The U.S. government is doing the right thing by fully engaging with China, JPMorgan Chase CEO Jamie Dimon said in an interview with Sky News on Wednesday, adding that Beijing was a fierce competitor,
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Burberry’s profit slumps by a third as sales in China plunge
British luxury brand Burberry has reported a 34% drop in annual profit after sales fell sharply in China — its biggest market — in the final three months of last year.
War on Crypto Crime: Chinese Police Dismantle $1.9 Billion Underground Banking Ring
Chinese police dismantle a $1.9 billion illegal banking network using crypto, arresting 193 involved in the operation.
China Has Gotten the Trade War It Deserves
The Biden administration’s steep new tariffs are a rational response to Xi Jinping’s aggressive economic policies.
Biden Blocks China-Backed Crypto Mining Firm From Owning Land Near Air Force Base
The U.S. leader Monday ordered MineOne, a crypto mining firm majority-owned by China, to remove its equipment and dismantle improvements in a property located near an American Air Base home to ballistic missiles.
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
Chinese electric vehicle maker Nio on Wednesday launched the first vehicle under its new brand Onvo to be priced at a lower range and which aims to compete with Tesla’s Model Y, the world’s …
China LNG imports could hit record levels in 2024, PetroChina official says
BANGKOK, May 15 (Reuters) – China’s liquefied natural gas imports could hit record levels in 2024, a PetroChina official forecast on Wednesday. The world’s top importer of the super-chilled fuel is seen shipping between 78-80…
No NRF As Shein Leaves London And New York Guessing Over IPO
The NRF has reportedly not accepted Shein’s application to join the industry body, which could yet influence whether its long-awaited IPO goes to London or New York.
The Global Trade War Just Got Worse. It’s Bad for China and Everyone Else.
The new tariffs on Chinese goods are the latest salvo in what analysts see as a trade war that could last for years. That could boost inflation.
China accuses US of weaponising trade with new tariffs
US President Joe Biden has imposed new tariffs on goods including electric vehicles, batteries, and semi-conductors imported from China.
Xiaomi’s successful SU7 launch puts smartphone maker among China’s top 10 EV upstarts
Chinese smartphone maker Xiaomi has become the country’s eighth-largest EV upstart after selling more than 7,000 units of its SU7 sedan in April, according to industry data.
China’s Imports of Russian Aluminum Stymied for Now by Surge in World Prices
Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on…
Import Groups Decry Higher U.S. Tariffs on China-Made Goods
T rade groups representing importers derided President Biden’s move to raise tariffs on a range of imports from China, saying the duties will increase costs in supply chains and lead to higher prices for consumers.
