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China’s Social Credit System

Gucci celebrates China’s Qixi festival with new flagship on JD.com China's Social Credit System

Gucci celebrates China’s Qixi festival with new flagship on JD.com

What Happened: Gucci is joining Louis Vuitton, Bottega Veneta, and 500 other top luxury brands on JD.com. In celebration of Qixi, also known as Chinese Valentine’s Day on August 22, the Italian luxury house officially debuted an online flagship store on the Chinese e-commerce platform on August 16.  Integrated with cutting-edge…
bubmag
August 18, 2023
Thai durian shipments to China surge as China-Laos Railway boosts trade China's Social Credit System

Thai durian shipments to China surge as China-Laos Railway boosts trade

PUBLISHED : 16 Aug 2023 at 10:03 Photo taken on May 5, 2022, shows a durian sorting factory in Chanthaburi province, Thailand. (Xinhua/Wang Teng) Thailand's durian exports to China through the China-Laos Railway expanded 365% in the first five months of this year thanks to shorter transit time and advantages…
bubmag
August 16, 2023
Impro Precision: Interim results continue to improve, stock price rises amid adversity, and US peer also climbs to new high, Business News China's Social Credit System

Impro Precision: Interim results continue to improve, stock price rises amid adversity, and US peer also climbs to new high, Business News

HONG KONG, Aug 16, 2023 - (ACN Newswire) - Impro Precision (01286.HK), the world's sixth largest independent and China's largest investment casting manufacturer, announced its 2023 interim results last week. Sales increased by 9.7% year-on-year to HK$2.4 billion, while net profit rose by 13.3% year-on-year to HK$300 million, which is…
bubmag
August 16, 2023
Country Garden just confirmed the ‘worst fears’ about China’s property market China's Social Credit System

Country Garden just confirmed the ‘worst fears’ about China’s property market

One of China’s largest developers is wobbling and has less than 30 days to avoid a default on its bonds, the latest signal of the government’s struggle to end the nation’s property slump as the economy slows. Country Garden Holdings Co., which had total liabilities of 1.4 trillion yuan ($194…
bubmag
August 12, 2023