China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
Tagged By business
Luxury Brands’ New Snag? Handbag Arbitrage
It is much cheaper to buy designer goods in Europe than in China, and professional resellers are profiting from the gap. Posh labels are finding it hard to crack down.
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled…
Biden is taking on cheap products from China. It could mean higher prices
The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein.
Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
Under a new White House rule proposal, Chinese exports subject to U.S. tariffs would no longer be eligible for the de minimis shipping loophole.
China’s carrot-and-stick with EU trading partners start to pay off
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals…
U.S. Locks in Steep China Tariffs, Many to Start Sept. 27
A 100 percent tariff on EVs leads a host of import duties on solar panels, steel, aluminum, EV batteries, and key minerals.
Biden finalizes increases to some of Trump’s China tariffs
The majority of shipments using this exemption, known as “de minimis,” are coming from China, the White House said. The administration’s change to the trade regulation will make some imports …
China’s IPO and M&A Bankers Start to Regain Their Swagger
Hi it’s Ben Scent in London and Manuel Baigorri in Hong Kong, looking at the signs of deals revival in China. Also today, DSV is finally confirmed as the winner for Deutsche Bahn’s logistics unit…
Opinion: China is weaponizing its minerals monopoly
China’s grip on the world’s mineral supply chains is growing tighter, and America’s reliance on Chinese minerals is growing deeper.
China’s Midea to Raise $4 Billion in Hong Kong’s Biggest Listing This Year
Chinese appliance maker Midea has priced its initial public offering at the top end of the guided range in what could be Hong Kong’s biggest listing this year.
China’s August new lending rises less than expected, more policy steps expected
New bank lending in China jumped less than expected in August after hitting a 15-year low in July, as the central bank keeps policy accommodative and pledges to roll out more supportive measures to bolster…
China’s seaborne dry bulk imports shrug off economic wobbles
Filipe Gouveia, a shipping analyst at Bimco, said: “Between January and August 2024, Chinese seaborne dry bulk imports rose 6% year over year, defying concerns over China’s domestic demand, its real …
