The sparkle of South Korean cosmetics firms remained strong on Monday after Seoul and Beijing extended a currency swap, a move seen as a yardstick for relations between the two countries, the Financial Times reports. Shares in Amorepacific, South Korea’s largest cosmetics company which has been hit by the ongoing spat between Beijing and Seoul, […]
Category: Consumer
China’s household borrowing and shadow banking activities surged last month despite Beijing’s repeated pledges to rein in overall debt. The latest central bank numbers show there is little sign that the world’s second-biggest economy has quenched its thirst for fresh credit, the South China Morning Post reports. Aggregate social financing, a broad measure of credit, […]
US short-term rental service Airbnb has removed listings in Beijing as the capital prepares to host a five-yearly Party Congress later this month, the most important event on China’s political calendar during which security is at its highest. A Reuters search on Wednesday of Airbnb listings in the city’s center yielded “zero” results for all […]
GUEST COLUMN
The US Department of Commerce has delayed its preliminary decision on an anti-dumping investigation of aluminum foil from China to provide more time to determine the market status of its economy. The department said in a statement that the deferral of the decision, previously slated for October 5, “will allow the Commerce Department to fully […]