Category: Chinese business

BuckyDrop – The Best Alternative Chinese Sourcing Solution to Oberlo to Help Overseas Sellers Go from Dropshippers to Brand Owners

Shenzhen, China–(BUSINESS WIRE)–June, the golden month for e-commerce business in China, with more than 9 years of experience in one-stop Chinese sourcing solution for global e-commerce, BuckyDrop team has been very busy since May, helping sellers find, buy, package and ship products around the world. In May alone, BuckyDrop helped sellers ship 220% more packages […]

Live updates: Democrats outraged as Republicans applaud Supreme Court decision

Prime Minister Boris Johnson’s authority is “running out”, a former Tory MP has said, following the ruling party’s loss of two by-elections. “[Johnson’s] authority is very significantly reduced,” Gavin Barwell told Sky News on Friday. “The Conservative Party looked to Boris Johnson, because they saw him as an election winner, there is not…a deep love […]

EXCLUSIVE Chinese companies in advanced talks with Qatar for stakes in gas fields and LNG offtakes – sources

A model LNG carrier is seen in front of the flag of Qatar in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Register SINGAPORE, June 17 (Reuters) – China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion […]

Northern California solar industry cautious about letting in more Chinese panels in tariff break

A decision by President Biden to suspend tariffs on imported solar panels made in China for two years, even as the Commerce Department investigates the Asian powerhouse for possible trade deal violations, doesn’t sit well with several company executives solar panels and the State of California. They said the removal of protective tariffs comes now […]

China’s military activity around Taiwan threatens the region (US Defense Secy)

U.S. Defense Secretary Lloyd Austin underscored U.S. support for Taiwan on Saturday, suggesting at the inaugural Asian Defense Forum that recent Chinese military activity around the self-governing island threatens to change the status quo. Speaking at the Shangri-La Dialogue in Singapore, Austin noted a steady increase in provocative and destabilizing military […]

ROSEN, A LEADING LAW FIRM, Encourages Investors in First High-School Education Group Co., Ltd. who suffered losses in finding a lawyer before an important deadline in a securities class action

NEW YORK, June 8, 2022 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of First High-School Education Group Co., Ltd. securities. (NYSE: FHS) in accordance with and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the March 2021 initial public offering (“IPO” […]

Global stocks rise on improving Chinese services data | Economic news

By JOE McDONALD, AP Business Writer BEIJING (AP) — Global stock markets and Wall Street futures rose Monday after the slowdown in China’s service industries eased and reports indicated the Biden administration could lift U.S. tariffs. on certain Chinese imports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong are progressing. Oil prices rose […]

Starbucks reopens in Shanghai

Shanghai lifted its two-month lockdown on Wednesday. So far, the coffee chain has reopened about 600 of its 940 stores in the city, according to Starbucks spokesman Jaime Riley. Employees “look forward to serving customers, reconnecting with their local communities and helping to gradually return the city to normalcy,” Riley said, adding that “we are […]

The Chinese company that accused the NSA of hacking has global ambitions

Placeholder while loading article actions For years, the US government and US cybersecurity firms have alleged that China was behind brazen hacks that stole treasure troves of sensitive documents. Chinese government officials have denied the claims and repeatedly accused the United States of its own cyber espionage, without providing evidence. That changed in February, when […]

China Channels Overseas Financial Aid to Political Leaders’ Home Provinces | Belt and Road Initiative

China’s funding of overseas projects has disproportionately benefited key political supporters of sitting presidents or prime ministers of countries receiving the funds, according to a new book. In the 20th century, China was best known as a recipient of international development funding. Its overseas development program was modest – roughly comparable to that of Denmark. […]

From Davos, India attracts the attention of global investors

Leaving aside the bloviating at the World Economic Forum in Davos, the event often reflects at least what is happening in the world of politics and markets. This year’s edition was particularly interesting given Russia’s invasion of Ukraine, rising interest rates and, of course, the ongoing COVID-19 pandemic. This year’s buzzword seemed to be “de-globalization”, […]

Taiwan, US could start talks on closer economic ties ‘within weeks’

The new talks “will explore concrete ways to deepen the U.S.-Taiwan trade and investment relationship,” the officials said, emphasizing the institutionalization of cooperation in chain resilience. procurement, labor, environment and sustainable development. An official announcement will come after “coordination and consultations”, according to a senior official. The White House declined to comment. A senior official […]

