(Bloomberg) — China’s price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the trend while adding pressure on premium brands. Most Read …
Tagged By brands
Europe gives China a free pass in supporting war on Ukraine
Russian President Vladimir Putin wants to dominate Ukraine and the Baltics because he believes they belong to Russia. But by supporting Russia with vastly increased imports, now accounting for half of …
Renault takes on electric car challenge from China
The boss of Renault has said European manufacturers “can’t surrender”, despite Chinese and US brands leading the market for electric cars.The company has just launched the new Renault 5, a futuristic …
China’s January net gold imports via Hong Kong jump 51% m/m
China’s net gold imports via Hong Kong jumped about 51 per cent in January from the previous month, Hong Kong Census and Statistics Department data showed on Tuesday.Net imports into the world’s top …
China vows to break down barriers to aid economic recovery, but call continues for stronger stimulus
Chinese Premier Li Qiang held a study session with his cabinet on Monday, vowing to tackle barriers to forming a vast market, with officials discussing a wide range of economic issues at various other …
Shein’s China ties might mean it IPOs in London instead of New York
The U.K.’s Sky News is reporting that London might usurp New York for the initial public offering. The outlet says that Jeremy Hunt, the UK’s chancellor of the exchequer (a rough equivalent to …
HTX, formerly Huobi, resubmits Hong Kong crypto licence application days after withdrawal
The withdrawal is a dramatic retreat for the world’s fifth-largest crypto exchange, which had hoped to win customers in Hong Kong after exiting the mainland market.
US Queries Solar Supply Import Chains Amid China Crackdown
The request comes amid questions about how the US is enforcing a ban that went into effect in June 2022 on the import of goods made or originating in China’s Xinjiang region, which has been…
Japanese Business Gains From The U.S.-China Split
Japan seems to have gained considerably from the growing economic distance between China and America, increasing sales to both parties.
UPDATE 1-China’s Jan gold imports via HK gallop to 6-year highs on festive spirit
China’s January net gold imports via Hong Kong jump 51% m/m * 2024 saw the highest January gold withdrawals ever – WGC (Updates throughout with comments, details) By Swati Verma Feb 27 (Reuters) – …
Mexico offers attractive alternative for manufacturers exiting China
As companies begin their nearshoring efforts, they will need to develop strong relationships with the right cross-border partners to ensure success. The post Mexico offers attractive alternative for …
Nvidia Has Developed Alternative Data Center Products for the China Market That Don’t Require a License to Export
On the AI chip leader’s recent earnings call, management discussed a topic that investors should know about: Nvidia’s data center platform’s sales to China.
China’s Jan gold imports via HK gallop to 6-year highs on festive spirit
China’s monthly net gold imports via Hong Kong surged 51% in January to their highest since mid-2018, official data showed on Tuesday, as customers amassed the precious metal in preparation for the …
