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3 mins read

China's luxury slump is trickling down to other consumer companies

Companies like Starbucks, Nike, and Estée Lauder have reported falling sales in China as weak consu…

Madeline Berg,Huileng Tan   


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4 mins read

Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race

Volkswagen is mulling the closure of factories in Germany for the first time to cut costs, while ri…

Tom Carter   


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2 mins read

China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says

China is weighing additional stimulus that would increase if Trump wins the US election. The candid…

Kelly Cloonan   


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4 mins read

Tuberculosis dethrones COVID-19 as world’s top infectious killer again; Half of all new cases from India, Indonesia

According to the latest World Health Organization (WHO) report, approximately 8.2 million people we…

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2 mins read

Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus

LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese …

Kelly Cloonan   


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5 mins read

China's $114 billion stimulus package immediately boosted its stock market. But can it last?

China's $114 billion stimulus has some investors excited, but it's lacking support for the country'…

Dan DeFrancesco   


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9 mins read

We're losing the one thing that's keeping the peace between America and China

American businesses hoped China would be a gold mine. That dream is dying and it could make it hard…

Linette Lopez   


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3 mins read

China's Communist Party begins key meet to stem economic slowdown, following 4.7% dip in GDP

China's GDP dipped to 4.7 per cent in the second quarter, the government said on Monday, as the rul…

PTI   


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2 mins read

Even Xi Jinping admits China has a painful road ahead despite his new stimulus

"We must ready ourselves for danger, and prepare for rainy days," Xi said as he spoke of China's co…

Matthew Loh   


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3 mins read

China is hosting African leaders in a lavish display of its global ambition

China influence in Africa's growing amid its intensifying global rivalry with the US.

Tom Porter   


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2 mins read

Luxury brands are slashing prices in China

Luxury brands like Burberry and Balenciaga have been offering big discounts in China to try to reel…

Alexandra Bacon   


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5 mins read

China is Starbucks' 2nd biggest market, but sales are slumping. Here's why.

China is Starbucks' second-biggest market but analysts question how well its format and prices work…

Grace Dean   


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3 mins read

The luxury outlook in China just keeps getting worse

Gucci's parent company said on Wednesday that it continued to see a "deceleration" in Asia-Pacific …

Lian Kit Wee   


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2 mins read

China can't boost its economy because its macro policy is 'too slow and reluctant,' Goldman Sachs says

Weak retail sales and potential labor market pressures show China's policy pushes haven't acted qui…

Kelly Cloonan   


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3 mins read

It looks like the party's over for luxury goods in China

Luxury retailers say they've been hit by slumping sales in China, while tourism spending in Japan b…

Grace Dean   


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1 min read

Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks

Bernard Arnault owns about half of LVMH, which includes luxury brands like Louis Vuitton, Dior, Tif…

Matthew Fox   


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2 mins read

Indian traders demand resumption of border trade with China through Lipulekh pass

Indian traders involved in border trade with China through the Lipulekh pass in Pithoragarh distric…

PTI   


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2 mins read

China is gunning for the chief scientist of its COVID vaccine project, accusing him of 'serious discipline and law violations'

Yang Xiaoming was kicked from the National People's Congress earlier this month. He was in charge o…

Matthew Loh   


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5 mins read

India's population to peak in early 2060s to 1.7 billion before declining: UN

According to the report, India's population in 2024 is projected at 1.45 billion and this will peak…

PTI   


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6 mins read

American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back

As KFC and McDonald's struggle globally, they're driving hard into China with aggressive store expa…

Matthew Loh