Vietnamese Lobsters Make a Splash in China Again；E-commerce Platforms in China Tackle Returnless Ref

Welcome to our 《Chinese Finance and Economy Briefing》 program! Today, we dive into the remarkable resurgence of Vietnamese lobsters in China, where imports skyrocketed by over 3,000% this year! Despite some economic challenges, affluent consumers are still craving high-end seafood, and Vietnam's lower shipping costs are making it the go-to source for lobsters in China.

In other news, China's e-commerce industry is facing a storm over returnless refund policies that have left sellers reeling. With platforms like Pinduoduo initially adopting these policies to build trust, many merchants are now feeling the pinch as refund requests surge. Taobao is stepping in to tweak its policies to find a balance between customer satisfaction and seller protection, but the debate continues!

Finally, US businesses are bracing for tighter trade restrictions on China, regardless of the upcoming presidential election outcomes. With a focus on military-related exports and critical technologies, uncertainty looms large as companies seek clarity in the ever-changing trade landscape. Please stay tuned for more detailed content!

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