Two decades ago, China shocked the United States with its ability to make and ship things fast and inexpensively on a scale never before seen, the New York Times reported. The resulting surge of exports reshaped America’s economy and its politics. Today, a new China shock is cascading across the globe from Indonesia to Germany to Brazil. As President Trump’s tariffs start to shut China out of the U.S., its biggest market, Chinese factories are sending their toys, cars and shoes to other countries at a pace that is reshaping economies and geopolitics.
Read more
The consumer landscape in China was very different in the 1990s, when Häagen-Dazs and Starbucks ventured in with premium products that were alien to most people, Bloomberg reported. They made huge inroads nonetheless, opening outlets at breakneck pace and raking in revenue. But times are changing, and they, like many other Western brands, are reassessing their approach to the world’s second-biggest economy, including possibly selling their businesses. General Mills, which owns Häagen-Dazs, is working on a potential sale of its more than 250 stores in China. Starbucks Corp.
Hozon New Energy Automobile, the owner of the Neta electric vehicle brand, has officially entered the bankruptcy review process, according to a notice posted on China’s centralized information platform on bankruptcy cases, YiCai Global reported. The National Enterprise Bankruptcy Information Disclosure Platform updated its information about Hozon Auto on June 13, adding Zhejiang Zicheng Law Firm as the administrator, the main person in charge of the administrator, and other data.
China’s plan to get consumers spending again may be working a little too well, the Wall Street Journal reported. Policymakers’ rollout of subsidies for smartphones, home appliances, cars and a host of other products have spurred a long sought-after pickup in spending. But the funds needed to keep it going are running out faster than planned. Many regional authorities put a brake on subsidies in recent weeks after shopping sprees drained the program’s accounts faster than expected. The timing is particularly bad, as a major shopping holiday–“618” –is around the corner.
Read more
Neta Auto, once a rising star in China’s electric vehicle market, is reportedly set to commenced bankruptcy reorganization proceedings on June 12, CarNewsChina.com reported. This development follows a dramatic video circulating online on June 11, showing employees confronting Neta Auto Chairman Fang Yunzhou at the company’s new Shanghai office, demanding overdue wages. According to an employee present at the scene, over 100 individuals gathered, and the outcome was merely a directive to await bankruptcy liquidation.
Read more
The U.S. and China agreed to a preliminary plan to ease trade tensions, which could revive the flow of sensitive goods between the world’s two largest economies, Bloomberg News reported. American and Chinese negotiators in London said both sides agreed on a framework on how to implement the consensus the two sides reached in the prior round of talks in Geneva. The U.S. and Chinese delegations will now take the proposal back to their respective leaders, according to China’s chief trade negotiator Li Chenggang. While full details of the pact weren’t immediately available, U.S.
Read more
China's consumer prices continued their four-month deflationary streak in May 2025, falling 0.1% year-on-year. This slight dip, which matched the previous two months and was a smaller decline than the 0.2% forecast, underscores persistent issues such as U.S. trade tensions, sluggish domestic demand, and anxieties about job security, SeekingAlpha.com reported. On a monthly basis, the CPI declined by 0.2% in May, reversing a 0.1% gain in April and indicating the third monthly drop so far this year.
Read more
China's export growth slowed to a three-month low in May as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts, Reuters reported. U.S. President Donald Trump's global trade war and the swings in Sino-U.S. trade ties have in the past two months sent Chinese exporters, along with their business partners across the Pacific, on a roller coaster ride and hobbled world growth. Underscoring the U.S.
Read more
China's producer deflation deepened to its worst level in almost two years in May while consumer prices extended declines, as the economy grappled with trade tensions and a prolonged housing downturn, Reuters reported. Uncertainties from a tariff war with the United States and weak consumption at home have rattled sentiment and fuelled expectations of more policy stimulus to combat deflationary pressures.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.