China’s largest gold mining company Zijin Mining is acquiring Canadian miner Allied Gold in an all-cash deal valued at about C$5.5 billion (US$4 billion), reports the South China Morning Post. This is the first major cross-border transaction after Beijing and Ottawa recently reset ties after years of diplomatic strain. Zijin Gold International, a Hong Kong-listed subsidiary of […]
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At least 70% of European companies operating in China were reviewing their supply chain strategies, reports the South China Morning Post, citing a survey from the European Chamber of Commerce. This comes in response to geopolitical tensions and Beijing’s opaque policymaking, which appears to set back the country’s globalization efforts, according to the survey. 324 corporate […]
China is reviving a lottery-style tax receipt program across 50 cities in an effort to revive weak consumer spending and tighten tax enforcement, reports Caixin. The six-month trial lets consumers enter prize drawings by requesting an official tax invoice—known as a fapiao — for purchases over RMB 100 ($14). The initiative, outlined in documents from the […]
Porsche AG’s sales in China slumped for the fourth straight year in 2025, dropping to 42,000 units—less than half the 96,000 vehicles the German luxury carmaker delivered at its 2022 peak, reports Caixin. The carmaker is struggling with what its China chief called a “perfect storm” of economic strain and intensified domestic competition. Alexander Pollich, president […]
LVMH, the owner of Louis Vuitton and Tiffany, beat fourth-quarter sales forecasts on Tuesday, reports Reuters, boosting hopes of a luxury sector rebound. The French group reported signs of a return to growth in Asia, with domestic Chinese sales rising in the quarter, confirming a recovery it has flagged for several months. Chinese shoppers—including those abroad—account […]