TECH GIANTS
Category: Consumer
Profits for Chinese industrial firms rose 21.9% y/y to RMB 576 billion ($90.14 billion) – a six-month high – on the back of higher prices and strong demand. The data released by China’s National Bureau of Statistics suggest that the country’s industrial sector is showing resilience in the face of persistent trade threats from the […]
Behind the puzzling state of the US-China trade dispute, with endless mixed messages emanating from Washington, we sense a growing consensus on how to address the way China interfaces with the Western economies. Plenty of evidence to back that up this week, including a decision by Canada to block a Chinese buyout of a Canadian […]
China intends to cut tariffs on a long list of consumer goods as early as July 1st, sources told Bloomberg, building on this week’s decision to lower car import duties. The some 200 products included in the shortlist so far range from food and agricultural to cosmetics goods, the sources said, though the final list […]
A handful of US and Australian airlines have been reprimanded by China’s aviation regulator for failing to comply with a demand issued last month to list Taiwan as part of China on company websites. According to the Financial Times, 26 global airlines were given 30 days from April 25th to address the issue, with the […]