China Economic ReviewChina’s economy has shown signs of a general slowdown, with retail sales and industrial output growing at the most subdued rate this year amid the strains from a trade war with the US and domestic weaknesses, reports the Financial Times. Retail sales rose 3.4% year on year in August, data from the National Bureau of Statistics […]
US and Chinese officials said on Monday they have reached a framework agreement to switch short-video app TikTok to US-controlled ownership that will be confirmed in a Friday call between US President Donald Trump and Chinese leader Xi Jinping, reports Reuters. The potential deal on the popular social media app, which counts 170 million US […]
China’s antitrust regulator said on Monday it found Nvidia in violation of the country’s anti-monopoly law and would proceed with further investigation, which could lead to punitive actions against the American chipmaker amid escalating technology rivalry with the US, reports the South China Morning Post. The State Administration for Market Regulation (SAMR) said in a […]
Chinese electric-vehicle maker XPeng Motors has begun localized production in Europe through a partnership with automotive manufacturer Magna Steyr, a strategic pivot as Chinese carmakers navigate mounting trade barriers in the region, reports Caixin. XPeng announced Monday that production of its G6 and G9 sport-utility models began in the third quarter at Magna’s facility in […]
Anta Sports Products Ltd. plans to open 1,000 stores in Southeast Asia over the next three years, as the Chinese sportswear giant looks to become a global brand, reports Caixin. Anta’s retail sales in the region nearly doubled year-on-year in the first half of this year, Anta Group Vice President Will Wang told the Asia […]