Luxury brands face uncertainty in China as the threat of higher tariffs and rising nationalist sentiments challenge revival strategies for big players.
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VIEW China raises local government debt ceilings to revive economy
China top legislative body approved a bill on Friday to allow local governments to issue 6 trillion yuan ($838.8 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, as policymakers…
Make New Friends and Boost Hiring: How China’s Chip Industry Plans to Deal With Trump
BEIJING/SINGAPORE (Reuters) – China’s semiconductor industry is readying itself for four more combative years under Donald Trump as U.S. president by ramping up purchases of foreign chipmaking equipment and looking out for opportunities to hire…
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.
China unveils steps to tackle ‘hidden’ debt of local governments
China will let local governments issue an additional 6 trillion yuan ($837.7 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, an official said on Friday, in a crucial step…
China unveils steps to tackle ‘hidden’ debt of local goverments
China will allow local governments to issue 6 trillion yuan ($838.77 billion) in bonds to swap for off-balance sheet or “hidden” debt over three years, an official said on Friday.
China’s stimulus plans are choking the profitability of its megabanks, analysts say
The country’s banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing credit demand.
China’s Gray-Zone Offensive Against Taiwan Is Backfiring
Over the past two years, major Chinese military exercises around Taiwan have gone from comparatively rare to almost routine. Beijing launched major drills after former U.S. Speaker of the House Nancy Pelosi visited the island…
No winners in trade, industrial wars, China’s ambassador to US says
There are no winners in tariff or trade wars, nor in wars over science and technology or industry, China’s ambassador to the United States said after Donald Trump won the U.S. presidential election.
Luxury shoemaker Manolo Blahnik enters China market after 22-year legal tussle
Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit “Sex and the City”, has opened its first store in mainland China after a 22-year battle over the…
China is trying to fix its economy. Trump could derail those plans
Trump won the election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi Jinping’s plans to transform the country…
China’s Shenzhen named ‘Smart City of 2024’ at Barcelona expo
Shenzhen, a booming city and leading technology hub in southern China, has been awarded “Smart City of 2024” at a three-day international exposition that concluded in Barcelona on Thursday.
New Chinese stealth fighter to take centre stage at China’s biggest air show
China’s new J-35A stealth fighter jet will be displayed for the first time next week at the country’s biggest civil and military air show, a biennial event where Beijing showcases its expanding aerospace industry.
