(Bloomberg) — China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Most Read from Bloomberg Other conditions include a more…
Hong Kong’s Democratic Party, once a powerful opposition force in the city’s political landscape, is a step closer to disbanding after nearly all of the members attending an extraordinary meeting authorised the leadership to go ahead with the plan. Chairman Lo Kin-hei said on Sunday that more than 110 people attended the 1½-hour meeting, with…
Hong Kong’s Democratic Party, once a powerful opposition force in the city’s political landscape, is a step closer to disbanding after nearly all of the members attending an extraordinary meeting authorised the leadership to go ahead with the plan. Chairman Lo Kin-hei said on Sunday that more than 110 people attended the 1½-hour meeting, with…
(Bloomberg) — Chinese shares plunged and sovereign yields neared an all-time low as investors braced themselves for the fall-out of a spiraling trade conflict between the world’s two largest economies. Most Read from Bloomberg A closely-watched gauge of Chinese shares listed in Hong Kong tumbled 13.8%, putting it into a bear market. Hong Kong’s Hang…
Walmart (WMT) was summoned by Chinese officials for attempting to pass U.S. tariff costs onto suppliers, but it’s hardly alone in its approach. McDonald’s is splitting its teams to conquer beef, chicken, and beverages. Starbucks (SBUX) is encouraging customers to sip their coffee in comfy seats and charge their phones – as long as they…
(Bloomberg) — China said it has forcefully cracked down on the fentanyl trade and condemned President Donald Trump’s tariffs, as the world’s two largest economies remain at odds over the conditions for any talks to cool tensions. Most Read from Bloomberg Officials from China’s Foreign Ministry and the Ministry of Public Security said in a…
SHANGHAI (Reuters) – Chinese officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to slash prices to offset U.S. tariffs on goods from China, according to CCTV-affiliated social media posts. The posts, published on Wednesday on the Weibo account of Yuyuantantian, which is affiliated with state-run…
By Casey Hall, Liam Mo and Che Pan SHANGHAI/BEIJING (Reuters) -Spurring reluctant Chinese consumers to spend has been elevated to the top of Beijing’s to-do list for 2025, leap-frogging technology and industrial production, as lawmakers look to rectify imbalances in the world’s second-largest economy. Chinese Premier Li Qiang’s report on Wednesday to the annual meeting…
Former Hong Kong media boss Jimmy Lai Chee-ying has denied testing the limits of the national security law by allowing the publication of “dangerous” commentaries in the now-defunct Apple Daily newspaper, adding he will not take responsibility for every perceived mistake his tabloid’s contributors make. Prosecutors on Tuesday argued the 77-year-old tabloid founder knowingly endorsed…
NEW YORK (AP) — A former aide to two New York governors and her husband are facing additional charges in a case accusing her of acting as an agent of the Chinese government. Linda Sun and Chris Hu pleaded not guilty to the charges at a hearing Tuesday in Brooklyn federal court, according to prosecutors….