Italy’s Ferrero launches new products to Chinese consumers at CIIE

SHANGHAI, Nov. 8 (Xinhua) — Ferrero Group, the world’s third-largest confectionery manufacturer, launched two new products to Chinese consumers at the ongoing second China International Import Expo (CIIE) in Shanghai. The products are Kinder Happy Hippo, a biscuit product that Ferrero said marks its “breakthrough in the biscuit sector for the very first time in … Read more

Indian products need to be more “compatible” for greater access in China: Chinese official

India’s agriculture products, pharmaceuticals, handicrafts have advantages over products from other countries but due to lack of necessary understanding and cognition of the Chinese market, their way into China is not smooth, said ZHU Xiaohong, Counselor, Embassy of People’s Republic of China, said. She said that the India should focus more on the ‘4Cs’ – … Read more

Looking to replace Chinese imports, US turns to Indian products

NEW DELHI: Amid rising trade tensions, American importers of sports goods, toys, stationery, cables and electronics parts have reached out to Indian sellers of these goods as Chinese products become expensive due to the US-China trade war. The US is looking to replace Chinese exports with Indian products in at least seven product lines including vulcanised … Read more

Huawei presents security threat, has deep connections to Chinese intelligence service: Pompeo

WASHINGTON: Huawei is owned by the Chinese government, has deep connections to their intelligence services and presents a national security threat, US Secretary of State Mike Pompeo has cautioned, urging the countries to think twice before signing up with one the world’s biggest tech firms. Shenzhen-based Huawei has faced increasing headwinds in its push to make inroads in the … Read more

Chinese Producer Embeds Bitcoin Mining Chips In Household Appliances

Chinese electrical appliances manufacturer, the Midea Group, has filed a patent for a technique for mining Bitcoin using household products. The patent application was published earlier in 2017 by the State Intellectual Property Office (SIPO) of the People’s Republic of China. Based on the patent application, Midea plans to embed specialized mining chips inside its appliance products like … Read more