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 …
Tagged By business
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.
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.
Collections From China’s Famed Grottoes Move to Blockchain Database
China’s top archeology research institute launched a blockchain-based cultural heritage database Tuesday, claiming it to be a first-of-its-kind initiative in the country. The Dunhuang Academy, which …
China’s Protests Are New. The Investment Risks Are Not.
China ranks 150th out of 165 countries … Chile recently elected a new government, which generated concerns that its business-friendly environment would be dismantled, and Taiwan is under constant …
Covid fight hits China economy
China’s imports and exports shrank in November under pressure from weakening global demand and anti-coronavirus controls at home.
Sunshine’s US$824 million IPO a boost for Hong Kong even as Beijing insurer prices stock offering at lower end of range
Sunshine sells 1.15 billion shares at the bottom of the price range it marketed to investors International institutional investors show greater interest in the offering than local retail investors …
