With the chances of Donald Trump’s return to the White House growing by the day, China is making ready for the rough trading climate that would likely follow his victory.
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HSBC to deepen China ties with appointment of first Mandarin-speaking boss
HSBC has named its first Mandarin-speaking chief executive amid investor pressure to shift its headquarters to China …
Stock market news today: Nasdaq futures tumble as China curb risk rattles techs
US stocks were poised for a steep retreat from record highs on Wednesday, as techs came under dual pressure from worries about US export curbs on China and Donald Trump’s stance on Taiwan. Futures on…
ASML’s Surging China Sales Underscore US Threat of Tighter Curbs
ASML’s surging sales to China in the second quarter accounted for nearly half of the Dutch company’s revenue, revealing the limited impact of US export restrictions so far as the Biden administration considers even tougher…
China manufacturing outpaces economy for third straight quarter
CHINA’S manufacturing sector grew faster than the overall economy for a third quarter in a row, underscoring how industry and exports are driving growth in the world’s second-largest economy. Read more at The Business Times.
It looks like the party’s over for luxury goods in China
Luxury retailers say they’ve been hit by slumping sales in China, while tourism spending in Japan booms.
It looks like the party’s over for luxury goods in China
Luxury retailers say they’ve been hit by slumping sales in China, while tourism spending in Japan booms.
Luxury brands feel the sting as Chinese growth slows
The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent …
China Duty Free Group among top 500 China brands, leads travel sector again
The World Brand Summit and China’s 500 Most Valuable Brands news release event in Beijing, June 19, 2024. [Photo courtesy of organizers] China Duty Free Group (CDFG), a subsidiary of China Tourism …
‘Garbage time’: China’s slump spins out new meme of economic despair
China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage time of history.”
Fewer than 20 Chinese EV brands will be profitable by 2030 but Beijing set to dominate global auto market
The rapid expansion of China’s electric vehicle industry is facing a major correction by the end of the decade, with nearly nine in 10 existing brands on the chopping block.
China’s Communist Party charts technology- and security-focused development for reviving the economy
China’s people are keeping a tight rein on spending … Since taking power in 2012, Xi has sought to strengthen the party’s controls over business and society, launching crackdowns on corruption, the …
Analysis-Luxury brands feel the sting as Chinese growth slows
A big portion of that – about 85 billion euros – was from LVMH, which was overtaken by ASML in June as Europe’s second most valuable listed company.Analysts at JPMorgan said signs of improving …
