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6 days ago | 
caixinglobal.com | Wang Jing |Denise Jia
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Sunac China Holding Ltd. unveiled its final offshore debt restructuring plan late on Thursday, aiming to convert approximately $9.55 billion in offshore debt entirely into equity — only 10 days before its scheduled liquidation hearing.
Under the new proposal, the troubled property developer plans to issue two categories of mandatory convertible bonds to overseas creditors.
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1 week ago | 
caixinglobal.com | Liu Peilin |Denise Jia
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Jensen Huang, the CEO of Nvidia, met with the head of China’s trade promotion agency in Beijing on Thursday, reaffirming the company's commitment to the Chinese market despite escalating U.S. export restrictions on AI chips.
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1 week ago | 
caixinglobal.com | Fang Zuwang |Denise Jia
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Chinese tech firms are rapidly expanding into the booming global market for smart lawn-mowing robots — especially in Europe — driven by rising demand for intelligent, eco-friendly gardening tools and advances in boundary-free navigation technology.
At the 137th Canton Fair currently underway in Guangzhou, major Chinese tech firms including Ecovacs Robotics Co. Ltd., Ninebot Ltd.
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1 week ago | 
caixinglobal.com | Feng Yiming |Denise Jia
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L’Oréal is planning to lay off up to half its travel retail workforce in China, as the French cosmetics giant grapples with prolonged weakness in duty-free sales, multiple sources told Caixin.
Although the layoffs have not been officially announced, they are expected to affect up to half the team.
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1 week ago | 
caixinglobal.com | Guan Cong |Denise Jia
In the face of rising U.S. tariffs, Chinese wearable tech companies are racing to explore overseas manufacturing and increasing product innovation to retain their global competitiveness, executives said at Hong Kong’s InnoEX technology fair on Monday
The urgency came as the United States ratcheted up its “reciprocal tariffs” on Chinese goods to up to 145% within a week, with plans to target electronics next.
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1 week ago | 
caixinglobal.com | An Limin |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Tesla has quietly removed its Model S and Model X vehicles from its China website, effectively halting sales of the two imported models as rising tariffs from an escalating U.S.-China trade war take a toll on the electric carmaker in one of its most crucial markets.
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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Shanghai’s bustling port came to an abrupt halt on Thursday, just one day after U.S. President Donald Trump’s punitive 125% tariffs on Chinese imports took effect — virtually wiping out shipments bound for the United States overnight. Only days earlier, the port had been a hive of activity, with ships rushing to load containers ahead of the tariff deadline.
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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
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Shanghai’s bustling port came to an abrupt halt on Thursday, just one day after U.S. President Donald Trump’s punitive 125% tariffs on Chinese imports took effect — virtually wiping out shipments bound for the United States overnight.
Only days earlier, the port had been a hive of activity, with ships rushing to load containers ahead of the tariff deadline.
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2 weeks ago | 
caixinglobal.com | Sun Yanran |Bao Yunhong |Denise Jia
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Donald Trump has sharply escalated trade tensions with China, announcing a steep increase in tariffs on small parcels valued under $800 just days after Beijing retaliated with its own 34% tariff hike. The move poses major challenges for China’s cross-border e-commerce exporters.
Starting May 2, goods from the Chinese mainland and Hong Kong will no longer enjoy duty-free treatment.
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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
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In a desperate sprint to beat looming U.S. tariffs, cargo ships and airlines are racing across the Pacific at record speeds. Containers are stacked to the brim, ports are scrambling to meet demand and freight rates are soaring amid a surge in shipping activity.
