Here are five U.S. companies whose revenue is the most heavily exposed to China. “If you have a leading technology, you’re going to have a big business in China,” Amon said. And as it stands,…
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China Central Bank to cut reserve ratio, inject 1 trillion Yuan to boost economy
The People’s Bank of China (PBOC) has announced a significant reduction in the reserve requirements ratio (RRR) for all banks by 50 basis points, scheduled to …
China tries to halt stock market rout by boosting lending and wooing foreign investors
“The Chinese economy will surely move forward steadily while overcoming difficulties and continue to provide strong impetus for the global economy,” China’s top financial regulator said during a …
China says it’s working to de-escalate tensions in the Red Sea that have upended global trade
China, the world’s biggest exporter … for the sovereignty and territorial integrity of Red Sea coastal countries, including Yemen.” Get U-T Business in your inbox on Mondays Get ready for your week …
ASML expects US, Dutch export rules to hit China sales by 10-15%
Dutch computer chip equipment maker ASML on Wednesday said it expected new U.S. and Dutch export restrictions to reduce its potential sales to China by some 10-15% this year after they hit record …
Beauty brand says sales fell in China due to anti-Japan sentiment
Procter & Gamble on Tuesday said sales of its high-end SK-II skin-care brand fell 34% in the greater China region during its latest quarter — and it blamed an unlikely culprit.
China’s ban on Australian lobsters has Asean members clawing way into market
New Zealand and North America now account for more than half of all lobsters imported by China, but Indonesia and Thailand are making gains.
Nvidia CEO’s low-key China visit seen as a goodwill gesture towards key market as US chip firm grapples with sanction issues
Analysts says Jensen Huang’s tip to the mainland is a goodwill gesture to an important market but unlikely to solve chip firm’s issues amid US-China geopolitical hostilities.
Japan exports soared to record highs in December
Japan’s exports surged to record highs in December, with shipments to the U.S. soaring to their strongest-ever level while those to China were also robust, logging their first rise in more than a year …
China’s Hunan targets 6 pct GDP growth for 2024
The work report notes that Hunan has set a growth target of 6 percent for its total import and export in 2024. Enditem Follow China.org.cn on Twitter and Facebook to join the conversation.
China’s import of South Korean semiconductor materials skyrockets in 2023
To counter the ban imposed by the US to slow down its development of advanced semiconductors while ensuring its dominance in general-purpose semiconductors, China is aggressively importing …
BYD the first brand to outsell Volkswagen in China since 1986
Many have dreamt of dethroning Volkswagen from the top of the Chinese automotive sales charts, and BYD has done just that. For the first time since 1986 Volkswagen wasn’t China’s top car brand.
SK-II skincare sales hurt by anti-Japan sentiment in China
Procter & Gamble has said sales of high-end SK-II skincare brand fell 34% between October and December. In addition to China’s slow recovery, the firm’s executives blamed anti-Japanese sentiment. Last …