Starbucks’ China revenue fell 7% last quarter, as Chinese shoppers turned to more affordable drinks sold from local chains like Luckin Coffee.
Monthly Archives For December 2024
‘Disruptive behaviour’: Popular Beijing tourist spots move to ban commercial photographers
Unhappy visitors have long complained about pro photographers carrying around bulky equipment and marking off areas to stage commercial shoots.
Amid rising China-Taiwan tension, Beijing sends team to Taipei for pacts on healthcare, red panda
Deputy head of Shanghai’s Taiwan Affairs Office Li Xiaodong and Shanghai Vice Mayor Hua Yuan arrived in Taipei on Monday for an annual forum hosted this year by the Taipei City government, which is le…
Chinese telecom operators undergoing transformation amid AI revolution
Chinese telecom operators are undergoing a transformation amid the AI revolution, reshaping customer service through artificial intelligence-driven innovations in public management, customer service …
US-China tech war will hold Asian allies hostage
China will turn Washington’s technology weapons on its Asian neighbours in 2025. U.S. curbs on imports of semiconductors and other goods have hobbled advances in artificial intelligence in the world’s second-largest economy.
China’s Hypersonic Engine Puts U.S. on Notice in Aerospace Race
China has unveiled an engine design that could redefine hypersonic flight. The Ram Rotor Detonation Engine (RRDE) aims to propel aircraft beyond Mach 5—over 3,500 miles per hour—using a radical detonation-based technology.
China’s fiscal revenue falls 0.6% in January-November
China’s fiscal revenue in the first 11 months of 2024 fell 0.6% from a year earlier, narrowing from a 1.3% slide in the January-October period, the finance ministry data showed on Monday. Fiscal …
China’s crude oil imports rebounded in November, but so did storage flows
China’s crude oil imports in November hit a 14-month high, but much of the additional volume is likely to have ended up in storage as refinery processing remained subdued.
China to boost direct fiscal support to consumers
China will promote stable growth in household income in 2025 by stepping up direct fiscal support to consumers and boosting social security, the state-run Xinhua news agency said on Monday. China has …
China’s Jan-Nov government land sales revenue falls 22.4% y/y
Revenue from land sales by Chinese local governments dropped 22.4% year-on-year in the first eleven months of the year, finance ministry data showed on Monday.
China’s biggest shopping festival couldn’t convince consumers to spend more money
China retail sales came in well below forecast in November, when the country’s biggest shopping festival of the year took place.
Stock market today: Asian shares fall as China reports lackluster data, while bitcoin hits new highs
Shares have retreated in Asia after China reported lackluster economic indicators for November, while bitcoin surged to fresh highs, topping $106,000 …
China’s Instagram-like Xiaohongshu making inroads with e-commerce sales
Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more …
