China’s high-end consumers have had a tighter grip on their wallets this year, with study from Bain & Company showing less luxury spending.
Tagged By business
China May Reconsider Crypto Ban Amid Trump’s Pro-Crypto Policies
The possible change in China’s stance coincides with notable global interest in crypto following the electoral triumph of Trump. Trump’s comeback to power and the acceptance of blockchain and crypto …
China borrows almost as cheaply as US in return to dollar bond market
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for…
Trump set to deepen tech Cold War with China
The containment policy set in the first Trump administration and continued under President Biden will get a harder edge, former officials say.
Trump’s Pro-Crypto Stance Might Prompt China To Reconsider Crypto Market Revival, HashKey CEO
Trump’s pro-crypto stance may spur crypto policy shifts in China. HashKey CEO Xiao Feng suggests China could reconsider its crypto ban if Trump popularizes crypto use. China has maintained a …
Iconic Chinese car brand Hongqi delves deeper into new energy sector
CHANGCHUN — Hongqi, a car brand under China’s leading automaker China FAW Group Co Ltd is accelerating its expansion in the new energy sector, with its new platforms ready to launch three electric …
China, Europe, Mexico: the biggest losers from Trumponomics
Bigwigs in government and business all over are scrambling to analyse the consequences … five times the current average level. Analysts reckon China’s exports to America could more than halve as a …
Will China Lift Its Crypto Ban Amid Donald Trump’s Policy Shift?
HashKey CEO and Chairman sparked speculations over a potential lift of China crypto ban, as global interest soared towards digital assets after Donald Trump’s US election win.
Exclusive: China’s Zeekr to take control of sister brand Lynk, sources say
Chinese premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the matter said.
China’s president will unveil a megaport in Peru, but locals say they’re being left out
China’s President Xi Jinping inaugurates the port Thursday during the Asia-Pacific Economic Cooperation forum in Peru. The development — expected to encompass 15 quays and a large industrial park …
Here Is One Telling Sign Of White-Hot Cava IPO’s Momentum
Mediterranean chain Cava raised full-year outlook as well. Q3 sales jumped 39%, accelerating from Q2’s pace. Groupon (GRPN) delivered earnings and revenue surprises of 232% and 3.82%, respectively, …
The US-China tech race is moving from chips to the raw materials they’re made of
The US is considering expanding its export limits on AI chips to China and its allies. Experts say the race for AI dominance is like a new Cold War.
China export ‘rush’ expected ahead of Trump’s trade war 2.0, Beijing to show restraint
In the long term, analysts said the direct damage to China’s economy caused by any potential tariff increases would be modest, although cumulative tariffs could hit exports, and may require a higher …
