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
WeChat enables in-flight mobile payment
Shenzhen – China’s popular social media platform WeChat has introduced “WeChat Pay”, an in-flight mobile payment service for passengers taking two flights carried by Spring Airlines. WeChat Pay users with a credit score above 550 can apply for the service, … Continue reading WeChat enables in-flight mobile payment
China’s Rising Duty-Free Market
Beijing – Global luxury brands wishing to firm up their retail presence in China should look no further than the country’s booming travel retail sector. Investment bank Morgan Stanley notes that China’s duty-free market, in particular, the downtown duty-free segment, which is currently expanding … Continue reading China’s Rising Duty-Free Market
USA: Huawei’s research arm cuts jobs
Santa Clara/Hong Kong – China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and … Continue reading USA: Huawei’s research arm cuts jobs
China’s debt tops 300% of GDP
Washington/Beijing – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total … Continue reading China’s debt tops 300% of GDP
Trump sees slowing Chinese growth
Washington – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. … Continue reading Trump sees slowing Chinese growth