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BUSINESSSep 2Walmart’s Sam’s Club accelerates expansion in China as membership passes 10.7 millionUS membership-only retailer Sam’s Club has sped up its expansion in China this year, with the launch of its sixth Beijing location on Monday drawing long queues of eager shoppers. The Walmart-owned warehouse retailer has found a winning formula in China, with its value pricing and exclusive goods attracting middle-class consumers even as some foreign brands shut down stores or pull out of the country. Sam’s Club said last month that it had 10.7 million paid members in China as of June. Its total...South China Morning Post
BUSINESSSep 2German companies under pressure to adapt as China challenges them at their own game – Winnipeg Free PressGerman companies are facing increasing pressure to adapt as China intensifies its competitive presence in global markets. This highlights a significant shift in international trade dynamics affecting European industries.winnipegfreepress.com · Canada
BUSINESSSep 2Bessent says 19 finance ministers agreed cheap export are unsustainable , but China dissentedNineteen finance ministers have agreed that cheap exports are unsustainable, but China reportedly dissented from this view. This highlights a notable international disagreement on global economic policy.santamariatimes.com · United States
BUSINESSSep 2Bessent pushes G20 on China trade , as leaders call for free Hormuz transitBessent urged G20 nations to address China trade practices, while global leaders emphasized the importance of free transit through the Strait of Hormuz. This highlights key international economic and geopolitical concerns.moneycontrol.com · India
BUSINESSSep 2Beyond coal: China’s installed solar power capacity crosses historic thresholdSolar power has overtaken coal as China’s largest source of installed power generation capacity for the first time, marking a landmark shift in the world’s largest energy market, according to government data. By the end of July, China’s installed photovoltaic capacity had reached 1,286 gigawatts, accounting for 31.5 per cent of the total, the National Energy Administration (NEA) reported on Tuesday. The agency called the milestone a “signature achievement” in China’s green and low-carbon energy...South China Morning Post
BUSINESSSep 2Enflame’s US$900m IPO tests appetite for China’s ‘little dragon’ AI chipmakersAs Enflame Technology gears up for a 6.12 billion yuan (US$910.3 million) initial public offering on Shanghai’s Star Market, the Chinese artificial intelligence chipmaker must convince investors that its specialised chip strategy can withstand fierce competition from Huawei Technologies and other domestic rivals, while reducing its heavy revenue dependence on major backer Tencent Holdings. Online and offline subscriptions open on Wednesday, after the Shanghai-based start-up announced on Monday...South China Morning Post
BUSINESSSep 1China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent saysBessent is leading the Trump administration's plan to choke off Iran's economy by threatening its business partners with secondary sanctions.CNBC
BUSINESSSep 1US urges G20 to cut trade imbalances, focus on ChinaUS Treasury Secretary Bessent urges other G20 countries to do more to protect their economies from Chinese imports.Al Jazeera [en]
BUSINESSSep 1GT Voice : Misplaced priority on reducing China reliance will be costly detour for EUA misplaced priority by the EU on reducing its reliance on China is projected to result in a costly detour. This suggests potential economic repercussions for European Union policy decisions.globaltimes.cn · China
BUSINESSSep 1What’s next after China court freezes US$318m in Nexperia assets amid Wingtech battle?A Chinese court’s order to freeze 2.14 billion yuan (US$318 million) in Nexperia-affiliated assets has cemented the operational independence of its Chinese manufacturing engine from its European headquarters, leaving its local facilities increasingly isolated amid a prolonged custody battle. The Dongguan Intermediate People’s Court in the southern province of Guangdong, where Nexperia’s biggest assembly and test plant is located, has frozen the equity interests in four subsidiaries owned by the...South China Morning Post
BUSINESSSep 1China demands rights guarantee as US firm secures 100-year Venezuelan oil dealChina has demanded protection of its interests in Venezuela after a US-backed energy company was granted 100-year concessions covering oilfields previously operated by Chinese and Russian firms. “China-Venezuela cooperation is protected by international law and the laws of both countries. China’s legitimate rights and interests in Venezuela must be guaranteed,” foreign ministry spokesman Guo Jiakun said in Beijing on Tuesday. “Economic and trade cooperation between countries should follow the...South China Morning Post
