BEIJING, Aug. 21 (Xinhua) — Here is some good news for coffee lovers in China: Chinese coffee giant Luckin Coffee recently opened its landmark 20,000th outlet, and German coffee brand Neumann Kaffee …
Tagged By beijing
Beauty retailer Sephora cuts China jobs as market slumps
LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world’s No. 2 economy.
US Ally Meets China’s ‘Monster Ship’ Guarding Artificial Islands
Canada’s navy encountered a Chinese “monster ship,” which is the largest coast guard vessel in the world, during a patrol near China’s artificial islands in the South China Sea. The United States Naval Institute’s USNI…
China Launches Anti-Subsidy Probe on EU Dairy Imports
KEY TAKEAWAYS China has launched an anti-subsidy investigation into dairy imports from the European Union (EU).The probe comes a day after the EU updated import tariffs on Chinese-made electric …
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small loss a year earlier. Revenue climbed 4.1% to 50.9 billion yuan, after ride-hailing …
Atelier Xi Nestles Two Visitor Pavilions Within a Shenzhen Park
One such green oasis is the new Qiaochengbei North Park in the western district of Nanshan, where, last year, local practice Atelier Xi completed a visitor center that strives to stand on its own …
China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support, sources say
A $5.64 billion offshore debt restructuring plan by China state-backed property developer Sino-Ocean Group’s has only got support from less than 30% of creditors, two sources with direct knowledge of …
HKEX Posts Quarterly Profit Growth as IPO, Trading Activity Picks Up — Update
concerns about China’s economy and foreign investors exiting the city, factors that have chipped away at Hong Kong’s reputation as a destination for global listings. The Hong Kong exchange operator …
China to probe European dairy imports as trade dispute escalates
Beijing is investigating whether dairy producers in the European Union receive unfair government subsidies, marking the latest salvo in an escalating trade dispute.
China Merchants Bank former VP under investigation for violating law, watchdog says
China Merchants Bank’s former vice president Ding Wei has been placed under investigation for suspected severe violation of law and discipline, China’s Central Commission for Discipline Inspection …
China’s No. 2 official travels to Russia to ‘deepen’ ties as Ukraine war grinds on
Chinese Premier Li Qiang is set to meet with Russian leaders in Moscow Wednesday during a four-day trip to Russia and its ally Belarus as Beijing shrugs off Western criticism of its robust Kremlin …
China bans risky trusts from selling wealth products for LGFVs
CHINA told some trust companies to stop raising money from individuals to fund local government financing vehicles, according to people familiar with the matter, in its latest effort to curb growing financial risks.
China’s Real Estate Sector in Decline
This chart shows the operating profit and number of finished apartments of real estate developers in China (in billion Chinese Yuan).
