Tags: China

Uniqlo and Nike Struggle in China as Shoppers Choose Cheaper Options

Uniqlo and Nike Struggle in China as Shoppers Choose Cheaper Options

Due to economic challenges, Uniqlo, Nike, and other global apparel brands are struggling in China as consumers increasingly choose affordable, unbranded alternatives.


China Sets New Rules to Help Veterans Find Jobs and Start Businesses Easily

China's new laws, effective September 1, will ease hiring criteria for veterans, provide job preferences, and support entrepreneurship, vocational training, and higher education to improve their transition to civilian life.

China to Develop Home-Grown AI Solutions Using Supercomputers to Counter US Sanctions

China is turning to supercomputing to boost its AI capabilities in response to U.S. sanctions on advanced semiconductors and GPUs, which are crucial for developing large language models (LLMs).

US to Announce Additional $500 Million Defense Boost to Philippines

US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are in Manila this week to announce a $500 million defense funding to help the Philippines in its deterrence against China.


Latest News

China Eyes 'Voluntary and Flexible' Retirement Age Increase to Address Aging Population
China's Communist Party is considering a gradual and flexible increase in the retirement age to address pension system pressures caused by an aging population and declining birth rates.
Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
Chinese President Meets Vanuatu Prime Minister
President Xi Jinping announced strategies to strengthen the finances of China's indebted local governments, which include increasing their financial autonomy and opening infrastructure to private enterprises.
China Unaffected by Global Microsoft Outage, Thanks to Local Tech Investment
On July 19, a global Microsoft Windows outage disrupted foreign businesses and luxury hotels, but China’s key infrastructure remained largely unaffected, following the country’s push for tech self-sufficiency.
China Investigates 16 Companies for Illegally Testing Job Seekers with Pregnancy Tests
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
Xi Jinping's 'Common Prosperity' Plan Forces Hong Kong Employees to Return Their Work Bonuses
Chinese state-backed financial companies in Hong Kong demand employees to return portions of their bonuses, aligning with President Xi Jinping’s ‘common prosperity’ plan to reduce income inequality.
Chinese Carbon Tech Firm XDS Invests on Mark Cavendish’s Cycling Team Astana Qazaqstan
Chinese carbon bicycle technology manufacturer XDS confirmed Monday (July 15) that it will invest in the professional cycling team Astana Qazaqstan.
Robotaxi in China Pushes Local Government to Restrict Traditional Ride-Hailing Taxi
China's push to implement robotaxis gains favor from the public but sparks job security concerns among traditional taxi drivers, especially with Baidu's plan to expand its fully driverless fleet in major cities.
US Sanctions Are Compromising Russian Imports of Chinese Cars
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
Chinese Report Claims Fuel Trucks Used to Transport Cooking Oil
Chinese authorities are reviewing an investigative report which alleged the practice of using fuel tankers to carry cooking oil, rocking the country into a major food safety scandal.
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