Gucci's anticipated 20% sales drop in the first quarter of 2024, attributed to an Asia slowdown, prompts parent company Kering to revamp management and introduce new collections.
Tags: China
China Accuses Joe Biden of Discrimination Over Electric Vehicle Policies
China filed a WTO complaint against the Biden Administration, alleging discriminatory electric vehicle subsidy practices due to recent U.S. policy changes disqualifying tax credits for Chinese-sourced components.
China Pressing Banks to Expedite Loan Approvals to Cash-Strapped Private Property Developers
Chinese authorities are pressuring banks to approve new loans to private property developers faster to boost purchaser sentiment and lower lenders' asset quality.
Chinese Snack Brand Heir Discovers Hidden Wealth, Now A Millionaire At 24 Years Old
Zhang Zilong, son of the owner of Chinese snack brand Mala Prince, discloses that he discovered his family's million-dollar wealth post-graduation, as his father intentionally concealed it to instill humility and diligence in him.
Elon Musk's Tesla Loses $240 Billion After Decision to Cut Production in China
Tesla's stock plummeted after Elon Musk's decision to halt car production in China amid slower EV sales growth and increased competition. Analysts warn that overcoming the downfall will be challenging without new Tesla models.
Latest News
Gold prices surged to a new all-time high on Thursday, and experts predict they will rise further. Gold prices surged to a new all-time high on Thursday, signaling a continued rally driven by some factors, such as increased bullion buying by central banks.
Many Chinese semiconductor companies associated with Huawei are reportedly being considered for blacklisting by the Biden administration.
Apple CEO Tim Cook arrives in Shanghai ahead of a new retail store opening and decreasing iPhone sales.
A Canadian citizen based in China has been arrested in the United States for allegedly stealing the trade secrets of Tesla and conspiring to sell them to undercover police.
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Capchem Technology, a Chinese firm linked to China's military-industrial complex, plans to expand in the US with battery chemical plants in Ohio and Louisiana, sparking national security concerns.
Russia's President Vladimir Putin is poised to extend his reign without a serious competitor. Russia's President Vladimir Putin is poised to extend his reign, with initial results from the country's closely watched election showing his lead without a serious competitor.
China's central bank withdrawal indicates cautious economic growth, disappointing stimulus hopes, and limited policy options amid yuan decline and global rate disparities.
A former executive of Semiconductor Manufacturing International Corporation (SMIC), the largest chip foundry in China, has reportedly joined ChangXin Memory Technologies (CXMT), the country's leading memory chip maker, to lead research and development.
