Business
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a…
Tag
China
Business
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US…
Business
Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and…
Business
Tesla China shipments slip 5% in october after bumper quarter
TESLA’s Shanghai factory deliveries slipped in October, the unexpected softness coming after a record quarter for China shipments at Elon…
News
China and neighbor clash over vessels seized in disputed waters
China has responded to Vietnam's demand it release Vietnamese fishing boats and crew members detained in a the South China Sea. "China…
Business
AstraZeneca says its China operations president under investigation
It was not immediately clear whether the executive Leon Wang was in the custody of the Chinese government AstraZeneca’s China president is…
Unsorted
China's threat to US after "gravely wrong" weapons move
A Chinese official has issued a strong warning to the United States, condemning its new $2 billion arms package for Taiwan, and telling…
Business
Luckin Coffee, Haidilao and other China chains may be suffering indigestion from regional expansion
WITH competition at home squeezing profits, a growing number of Chinese restaurateurs are looking overseas for fresh opportunities. But…
Business
Hong Kong family office partners with top China fund to target the rich
ONE of Hong Kong’s biggest property agencies is ramping up its family office business by partnering with China’s No 2 mutual fund to push…
Business
CapitaLand China Trust’s 9M net property income down 5.1% to 930.2 million yuan
CAPITALAND China Trust (CLCT) posted a net property income of 930.2 million yuan (S$172.6 million) for the nine months ended Sep 30, down…
Business
Adidas reports strongest China sales since early 2022
ADIDAS saw strong underlying growth in Greater China in the third quarter, while sales in North America excluding the Yeezy collection…
Fashion
Forget China, Chanel exec warns of luxury fatigue risk
A SLOWDOWN in the key Chinese market is currently lashing the financial performance of luxury houses but a Chanel executive warned on…
Business
Philips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s…
Business
PetroChina set to shut top north China refinery in 2025: sources
PETROCHINA is set to shut its largest refinery in north China’s Dalian around mid-2025, marking the first major closure at a state-run oil…
Business
$1.80 dinners and budget clothes? The spread of frugality is hurting China's economy
TAIPEI, Taiwan — China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. Now one of the hottest…
Business
Apple CEO Cook says company will increase investment in China: Xinhua
APPLE CEO Tim Cook said at a meeting with the Chinese government in Beijing that the US company will increase investment in China and…
Business
Ascott China forms JV with Jin Jiang Hotels to grow apartment hotel brands in China
THE China business segment of Ascott has entered into a joint venture (JV) with Jin Jiang Hotels to expand their respective apartment…
News
China holds live-fire drills opposite Taiwan 'as a punishment'
China has been conducting live-fire military drills off the coast of its southern Fujian province, specifically near the Pingtan Islands,…
Business
ASML chief sees US pressure building for more China restrictions
ASML Holding chief executive officer Christophe Fouquet expects pressure will grow from the US to further restrict sales of semiconductor…
Business
Weak China demand puts brakes on Holiday Inn owner IHG in third quarter
HOLIDAY Inn owner InterContinental Hotels Group (IHG) reported a sharp slowdown in room revenue growth in the third quarter as weak demand…
Business
Citic to sell stake in McDonald’s China, HK operations for US$430.3 million
CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China…
Business
IEA says oil demand growth weakness to continue on China and EVs
GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to…
News
China responds as US and Canada sail warships to flashpoint
China claimed its military "tracked and monitored" two warships sent by the United States and Canada as they passed through the contested…
Business
China Investigating why citizens "fear" having children
China has launched a national survey to better understand its citizens' reluctance or "fear" of having children, as the country grapples…