German sports brand Adidas recently announced that its CEO, Kasper Rorsted, will leave his post in 2023—three years before his contract ends—and that the company is now searching for its next chief executive. The unexpected move came as the company saw declining sales in China for five consecutive quarters. The company said on Aug. 22…
Adidas CEO to Leave Post Ahead of Schedule as the Company Faces Challenges in Chinese Market
August 29, 2022
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AdidasBusiness & MarketsChinaChina Business & EconomyChinese marketCompaniessportswearXinjiang Cotton
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Chinese Regulator Attempts to Calm Housing Bubble Before US Raises Interest Rates
July 5, 2021
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Business & EconomyChinaChinese marketFinance & Business Tieshousing bubblereal estateSpecial TopicsUS interest rates
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News Analysis Following a recent warning from China’s top banking regulator about a possible bubble in the Chinese housing market, mainland Chinese media company ARCHINA published an editorial emphasizing the communist regime’s concerns and the need to enforce tighter regulations. The move comes after U.S. policymakers announced raising interest rates by the end of 2023….
Opinion: What Will Happen With Automaker Tesla in China?
Commentary On Feb. 8, the Chinese state-run media Xinhua reported that Tesla, the U.S. automaker, was summoned by five government departments including the General Administration of Market Supervision, to discuss consumers’ complaints about quality issues such as abnormal acceleration, battery fires, and remote vehicle upgrades. On Feb. 9, Xinhua issued three commentaries on the incident,…
China’s Securities Regulator Aims to Channel People’s Savings Into Public Funds
December 30, 2020
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Capital MarketChinaChina Business & EconomyChina SocietyChinese economyChinese marketChinese Regimehousehold savings
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The China Securities Regulatory Commission (CSRC) convened on Dec. 22 to address the challenges of the capital market for the year 2021. The authorities emphasized the importance of investing in public funds to spur economic growth and urged financial institutions to increase public equity funds by transforming household savings into investments. Chinese state media Securities…
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