China will take a raft of measures to stabilize and improve the quality of foreign trade in the second half of the year (H2) to consolidate its resilience, a commerce official said Thursday. In the…
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Lululemon set to expand presence in China
Lululemon Athletica Inc, a Canada-based athleisure apparel company, is expecting China to become its second-largest market worldwide by 2026 through new store openings, an expanding product portfolio …
China’s economic growth falls to 0.4% amid COVID shutdowns
China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks, but the government said …
Alibaba shares fall on report of China probe over data theft
Shares in Alibaba Group Holdings Ltd fell 5.7% on Friday after the Wall Street Journal reported that the Chinese tech giant’s cloud division has been summoned by Shanghai authorities in connection …
MAS calls crypto crisis a “bloodbath”: Here are 10 crypto firms that have been badly affected
With crypto winter in full swing, many companies have been severely affected and these crypto companies have not been spared.
China’s economy shrinks 2.6% during virus shutdowns
Economists and business groups say China’s trading partners will feel the impact of shipping disruptions over the next few months. “The resurgence of the pandemic was effectively contained,” the …
China View: Mind your business language
Australia’s relations with China have been terrible over the past few years. On July 8, Australian Foreign Minister Penny Wong met with China Foreign Minister Wang Yi. When the Australian media …
Nepal, China agree to activate existing boundary mechanisms
Mechanisms will be formed soon, either during Foreign Minister Narayan Khadka’s upcoming China visit, or at another bilateral meeting, officials say.
Biden administration weighs rolling back Trump-era import tariffs to lower prices
There’s a push for President Joe Biden to bring down prices by rolling back Trump-era tariffs. Supporters say the move could help with surging inflation by lowering costs on imported goods.
China exports jump on easing virus rules but imports slump
BEIJING: China’s exports surged more than expected in June after its largest city eased lockdown rules, official data showed Wednesday, but import growth dipped while lingering Covid controls kept …
China’s import growth lagged behind exports for a good reason
Import data in June does not reflect the current demand for goods in China as lockdowns eased in the month and shipments were made before that. Import …
U.S. Senate to vote as soon as Tuesday on slimmed-down China chip bill -source
Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling …
U.S. Congress needs to act next week on China chip bill, Raimondo says
U.S. Commerce Secretary Gina Raimondo said on Thursday that the Biden administration would support a pared-down version of legislation to boost the U.S. semiconductor industry and improve …
