BEIJING: Several coffee brands in China have raised prices recently, and market watchers have predicted that prices are likely to continue rising, given the upward pressure on raw material costs. On Wednesday, without any official announcement, consumers found that Starbucks had increased the prices of various drinks by 1 yuan ($0.16) to 2 yuan. Starbucks … Read more
STOCKHOLM: Swedish telecoms giant Ericsson on Tuesday said its net profit soared in 2021, with a better-than-expected performance in the fourth quarter despite losing ground in the key Chinese market. The world’s number two telecoms equipment maker is competing with China’s Huawei in the global rollout of ultra-fast 5G mobile phone networks. But Ericsson’s sales … Read more
SHENYANG: German luxury carmaker BMW on Thursday announced its upgraded strategy in the Chinese market, with three new or upgraded plants to open in 2022. At its New Year media conference, BMW Group China said that it is determined to continue its close cooperation with China’s automobile industry and attaches importance to Chinese market demands … Read more
BEIJING: Himalayan salt rock from Pakistan is becoming known to a growing number of Chinese consumers as edible salt. In recent years, salt rock products such as Pakistan salt lamp, bath salt, and salt rock plate used for steam sauna have also become popular in China. “Through the e-commerce platform, the sales of our related … Read more
BEIJING: Pakistan’s Ambassador to China Moin ul Haque has said that signing a memorandum of understanding (MoU) on onion export from Pakistan to China is an important step in promoting bilateral trade between the two countries. “This is a very welcome development because Pakistan and China are very important trading partners and the MoU will … Read more
BEIJING: Pakistan’s exports to China have increased more than 76 per cent on a year-on-year basis in the first three quarters (nine months), despite the pandemic, a diplomat said. “We believe that by the end of this year, our exports to China will cross $3 billion and that will be one of our highest-ever exports … Read more
DUBAI: Boeing announced its first big order at a major air show in Dubai on Tuesday, saying India’s new carrier Akasa Air ordered 72 737 MAX aircraft. “The new Indian carrier has ordered (72) 737 MAX airplanes to build its fleet,” the US aerospace giant said in a statement, adding that it was valued at nearly … Read more
SHANGHAI: Influenced by a new type of consumers and buoyed by the upcoming shopping season in China, exhibitors at the ongoing China International Import Expo (CIIE) have been showcasing more varied products and new marketing methods. The 4th CIIE, held in Shanghai on Nov. 5-10, has drawn nearly 3,000 businesses from 127 countries and regions. … Read more
Fashion Industry on global level suffers massive drop in sales as deadly coronavirus continues to create havoc around the world. A recent report looks at the impact on fashion Industry, supply chains, how retailers are responding and how the shut-down in China could lead to long-term changes to sourcing habits. Towns, cities and entire regions … Read more
