Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …
Wealthy Chinese keep spending while others cut spending, survey finds Read More »
The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. December 5 update: One of the …
The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. The DOC found that the four …
Formula 1 has removed the Chinese Grand Prix from its racing calendar for a fourth consecutive year as the country faces unprecedented civil protests over its draconian Covid laws. In a brief statement, F1 said: “Formula 1 can confirm, after dialogue with the promoter and the relevant authorities, that the 2023 Chinese Grand Prix will …
F1 AXES 2023 Chinese Grand Prix as country plagued by draconian Covid lockdowns Read More »
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Chinese factory activity at lowest since April; Asian markets are largely on the rise Read More »
Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …
Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest Read More »
Shares of Chinese property companies rose sharply on Monday as a 16-point plan to support the debt-ridden sector was seen as a crucial pivot by Beijing that could trigger a recovery. The Hang Seng Mainland Properties Index was up 16.3% in Monday morning session. Hong Kong-listed Country Garden, one of China’s biggest developers, gained more …
Chinese real estate stocks soar on hopes of a turning point for the sector Read More »
Singles’ Day has drawn a lukewarm response from Chinese shoppers this year, the latest indication that consumers and retailers in the world’s biggest market remain spooked by Xi Jinping’s zero-Covid policy and crackdown on excess. Jack Ma’s Alibaba Group has spent years making November 11 the biggest retail event on the planet, enlisting the services …
Cupid’s Singles Day arrow is way off target for weary Chinese shoppers Read More »
