China fast-fashion retailer Temu blasts rival Shein over ‘exclusionary tactics’

HONG KONG (Reuters) -Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein’s “unlawful exclusionary tactics” since Temu’s U.S. launch in 2022, ramping up a feud between the fast-fashion competitors days after a lawsuit was filed. Temu, owned by PDD Holdings, filed a lawsuit accusing Shein of violating U.S. antitrust laws…

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China to make plans to stabilise growth of 10 sectors, including auto, steel

BEIJING (Reuters) – China will formulate plans to stabilise growth in 10 sectors, including auto and steel, Zhao Zhiguo, spokesperson for the Ministry of Industry and Information Technology, told a press conference in Beijing on Wednesday. China’s industrial sectors face difficulties and challenges such as insufficient demand and declining revenues, according to the ministry. (Reporting…

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