China has sharply reduced tariffs on European Union pork imports worth over $2 billion, reports Reuters. This is the final ruling of an anti-dumping investigation regarded to be a response to the bloc’s duties on Chinese electric vehicles. China will impose tariffs of between 4.9% and 19.8% on pork imports from the EU for a five-year […]
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Mannings, one of Hong Kong’s largest health and beauty chains, will cease all retail operations in mainland China, both online and offline, reports the South China Morning Post. This is part of the company’s strategy to adjust in the highly competitive market. In a letter to its members, Mannings China said its physical stores on the […]
2025 has seen the biggest drop in construction of new housing since at least the year 2000, reports Caixin, which called it a “decisive end” to the country’s long expansion-driven property boom. This is based on data taken from the first 11 months of the year. While it may be a milestone it does not […]
Preowned home prices in China’s top-tier cities fell for the seventh consecutive month in November, reports Caixin. The pace of decline is the fastest in more than a year amid a surge in listings that continues to flood the market. According to data released Monday by the National Bureau of Statistics, prices in the country’s four […]
China’s factory output growth slowed to a 15-month low, while retail sales recorded their worst performance since the country abruptly ended its zero-COVID policy, reports Reuters. Industrial output rose 4.8% year-on-year, National Bureau of Statistics (NBS) data showed on Monday, the weakest pace since August 2024, slowing from 4.9% in October. Retail sales, a gauge of […]