BUSINESSSep 1If a ‘great rebalancing’ is coming, will China really have to pay for it?Michael Pettis says a great rebalancing is coming and China will pay for it. It’s strange how the man who insists that power decides who pays never tests his claim on Washington. The Beijing-based economist has been warning that a great rebalancing is coming since he published a book called The Great Rebalancing. That was in 2013. His latest Foreign Affairs offering? You guessed it: “A Great Rebalancing Is Coming: Who Will Bear the Costs of a Global Trade Adjustment?” It’s the same plot: Today’s...South China Morning Post
BUSINESSSep 1Switzerland and China Free Trade Agreement ( FTA ) UpgradeSwitzerland and China are upgrading their Free Trade Agreement (FTA). This action aims to enhance economic relations and trade between the two countries.china-briefing.com · China
BUSINESSSep 1As rice output falls, Malaysia looks to China’s ‘2 yields, 1 land’ modelMalaysia is looking to China’s rice-prawn farms as a model to extract more from its shrinking paddy land as a slide in rice self-sufficiency has left it increasingly reliant on imports from its Southeast Asian neighbours. The experiment is also part of an attempt to confront other issues such as ageing farmers and more erratic weather, which have dented Malaysia’s rice output. Agriculture and Food Security Minister Mohamad Sabu said on Monday that Malaysia needed to raise its rice...South China Morning Post
BUSINESSSep 1Solar outpaces coal for the first time in China: How does Europe compare?China has seen an explosive growth in its renewable installation, with coal's share in its energy mix edging down in recent years.EuroNews [en]
BUSINESSSep 1Global investors descend on China’s Shenzhen to ride wave of AI and robotics opportunitiesShenzhen, the southern Chinese city home to US-sanctioned telecoms giant Huawei Technologies and drone maker DJI, has seen an influx of investors and business leaders amid rising global interest in Chinese artificial intelligence and robotics. On Tuesday, the tech hub hosted investor conferences led by three international financial institutions – HSBC, UBS and Nomura – with AI, robotics and other emerging technologies featuring prominently on their agendas. More investors could arrive to chase...South China Morning Post
BUSINESSSep 1Foreign investors expected to eye more China A shares – but pace set to ease: analystForeign investors are expected to keep adding to their China A-share holdings, though the pace of buying is likely to slow from the surge in the first half of the year, according to a UBS analyst. “We still expect net inflows in the second half, but the pace will be somewhat slower than in the first half,” said Meng Lei, China equity strategist at UBS Securities, at UBS’s annual China A-share strategy conference in Shenzhen on Tuesday. Foreign appetite for A shares – domestic shares of mainland...South China Morning Post
BUSINESSSep 1Taiwanese investment in China fell 59 % last year : SEFTaiwanese investment into China saw a significant decline last year, as reported by the SEF. This indicates a notable shift in economic relations between the two regions.taipeitimes.com · Taiwan
BUSINESSSep 1US Department of War awards Alcoa $174M to build Australian gallium facility, curbing dependence on ChinaThe US Department of War has awarded Alcoa $174 million to construct a gallium facility in Australia, aiming to reduce dependence on China for the material.Seeking Alpha Tech
BUSINESSSep 1China’s RatingDog Manufacturing PMI climbs to 51.5 in August, beating forecastsChina's RatingDog Manufacturing PMI rose to 51.5 in August, exceeding forecasts. This indicates a positive performance in the country's manufacturing sector.Seeking Alpha Tech
BUSINESSSep 1China August PMI signals improved sentiment , steady new momentumChina's Purchasing Managers' Index (PMI) for August indicates improved economic sentiment and consistent new momentum. This suggests positive economic trends in the region.en.people.cn · China
BUSINESSSep 1Senegal eyes processed goods exports to ChinaSenegal is looking to export processed goods to China, indicating a focus on expanding its international trade. This development could impact the economies of both nations.usa.chinadaily.com.cn · China
BUSINESSSep 1China’s top brokerages step up global push as overseas profits surgeChina’s leading brokerages are accelerating their push overseas, pouring billions of yuan into their international arms as cross-border deals expand and profits from overseas operations grow, according to their latest interim reports. Citic Securities, one of China’s largest brokerages, saw revenue generated outside mainland China rise 45.5 per cent, year on year, to 15.86 billion yuan (US$2.4 billion) in the six months ended June, according to its interim report. The growth slightly outpaced...South China Morning Post
BUSINESSSep 1Seafolly ¥600 question : Going premium in ChinaSeafolly is exploring a premium market strategy for its entry into China.ragtrader.com.au · Australia
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