Strong performance in mainland China drove the French beauty brand’s strongest sales growth in a decade last year, further easing concerns that a slowdown will impact the luxury market. “The market accelerated and could stay strong in 2019. We have many reasons for this strong growth like Asia, eCommerce, travel retail, skin care, and all […]
Author: Timothy Ang
China’s health authorities have opened an emergency investigation into reports that a batch of human blood plasma products sold contained traces of HIV, Caixin reports. The National Health Commission said that the report claimed state-backed Shanghai Xinxing Medicine Co. had produced and sold intravenous immunoglobulin which tested positive for HIV antibodies, indicating presence of the […]
China’s state-owned procurer Cofco Corp. bought another 1 million metric tons of the grain last week, just days after placing its previous orders, Bloomberg reports. Last Saturday it announced that it had bought 2 million tons from US suppliers following the last set of trade talks in Washington. Since the two countries agreed to a […]
US President Donald Trump said that he will meet with his Chinese counterpart Xi Jinping soon to seal what he described as potentially “the biggest deal ever made”, following two days of trade negotiations in Washington, the Wall Street Journal reports. “I think when President Xi and I meet, everything will be agreed to,” Trump […]
Another 440 mainland-listed firms reported weaker-than-expected 2018 financial results on Wednesday, adding to the tally of Chinese companies troubled by a weaker business environment. With Wednesday’s disclosures, more than 370 of the 2,400 Chinese firms that have given preliminary numbers have warned of a loss for last year, according to Bloomberg’s analysis of the data. […]