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
China Unicom: Cheapest 5G data package in the world
Beijing – China Unicom has introduced its first 5G data package. It will cost a minimum of 190 yuan ($ 28.3). Wang Xiaochu, chairman of China Unicom, revealed this low cost 5G package to the public. Although China Mobile and … Continue reading China Unicom: Cheapest 5G data package in the world
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