China’s exports rose unexpectedly in November while imports fell slightly from a year earlier, according to customs data released on Thursday. Exports rose 0.5% in U.S. dollars from a year earlier, up from expectations for a 1.1% decline, according to analysts polled by Portal. Imports fell 0.6% in U.S. dollars, missing the Portal forecast of … [Read more…]
The Biden administration on Friday proposed new rules aimed at moving more production of electric vehicle batteries and the materials that power them to the United States, building a strategic industry now dominated by China. The rules are intended to limit the role of Chinese companies in supplying materials for electric vehicles that qualify for … [Read more…]
Shein has not yet determined the size of the IPO, which was valued at over $60 billion in May The IPO takes place amid challenging markets and under US scrutiny Fast fashion retailers still lag behind Amazon in sales Nov 27 (Portal) – Fashion company Shein has confidentially filed to go public in the United … [Read more…]