Consumers will increase purchases of cosmetics and skincare, categories that saw prices decline in the first three quarters of the year, a report says Personal-care brands will be able to raise retail …
Monthly Archives For December 2022
Hong Kong Stocks Advance on China’s Relaxed Covid-19 Rules. Macau Casinos Surge.
Hong Kong-listed shares gained on Thursday after government authorities announced a 10-point plan to ease Covid-19 restrictions. The Hang Seng Index rose 3.4%. Sands China (ticker: 1928.HK), the developer of casinos in Macau and a…
China’s COVID easing seen knocking growth early next year before recovery kicks in
China’s shift from tough COVID policies, with its promise of driving an economic recovery next year, will instead likely depress growth over the next few months as infections surge, bringing a rebound …
Tech lay-offs in China extend into year-end as Bilibili and Weibo cut headcount in worsening economy
Video streaming platform Bilibili and Twitter-like microblogging service Weibo have cut hundreds of people from their workforce Across the country, joblessness is especially acute among youth, for …
Meet the entrepreneur who led China’s struggle for global chip dominance
Elements of this article are condensed from Chris Miller’s recent book, Chip War: The Fight for the World’s Most Critical Technology.
US stocks slip as China’s weak export data spark economic growth fears
US technology stocks slipped on Wednesday against a backdrop of concerns about global growth as investors weighed weak Chinese export data against hopes that Beijing will ease further strict Covid-19 …
Crypto’s Crash Has Been Swift But Largely Self Contained. Here’s Why.
Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided …
Crypto is ‘most mature’ in these 2 countries, new Huobi report reveals
At the other end of the spectrum, the countries with the lowest maturity score are China, Singapore and South Korea, with 5.9, 9.4 and 14.5, respectively. Crypto maturity scores by country (screenshot …
China’s Consumers Have a Ton Saved Up. They May Be Ready to Spend.
Urban Chinese households have been building up savings, and consumers are optimistic about China’s post-Covid economic recovery, according to a new report by McKinsey.
Why China Lifting Strict Covid Curbs Could Lead To A Catastrophic Surge
The transition out of zero Covid has been painful for any country that’s done it. And China faces some unique challenges in making this shift.
China’s Xi gets a warm welcome from MBS in Riyadh
Saudi Arabia’s Crown Prince Mohammed bin Salman welcomed Chinese President Xi Jinping with a lavish reception in the capital Riyadh on Thursday, as the two countries head for a number of summits …
Our 3 calls for China
The outlook for China’s economy next year will depend on when Covid measures are eased and international borders are reopened. Recession in the US …
The US must wake up to China’s success in the Western Hemisphere
China has been making its presence felt throughout the Western Hemisphere for many years. Beijing has strategically invested in infrastructure, mineral wealth, and oil. It has also developed a large …
