BEIJING (Reuters) – Casual wear giant Uniqlo is facing calls for a consumer boycott in China after the CEO of the clothing company’s owner said it does not source cotton from China’s Xinjiang, which has faced allegations of forced labour in recent years. Fast Retailing CEO Tadashi Yanai made the comment during an interview in…
The top bosses from Goldman Sachs Group Inc. and Morgan Stanley called for greater transparency from China and for eased movement of capital to restore the appetite of global investors. While acknowledging there were some “green shoots” now being seen in the Chinese economy, Morgan Stanley Chief Executive Officer Ted Pick said there was still…
China’s economy showed encouraging signs as retail sales grew at the strongest pace in eight months, indicating Beijing’s latest round of stimulus has boosted some key sectors. Retail sales increased 4.8% in October from a year earlier, the National Bureau of Statistics said Friday, up from September’s gain of 3.2%. The reading exceeded the most…
By Samuel Shen and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed on Friday. China’s top legislative body, the standing committee of the National People’s Congress (NPC), did as was expected, approving bills to allow local governments to allocate…
Hong Kong banks’ unexpected prime rate cut on Friday will lower funding costs and bring more buyers into the market, with analysts expecting home prices in the city to bottom out “in the short term”. The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, lowered its base interest rate for the second…
Apple’s sales in Greater China fell by less than 1 per cent in last quarter, a mark of continuing decline for the US tech giant in one of its most important markets, as it tries to woo mainland officials while warding off growing competition. The iPhone maker’s sales in the market – which includes mainland…