Bitcoin, the world’s biggest and best known cryptocurrency, hit a high of $106,533 and last traded up 2.6% at $103,917 at 1215 GMT. Smaller crypto ether was up 0.4% at $3,918.
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Here’s Why US Manufacturers Can’t Quit China
US manufacturers face increasing pressure to divest from China due to threats of mounting tariffs and geopolitical instability, but the reality is, most can’t decouple. Trade wars notwithstanding, the …
China retail sales slow as consumers hold back, while home prices fall
Chinese retail sales slowed in November and housing prices fell, with demand still lackluster despite a flurry of stimulus measures over the past few months …
China’s unexpected retail slowdown shows urgency to boost demand
BEIJING – China’s retail sales growth unexpectedly weakened in November despite signs of improvement in the housing market, highlighting the urgency for Beijing to further encou …
Chinese listings in U.S. hint at recovery despite geopolitical headwinds
Chinese companies raised $1.32 billion worth of capital this year, as of Friday, less than half the amount in 2019 and well below the record of $12.6 billion in 2021, data from research firm Dealogic…
China Rejects Spy Allegations in UK as ‘Baseless Narratives’
The Chinese Foreign Ministry said the country’s actions have all been “above board” after a Chinese businessman with close links to British royal Prince Andrew was barred from the UK over security …
China Consumer Slowdown Shows Urgent Need to Encourage Spending
China’s retail sales growth unexpectedly weakened in November despite signs of improvement in the housing market, highlighting the urgency for Beijing to further encourage residents to spend.
Starbucks hires its first-ever China chief growth officer as it battles fierce local competition
Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold from local chains like Luckin Coffee.
China’s crude oil imports rebounded in November, but so did storage flows
China’s crude oil imports in November hit a 14-month high, but much of the additional volume is likely to have ended up in storage as refinery processing remained subdued.
China’s biggest shopping festival couldn’t convince consumers to spend more money
China retail sales came in well below forecast in November, when the country’s biggest shopping festival of the year took place.
Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs
Shares have retreated in Asia after China reported lackluster economic indicators for November, while bitcoin surged to fresh highs, topping $106,000 …
China’s Instagram-like Xiaohongshu making inroads with e-commerce sales
Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more …
Chinese Toy Maker Bloks Plans Hong Kong IPO
Shanghai-based Bloks started as a maker of brick-based toys and entered the assembly character toy market in 2022. It is China’s largest player in the assembly character toy segment, according to a …
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