American and Hawaiian Airlines have both announced plans to cut international flight connections to China, Reuters reports. American, which announced it will close its Chicago-Shanghai connection, blamed the decision on rising fuel costs and increased competition, which has made the service unsustainable. The airline also ended a route connecting Chicago and Beijing in May. Hawaiian […]
Category: Consumer
Police in the eastern Chinese city of Shaoxing have uncovered a huge data theft incident in which a group of companies stole millions of pieces of user data from 96 technology companies, Caixin reports. The hackers conducted the theft through a company called Ruizhi Huasheng Technology—ostensibly an online advertising company that was listed on the […]
US President Donald Trump does not “anticipate much” to come from the latest round of discussions with China on trade scheduled for this week, he told Reuters in an interview Monday. Trump said that he had “no time frame” for finishing the trade war with China, and accused the Chinese of deliberately devaluing the yuan […]
Beijing tenants have seen their monthly rent rise by around a quarter in 2018, the Financial Times reports. According to a new report by property search website Zhuge, rental costs in the capital are up 25.6% year-on-year on average as of the end of July, and some areas have seen rises of up to 40%. […]
Global fashion companies are accelerating plans to diversify their manufacturing operations away from China to Southeast Asian countries including Vietnam and Cambodia due to the threat of US tariffs on Chinese imports, Bloomberg reports. Nearly 70% of fashion industry executives say they plan to reduce the percentage of their products sourced from China over the […]