China cuts shipments to Russia of smartphones, laptops and other tech

Placeholder while loading article actions Chinese tech exports to Russia fell in March after U.S. sanctions took effect, U.S. Commerce Secretary Gina Raimondo said on Tuesday, calling it a sign of Beijing’s distrust of the violation. trade bans. Chinese laptop shipments to Russia fell 40% in March from February, while smartphone exports fell by two-thirds, […]

The ‘gigantic’ impact of China’s lockdowns on the auto industry worldwide: Automobility’s Bill Russo

Tesla CEO Elon Musk gestures during the delivery ceremony for Tesla’s China-made Model 3 in 2020, … [+] highlighting the country’s importance to the US automaker. (Photo by STR/AFP)/China OUT (Photo by STR/AFP via Getty Images) AFP via Getty Images China this week reported a 47% plunge in auto sales in April from a year […]

KKR and BlackRock get permission to invest Chinese funds overseas

A man stands on an overpass with an electronic board displaying Shanghai and Shenzhen stock indices, at Lujiazui financial district in Shanghai, China January 6, 2021. REUTERS/Aly Song Join now for FREE unlimited access to Register HONG KONG, May 10 (Reuters) – KKR (KKR.N) and BlackRock (BLK.N) have received Chinese regulatory approvals allowing their […]

Higher Inflation Factors in Chinese Product Tariff Review – White House

By Andrea Shalal WASHINGTON (Reuters) – The Biden administration is carefully considering the inflationary impact of tariffs imposed on China by former President Donald Trump’s administration in light of soaring consumer prices, the press secretary said on Monday. of the White House, Jen Psaki. PSAki said she has no news on tariff cuts since U.S. […]

Former China Merchants Bank CEO under investigation

China’s anti-corruption watchdog has reportedly placed Tian Huiyu, the former president of China Merchants Bank, under investigation, the Wall Street Journal (WSJ) wrote. It comes after he was abruptly removed from the head of the state-backed lender. Huiyu was “suspected of seriously violating discipline and laws”, according to China’s Central Commission for Discipline Inspection. Tian […]

Yikouchi at the Chancer’s Café: “A total joy” – restaurant review | Chinese food and drink

Yikouchi at Chancer’s Cafe, 1418 Pershore Road, Stirchley, Birmingham B30 2PH. No reservation. All dishes from £3.50 to £9. Beers and wines from £4 a glass Yikouchi to Birmingham is a love letter. It’s a sweet tale of a young English couple’s interesting journey through life so far, served one raucous dish at a time. […]

Stocks falter as lockdowns in China weigh; the yen wallows

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying the Russian Trading System (RTS) Index, Japan’s Nikkei Index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Register SINGAPORE/HONG KONG, […]

LG Energy signs $9 billion electric vehicle supply chain deal in Indonesia

A South Korean consortium will invest $9 billion in Indonesia to build an electric vehicle supply chain from mining to manufacturing, as battery makers seek to reduce their dependence on Chinese suppliers and mitigate rising commodity prices after Russia invaded Ukraine. The group led by LG Energy Solution, the world’s second largest manufacturer of batteries […]

Live Covid-19 updates: news on cases, vaccines and tests

JetBlue Airways passengers check in for their flights at a kiosk in the domestic terminal at Hartsfield-Jackson Atlanta International Airport in January.Credit…Alyssa Pointer for The New York Times Despite strong pressure from airlines, the hospitality industry and Republican lawmakers to lift the rule requiring masks on planes and trains, at airports and on some buses, […]

Chinese investors have promised PNG a “magnificent and sparkling” skyscraper. Now it’s “dangerous” and vacant

One building rises above the others on the Port Moresby skyline. But the Noble Center, built by a Chinese state-owned company to be the country’s tallest building, stands empty. The 23-story tower has been deemed uninhabitable after more than 70 flaws were discovered, which regulators say threaten the building and life safety. The documents obtained […]

Millionaire Chinese property developer quietly expelled for ‘security breach’

Two Australians, news broadcaster Cheng Lei and writer Yang Hengjun, are currently being held in China on charges of breaching national security laws. Their indictment and detention drew repeated rebukes from Beijing from Foreign Secretary Marise Payne. The most high-profile deportation of residents from the federal government is that of Huang Xiangmo, a Chinese billionaire […]

