Prospects mixed as people cut spending and prefer home-grown brands Nike Inc forecast first-quarter revenue below estimates as it expects to discount more and wrestles with pandemic-related …
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Voicemail indicates Joe Biden knew of Hunter deals with ‘spy chief of China’
Joe Biden called his son Hunter in late 2018 to discuss a New York Times article detailing the younger Biden’s dealings with a Chinese oil tycoon accused of economic crimes – telling him “I think…
Exports to Russia from China plummet, study shows
A new study suggests that sanctions have hurt Russia’s international trade, even with countries not directly affected by them. But Russia’s economy still seems to be functioning.
China’s Population Is About to Shrink for the First Time in 60 Years
China accounts for more than one-sixth of the world’s population, but its birthrate is falling for the first time in 60 years.
The housing market slowdown is showing up in shipping data from China
As the housing market slows amid higher mortgage rates, orders of home building construction materials such as lumber are down. Shippers also say shipments of appliances are declining, and there is a …
How China’s fashion brands are taking on Web3
In China, local brands have been slower to embrace the new technology, but that’s beginning to change. Brands such as Li-Ning and Ellassay, plus tech platforms such as Alibaba, are sketching out what …
U.S.-China Business Ties Are “Better Than The Headlines”
Covid lockdowns have led to a stream of criticism of China “zero-Covid” policies by American and other business groups in the country. And yet two-way U.S.-China trade is more than $650 billion a year …
Biden unveils plan to counter China despite paving way for more Chinese solar imports
President Joe Biden announced the U.S. would join an effort alongside allies to counter China’s growing global economic influence after taking action to roll back solar tariffs.
Tesla employees reportedly say crowding and slow WiFi is roiling Elon Musk’s return-to-office mandate
Tesla’s workforce has more than doubled since the pandemic started, but workers told The Information space at its facility hasn’t kept pace.
Hypocritical for Johnson to do business with China while countering China with values
When leaders of G7 members convened in Germany for the summit, UK Prime Minister Boris Johnson on Sunday told CNN in an interview that a balance between protecting shared values and doing business …
China’s May industrial profits kept tumbling, raising calls for more government support
Central bank governor Yi Gang, in an interview with state media on Monday, reiterated oft-repeated sentiment that China’s economy continues to face … including from a decline in the appetite for …
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
The plan was eventually scrapped due to China’s hostility to crypto. Related: China warns Bitcoin is heading to zero but BoE looks on the bright side The news comes amid the Chinese government …
Hong Kong Exports Post Surprise Fall on China Curbs, Global Woes
Hong Kong’s exports surprisingly declined in May as trade with China continued to face disruptions from Covid and other global headwinds stalled momentum.
