Luxury fashion brands Versace and Coach have apologised for making perceived affronts to China’s national sovereignty on T-shirts, mistakes that cost them their high-profile Chinese brand ambassadors. … ( read original story …)
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One-China T-shirt row engulfs Coach and Disney, a day after Versace apology
American luxury brand Coach has issued a statement saying it “respects and supports China’s sovereignty and territorial integrity” after it faced a backlash for a T-shirt design that lists Hong Kong, … ( read original…
Coach and Versace attacked in China for Hong Kong reference
Coach and Versace have become the latest foreign brands to face a backlash from internet users in China, drawing fierce criticism across social media for referring to Hong Kong and Taiwan as countries … (…
China July NEV sales down 4.7% year-on-year: industry association
Overall auto sales in the world’s biggest vehicle market fell 4.3% in July, down for a 13th consecutive month, the China Association of Automobile Manufacturers (CAAM) said on Monday. … ( read original story …)
Versace the latest brand to express “deepest apologies” to China
This innocent-looking t-shirt has become so controversial in China that Versace, the company that made it, has apologized for it publicly, stopped selling the shirt, and destroyed all of the ones it … ( read…
Decline in demand spurs manufacturers to put focus on vehicle quality
Audi ranks No 1 in terms of new vehicle quality among premium brands in this year’s JD power survey. [Photo by Li Fusheng/China Daily] If there’s any silver lining in China’s lackluster car market, ……
Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment
Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital … the U.S. Treasury Department said it would take the rare step of labeling China a ……
China’s PBOC Says Its Own Cryptocurrency Is ‘Close’ to Release
The People’s Bank of China is “close” to issuing its own cryptocurrency, according to a senior official. The bank’s researchers have been working intensively since last year to develop systems, and … ( read original…
Versace in trouble for tops implying Hong Kong is not part of China, brand ambassador Yang Mi ‘outraged’
Italian fashion brand Versace apologised to its Chinese customers on Sunday for producing a range of tops that suggested Hong Kong and Macau were separate countries. In a Chinese-language statement … ( read original story…
Lack of G7, IMF support seen dimming impact of U.S. move on China’s yuan
WASHINGTON (Reuters) – China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support … ( read original story…
Personalised skincare: Chinese tech firms muscle in on L’Oreal, Neutrogena and other beauty brands
Western skincare brands have introduced a new generation of tech-enabled devices that allow a hyper-personal approach to beauty and skin health. Now China’s leading photo editing company and … ( read original story …)
China’s SDIC says receives government approval for London IPO
SHANGHAI (Reuters) – China’s state-backed energy firm SDIC Power Holdings (600886.SS) has received government approval to issue 10% of its share capital as Global Depositary Receipts (GDRs) on the … ( read original story …)
Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official
YICHUN, China/ SHANGHAI (Reuters … caution retaliation could widen in scope and severity, weighing further on business confidence and global economic growth. The yuan CNY=CFXS lost 1.6% … ( read original story …)
