The European Union has agreed to slap high tariffs on imports of Chinese electric bicycles after results of an investigation pointing to dumping from Chinese producers. The investigation, carried out by the EU’s legislative branch, the European Commission, recommended tariffs from 21.8% to as high as 83.6% for some offenders, though all Chinese e-bikes should […]
Category: Consumer
A new survey by a Financial Times research unit has shown that the majority of Chinese consumers are willing to boycott the purchase of US goods should an all-out trade war emerge between Beijing and Washington. The survey, which involved 2,000 respondents from 300 cities, found that 54% of people would “probably” or “definitely” stop buying […]
Chinese group-buying platform Pinduoduo is hoping to raise $1.63 billion by issuing over 85 million US depositary shares on the Nasdaq, reports Caixin. Upper estimates expect the company to raise $1.87 billion in the IPO. Shares will be priced between $16 and $19, according to the company. Pinduoduo is China’s third largest e-commerce brand by […]
TOURISM TROUBLES
The top news this week is the ongoing US-China Trade War, and the status is as clear as mud. ZTE has been pulled back from the grave with a change in leadership – a wonderful sleight of hand. Trump’s administration is moving ahead with tariffs on another $200 billion of Chinese imports, and Beijing has […]