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.
Recent Posts
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 …
‘Zero Covid,’ Once Ubiquitous, Vanishes in China’s Messy Pivot
As China casts aside many Covid rules, it is also playing down the threat of the virus. The move could help ease the burden on hospitals but comes with its own risks.
China’s Xi at Saudi palace to meet royals on Mideast trip
Chinese leader Xi Jinping met on Thursday with Saudi Arabia’s king and the crown prince while on a visit to the kingdom, solidifying ties with a region crucial to his country’s energy supplies as …
China Nov passenger vehicle sales drop 9.5%, first fall in six months – CPCA
China’s passenger vehicle sales fell for the first time in six months in November and are expected to stay flat next year, an industry body said on Thursday, as demand weakens faster than expected, …
China’s Weilong Delicious to raise $130.6 million in Hong Kong IPO
Chinese snack maker Weilong Delicious Global Holdings is set to price its shares at HK$10.56 each in its Hong Kong initial public offering to raise $130.6 million, according to two sources with direct …
Jack Ma quits as head of leading China business group
We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Alibaba co-founder Jack Ma has stepped down as president of an important business group …
How Will China Turn its Economy Back On? The World is About to Find Out.
Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
China’s former CDC head predicts 90% of population could get COVID as Beijing eases restrictions: ’It’s going to be inevitable’
Experts are warning of a massive exit wave as Beijing abandons costly and unpopular COVID-zero measures, like lockdowns, isolation and mass testing.
China Mulls More Property Easing at Economic Meeting Next Week
Chinese authorities may further soften their stance on property policies at its key economic meeting next week after the Communist Party’s top decision-making body said it will seek a turnaround in …
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