China

Aramco eyes bigger market share in Asia ahead of possible OPEC cut

Insights

26-Nov-18 Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output in 2019, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals. [image: Euronews]

Textile industry under pressure to detox fashion in China

Insights

21-Nov-18 China is the largest exporter of clothing, but the pollution from "Made in China" manufacturing doesn't leave the country. 42 percent of global dyes, additives and stabilisers usage is in China. [image: Wu Di / Greenpeace]

Saudi steel makers hit by foreign competition

Insights

13-Nov-18 Steel producers in Saudi Arabia are producing at half their output capacity due to foreign competition, with nearly 55% of domestic steel demand in Saudi met by imports, mostly from China. [image: Projects Mena]

American Express secures payments license in China

Insights

12-Nov-18 American Express has been granted preparatory approval from the People’s Bank of China for a clearing and settlement license in mainland China. Amex can begin building a network business to process domestic RMB transactions through its joint-venture in the country. [image: Beyond My Ken / Wikipedia]

Alibaba’s 11.11 global shopping festival records another record

Insights

11-Nov-18 Another year, another gross merchandise volume record for Alibaba’s 11.11 Global Shopping Festival. When the rolling counter stopped, 2018 gross merchandise volume was RMB213.5 bn (USD31 bn), 27% higher than 2017's RMB168.3 bn (USD24 bn). [image: Alizila]

Aramco eyes bigger market share in Asia ahead of possible OPEC cut

Textile industry under pressure to detox fashion in China

Saudi steel makers hit by foreign competition

American Express secures payments license in China

Alibaba’s 11.11 global shopping festival records another record

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