Global sales growth for luxury goods is expected to slow this year, per a Bain & Compnay report. “Luxury shaming” in China could be a factor.
Tagged By beijing
Outgoing NATO chief says China should face consequences for backing Russia’s war on Ukraine
NATO’s secretary general called out Beijing on Wednesday, saying China “cannot have it both ways” when it comes to the war in Ukraine.
Philippines tells Beijing words must match actions in South China Sea
The Philippines urged China on Wednesday to avoid actions that endanger sailors and vessels in the South China Sea, saying peace could not be achieved if China’s words did not match its behaviour in …
Most Japan firms see no need to follow the U.S. with tariffs on China
Most Japanese companies see no need for their government to follow the U.S. in raising tariffs on Chinese imports, saying excessive production capacity in China’s industrial sector does not affect …
CAIR condemns China’s ‘erase’ of Muslim Uyghur village names in Xinjiang
The Council on American-Islamic Relations condemns what it says is China’s ongoing attempt to “erase” Muslim Uyghur culture after a report alleges the systematic changing of village names to reflect …
Tech war: Huawei wields growing influence in China’s server industry with AI chip success
Huawei Technologies, which was forced to divest its server subsidiary three years ago due to US tech sanctions, is regaining its influence in that sector on the back of its AI chips.
Morning Bid: Asian stocks at 2-year high; China, Indonesia set rates
A look at the day ahead in Asian markets. No Wall Street, no problem. Investors in Asia go into Thursday in a bullish mood with Asian stocks at two-year highs, boosted by strength in tech…
China Will Struggle to Undo US Dominance
And it’s not the China of yesteryear. The lucky country is the US, a place so often said to have been on the verge of eclipse for various reasons such as big deficits, the euro…
India Could Help the U.S. to Tech Victory Over China
A promising partnership with a country that has a massive market and an impressive pool of talent.
French farmers worry pork exports will suffer in EU-China row over customs
An anti-dumping investigation into imports of pork products is at the heart of a trade tug-of-war between Europe and China
Chinese government launches retaliatory pork probe in response to EV taxes—’Risk of a global trade conflict is rising further’
We must avoid an escalation of trade countermeasures,” said Spanish Economy Minister Carlos Cuerpo.
China Aluminum Ore and Concentrate Imports in May 2024
According to data from the General Administration of Customs, China imported 13.55 million mt of aluminum ore and concentrates in May, down 4.83% MoM, up 4.7% YoY; the cumulative imports from January to May were…
Hong Kong may reap bonanza as China expedites approvals for offshore IPOs
Market watchdog’s second-in-command tells Lujiazui Forum that the pace of approvals has already picked up, but is ‘still not sufficient’.
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