18 h. ago Guinea bauxite exports up 36% to 99.8 million tons on Chinese demand

Guinea bauxite exports up 36% to 99.8 million tons on Chinese demand  Reuters

Politics

5 d. ago Guinea ships record 48.6 million tons of bauxite as China demand rises

Guinea ships record 48.6 million tons of bauxite as China demand rises  Reuters

Politics

9 d. ago Dubai and Abu Dhabi vie to attract Chinese luxury property buyers

Dubai and Abu Dhabi are jockeying to become the United Arab Emirates’ (UAE) top luxury property market amid increasing demand from Chinese buyers, according to agents. While Dubai was way ahead in terms of popularity, Abu Dhabi was increasingly finding favour with investors owing to its value proposition, according to Juwai IQI, a real estate broker with more than US$4 trillion in property listings globally on its platform. “Dubai and Abu Dhabi are similar markets in terms of product and...

Politics

1 week ago US farmers face tough outlook as China switches suppliers amid trade war

China’s imports of a slew of US agricultural products plunged dramatically in May, and it is possible the trade may never fully rebound as Beijing’s moves to diversify its food supplies will be “difficult to unwind”, experts said. The shift in Chinese demand sparked by the trade war and Beijing’s concerns about long-term uncertainty in its relationship with America could have deep implications for global supply chains – and particularly for the US farm sector, for which China has long been a key...

Events

2 w. ago China’s magnet exports to US slammed in May as rare earth curbs hit: data

The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data. China exported around 46.4 tonnes of magnets to the US last month. It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April. The total export of magnets, which dominate China’s critical minerals shipments, fell by nearly 74.3...

Events

2 w. ago Meituan keeps tight grip on 70% of food delivery market in China, report says

Meituan, the Chinese on-demand delivery giant, is maintaining a steady hold on its 70 per cent market share in domestic food delivery, despite intensifying competition from JD.com and Alibaba Group Holding’s Ele.me, as daily orders reached 90 million in recent days, according to a report by Chinese tech media outlet Leiphone.com, citing internal data. Meituan did not comment on the report. If confirmed, it would show the challenges Meituan’s rivals face in changing consumer habits, after a price...

Society

2 w. ago Hong Kong’s rent surge hits mainland students and professionals

Wang Ruoshuo, a 21-year-old student from Hefei, the capital of central Anhui province, is searching for a flat in Hung Hom in southern Kowloon, which is close to her university and the company where she interns. As a first-time renter, however, she has been taken aback by the high prices. Wang and her friends are looking for a two-bedroom unit, budgeting about HK$7,000 to HK$8,000 (US$892 to US$1,019) per person. “But when we began our search, we found that properties meeting our criteria would...

Society

4 w. ago US retailers demand Chinese firms pay shipping costs as trade pressure grows

US retail giants are demanding that their Chinese suppliers split or even bear the full cost of shipping goods across the Pacific, as freight rates skyrocket amid the disruption caused by the trade war, sources at Chinese export firms told the Post. The move is the latest sign of the intense pressure America’s biggest retailers are putting on Chinese factories to absorb more of the additional costs created by the trade war, with the companies facing calls at home to “eat the tariffs”. Until...

Economics