With parts of China in lockdown, brands need demand in the U.S. to stay high. But the less-wealthy shoppers who powered last year’s boom now have less cash to splash.
Monthly Archives For May 2022
China’s economy will return to normal soon: NDRC official
China’s economy will return to normal track soon as efficient COVID-19 control measures and pro-growth policies gradually produce intended effects, said Meng Wei, spokesperson for the National …
China Offers Property-Buying Perks to Families With Three Kids
Chinese cities are making it easier for families with more children to own multiple properties, as authorities struggle to revive the housing market and boost birth rates.
Analysis-China Faces Uphill Battle to Repeat 2020 Miracle as Exports Falter
That outlook contrasts sharply with 2020, when China’s economy roared back from its a deep pandemic-induced contraction, thanks to a combination of stimulus and surging exports as locked-in global …
Global Car Sales To Fall, Spooked By Russian Invasion, China’s Shutdown
shipping export to worldwide. Global car sales were supposed to rally this year as manufacturers dragged themselves out of the coronavirus mire, but a combination of Russia’s invasion of Ukraine, …
COMMENTARY: China ‘trade war’ tariffs
Inflation is rising, but 73% of American voters support higher prices on China goods. Yet, with Trump Derangement Syndrome as real as COVID, some members of Congress aren’t interested in …
Shanghai Hits Key ‘Zero-Covid’ Milestone But No Immediate End To Lockdown Despite Concerns About China’s Economy
All districts in the city have now reported zero Covid-19 cases outside quarantine areas for three or more days.
Beijing locks down more people in China’s ‘zero-COVID’ fight
Authorities in Beijing restricted more residents to their homes on Tuesday in a now 3-week-long effort to control a small but persistent COVID-19 outbreak in the Chinese capital. Seven adjoining areas …
China Mobile’s upcoming Nzone phone listed on TENAA with 10x optical zoom support
China’s largest carrier China Mobile is known for selling smartphones under a brand called Nzone. These devices are developed by Huawei. Hence, some of these handsets are rebadged or tweaked versions …
JPMorgan upgrades China’s tech sector, says it’s time to buy these stocks
Read more about China from CNBC Pro JPMorgan picks China stocks to play … The Hang Seng Tech index which tracks the largest Hong Kong-listed technology stocks has fallen more than 27% this year, as…
China to promote symbiosis of small, medium, large companies
BEIJING – China will boost the full integration of all spheres of small, medium-sized and large companies, including the industrial, supply and data chains, to promote symbiosis. The country aims to …
Highlights of China’s economic development in past decade
BEIJING – China has made milestone achievements in economic and social development in the past decade, with its status as the world’s second-largest economy cemented and improved, a senior official …
Tencent Music sets sombre tone for China tech
Tencent Music Entertainment has kicked off China tech’s earnings season on a jarring note. Quarterly sales slumped 15% year-on-year, to roughly $1 billion, thanks to the triple whammy of a slowing …
