Month: March 2022

After more than a decade of robust expansion, China’s apparel industry is looking to identify new growth opportunities. But how can these companies embrace breakthrough innovation at a speed that mirrors that of China’s high-speed railway? The financial results published recently by some large companies could provide clues. Excess inventory was once the biggest challenge […]

KUALA LUMPUR, Malaysia (AP) — Four Chinese badminton players are on two-year probation for not doing their best to win a doubles match in 2018. The incident happened during the quarter-finals of the Fuzhou Open in China in November 2018. Next, Li Jun Hui and Liu Yu Chen, ranked No. 2 in the world, faced […]

They can be found on almost every street in China. Considered obsolete horrors by some experts, they are nevertheless so ubiquitous – on buses, outside shops, in sports lotteries, at night markets and anywhere there is an LED screen – that even the trained eye can see without thinking twice. Designers call them “matrix typefaces”, […]

The Biden administration will allow certain products imported from China to once again circumvent tariffs imposed by President Donald J. Trump, the office of the U.S. Trade Representative announced Wednesday. The commerce bureau said it would reinstate some tariff exclusions that expired at the end of 2020, allowing some businesses to avoid taxes on Chinese […]

BEIJING: Recently released economic data for the first two months of 2022 shows that the Chinese economy has grown better than expected, with strong rebounds in key areas. Economists say China’s economy has shown good resilience in the face of pressures and challenges, and expect greater potential for it in the future. Since the beginning […]

Interview with Sharad Amalean Sri Lanka’s garment sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides direct employment for 350,000 workers and an additional 700,000 Sri Lankans benefit from livelihood opportunities as part of the wider supply chain. Sharad Amalean, Chairman of the Joint Apparel […]

At the 4th CIIE, Nike is holding an exhibition of products used by athletes cooperating with Nike in each era of its 40 years in the Chinese market. Photo: Xie Jun/GT China’s sportswear market is changing, with the ‘halo’ hanging over international brands like Adidas and Nike rapidly dissipating as Chinese consumers begin to embrace […]

Editor’s Note: Four decades of reform and opening up have not only made China the world’s second largest economy, but have also changed the way of life of its people. A veteran China Daily reporter tries to find out why the split is so deep. rooted in Chinese culture. Sharing has been a virtue in […]

Chinese sportswear maker Xtep has jumped on the non-fungible token (NFT) bandwagon with the release of a series of digital trainers, as mainstream brands inside and outside the countries are rushing to capitalize on the popularity of digital assets. At a Sunday night press conference where Xtep announced a range of new sportswear, the company […]

BEIJING (BLOOMBERG) — China’s top envoy to Russia has urged Chinese businessmen in Moscow to seize economic opportunities created by the crisis, a strategy that could help soften the blow from international sanctions. Ambassador Zhang Hanhui told a dozen business leaders on Sunday (March 20) not to waste time and “fill the gap” in the […]

New York CNN Business — U.S.-listed Russian stocks are plummeting after the invasion of Ukraine, but it’s not the only country whose stocks are being shattered. Stocks of major Chinese companies have seen their ups and downs in 2022. Many factors are weighing on sentiment: concerns about the possibility of large Chinese companies being delisted […]

Athletics is proving a sure thing to play for fashion brands in China. Sports stars, with their wholesome public images, have become the new darlings of the industry even as China cracks down on celebrity excesses. As the Beijing 2022 Winter Olympics come to an end, the partnerships between brands and medalists have become closer […]

“May our country experience prosperity and our people live in peace and harmony!” Xi Jinping said in his 2022 New Year’s Speech. Three months into the year, it has been anything but. . 2022 was supposed to be a perfect year for Xi, as he is set to begin a third term at the end […]

The crushing sanctions imposed on Russia by the United States have shown the power of the dollar – and that could spur efforts to avoid using the greenback. Example : Saudi Arabia is in talks with China to accept Chinese currency in exchange for oil, reports the WSJ. Why is this important: Such a deal […]

A cotton picking machine moves through a cotton field in Dolatbag Town, Bachu County, northwest China’s Xinjiang Uyghur Autonomous Region. File photo: Xinhua A variety of Chinese sportswear brands posted rosy earnings last year, with some posting triple-digit growth, as patriotic Chinese consumers ‘vote with their feet’ in support of Xinjiang cotton amid relentless slander […]

US Olympic figure skater Alysa Liu and her father Arthur Liu – a former political refugee – were among those targeted in a spy operation the Justice Department says was ordered by the Chinese government, the report said. elder Liu. Arthur Liu told The Associated Press he was contacted by the FBI last October and […]

US Customs and Border Protection (CBP) has banned all products made by a major Chinese sports brand, citing its use of North Korean labor, which amounts to a violation of US sanctions. Founded by former Olympic gymnast Li Ning, Li-Ning Sporting Goods is a leading sportswear and sports equipment company in China. After reviewing its […]

BEIJING (AP) — The United States says Russia has asked China to provide military assistance for its war in Ukraine, and that China replied in the affirmative. Moscow and Beijing have denied the allegation, with a Chinese spokesperson calling it “disinformation”. Still, the claims have generated speculation about how far Beijing would be willing to […]

The Hong Kong benchmark Hang Seng Index (HSI) ended up 9.1%, the biggest one-day gain since October 2008. Shanghai composite (SHCOMP) also rose 3.5%, the largest gain for this index since July 2020. The Nasdaq Golden China Dragon Index, a popular index that tracks Chinese companies listed in the United States, plunged 12% on Monday, […]

