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13.02.26 - 16:36
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Beijing pastry shop overrun by shoppers after Xi Jinping′s visit (The Guardian)
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Customers flock to Daoxiangcun to pick up cakes selected by the president during lunar new year tour around cityA Beijing pastry shop visited by the Chinese president, Xi Jinping, on a lunar new year tour this week has been swarmed by customers hoping to get their hands on Xi-approved sweet treats.Traffic was brought to a standstill in Beijing's capital as the president took a tour around the city on Monday and Tuesday. Continue reading......
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13.02.26 - 16:12
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Chinese Brands Are Stealing the Show in Luxury Retail (Bloomberg)
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Chinese manufacturers are increasing pressure on Western luxury brands, as consumers grow more skeptical about the value of traditional high-end products.
Lauren Sherman, business journalist and host of the Fashion People podcast, joins Max Chafkin and Stacey Vanek Smith on the Everybody's Business podcast to talk about why companies like outerwear giant Bosideng are winning over global consumers. (Source: Bloomberg)...
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13.02.26 - 15:18
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China′s Meituan warns of US$3.5 billion loss amid intense food delivery price war (SCMP)
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China's food delivery giant Meituan on Friday warned that it expected to post a loss of up to 24.3 billion yuan (US$3.5 billion) for 2025 due to “intense industry competition”, with the slump likely to persist this year.
The sharp reversal from 2024, when the company posted a profit of 35.8 billion yuan, comes on the back of one of China's most intense price wars last year between Meituan, Alibaba Group Holding and JD.com in local e-commerce and food delivery, which only subsided after......
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13.02.26 - 14:06
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Chinese power line projects seek private capital in sign of infrastructure shift (SCMP)
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In the latest sign of China's push to channel private capital into infrastructure, several local governments have begun actively seeking private investors for two major ultra-high-voltage power line projects – the first schemes of their kind to open up to non-state funding since a Beijing directive encouraging the practice last November.
China is building a series of vast power lines to funnel clean energy from its resource-rich but sparsely populated western regions to power-hungry industrial......
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13.02.26 - 13:12
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Mercedes Warns Of Fresh Margin Squeeze As China Struggles Persist (ZeroHedge)
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Mercedes Warns Of Fresh Margin Squeeze As China Struggles Persist
Mercedes-Benz warned that profitability in its car division could come under renewed strain this year, underscoring a difficult outlook as the luxury group contends with elevated costs, weak demand in China and global trade tariffs, according to Reuters.
Shares fell as much as 5.7% after the announcement and were down 3.1% by mid-morning trade on Thursday.
Presenting 2025 results that fell short of expectations, CEO Ola Kaellenius told investors, "The rules are changing," adding, "We are fundamentally reinventing the company."
The automaker projected a 2026 adjusted return on sales of 3% to 5% in its core cars unit, compared with 5% last year — below the 5.4% analysts had forecast. Group operating profit dropped 57% to 5.8 billion euros, missing the expected 6.6 billion euros, hit by roughly 1 billion euros in tariff costs, adverse currency effects and sliding sales in China.
Reuters writes that while manag...
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13.02.26 - 13:06
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China charges former AstraZeneca executive – what it means for global pharmaceutical firms (SCMP)
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AstraZeneca's former China head has been formally charged with medical insurance fraud, illegal trading and unlawful collection of personal information, more than a year after he first came under investigation – casting a shadow over the Swedish-British drug maker's expansion in its second-largest market.
The pharmaceutical giant confirmed to the Financial Times and Reuters that Leon Wang was one of two individuals indicted, as referenced in its latest earnings report published on Tuesday. The......
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13.02.26 - 12:06
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EU plant Binnenmarkt-Offensive gegen USA und China (DW)
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Die EU will Bürokratie abbauen, Investitionen erleichtern und Europas Wirtschaft wettbewerbsfähiger machen. Doch bei der Finanzierung zeichnet sich Streit ab, vor allem über die mögliche Aufnahme gemeinsamer Schulden....
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