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BUSINESS19h agoGermany's China calculation shifts as import pressures eclipse export benefitsGermany has long resisted tougher action against China, fearing retaliation. But rising pressure on key industries has pushed Berlin to seek stronger EU trade-defense powers to protect its industrial base.DW News [en]
BUSINESS20h agoLVMH sales miss growth forecasts as China luxury demand slowsLVMH, the world's leading luxury group, said its sales edged higher in the third quarter despite a slowdown in demand in China hitting its fashion and leather goods segment.EuroNews [en]
SCI & TECH20h agoNvidia’s China AI chip market share falls to 34% as Huawei gains ground: IDCNvidia's market share in China's AI chip sector has reportedly fallen to 34% as Huawei gains ground, according to IDC. This signifies a notable shift in the competitive landscape of the Chinese artificial intelligence chip market.Seeking Alpha Tech
BUSINESS20h agoCathie Wood warns of ‘vicious’ memory chip cycles as China adds capacityA prominent investor warns of intense market cycles in the memory chip industry, citing China's increasing production capacity as a contributing factor. This highlights potential volatility and competition in the global tech market.Seeking Alpha Tech
BUSINESS21h agoVisa wins approval to establish domestic business in ChinaVisa has received approval to establish a domestic business presence in China. This marks a significant development for the company's operations in that market.Seeking Alpha Tech
POLITICS21h agoMarcos on South China Sea row; anger in Thailand over iron cage beds: 7 Asia highlightsWe have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Marcos says Philippines ‘resigned’ to managing South China Sea dispute The Philippines is “resigned” to managing its long-standing dispute with Beijing in the South China Sea and avoiding dangerous escalations, President Ferdinand Marcos Jnr said. 2. ‘A show of...South China Morning Post
POLITICS21h agoChina, Russia deepen maritime and Arctic logistics ties to secure energy supplyBeijing and Moscow vowed deeper maritime and logistical cooperation to protect shipping lanes and energy supplies, as China’s Foreign Minister Wang Yi met Nikolai Patrushev, chairman of the Russian Maritime Board in the Chinese capital on Monday. “China stands ready to work with Russia to align maritime strategies and leverage their complementary strengths to protect each other’s legitimate maritime interests,” Wang said, according to a foreign ministry statement released late on Monday. The two...South China Morning Post
BUSINESS22h agoVisa gets Beijing's green light for bank card business after 40 years of working with ChinaThe incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.CNBC
BUSINESS22h agoWhy Haidilao’s US$14.9 million credit line to founder is fuelling China tax speculationHaidilao International Holding has agreed to provide its founder, Zhang Yong, with a one-month loan of up to the Hong Kong dollar equivalent of 100 million yuan (US$14.9 million), a move that has raised market speculation as investors closely watch Beijing’s October 22 deadline for offshore trust taxation. The Hong Kong-listed hotpot chain said in a stock exchange filing on Monday night that it would fund the loan from internal resources and charge interest at 0.6 percentage points above the...South China Morning Post
SCI & TECH22h agoChina-US astronomy team may have found possible relic of a recent ‘gold factory’A mysterious glow of high-energy light in our Milky Way galaxy could be the remains of an extremely rare cosmic “gold factory”, according to a new study by Chinese and US researchers. The collision of two orbiting neutron stars – dead stars so dense that a teaspoon of their matter would weigh a billion tonnes – may have shone as brightly as Jupiter in the sky, they wrote in a paper posted last week on the preprint server arXiv, which has yet to be peer-reviewed. The violent smash spewed out...South China Morning Post
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