with exports also setting a record by value at more than 24.5 billion Canadian dollars (19.6 billion U.S. dollars). Enditem Follow China.org.cn on Twitter and Facebook to join the conversation.
Tagged By business
China’s independent refiners start buying Russian oil at steep discounts
Many western companies are self-sanctioning or struggling to secure the insurance, shipping or financing needed to buy Russia’s commodity exports, raising expectations that energy-hungry China will …
Oil drops as China lockdowns overshadow Russian output risk
Oil fell as lockdowns across China countered looming European Union measures to limit … For now, the most extreme pocket of tightness in the oil market is in diesel. Record fuel exports from the U.S…
DiDI Global probed by SEC over U.S. IPO
China ride-sharing giant DiDi Global Inc. (NYSE:DIDI) disclosed that the U.S. Securities and Exchange Commission is investigating its IPO last summer. DIDI shares fell 2.5% in after hours trading.
China is Accepting a Digital Currency to Pay Taxes. What Does This Mean for Crypto?
Will e-CNY spark a worldwide crypto shake-up, or will this experiment fizzle out? China’s new digital currency could be the first of many government-backed cryptocurrencies. As Chinese citizens begin …
Biden Officials Divided Over Easing China Tariffs to Slow Inflation
WASHINGTON—The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed …
Estée Lauder cuts forecast amid China supply chain and sales disruptions
APAC revenues fell 4 per cent. China’s Covid-19 surge has been a concern for major brands and investors since parts of the country, including Shanghai, went into lockdown in March. “There is no doubt …
China’s Messaging On The Ukraine War Is Evolving, But In Which Way?
In recent years, it has become impossible to tell the biggest stories shaping Eurasia without considering China’s resurgent influence in local business, politics, security, and culture. Subscribe to …
New Lockdowns In China Are Hindering Global Steel Supply
That was before the war in Ukraine, China’s ongoing lockdowns … Russia is #5 in global steel production, and its metal and coal exports were one of the first things on the chopping block …
Mooners and Shakers: Crypto market sweats, RBA hikes, Fed meets and Algorand scores
“can have a significant impact on the price of Bitcoin and other crypto – with consequences felt by Australian investors”. And this, said Bowler, is because the US is now the “market epicentre for …
Estée Lauder cuts sales forecast due to China lockdowns
LVMH, which owns brands such as Louis Vuitton and Tiffany & Co, said last month that the situation in China would affect its business, adding that store traffic had declined even in locations that …
CEO of Berkshire’s Dairy Queen eyes China and India for growth, upgrades menu
China is Dairy Queen’s third-largest market by sales and second … “Once we know that travel is going to be safe, and understanding the consumer and business models in India when they’re returning to …
Tesla leveraged local authorities to reopen Shanghai factory, eyes expansion in China – Reuters
The letter is alleged to tout the planned plant as “the world’s largest vehicle export hub.” Read more on how BYD Company (OTCPK:BYDDY) defied the broader trend for Chinese EV deliveries.
