A bipartisan group of legislators urges the country’s two neighbors to use U.S. law as a model to keep out imports that can be traced to China’s Xinjiang region.
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Bye bye Burberry: Why China is giving up luxury for dupes
China was once the haven for luxury brands such as Burberry, Prada and the like. Now, it’s becoming the home to ‘pingti’ brands — the Chinese term for dupes. These replicas are fast finding favour…
China to investigate fashion firm PVH for suspected boycott of Xinjiang products
China’s Commerce Ministry says it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules …
Rich and Hungry Mideast Buyers Target China M&A
Hi, it’s Manuel Baigorri, Julia Fioretti, Pei Li and Dong Cao in Hong Kong, looking at the record-breaking investment pace from Middle East firms in China. Also today, India’s first AI unicorn mulls …
US consumer confidence drops; UK interest rates to fall ‘gradually’; stocks hit record high after China’s stimulus blitz – business live
Rolling coverage of the latest economic and financial news. Closing post 16:15 Time to wrap up…. US consumer confidence has taken a drop this month, as Americans worry about the health of their jobs market.
China’s EV exporters, dealers squeezed at home and abroad as price war rages
Rounds of price cuts by China’s car dealers are being mirrored overseas, as manufacturers take losses to gain a foothold in global markets.
Beijing Threatens to Block Calvin Klein Owner’s Access to China
Beijing said it is investigating PVH, the owner of Calvin Klein and Tommy Hilfiger, for alleged discrimination against products from the Xinjiang region—setting up a potential block on the American apparel firm’s sales in China…
China to Investigate U.S. Retailer, Sending a Message Over Xinjiang
PVH, which owns Calvin Klein and Tommy Hilfiger, is targeted for allegedly avoiding purchases from the region where the Chinese government has cracked down on Muslim minorities.
China’s August 2024 Economy: Record Export Growth Amid Domestic Challenges
China’s economy in August 2024 saw an uptick in export trade, while industrial output slowed except in high-tech and equipment manufacturing.
Forget The Fed—China Could Be About To Quietly Blow Up The Bitcoin Price And Crypto Market
China has unleashed a flood of stimulus measures designed to prop up its stalling economy, hot on the heels of the U.S. Federal Reserve cutting interest …
China Regains Bitcoin Mining Hub Status — Hashrate Dominance Shifts to US
Chinese Bitcoin miners contribute 55% of the BTC hashrate despite a mining ban in 2021. China’s mining ban brought the country’s mining industry to a …
China launches stimulus blitz to lift growth; pound hits two-year high – business live
The pound has hit its highest level in over two years this morning, as investors bet that the Bank of England will cut interest rates slower than the US Federal Reserve. Sterling has extended its…
Bitcoin Little Changed as China Announces Stimulus; Traders Say Harris’ Win Unlikely to be Bearish
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
