E-Commerce: Chinese to spend a record US$1 trillion
Beijing – The Chinese tech titan’s shoppers are on course to spend a record US$1 trillion this year, according to a new study from Emarketer, and they’re expected to spend even more in the next couple of years. But as … Continue reading E-Commerce: Chinese to spend a record US$1 trillion
Trump compares Fed chief with ‘enemy’ China
Washington – President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run the U.S. central bank was … Continue reading Trump compares Fed chief with ‘enemy’ China
U.S. grants Huawei another 90 days to buy American
Washington – The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from U.S. companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of … Continue reading U.S. grants Huawei another 90 days to buy American
China’s Luckin Coffee looks to break even
Beijing – Luckin Coffee (LK.O) turned in a bigger-than-expected loss as costs ballooned on store openings and heavy discounts aimed at competing with Starbucks (SBUX.O), driving the Chinese firm’s U.S.-listed stock down sharply on Wednesday. The startup, which opened its … Continue reading China’s Luckin Coffee looks to break even
Holinier: The future of Chinese food retailers
Ludovic Holinier, executive chairman of Auchan Retail China, reflects on his two-year stint as CEO of China’s largest hypermarket chain and shares his views on what lies ahead for food retailers. Since joining the French retail group Auchan in 1991, Ludovic … Continue reading Holinier: The future of Chinese food retailers
China, U.S. court ASEAN to strengthen Indo-Pacific ties
Bangkok – China and the United States are on a mission to strengthen ties with allies and expand their influence in Southeast Asia this week as their trade war enters a second year. US Secretary of State Mike Pompeo arrived … Continue reading China, U.S. court ASEAN to strengthen Indo-Pacific ties
U.S., China trade talks show no progress
Shanghai/Washington – U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world’s two largest economies for at … Continue reading U.S., China trade talks show no progress
Fashion in China: A passion for personalization
Beijing – The customization trend of the 2000s is having a global comeback, and fashionistas have embraced it, proving to naysayers that the days of conspicuous consumption in China are ending. Goyard, Louis Vuitton, Gucci, Burberry, Longchamp, Loewe, and now even Dior (with the Dior Oblique … Continue reading Fashion in China: A passion for personalization
Swine Fever: China’s duck farmers cash in
Jiaxiang – On a 30-hectare (74-acre) plot of land in China’s Shandong province poultry hub, more than half a million white-feathered ducks are busy eating, chattering and laying eggs to produce cheap meat for thousands of factory canteens. With birds … Continue reading Swine Fever: China’s duck farmers cash in
China exports gasoline to Mexico, Nigeria
Singapore – China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel amid a wave of new production and slowing domestic demand. … Continue reading China exports gasoline to Mexico, Nigeria