Burberry Group Plc sales rose at the fastest rate in two years after the trench-coat maker benefited from a rebound of demand in China.
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China’s chip imports slump in first half as US sanctions and ongoing tech war take toll on trade
China’s imports of integrated circuits (ICs) slumped 18.5 percent in the first six months of 2023 from a year earlier by volume, according to newly released customs data, at a time when the U.S. and…
Signs ‘crypto winter’ ending as regulatory fog begins to lift
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) -Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets …
China’s hottest summer trend? How Xiaohongshu made ‘jorts’ a thing
With over 80 official accounts, Xiaohongshu is dedicated to supporting creators and creating communities around the latest trends.
Industrial Hub Facing Power Crunch That May Ripple Across China
Extreme heat and rising energy demand risk overwhelming China’s attempts to prevent a repeat of last year’s curbs on power supply in the major industrial province of Sichuan. Most Read from BloombergH …
US Lawmakers Say China Using Coercive Business Practices for Economic Advantage
In its latest report to Congress in 2022, the U.S.-China Economic and Security Review Commission, set up by Congress in 2000 to monitor and report on the national security implications of the …
Watch live: House committee holds hearing on US companies doing business in China
The House Select Committee on the Chinese Communist Party (CCP) will hold a Thursday evening hearing where several experts will testify on the risks U.S. businesses face operating in China. U.S.
Watch live: House committee holds hearing on U.S. companies’ doing business in China
which advises companies doing business in China; Shehzad Qazi of China Beige Book International, which follows and analyzes the Chinese economy; and Chinese business leader Desmond Shum, whose ex-wife …
Follow the crypto: In its fight against fentanyl, DHS is tracing cryptocurrency used by Mexican drug cartels
Secretary Mayorkas told NBC News Thursday that DHS “is seeking to hold individuals accountable, seizing their property and also interrupting their financial flow.” …
Why Wall Street Likes Imax’s $124M Deal to Take Full Control Of Its China Unit
Finance experts told investors that Imax’s attempt to highlight the value of its China business via a separate stock listing in the market has failed to play out as hoped so the decision to buy…
The West Loses Grip On China’s Auto Market As Domestic Carmakers Boom
In China, domestic automakers are starting to overtake Western companies, marking a big win for Beijing’s domestic industrial policies and signaling the potential end to decades of dominance by …
German business associations widely welcome China strategy
German business associations on Thursday welcomed the government’s long-awaited China strategy, praising its focus on minimising risk instead of cutting economic ties, and said the next steps would be …
Transphorm unfazed by China’s new import rules
China’s announcement that it would be limiting exports of two metals that are crucial to the semiconductor industry threw everyone for a loop, but Santa Barbara-based Transphorm believes there is no …