Beijing’s top official handling trade and economic affairs talks with the United States inspected major container ports in China’s top exporting province on Sunday, amid concerns over the potential impact of US president-elect Donald Trump’s trade policies. During his visits to Nansha Port in the city of Guangzhou and Shekou Port in the city of … Read more
Fewer Westerners are working in major Chinese cities as high-paying jobs dry up amid slow economic growth, with living costs and China’s geopolitical tensions with the West also taking their toll. But some of those gaps are being filled by professionals from Southeast Asia, as foreign firms increasingly turn to local or regional talent. Census … Read more
Security has been stepped up in the southern Chinese province of Guangdong after 35 people were killed in a car attack outside a stadium in Zhuhai on Monday. An investigation is under way and authorities are looking for officials to hold accountable for the attack, according to one Guangdong official. They said security had been … Read more
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and … Read more
Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for … Read more
China is home to US e-commerce giant Amazon.com’s four biggest merchant bases, according to new research, showing the significant role that the world’s second-largest economy continues to play in the global supply chain despite geopolitical tensions. Shenzhen, a technology and factory hub in China’s southern Guangdong province, leads the pack with 102,588 sellers registered on … Read more
Major foreign investors in China have seen a tentative uptick in consumer spending, easier access to capital and an opening for deeper change after China’s wave of economic stimulus over the past month, overseas business organisations said. Some American retailers found Chinese customers spent more, while they also anticipated that it would be easier to … Read more
Chinese-founded fast-fashion giant Shein saw profits plunge over 70 per cent in the first half of 2024 due to fierce competition from rivals such as PDD Holdings’ Temu, according to a report by The Information. Revenue growth of the Singapore-registered company slowed to 23 per cent during the period, down from 40 per cent for … Read more
Drawn by its affordable food, shopping and entertainment, many Hong Kong residents choose to spend their weekends in the neighbouring city of Shenzhen in China. Some venture to Guangzhou, another nearby city that has its share of Cantonese cuisine, pristine malls and cultural destinations. But further east in Guangdong province is a little-known city that … Read more
In his 21 years of running kindergartens, Yu Bo has never had this much trouble filling places. Previously, he did not even need to advertise. Parents crowded his office asking if they could pay a year in advance to reserve a spot. Sometimes women even came to him while pregnant. At their business peak, he … Read more
