Economic developing countries news coverage

China opened an anti-subsidy probe into imported dairy products from the European Union on Wednesday, stepping up tension with the bloc a day after Brussels published its revised tariff plan for China-made electric vehicles.  The EU on Tuesday revised its proposed punitive duties on imports of Chinese EVs to 36.3% from an initial planned duty of 37.6%, […]

PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter said, as a regulatory investigation and an exodus of clients darken business prospects. Reuters says The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled […]

The European Union has raised tariffs on Chinese electric vehicles, as Brussels takes action to protect the bloc’s motor industry. BBC says. The new tariffs on individual manufactures range from 17.4% to 37.6%, which is on top of a 10% duty that was already in place for all electric cars imported from China. This could […]

European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. Reuters said While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own […]

Shein, which was valued at $66bn in its last fundraising, will file a confidential prospectus with the City regulator this month as it nears a blockbuster City listing. Sky news reported yesterday Shein, the online fashion behemoth, is on the verge of taking a huge stride towards a London flotation that would value it at […]