The announcement at the Lujiazui Forum comes as China accelerates efforts to expand the global use of its currency amid growing US tensions.
Tagged By business
Japan manufacturers’ confidence dips in June on tariffs, China woes: Reuters poll
By Makiko Yamazaki TOKYO (Reuters) -Japanese manufacturers grew less confident about business conditions in June and expressed caution about the outlook for the next three months, citing U.S. tariff …
Trade war looms over voices of global business in China
Once at the vanguard of globalisation, international business chambers in the country now face a trickier challenge in seeking change …
World Brand Lab Releases China’s 500 Most Valuable Brands 2025
State Grid, PetroChina and Haier ranked the top three, with 135 Chinese brands valued at more than 100 billion RMB NEW YORK CITY, NY / ACCESS Newswire / June 17, 2025 / The 22nd World…
Coinbase seeking US SEC approval to offer blockchain-based stocks
Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer “tokenized equities” to its customers, the crypto exchange’s chief legal officer said in an interview with …
Unitree Robotics boosts capital base, paving the way for new fundraising round
Hangzhou-based Unitree Robotics, a rising star in China’s booming robotics industry, has increased its registered capital from 2.6 million yuan to 2.9 million yuan (US$400,000), a move that could …
Starbucks and Others Rethink Recipe for Success in China
Hi, it’s Dong Cao and Manuel Baigorri in Hong Kong, looking at how some big-name international brands are reassessing their approach to business in China. Also today, Eli Lilly’s latest move to build …
Infini Pulls the Plug on Crypto Cards as Compliance Costs Mount in China
Crypto card provider Infini is shutting down all card services globally. Mainland Chinese users accessed Infini using VPNs despite the country’s crypto ban. Infini cited …
China has a lock on rare metals. Does this startup have a crowbar?
During trade negotiations last week, China said it will loosen its stranglehold on some of the world’s most critical metals. But a Woburn company says it’s on the way to breaking China’s grip …
Häagen-Dazs, Starbucks Mull Overhauls in China to Fend Off Powerful Local Rivals
The consumer landscape in China was very different in the 1990s, when Häagen-Dazs and Starbucks ventured in with premium products that were alien to most people. They made huge inroads nonetheless, …
China Eases Battery, Steel Scrap Import Rules to Aid Green Push
China is relaxing import regulations on scrap, a move that will support recycling of battery metals and help speed the green transition in the steel market.
Chinese brands extend global reach
Chinese brands are reshaping the global marketplace and extending their influence among international consumers — even as US tariffs cast uncertainty over the year ahead.
China Hits 12 Million Car Sales in 5 Months — And Nearly Half Are EVs
According to the China Association of Automobile Manufacturers (CAAM) on Friday, new vehicle sales reached 2.135 million units in May, marking a 10.3% year-on-year increase. Exports also rose by 14.5% …
