Europe and the U.S. have kicked into high EV gear but a “Chinese cloud” is looming over the EV sector. Last Saturday, Renault (OTC: RNLSY) Chairman Jean-Dominique Senard expressed his concerns to …
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China drives sales jump at Burberry
STORY: Sales are on the up at Burberry. And it’s largely got China to thank. The British luxury brand said Friday (July 14) that sales rose 18% in the first quarter. In China, its biggest…
‘It’s Time … to Take Off the Golden Blindfolds,’ GOP Rep Tells US Corporate Leaders Doing Business in China
During a Thursday hearing, a Republican congressman warned about the dangers of foreign companies doing business in China.
China’s Shein hit with lawsuit citing RICO violations, a law originally used against organized crime
The report is part of an ongoing Congressional investigation into products offered to American consumers that could be made with forced labor in China. As part of the probe, the committee sent letters …
China’s homegrown passenger vehicles secure over half of domestic market in June
BEIJING — China saw about 2.24 million passenger vehicles sold in June, of which 1.2 million were domestic brands, accounting for 53.7 percent of the domestic market.
Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China
Multichain said it has been forced to take the action “due to lack of alternative sources of information and corresponding operational funds.” …
Mazda CEO Says Business to Struggle in China Amid Tough EV Race
Mazda Motor Corp. Chief Executive Officer Masahiro Moro said the automaker’s business is likely to suffer in China due to stiff competition in the world’s biggest electric-vehicle market.
Mitsubishi Motors Suspends China Business After Sluggish Sales
Mitsubishi Motors Corp. has suspended its China business indefinitely and will lay off staff after years of poor sales in a market rapidly turning to electric vehicles.
Burberry Sales Rise 18% as China Rebounds for Luxury Brand
Burberry Group Plc sales rose at the fastest rate in two years after the trench-coat maker benefited from a rebound of demand in China.
China’s chip imports slump in first half as US sanctions and ongoing tech war take toll on trade
China’s imports of integrated circuits (ICs) slumped 18.5 percent in the first six months of 2023 from a year earlier by volume, according to newly released customs data, at a time when the U.S. and…
Signs ‘crypto winter’ ending as regulatory fog begins to lift
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) -Cryptocurrencies were testing year highs on Friday as a run of favourable regulatory and investment moves have started to shift momentum in markets …
China’s hottest summer trend? How Xiaohongshu made ‘jorts’ a thing
With over 80 official accounts, Xiaohongshu is dedicated to supporting creators and creating communities around the latest trends.
Industrial Hub Facing Power Crunch That May Ripple Across China
Extreme heat and rising energy demand risk overwhelming China’s attempts to prevent a repeat of last year’s curbs on power supply in the major industrial province of Sichuan. Most Read from BloombergH …