International trade fairs in China draw widespread foreign interest
中国国际经贸展会吸引全球外商广泛关注
2025-09-12
| The 12th China International Fair for Trade in Services opened in Beijing, with 85 countries and 2,000 companies participating. The theme of the 2025 fair is application of intelligent technologies to develop the services sector. Foreign exhibitors, including Walmart, AstraZeneca and KPMG, said they are interested in tapping China's potential as the services market opens wider to overseas players. China's trade in services in the first half of this year rose 8 percent from a year earlier to a record 3.9 trillion yuan (US$548.8 billion). The fair runs through Sunday.
At the China International Fair for Investment and Trade, which ended yesterday in the southeastern city of Xiamen, investment deals valued at 644 billion yuan were signed, with foreign companies announcing new partnerships and plans to expand in China. Britain's Invinity Energy Systems signed a deal with a Xiamen company to build an intelligent manufacturing hub for energy storage batteries. Germany's Delfa Systems displayed its new sensor technology for application in robotics and autonomous driving, saying the Chinese market offers the company huge prospects. |
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| 来源: Shanghai Daily |
竞购星巴克中国股权的投标方缩减
2025-09-12
| Global investment firms Carlyle Group and EQT, and regional players HongShan Capital Group and Boyu Capital are preparing final offers for a stake in Starbucks' China operations, Reuters reported, citing five people familiar with the bidding. Starbucks has asked the finalists to submit binding offers by early next month. The US coffee chain initially invited 10 potential bidders to submit preliminary offers, with most valuing the Chinese operations as high as US$5 billion. No stake size has been disclosed. The news agency said Primavera Capital may also be in the final round of bidders. Starbucks has said it will retain a stake in the Chinese business.
Starbucks has been struggling in the Chinese market against domestic rivals like Luckin Coffee. Its same-store sales in its third quarter ended June 29 rose 2 percent. The company currently operates about 7,800 outlets on Chinese mainland. Its market share last year dropped to 14 percent from 34 percent in 2019. |
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| 来源: Shanghai Daily |
中美国防部长举行首次会谈
2025-09-12
| China's defense minister Dong Jun held a video call with his US counterpart Pete Hegseth, urging the US defense secretary to maintain communications and an open mind to foster stable, positive ties, Xinhua reported. The Pentagon called the first talks between the two defense officials "candid and constructive" and said Hegseth assured Dong that the US doesn't seek conflict with China but will "protect its vital interests in the Asia-Pacific region." | |
| 来源: Shanghai Daily |
Poland, NATO pilots shoot down Russian drones in Polish airspace
波兰与北约飞行员在波兰领空击落俄军无人机
2025-09-11
| Poland and NATO pilots shot down at least four of 19 Russian drones in Polish airspace that occurred during a wider Russian attack on Ukraine, the first time NATO has fired weapons since the start of the Ukraine war more than three years ago. At one point during the operations, Warsaw International and three other airports were closed for several hours. It isn't clear if the drones were a mission gone wrong or intended. Polish President Donald Tusk said the drones came from Russian ally Belarus and were an "act of aggression." Moscow called the Polish claims "groundless." Nobody was apparently hurt in the strikes. Western military Analysts questioned whether Russia was testing NATO defenses.
