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 …
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China’s fiscal revenue falls 0.6% in January-November
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 …
Chinese Toy Maker Bloks Plans Hong Kong IPO
Shanghai-based Bloks started as a maker of brick-based toys and entered the assembly character toy market in 2022. It is China’s largest player in the assembly character toy segment, according to a …
How China Might Get Around the U.S. Ban on Imports Made With Forced Labor
Can China use Canada and Mexico as a way to get around the U.S. ban on imports of Chinese goods from Xinxiang Province?
Asia-Pacific markets retreat as traders digest China data, await central bank decisions
Asia-Pacific markets slipped on Monday, reversing earlier gains as investors weighed key economic data from China and anticipated major central bank decisions, including those from the Bank of Japan …
Bitcoin blasts past $106,000 on Trump’s pro-crypto stance
Bitcoin has surged more than 50 per cent since the November 5 election that saw Trump elected along with many other pro-crypto candidates. The total value of the cryptocurrency market has almost …
Where Did the Luxury Consumers Go? It’s Been a Bad Year for Big Brands
Chinese consumers have fallen out of love with luxury, and shoppers around the world are wondering why prices are so high. This might be remembered as the year luxury consumers thumbed their nose at …
China’s economy logs a lackluster performance in November as retail sales slow
China has reported its economy logged a mixed performance in November, with retail sales slowing as consumers refrained from spending on non-essentials like cosmetics, alcohol and jewelry.
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