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BUSINESSJul 18Fierce competition and shifting tastes squeeze China’s yoga apparel marketChina’s yoga apparel market is grappling with fierce competition and slowing growth amid sluggish domestic consumption, as middle-class shoppers diversify their activities, according to analysts. Lululemon, the Canadian athletic apparel brand popular among China’s middle class, continues to face sales pressure in the world’s second-largest consumer market. Lululemon’s same-store sales growth at sampled Chinese shopping malls dropped 4 per cent year on year in May, compared with a 3 per cent...South China Morning Post
BUSINESSJul 18China’s tech giants fuel the rise of AI tokens as a new corporate currencyEvery month, a Beijing-based ByteDance employee says he burns through close to a billion units of a new corporate currency – one that cannot buy a coffee or pay rent. Yet, as he noted, that staggering volume “doesn’t even put me near the top of the consumption rankings in my department”. That currency is not yuan, but artificial intelligence tokens. “Using AI has become part of almost every task now,” said the employee, who requested anonymity as he was not authorised by the company to speak to...South China Morning Post
BUSINESSJul 18China’s Xpeng plants a flag in Germany’s auto heartland with Mona L03 launchChinese electric vehicle maker Xpeng made its European ambitions clear on Thursday, as the firm unveiled its Mona L03 compact SUV at an event in the heart of Germany’s car industry, Munich. The launch, arguably the largest ever staged in Europe by a Chinese carmaker, was not just about introducing a new model, but also about convincing Europe that Xpeng is here to stay. “We are here not only to bring our products to Europe, but also to build them for Europe,” said He Xiaopeng, Xpeng’s chairman...South China Morning Post
BUSINESSJul 17‘Made in EU’: How Europe plans to use China’s tech to pull level with its EV rival by 2028European policymakers have watched Chinese carmakers roll in like a slow but unstoppable tide over the past few years: affordable, polished and threatening one of the continent’s proudest industrial legacies. Many have warned about the dismantling of their automotive prides following the new China shock. A crown jewel of Europe’s industrial output, the automotive sector represents directly and indirectly a total of more than 13 million jobs in the EU. It was no accident that electric vehicles...South China Morning Post
BUSINESSJul 17China signals possible return of U.S. trade privileges for Hong KongThe decision comes two months after President Donald Trump met with Xi Jinping, potentially warming ties ahead of Xi's expected U.S. visit.NPR News
BUSINESSJul 17China Weak Consumer Spending Persists Despite Beijing New PlanWeak consumer spending in China continues despite new plans from Beijing. This indicates persistent economic challenges within the country.theepochtimes.com · United States
BUSINESSJul 17Xi hails 'new level' in ties as China and Kazakhstan sign €11.4bn in dealsXi Jinping and Kassym-Jomart Tokayev signed more than 70 commercial agreements on the sidelines of the World AI Conference in Shanghai, including Central Asia's first battery plant with CATL and a new Caspian port terminal.EuroNews [en]
BUSINESSJul 17Import prices post surprise gain as costs of goods from China hit highest since 2008Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.CNBC
BUSINESSJul 17MoonFox Alternative Data Expands Offline Foot Traffic Coverage to Leading China and Global StocksMoonFox Alternative Data is expanding its coverage of offline foot traffic data to include leading stocks in China and globally. This development offers enhanced tools for financial analysis and market insights.manilatimes.net · Philippines
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina has expressed strong dissatisfaction following a decision to nationalize British Steel. This indicates potential international business and political ramifications.bridgwatermercury.co.uk · United Kingdom
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina expressed strong dissatisfaction over the decision to nationalize British Steel, indicating potential international economic and diplomatic friction.eveningnews24.co.uk · United Kingdom
BUSINESSJul 17Chips , tokens , kilowatts -- Decoding China economic vitality , resilience in H1An analysis aims to decode China's economic vitality and resilience during the first half of the year, focusing on key indicators.floridastatesman.com · United States
BUSINESSJul 17Chips , tokens , kilowatts -- Decoding China economic vitality , resilience in H1This article aims to decode China's economic vitality and resilience in the first half of the year, using terms like "chips," "tokens," and "kilowatts" as indicators. It provides an analysis of the country's economic performance.haitisun.com · United States
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina has expressed strong dissatisfaction following a decision to nationalize British Steel. This indicates potential international business and political ramifications.clydebankpost.co.uk · United Kingdom
BUSINESSJul 17Chips , tokens , kilowatts -- Decoding China economic vitality , resilience in H1This article decodes China's economic vitality and resilience during the first half of the year, using terms like "chips," "tokens," and "kilowatts." It offers insights into the country's economic performance.newzealandstar.com · New Zealand
BUSINESSJul 17Geely EX2 arrives in Britain ... but China best - selling car costs three times as much hereThe Geely EX2, a best-selling Chinese car, has arrived in Britain but is reported to cost three times its original price. This highlights differences in international automotive market pricing and import costs.dailymail.com · United States
BUSINESSJul 17Chips , tokens , kilowatts -- Decoding China economic vitality , resilience in H1The article aims to decipher China's economic vitality and resilience during the first half of the year, focusing on key indicators like chips, tokens, and kilowatts. It offers insights into the country's economic health.orlandoecho.com · United States
BUSINESSJul 17Chips , tokens , kilowatts -- Decoding China economic vitality , resilience in H1This article analyzes China's economic vitality and resilience during the first half of the year, using various indicators. It offers insights into the performance of a major global economy.heraldglobe.com · United States
BUSINESSJul 17China and UAE cross-border QR payment link to boost the global yuanIn the latest move to bypass Western-dominated financial systems and step up the internationalisation of the yuan, China is linking its retail payment networks with the United Arab Emirates. Users will soon be able to use domestic mobile apps to scan QR codes and make payments in either country, under a recent agreement between state-owned Bank of China (BOC), UnionPay International, and the UAE central bank’s subsidiary Al Etihad Payments. “The partnership would help expand the scope of...South China Morning Post
BUSINESSJul 17Burberry's growth in US and China markets cushions Europe's slowdownBurberry's growth in the US and China markets has helped mitigate a slowdown in its European performance. This indicates regional variations in the company's financial results.Seeking Alpha Tech
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina has expressed strong dissatisfaction with the decision to nationalise British Steel. This indicates a significant point of contention in international economic relations.dudleynews.co.uk · United Kingdom
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina expressed strong dissatisfaction following a decision to nationalize British Steel. This development indicates a diplomatic and economic disagreement between the two nations.andoveradvertiser.co.uk · United Kingdom
BUSINESSJul 17China strongly dissatisfied following decision to nationalise British SteelChina has expressed strong dissatisfaction following the decision to nationalize British Steel. This indicates a potential point of contention in international business and political relations.maldonandburnhamstandard.co.uk · United Kingdom
BUSINESSJul 17China ‘firmly opposes’ UK nationalisation of British SteelThe UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China’s Jingye Group, to protect the country’s steelmaking capacity after Jingye moved to shut the company’s blast furnaces.EuroNews [en]
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