An upcoming small sedan from Chevrolet has just been fully leaked in China, after the vehicle was spotted in the Asian country earlier this year as a future Wuling global hatchback bearing the Chevy …
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China needs COVID strategy rethink to limit economic harm, IMF official says
China needs to rethink its zero-COVID policy to avoid more harm to the economy, as well as come up with a long-term solution to the crisis in the real estate sector, a senior International Monetary…
China’s industrial profits up 1% in H1
Profits of China’s major industrial firms rose 1 percent year on year in the first half of 2022, official data showed on Wednesday. Industrial firms each with annual main business revenue of at least …
The G7 is looking to cap Russian oil prices by December as China and India show interest in minimizing import costs, report says
The G7 is looking to cap prices on Russian oil before December 5, when a new round of EU sanctions will take effect. A senior G7 official told Reuters that China and India are interested…
Gucci’s sales growth eases in Q2 as China lockdowns weigh
Sales at French luxury group Kering’s top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese…
Emerging From Crackdown, Chinese Ed-Tech Firms Make a Return to U.S. Market
Chinese education companies are once again going public, moving past government restrictions that temporarily put a halt on tech firms making that leap.
China in the neighbourhood
Chaudhary’s book The China Factor presents good background reading for anyone interested in assessing China’s relations with some of India’s neighbours …
Greater China Dominates Global Microchip Exports [Infographic]
As fears of a confrontation with China are heightening, negotiations that lasted more than a year are finally coming to fruition for the Chips+ bill that is looking to increase the competitiveness of …
Sales growth at Kering’s Gucci slows in Q2 as China weighs
Sales at French luxury group Kering’s top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese…
Skechers CFO Has ‘Tempered Expectations’ for China Recovery
Despite lagging in China due to Covid lockdowns, Skechers boosted global sales 12.4 percent to $1.87 billion on net income of $90.4 million.
Kering Net Profit Up 34% in H1 Despite China Lockdowns
French luxury group Kering said net profit rose 34 percent in the first half versus the same period last year, as strong sales with local customers in the rest of the world more than offset…
Adidas sees a slowdown in revenues in China as domestic sport brands rise
German sportswear brand Adidas on Tuesday cut its outlook for the financial year 2022 to grow “at a mid-to-high single-digit rate in 2022,” compared with previous growth estimate of 11-13 percent, …
Leaked TikTok memo told employees to ‘downplay the China association’
Leaked internal documents show TikTok is actively instructing employees to “downplay the China association” to deflect growing media scrutiny over the video-sharing app’s Beijing-based owner. The …