The United States has suspended the import of goods from Chinese sports brand Li Ning after reports the company used North Korean labor to create its products. U.S. Customs and Border Protection (CBP) announced on Tuesday that it is not allowing any goods produced or manufactured by Li Ning into the country after an investigation […]

When the final whistle sounded at Mỹ Đình National Stadium in Hanoi on February 1, the first day of the Lunar New Year, fans in attendance could hardly believe their eyes: Vietnam 3, China 1. goal, China would have been cleared by a team she had never lost to before. In fact, a pandemonium enveloped […]

By JOE McDONALD BEIJING (AP) — Chinese authorities tightened virus checks at ports on Tuesday, raising the risk of trade disruptions after some auto and electronics factories shut down as the government battles coronavirus outbreaks. Stock prices in China and Hong Kong fell for the second day after the shutdown on Monday of Shenzhen, a […]

By AAMER MADHANI, JOSH BOAK and MATTHEW LEE WASHINGTON (AP) — Face-to-face, President Joe Biden’s national security adviser warned a senior Chinese official on Monday of China’s support for Russia in the Ukrainian invasion, even as the Kremlin denied reports it said. which he allegedly requested Chinese military equipment for use in the war. US […]

File photo shows the morning view of Lujiazui area in Pudong, east China’s Shanghai. (Xinhua/Ren Long) BEIJING, March 12 (Xinhua) — Despite the prolonged pandemic and an increasingly complex global environment, foreign companies are voting confidence in the Chinese economy as they continue to see opportunities amid efforts to opening of the country. According to […]

Astronauts Ye Guangfu, Zhai Zhigang and Wang Yaping wave during a ceremony last year before the launch of the Long March-2F Y13 rocket at the Jiuquan Satellite Launch Center. (Photo: Reuters) Although American-born skier Eileen Gu became the darling of the Chinese public during the Beijing Winter Olympics, China has nurtured many of its sporting […]

BEIJING (BLOOMBERG, REUTERS) – Chinese Premier Li Keqiang said he would step down from his post after his current term expires next March, pointing to an upcoming reshuffle amid questions about President Xi Jinping’s future. Mr. Li made the revelation during his annual press conference on Friday, March 11, in response to a question about […]

Amid the ongoing war between Russia and Ukraine, Chinese Premier Li Keqiang warned on Friday that anti-Russian sanctions would negatively influence the recovery of the global economy from the COVID-19 pandemic and would harm all countries. He further said that the global economy was already suffering from the negative effects of the pandemic and the […]

BEIJING — As Li Xiang strapped himself into a seat mounted on a single ski and raced down the snowy slope, he reveled in the feeling of freedom that had become all too rare after a car accident forced him to use an armchair. rolling in his childhood. Li, a 24-year-old alpine skier representing China […]

Zhang Mingkai gives a lecture on health and fitness for residents with disabilities at a fitness center in Changqiao subdistrict in Shanghai. Photo: Courtesy of Zhang Mingkai With the help of a physical trainer, Shanghai resident Shen Ling (pseudonym) slowly pushes her wheelchair onto exercise equipment. She holds the handrails, moving the wheelchair little by […]

Russian businesses and banks are turning to China’s currency, the yuan (also known as the renminbi), as the doors to the US dollar-based global financial system close due to sanctions. Why is it important: Sanctions against Russia are “gradually contributing to the internationalization of the renminbi,” James Fok, author of the book “Financial Cold War: […]

Your browser does not support HTML5 audio As two top government bodies meet in Beijing this week for a key event on China’s legislative calendar, policymakers are grappling with an increasing array of tests for the global economy, presenting challenges for small and medium-sized businesses ( national SMEs) seeking to grow. their operations abroad. The […]

He Lifeng, head of the National Development and Reform Commission, attends an interview via video link after the opening meeting of the fifth session of the 13th National People’s Congress (NPC) in Beijing, capital of China, on March 5, 2022. (Xinhua/ Li Xin) BEIJING, March 5 (Xinhua) — China’s economy has strong momentum and resilience, […]

Cao never imagined his vacation in Eastern Europe would involve hiding in a bomb shelter as Russian shells pounded outside near the devastated Ukrainian town of Chernihiv. The 25-year-old, one of around 6,000 Chinese nationals who were in Ukraine when the war broke out, described feeling helpless and abandoned after being basically told by the […]

US and NATO officials monitoring the war in Ukraine noticed a pronounced change earlier this week in Russia’s strategy, namely that Russia now appears ready to “bomb cities into submission”, which could inflict significant civilian casualties, a senior Western intelligence official told CNN. “Heavier weapons are not only heavier in terms of weight, they are […]

Towards the end of the Beijing Olympics in 2022, International Olympic Committee (IOC) spokesman Mark Adams was asked about Xinjiang or Taiwan three times during a press conference. He responded with generally bland responses, leaving reporters with little to do. But Yan Jiarong, one of the spokespersons for the Beijing Olympics organizing committee, supplemented Adams’ […]

AMMAN: In the era of Covid, Jordanian mechanical engineer Saliba Taimeh wondered how to deal with an everyday contaminated surface: the handrails of escalators in shopping malls and transport hubs.He invented a device to sterilize them with UV light – and that’s where TechWorks came in.A mine of ideas would not have emerged without TechWorks, […]

A slowdown in housing, a slowing economy and war in Ukraine feature prominently during the annual convocation of China’s legislature this week, with policymakers expected to focus on bolstering faltering growth. The buffer parliament that begins Saturday in Beijing brings together some 3,000 members of the National People’s Congress (NPC) for highly choreographed meetings on […]