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Category: Consumer
China’s State Council agreed on a list of measures that will boost the country’s imports in areas of manufacturing and consumer goods, state media reports, though details and schedules were not provided. An executive meeting of the cabinet chaired by Premier Li Keqiang resulted in pledges to import more daily consumer goods, medicine and nursing […]
BATTLE OF THE BIKES
Chinese tech giant Meituan Dianping is looking to file for a Hong Kong IPO to raise $6 billion as early as this month, sources told Bloomberg. The company will sell 10% of its stock in seeking a valuation of $60 billion. The debut would likely be set for October, the sources said. Meituan’s most recent […]
China will slap duties as high as 38.4% on imports of broiler-chicken products from Brazil, China’s Ministry of Commerce has announced, following the conclusion of an investigation which accuses Brazilian suppliers of dumping in China’s domestic market. The tariffs come at a time when China is looking to increase its intake of US agricultural products, […]