Swatch Group AG’s shares fell the most in four years after sales and profit plunged amid a China-led slowdown for Swiss watchmakers and other luxury companies.
BUSINESS
China’s Economic Slump Sparks Concern: What’s Next?
China’s economy grew at a slower rate than expected in the second quarter of 2024, primarily due to a persistent property crisis and job insecurity. The growth slowdown has led to expectations that Beijing may…
China’s economy falters as property, consumer pain worsens
China’s Q2 GDP grows less than forecast Factory output, retail sales growth slows More policy support seen needed to keep growth on track China’s economy grew much slower than expected in the second quarter, as…
China Is Holding a Major Meeting on the Economy That You Can’t Watch
President Xi Jinping will preside over a conclave to draft a new economic program. The stakes are high, but expectations for big changes are modest.
Just 19 out of 137 Chinese EV brands to stay profitable by 2030 due to brutal price war – AlixPartners report
According to a report global consulting firm AlixPartners, just 19 of China’s 137 current electric vehicle (EV) brands stand to remain profitable by the end of 2030. The report, which was cited by …
Weekly news roundup: Chinese brands dominate domestic smartphone and TV markets; Taiwan fab toolmakers grab major orders
Weekly news roundup: Chinese brands dominate domestic smartphone and TV markets; Taiwan fab toolmakers grab major orders …
China’s economy slows in second quarter as weak consumer demand drags on growth
BANGKOK — China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and …
China’s Communist Party meets to set direction for troubled economy
After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy as it …
China Wraps Up First Case of Failed IPO Candidate Suing SZSE
(Yicai) July 10 — China has closed its first case of a company suing the … The court did not disclose the name of the IPO-hopeful. The company had been dissatisfied with a decision of…
China Selling T-Shirts After Donald Trump Assassination Attempt
The former president said a bullet pierced his right ear after the apparent attempt on his life in Pennsylvania on Saturday.
China’s exports top forecasts, imports fall on weak demand
China’s exports grew at their fastest in fifteen months in June, suggesting manufacturers are front-loading orders ahead of tariffs expected from a growing number of trade partners, while imports …
‘Incredible’: Elon Musk claims there are ‘far more’ smart, hardworking people in China than in the US — 2 easy ways to invest in the Asian giant
However, China’s rapid ascent is reshaping the global economic landscape. According to Tesla CEO Elon Musk, this formidable economic power from the east possesses a distinct advantage over the U.S.
China’s Economic Reforms: New Plans to Halt Slowdown
China’s Communist Party will unveil new economic reforms at its upcoming Plenum to address the country’s economic slowdown and revitalize growth.
