China

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China's Premier Li urges stronger economic, trade ties with U.S.

China’s Premier Li Qiang attends a meeting with US Climate Envoy John Kerry at the Great Hall of the People in Beijing on July 18, 2023.  Florence Lo | Afp | Getty Images China and the United States should strengthen economic and trade ties and Washington should avoid decoupling from China, Chinese Premier Li Qiang […]

China's Premier Li urges stronger economic, trade ties with U.S. Read More »

Increasing competition from C beauty brands confined to mass market for now Coty

‘Fiercer than ever’: Increasing competition from C-beauty brands confined to mass market for now – Coty

In China, the shift towards domestic brands has steadily gained momentum over the past few years. Color Key, Judy Doll, and Flower Knows are among the brands generating the most hype among Chinese consumers. “The reality is that the competition between international mass brands and local brands is fiercer than ever. And this is really

‘Fiercer than ever’: Increasing competition from C-beauty brands confined to mass market for now – Coty Read More »

SK II China slump Consumer research leaves P G hopeful that luxury brand will recover by H2

SK-II China slump: Consumer research leaves P&G hopeful that luxury brand will recover by H2

P&G reported that SK-II sales fell by 34% in the Greater China region, including domestic travel retail, during its latest quarter ending December 2023. Overall, P&G’s beauty segment grew by a modest 1% because of SK-II’s challenging quarter. The company attributed the tumble to the Chinese consumers’ safety concerns over Japanese brands over Tokyo’s decision

SK-II China slump: Consumer research leaves P&G hopeful that luxury brand will recover by H2 Read More »

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European Union is considering sanctions on Chinese firms for aiding Russia's war machine

This pool photograph distributed by Russian state owned agency Sputnik shows Russia’s President Vladimir Putin (R) and China’s President Xi Jinping heading to a group photo session during the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on October 18, 2023. Grigory Sysoyev | AFP |

European Union is considering sanctions on Chinese firms for aiding Russia's war machine Read More »

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U.S. lawmakers accuse five VC firms of investing $3 billion in Chinese companies linked to military activities

Rep. Mike Gallagher, center, chair of the House Select Committee on the Chinese Communist Party, speaks at a news conference following a GOP caucus meeting at the Republican National Committee offices in Washington, D.C., on Feb. 28, 2023. He is joined by fellow Republicans Rep. Elise Stefanik, left, and Majority Whip Steve Scalise. Chip Somodevilla

U.S. lawmakers accuse five VC firms of investing $3 billion in Chinese companies linked to military activities Read More »

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Chinese firm behind ‘news’ websites pushes pro-Beijing content globally, researchers find

A Chinese flag in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Sept. 18, 2023. Spread over websites in 30 countries, the propaganda material is interspersed with news aggregated from local news outlets and Chinese state media, according to a research report the Toronto-based group released on Wednesday. Bloomberg | Bloomberg | Getty Images More

Chinese firm behind ‘news’ websites pushes pro-Beijing content globally, researchers find Read More »

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U.S. engineer contacted China before stealing missile tracking tech, DOJ says

A deactivated Titan II nuclear ICMB is seen in a silo at the Titan Missile Museum on May 12, 2015 in Green Valley, Arizona.  Brendan Smialowski | AFP | Getty Images Federal prosecutors charged an engineer who worked at a Los Angeles-area company with stealing trade secret technologies developed for use by the U.S. government

U.S. engineer contacted China before stealing missile tracking tech, DOJ says Read More »

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Australian writer Yang Hengjun given suspended death sentence in Beijing

Chinese police patrol outside the Australian embassy in Beijing on Jan. 25, 2019. Fred Dufour | AFP | Getty Images A Beijing court on Monday handed Australian writer Yang Hengjun a suspended death sentence, five years after he was first detained in China and three years after a closed-door trial on espionage charges. Yang, a pro-democracy blogger, is an Australian citizen born in China who was working

Australian writer Yang Hengjun given suspended death sentence in Beijing Read More »

Amorepacific FY2023 Growth Japan Americas EMEA not enough to offset China decline

Amorepacific FY2023: Growth Japan, Americas, EMEA not enough to offset China decline

Amorepacific’s latest full-year results show that growth across multiple markets including the US was not enough to offset the slump in China, leaving its overseas business unit in the red. On January 30, the South Korean beauty conglomerate revealed a significant operating profit loss in its overseas business unit in its 2023 financial year report.

Amorepacific FY2023: Growth Japan, Americas, EMEA not enough to offset China decline Read More »

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