Former World Bank vice-president Justin Lin Yifu reiterated his estimate this week that China will become the world’s top economy by 2030 Overseas investors did sell 67 billion yuan (US$10.6 billion) …
Tagged By business
GM Gears up to Launch ‘Halo’, a New Premium Import Business in China
According to a Shanghai-based GM spokesperson, Blissett told Chinese media outlets on Friday the new premium brand will specialize in selling upscale GM vehicles currently unavail …
International firms are facing louder calls to quit Russia – here’s why brands like Starbucks, KFC, and Uniqlo are choosing to stay
Over the past few days, dozens of global brands have suspended sales in Russia putting pressure on others to do the same.
Adidas announces new China chief as it looks to revive sales
Adidas has replaced its China chief, it said on Tuesday, as the German sportwear brand looks to revive sales in the world’s second largest economy.
GM gears up to launch new premium import business in China
BEIJING, March 8 (Reuters) – General Motors Co (GM.N) plans to create a new, independently owned premium brand in China that will market what the automaker’s China chief Julian Blissett recently …
U.S. trade deficit soars to record high in January as imports rise
The U.S. trade deficit widened to a record high in January as imports increased and exports fell, the U.S. Commerce Department reported on Tuesday. U.S. imports rose by 1.2 percent to 314.1 billion U.
China exports log 16.3% rise in first two months: customs
Chinese exports in January and February rose a combined 16.3 per cent on surging global demand and a spike in trade with Russia in the run-up to the Ukraine conflict, according to customs data …
Column: China’s commodity imports look deceptively boring. But Ukraine looms
China’s imports of major commodities appeared largely steady to even somewhat soft in the first two months of the year. But the bland figures mask some dynamic shifts, which are likely to be …
Ant Group IPO said to be delayed indefinitely
An Ant Group initial public offering is said to delayed indefinitely amid China’s crackdown on the tech industry. Bankers who last fall discussed a possible Hong Kong-based IPO of the fintech …
U.S. Firms in China Aren’t Leaving. They’re Just Not Investing More, According to This Survey.
American firms with operations in China continue to face frustrations ranging from pandemic restrictions to policy hurdles, a new report says …
Amazon’s business closely entwined with China, suppliers linked to forced labour in China: Watchdog group
A report from the Tech Transparency Project said that Amazon’s business is closely entwined with China and its suppliers linked to forced labour in the Xinjiang region of China. The research group …
China’s amateur investors are betting big time on a boost to Russian trade
By Laura He, CNN Business Chinese retail investors are snapping up stocks with even the slightest link to trade with Russia, as they bet on closer economic ties between the two countries following …
Semiconductor imports to China shrink for first time in two years, but value jumps nearly 20 per cent
Integrated circuit imports fell 4.6 per cent in January and February to 91.9 billion units year on year, but the value of imports jumped nearly 20 per cent amid a global chip shortage.
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