Placing tariffs on China is a risky way to boost domestic industry. The US should instead focus on reducing its budget deficit, Stephen Roach said.
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China’s third plenum and the 3 major challenges facing ‘Xi the reformer’
Xinhua article marking third plenum hails Xi Jinping as reformer on a par with Deng Xiaoping, but headwinds see task cut out for president.
ZEEKR And Geely: China Autos Q2 2024
Zeekr uses Geely platforms and factories, and holds a specific strategic position within the group. Learn why I rate ZK stock a hold.
PwC mulls cutting down 50% staff in China amid regulatory scrutiny
PricewaterhouseCoopers (PwC) is considering reducing up to half its financial services auditing staff in China, according to two sources familiar with the situation, as a regulatory investigation and …
China looks to South African food exports as way of reducing reliance on US and Australia
The country is already a major supplier of metals and minerals, but now its agricultural sector could benefit from strong demand in China.
Chinese bubble tea maker Chagee reportedly hires Starbucks talent, mulls US IPO
Chinese bubble tea chain Chagee has reportedly hired Li Tao, vice president of Starbucks China, paving the way for the rising brand’s further expansion, according to local media outlet 36Kr. However, …
Exclusive: PwC weighs halving of China financial services audit staff, say sources
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an …
Chinese state-owned brokerage to ramp up investment banking business in Southeast Asia
A unit of state-owned brokerage China Galaxy Securities (CGS) plans to expand its investment banking team in Southeast Asia to 50 people next year from 30 now, a senior executive said, betting on a …
Experts worry that a U.S.-China cold war could turn hot: ‘Everyone’s waiting for the shoe to drop in Asia’
They also worry that China may quickly erode the U.S.’s technological advantage and Washington’s global influence. Many of China’s trading partners are in the “middle powers group: The Brazils and …
Hong Kong Employees at China Financial Firms Face Pay Clawbacks
Some of China’s largest state-backed financial firms are asking employees in Hong Kong to return a portion of their pay, extending President Xi Jinping’s “common prosperity” campaign to the offshore business hub.
Luxury brands roll out huge discounts as Chinese rein in spending
The sales are being offered primarily by aspirational brands such as Versace and Burberry, as China’s once-voracious middle-class consumers become more frugal.
Cartier Owner Richemont Posts Slight Sales Drop Amid Sluggish Demand in China
Cartier owner Richemont met analysts’ sales estimates for its fiscal first quarter as demand slowed for luxury goods, particularly in China.
China Puts Power of State Behind AI—and Risks Strangling It
SINGAPORE—As American tech giants pull ahead in the artificial-intelligence race, China is turning to an old playbook to compete: putting the vast resources of the state behind Chinese companies.But the heavy hand of China’s government…
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