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Nino Abdaladze

Temu takes lead in US charts, overshadowing Shein

Temu takes lead in US charts, overshadowing Shein

Shein is facing a challenge from a Chinese-owned shopping platform Temu, undermining its dominance as a fast fashion retailer, Bloomberg reported. Temu, owned by Chinese e-commerce giant Pinduoduo Holdings Inc (PDD) has reported at least a single day of gross merchandise value that surpasses Shein’s number, in the period

Beijing attributes expanding US economic gap to high inflation, strong dollar

Beijing attributes expanding US economic gap to high inflation, strong dollar

China has attributed last year’s growing economic gap with the U.S. to inflation and exchange rate factors, South China Morning Post reported on Monday. Despite increased containment measures from Washington, including export controls on critical tech components, China remains confident in meeting its 2023 growth targets and long-term

McCarthy to Meet Taiwan's President in US

McCarthy to Meet Taiwan's President in US

U.S. House Speaker Kevin McCarthy is set to meet Taiwan's President Tsai Ing-wen in the United States in the coming weeks, anonymous sources told Reuters on Monday. The sources said Tsai had been invited to speak at the Ronald Reagan Presidential Library during transit through California on

AirPods Maker: Apple Suppliers Rushing to Leave China

AirPods Maker: Apple Suppliers Rushing to Leave China

Chinese suppliers are expected to relocate their operations out of the country faster than previously anticipated due to escalating tensions between Beijing and Washington, Bloomberg reported based on Apple’s key partner. GoerTek, which produces AirPods, is among the many manufacturers exploring new sites outside of China – the country where

Russia Turns to China, India for Energy Trade

Russia Turns to China, India for Energy Trade

Russia's new energy policy will not depend on partners in the West for its energy trade anymore, instead, it will focus on more dependable partners such as China and India, Russian Foreign Minister Sergey Lavrov said. On Friday, while attending the foreign ministers' G20 meeting in Delhi,

China's International Trade Hits New Highs

China's International Trade Hits New Highs

China’s international trade has surged last year with some record-setting numbers, despite the U.S. trade restrictions, state-backed Chinese media China Daily reported. Despite geopolitical tensions, high tariffs, and trade restrictions, the latest figures on U.S.-China goods trade in 2022 show that the trade relationship between the

Finland Aims to Reduce Economic Reliance on China

Finland Aims to Reduce Economic Reliance on China

Finland is ready to reexamine its dependency on China which supplies the nation with half of the mobile phones and two-thirds of the laptops, YLE reported based on the Finnish Foreign Ministry. Nina Vaskunlahti, the Finnish Foreign Ministry's Under-Secretary of State, aims to gain a better understanding and