Oil drops $2 on positive signals from Russian-Ukrainian peace talks

Storage tanks are seen at Marathon Petroleum’s Los Angeles refinery, which processes domestic and imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel and other petroleum products, in Carson, California, USA , March 11, 2022. Photo taken with a drone. REUTERS/Bing Guan Join now for FREE unlimited access to Register Ukraine […]

Trade probe jeopardizes solar industry, lawyers say | Economic news

By MATTHEW DALY, Associated Press WASHINGTON (AP) — In a move that could significantly undermine President Joe Biden’s ambitious climate goals, the Commerce Department said Monday it is investigating whether imports of solar panels from Southeast Asia – Is circumventing anti-dumping rules that limit imports from China. Clean energy leaders said the investigation – which […]

Live Covid-19 updates: news on global cases and the mask mandate

On Wednesday, delivery people smuggled food over a barrier at the edge of a lockdown in Shanghai.Credit…Aly Song/Reuters The spike in Covid cases across China, driven by the highly transmissible variant of Omicron, is straining hospitals and locking down neighborhoods in Shanghai, which until recently was considered a crown jewel in the world. the government’s […]

Last war in Ukraine: US says Russian forces pushed back in some areas around Kyiv

Hedge fund manager Pierre Andurand believes Russian oil supplies in Europe will disappear in light of Vladimir Putin’s warmongering, as many traders expect crude prices to hit $250 a barrel this year. The French oil trader said that after listening to local media reports, he was convinced Moscow’s aggression would last a long time, leading […]

Kaisa becomes latest Chinese developer to delay earnings results; share the slide

A sign of the Kaisa Plaza, a real estate property developed by Kaisa Group Holdings, is seen in Beijing, China December 1, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Register HONG KONG, March 23 (Reuters) – Cash-strapped Kaisa Group Holdings Ltd (1638.HK) has joined a growing list of Chinese property developers […]

Last war in Ukraine: Japan condemns Russia’s decision to break off talks on disputed islands

Ukraine has demanded that Western oil majors including BP and Shell stop selling Russian oil in the latest campaign to pressure energy companies to cut off a key source of Kremlin funding. Oleg Ustenko, chief economic adviser to Ukrainian President Volodymyr Zelensky, has written letters to the largest Western energy companies asking them to end […]

China seeks to calm markets with promise of economic support | Economic news

JOE McDONALD, AP Business Writer BEIJING (AP) — China’s government on Wednesday tried to reassure jittery investors by pledging support for its struggling real estate sector, internet companies and entrepreneurs after regulatory clampdowns sent stock prices plummeting. Regulators should issue market-friendly policies to ‘reinvigorate the economy’, officials told a Cabinet meeting chaired by Vice Premier […]

Brent crude drops below $100 on Ukraine talks and Chinese demand fears – Business Live | Business

Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. The UK’s cost-of-living squeeze has tightened, with base pay falling below inflation at the fastest rate in more than seven years. The latest employment figures, which have just been released, show that the regular real wage (adjusted for inflation) […]

Russia threatens to pay its foreign debt in rubles; Ukraine’s GDP ‘could shrink by a third’ – Business Live | Business

Russian Finance Minister Anton Siluanov (center) during a meeting in the Kremlin last month. Photograph: Alexei Nikolsky/TASS Hello and welcome to our ongoing coverage of the global economy, financial markets, eurozone and business. Russia is moving to pay international bondholders in rubles rather than dollars just days before paying key interest on its foreign debt, […]

US and China aides will meet as tensions rise over Russia

WASHINGTON (AP) — The United States and China are sending top aides to Rome on Monday as tensions between the two countries mount over the Russia-Ukraine war and concerns grow that the conflict will will take even darker turns. Ahead of the talks, White House national security adviser Jake Sullivan bluntly warned China to avoid […]

Didi shares drop 44% leaves SoftBank and Uber with weak returns

Cheng Wei, chairman and CEO of Beijing Xiaoju Keji Didi Dache Co., stops at the annual conference of Boao Forum for Asia in Boao, China, Wednesday March 23, 2016. The annual event sees business leaders and political leaders come together March 22-25. Qilai Shen | Bloomberg | Getty Images Shares of Didi fell 44% on […]

Last war in Ukraine: EU agrees to host all war refugees

Chinese media coverage of the war in Ukraine has focused on claims presented by Russia without evidence that the United States was using Ukraine to research biological weapons, while concerns about China’s position on the conflict persist. Coverage of the situation in Ukraine on the front pages of People’s Daily, the Communist Party’s official newspaper, […]

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