During the same day of Russian assaults, a Russian glide bomb struck a village in eastern Ukraine, killing 24 pensioners lined up to collect their monthly checks. Nineteen people were injured. |
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| 来源: Shanghai Daily |
Tesla loses share of China electric-car market for sixth month
特斯拉连续第六个月丧失中国电动车市场份额
2025-09-11
| Tesla is continuing to lose ground in China's electric car market amid rising competition from cheaper vehicles from domestic vehicle makers like BYD and Xiaomi. The US company delivered 57,152 Shanghai-made Model 3 and Model Y vehicles to customers in August, down almost 10 percent from a year earlier, according to the China Passenger Car Association. Tesla's sixth month of slumping sales, despite some discounts and interest-free loans on offer, gave the company a 4.4 percent share of the 1.3 million electric vehicles sold on the mainland last month. | |
| 来源: Shanghai Daily |
美国企业在华信心表现不一
2025-09-11
| US companies doing business in China have mixed confidence toward their business prospects in the next five years, with concerns about US-China trade tensions and fierce domestic competition weighing on their outlook, according to a newly released survey by the American Chamber of Commerce in Shanghai. Some 41 percent of corporate respondents expressed optimism, while 37 percent said they were pessimistic or slightly pessimistic. The poll surveyed 254 member companies, including 86 per cent that have been in China for at least a decade, the South China Morning Post reported. | |
| 来源: Shanghai Daily |
法国再度陷入政治僵局
2025-09-09
| French Prime Minister Francois Bayrou was ousted in a parliamentary no confidence vote, returning the country to political paralysis in a government where no bloc – left, right or center – holds a majority. Bayrou's downfall came after he staked his premiership on addressing France's 3.4 trillion euro (US$4 trillion) government debt. He proposed a freeze on welfare payments, the scrapping of two national holidays and other austerity measures to save 44 billion euros next year. French President Emmanuel Macron can try to name a new premier – his fifth in two years – who is acceptable to at least part of the fractious National Assembly or call new elections. | |
| 来源: Shanghai Daily |
Israel blames 'terrorists' for Jerusalem attack, Trump has new ceasefire plan
以色列称耶路撒冷袭击系“恐怖分子”所为，特朗普提出新停火方案
2025-09-09
| Six people were killed in Jerusalem and 12 injured when two gunmen opened fire at a crowded bus stop. Israeli officials said the two perpetrators, which it called "terrorists," were killed when a security officer and civilian returned fire. Hamas praised two Palestinian "resistance fighters," who it said carried out the attack, but stopped short of claiming responsibility. Finance Minister Bezalel Smotrich said the "abominable attack will have the most severe and far-reaching consequences."
The violence comes as the Trump administration proposes a new ceasefire plan to release all 48 or so Israeli hostages, both dead and alive, still in Gaza. Although no specific details were released, Israeli media have reported that up to 3,000 Palestinian prisoners held in Israeli jails might be released in exchange. President Donald Trump issued what he called his "last warning" to Hamas to accept a deal for release of the hostages, and Israeli defense minister Israel Katz warned that Gaza faces a "mighty hurricane" if the hostages aren't freed. Israeli officials again urged residents of Gaza City to leave the enclave's most populous area as a major military offensive there continues. |
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| 来源: Shanghai Daily |
江南布衣全年利润与营收双增长
2025-09-09
| Hangzhou-based international fashion retailer JNBY Design, whose name embodies its fashion motto "Just Naturally Be Yourself," said revenue in its fiscal year ended June 30 rose 4.6 percent from a year earlier to 5.55 billion yuan (US$770 million). Net profit increased 5.3 percent to 893 million yuan, or 1.74 yuan a share. Gross profit margin fell slightly to 65.6 percent. In an outlook statement, the company said the Chinese mainland, its major market, continues to show a resilient economy, with stabilized consumer confidence. The Hong Kong-listed company, which has ranked in the world's Top 10 fashion brands for customer loyalty, sells apparel mainly to distributors but also in 2,117 global outlets and online. | |
| 来源: Shanghai Daily |
日本首相辞职
2025-09-08
| Japanese Prime Minister Shigeru Ishiba resigned ahead of an expected leadership vote in his Liberal Democratic Party that he was likely to lose. He said he will stay on until a successor is named. His departure, just shy of a year in office, has been the subject of speculation since his ruling coalition lost its upper house majority in July elections. Support for Ishiba has also eroded since his government signed a US trade deal in August that left 15 percent tariffs on Japanese imports. | |
| 来源: Shanghai Daily |
