US Agriculture Secretary Tom Vilsack implied that China may be favoring Brazilian corn and soybeans partly in retaliation against recent restrictions on ownership of American farmland.
Tagged By business
China is flooding the market with cars that are just stacking up at ports
According to a report by the Financial Times, auto imports are piling up at European ports, with some officials going as far as calling them “car parks,” as automakers and distributers navigate a …
China will confront the dreaded middle-income trap this decade
Lofty statements and mantras about reforms and attracting foreign investment mean little. What matters are the actual policies that China pursues. Whether it can regain its past growth trajectory is …
China’s IPOs drop in Q1 by 56% y-o-y, as nation steps up regulation to enhance quality of listed firms
The number of A-share IPOs has fallen significantly so far this year, with none available for subscription this week, and issue prices have become more reasonable, indicating a steady rise in market …
Extreme tariffs on Chinese imports could hurt the U.S. more than China
Currently, total U.S. imports of goods and services from China exceed exports by a ratio of 2.8 to 1. To narrow this gap, the U.S. should require licenses to import from China, limit those to…
Crypto Scandal: Terraform Labs Co-Founder Loses SEC Lawsuit
Do Kwon, the CEO of Terraform LabsLoses a civil lawsuit filed by the SECHigh possibility of extradition to the U.S. On the 5th, a Manhattan jury found that Terraform Labs and its co-founder Do Kwon…
China’s BYD eyes luxury brands to boost profit margins
GUANGZHOU — Chinese electric vehicle leader BYD may have no choice but to turn to its luxury brands like Denza and Fang Cheng Bao to boost profit margins, amid a relentless EV price war that…
Alibaba’s AliExpress pushes ‘10 billion yuan of subsidies’ campaign to entice more Chinese brands and merchants to sell in overseas markets
Subsidies will be given to an initial batch of 1,000 Chinese brands and merchants who sign up for the AliExpress programme The “10 billion yuan of subsidies” campaign represents a typical mainland …
HSBC to accelerate China wealth expansion, on track to meet hiring target
HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its headcount by next year, its global wealth head said, as the …
Global firms with China units tempted by cheaper renminbi funding
Global companies with China businesses are increasingly issuing renminbi debt to finance operations there, as for the first time in six years it has become cheaper to do so rather than raising money …
China’s Xi meets with Russian Foreign Minister Lavrov in show of support against Western democracies
Chinese leader Xi Jinping met with Russian Foreign Minister Sergey Lavrov in a sign of mutual support amid Moscow’s invasion of Ukraine and shared opposition to Western democracies led by the U.S.
China’s Bringspring Drops After Quashing Acquisition Rumors of Ex-Server Unit of Huawei
Shenzhen-listed Bringspring [SHE: 300290] dropped 12.8 percent to close at CNY9.13 (USD1.30). The shares have more than doubled in value in two months during rumors of close links with XFusion.
Russia-China Trade Hamstrung by US-Fueled Bank Issues
The Moscow Times reported on Tuesday—citing Russian Central Bank data—that both exports and imports between the two neighboring markets are decreasing. The issue appears to be linked to the refusal of …
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