Politics: A World Unified Through Shared Consumption?
In a polarized world, shared affinities for brands and experiences can offer refreshing reminders of our common ground.
Delta seeks to delay resuming four daily US flights to China
Delta Air Lines on Friday asked the U.S. Transportation Department to allow it to delay resuming four daily flights to China, citing ongoing challenges in the market.
During ‘China Week,’ House GOP revived surveillance program. Asian Americans are slamming it.
Asian American groups are sounding the alarm after the House passed a bill seeking to revive the controversial, Trump-era surveillance program the China Initiative.
China hits PwC with six month ban and large fine in record penalty over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
Luxury Brands’ New Snag? Handbag Arbitrage
It is much cheaper to buy designer goods in Europe than in China, and professional resellers are profiting from the gap. Posh labels are finding it hard to crack down.
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled…
Pope makes new overture to China, calling Beijing ‘a promise and hope’ for the church
ABOARD THE PAPAL PLANE — Pope Francis declared Friday that China was “a promise and a hope” for the Catholic Church, offering extensive praise for Beijing at the end of a four-nation tour through …
Pets, sports, and Disney might end up rescuing China’s ailing consumer economy
China’s pets, sports, and cultural IP economies are poised for rapid growth, with supply currently lagging huge demand in those markets, BofA says.
