Imports of Japanese cars and beer fell sharply in July due to the spreading boycott of Japanese products amid a trade dispute with Tokyo, data from the Korea Customs Service (KCS) showed.…
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Taiwan’s Test Rite Group to close stores in China
The Test Rite Group, known in Taiwan for its do-it-yourself stores, has decided to close down 13 out of 15 stores in China due to losses, the Central News Agency reported on August 3, 2019.…
South Koreans boycotting Japanese cosmetics
Amid the widening anti-Japanese sentiment in South Korea following Tokyo’s retaliatory trade restrictions, Japanese cosmetics have become a new target of Korean consumers’ Japanese product boycott cam…
Retail report says holiday sales were disappointing
Shoppers did not spend as much as expected this past holiday season, according to a new report from the National Retail Federation.…
Alibaba’s Singles’ Day smashes last year’s record
Alibaba on Sunday tore through last year’s Singles Day sales record, racking up more than $30.8 billion in the 24-hour shopping event.…
Why is the Chinese economy slowing down?
China’s economy is slowing faster than expected at the start of the fourth quarter, a bad omen for growth early next year when the full force of the trade war with the United States comes to bear.…
P&G opens strong with profit rise
Procter & Gamble reported a stellar start to fiscal year 2019, with organic sales lifting 4% and profit surging 15%, despite costs implied by trade tariffs between the U.S. and China.…
European luxury brands : nervous about China
Chinese buyers account for a third of global luxury spending but a falling yuan and stricter customs controls on returning mainland travelers are worrying investors.…
How ASEAN could benefit from the US-China trade war?
ASEAN has been urged to find ways for its member states to join hands together to cushion any possible fallout from the trade war between the United States and China.…