Shein has privately filed for a Hong Kong listing, FT reports
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
4 hours ago
- South China Morning Post
Trump admin restricts foreign ownership of US farmland amid China tensions
The Trump administration is tightening its grip on foreign ownership of farmland amid continuing concerns over Chinese investment in America's heartland. Advertisement The US Department of Agriculture will work with state lawmakers to end farmland purchases 'by nationals for countries of concern or other foreign adversaries', according to a press event on Tuesday. The USDA is also partnering with the US Treasury Department's Committee on Foreign Investment in the United States, or CFIUS, to review foreign purchases involving the farming industry. US farms are 'under threat from criminals, from political adversaries and from hostile regimes that understand our way of life as a profound and existential threat to themselves', Agriculture Secretary Brooke Rollins said at the event. Rollins said she is officially part of CFIUS as of Tuesday. US Agriculture Secretary Brooke Rollins peaks during a news conference to roll out the USDA'S National Farm Security Action Plan in Washington on Tuesday. Photo: AP The move comes as US-China tensions have reverberated across state and local politics in Middle America in recent years, sowing angst about Chinese investment.
South China Morning Post
5 hours ago
- South China Morning Post
Trump confirms August 1 deadline for tariffs on US trading partners with ‘no extensions'
President Donald Trump said on Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date. While Trump imposed a sweeping 10 per cent tariff on goods from almost all trading partners in April, higher rates customised to dozens of economies were unveiled, then halted until July 9. But the US president this week again delayed their reimposition, pushing it back to August 1. Trump insisted that there would be no further delay in the tariffs. 'There will be no change,' he posted on social media. He added that levies would start being paid on August 1, in line with letters now being sent out to trading partners. 'No extensions will be granted,' Trump said.
South China Morning Post
6 hours ago
- South China Morning Post
China steps up economic monitoring, looking to head off worst-case scenarios
Amid erratic US tariff threats and with the world economy in flux, China's top economic planner says that more economic monitoring and early-warning capabilities are needed. Advertisement The National Development and Reform Commission (NDRC) is soliciting studies to assess the impacts of US tariffs and to refine China's existing monitoring indicators 'in the context of global economic and trade order restructuring'. It also plans to evaluate how non-tariff barriers of various countries might impact China's economy, according to a notice published on its website in late June. From the central bank to the commerce ministry, China already employs a vast system to monitor its economic health. However, the NDRC's fresh push signals the desire for a more nuanced and forward-looking approach as it helps draft the country's 2026-2030 development blueprint. 'This might need to be of higher frequency and more capable of reflecting the real economy,' said Shao Yu, director of the Shanghai Institution for Finance and Development. Advertisement Shao expects that changes to the economic-monitoring system will help China better navigate the volatility and competition that he expects to intensify in the future. 'While existing systems might focus on indicators such as trade balances and financial market volatility, future systems will likely dive deeper into supply-chain security, technology, and monetary stability,' he said.
