LVMH’s top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of Chinese demand following the easing of COVID-19 lockdowns…
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As sanctions bite, Iran’s Raisi talks business in China
The trip came at a moment of increasing international isolation, which has left Iran with fewer options than ever before in selling its lifeline oil.
Livestream shopping took China by storm. Now Amazon, TikTok and YouTube are betting the QVC-style pitches will take off in the U.S.
Despite huge success in China, livestream shopping has caught on slowly in the U.S., but Amazon, TikTok and YouTube are making big bets that’s about to change.
What to watch from Senate Banking today as crypto reels
who share common cause in wanting to derail the unfettered growth of crypto.” CHINA — Our Gavin Bade: “The uproar over a suspected Chinese spy balloon — and three other unidentified flying objects — …
Economic war with China would be MAD
It has imposed export controls to stop China getting access to high-end semiconductors. It is subsidising its own high-technology and green industries. Finally, it is pushing “friendshoring” to build …
Crypto scam aimed at online acquaintances costs victims billions
Despite the fraud’s growth, federal law enforcement and major crypto exchanges appear to be behind in cracking down.
Breaking Up (With China) Is Hard to Do
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.
China Tries to Depict Furor Over Spy Balloon as Sign of U.S. Decline
In a speech last week at the U.S.-China Business Council, Xu Xueyuan, chargé d’affaires of the Chinese Embassy in the United States, said she hoped the balloon incident will not discourage American …
Is China-Decoupling A Myth?
More than 70% of American manufacturers said they had no plans of moving their production out of China. All this, while the Biden administration was mobilizing “China-free” supply chain initiatives …
China’s Hebei sees foreign trade rise 3.9% in 2022
[Photo provided to chinadaily.com.cn] SHIJIAZHUANG — North China’s Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to …
Ivory artifacts intercepted by customs officials in central China
CHANGSHA, Feb. 14 (Xinhua) — Customs officials have seized three ivory items weighing about 1 kg in total from an imported package in Changsha, the capital of central China’s Hunan Province. Changsha …
Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO
China’s lidar maker Hesai raised an upsized IPO in the U.S. at a time the industry is reeling from layoffs, bankruptcy, and consolidation. The Shanghai- and California- based company, which makes the …
China Must Fix Business Confidence Post-Covid Zero: EU Chamber
European businesses in Shanghai are calling on the Chinese government to restore foreign business confidence and take steps toward repairing fraught international ties now that Covid Zero is over.
