It is much harder for U.S. soybean farmers to pivot away from China. The country imports about 60% of the world’s soybeans, and the U.S. and Brazil are the two biggest producers of the crop.
Tagged By business
China Mounts Fresh Challenge to Boeing and Airbus
The C909 is a short- to medium-range turbofan regional jet, independently developed by COMAC. It can carry up to 97 passengers and has a flying range of 2,225 to 3,700 kilometers. The C919 is a…
Even LVMH’s Arnault can’t resist shopping at the Chinese brands destroying his company’s sales
A changing of the guard is underway in China’s US$49 billion (RM203 billion) luxury market.As an economic slowdown batters the sales of global giants …
Ant International, UBS join forces on blockchain-based cross-border payment settlements
The strategic partnership aligns with financial institutions’ increased adoption of blockchain technology for cross-border payment solutions.
L’Oréal Backs Chinese Clean Beauty Brand Lan
The investment was made via L’Oréal’s China fund Shanghai Meicifang Investment and its corporate venture capital arm BOLD.
L’Oreal picks up stake in second Chinese skincare brand: inside ‘C-beauty’s rising popularity
L’Oreal boosts its China strategy with a minority stake in skincare brand Lan as global rivals recalibrate their strategy and domestic C-beauty brands reshape the market.
China’s Unitree Robotics completes pre-IPO tutoring for onshore listing
Unitree Robotics, one of China’s leading humanoid robot manufacturers, has completed its pre-initial public offering (IPO) tutoring process in only four months, a major step towards an onshore listing …
China’s WuXi AppTec, after evading threat of U.S. restrictions, comes out ahead
WuXi AppTec, the Chinese pharma giant with extensive ties with U.S. companies, appears to be thriving now that the threat of U.S. restrictions has dissipated.
China’s homegrown luxury boom offers lessons for the global fashion scene
China’s evolving luxury landscape reveals how brands rooted in local identity can capture modern consumers – and inspire markets far beyond its borders.
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
By Sophie Yu and Casey Hall BEIJING, November 17 (Reuters) -Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second …
China shoppers are choosing local luxury over LVMH, Gucci
Five domestic prestige brands in handbags, apparel, fragrance, cosmetics and jewellery have outpaced seven foreign rivals in sales growth over the past two years.
China’s state-owned giants vying to be world-class enterprises
BEIJING: State-owned enterprises (SOEs), as key participants in China’s high-quality development and in international competition and cooperation, should enhance their core competitiveness and, …
US sanctions propel Chinese AI prodigy to US$23 billion fortune
BEIJING] In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet. Read more at The Business Times.
