First chips, and now automakers face a new shortage: rubber
Automakers struggling with pandemic-induced plant shutdowns and a global chip shortage are now confronting another supply chain headache: dwindling rubber supplies. Dwindling rubber supplies Automakers struggling with pandemic-induced plant shutdowns and a global…
Alibaba: Antitrust penalty won’t bring ‘material negative impact’
The State Administration for Market Regulation on Saturday announced a fine worth 18.2 billion yuan ($2.8 billion) against Alibaba for abusing its dominant position over rivals and merchants on its e-commerce platforms. Alibaba…
China Approves Merger of Chemical Giants, Creating $150 Billion Company
China approved a merger between the country’s top two chemical companies, paving the way for another supersize state-run enterprise that Beijing hopes will become a dominant global player. The combination, which has been…
Country working on vaccines for novel coronavirus variants
The country will actively and prudently advance the COVID-19 vaccination of people over 60 and those who have chronic disease, based on the effectiveness of its mass vaccination campaign, commission official Wu Liangyou…
Fonterra gains 38% in H1 earnings
The Chinese market has continued to be the highlight for the first half-year fiscal report for world-leading dairy producer Fonterra Co-operative Group. According to Fonterra, innovations in product portfolio and applications to better…
Fast fashion brands find the going tough in China
Gap has been lagging behind in its digital operations in China, as well as in terms of physical stores Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential…
