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
ASEAN becomes China’s No.2 trading partner
Beijing — The U.S. is losing importance as a trading partner of China as their tariff war drags on, dropping a notch to third place in the first half of 2019 to trail the European Union and Southeast Asia. Sino-American … Continue reading ASEAN becomes China’s No.2 trading partner
China’s rising tech scene threatens U.S. brain drain
Shenzhen – Between baskets filled with hard drives, memory sticks, LED lights and countless other bits of technology hardware, Jason Gui found what he was looking for: a handful of tiny batteries. His business partner, Tiantian Zhang, whipped out her … Continue reading China’s rising tech scene threatens U.S. brain drain