Alibaba Group Holding, Kuaishou Technology, and other major Chinese consumer companies have failed to meet revenue targets, “upsetting expectations for a market recovery to take hold,” the Financial Times reported.
314 search results for: SPOTLIGHT ON CHINA
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SPOTLIGHT: CHINA’S ECONOMIC CRISIS
Various economic data released last week by China’s National Bureau of Statistics shows few bright spots, despite an array of government measures implemented in recent months to energize spending and investment.
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SPOTLIGHT: CHINA’S ECONOMIC DISTRESS: IS CHINA’S EXPORT BOOM TAPERING OFF?
In July, the value of China’s exports in dollar terms rose 7 percent, year on year, lower than June’s 8.6-percent increase and missing analysts’ forecasts of a 9.7-percent jump.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
After slowing steadily for months, China’s factory production actually contracted in July, according to the Caixin S&P Global purchasing managers index (PMI).
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The Chinese Communist Party published a list of 60 policy goals after its meeting last week. The goals were broad, such as improving the business environment and focusing on cutting-edge industries, but included no details of how the goals would be met.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s manufacturing sector weakened further in June, with the National Bureau of Statistics’ purchasing managers index (PMI) remaining flat from May at 49.5, equaling analysts’ forecasts in a Reuters poll.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The People’s Bank of China is reducing the availability of money to lend, bank governor Pan Gongsheng said in a speech last week at a Shanghai financial conference.
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SPOTLIGHT: CHINA’S ECONOMY
In May, China’s manufacturing momentum slowed but retail sales jumped more than 50 percent for the month due to a splurge over the May festival week. The property crisis showed no signs of recovery despite Beijing’s recent attempts to revive it.
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SPOTLIGHT: CHINA’S ECONOMY
China’s exports grew by 7.6 percent in dollar value in May, year on year, beating analysts’ forecasts of 6-percent growth. The figure was better than in any month since April 2023.
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SPOTLIGHT: CHINA’S ECONOMIC MALAISE
China’s economy will grow by 5 percent this year, the International Monetary Fund (IMF) has forecast, raising its outlook from 4.6 percent. It also upgraded its 2025 expectation from 4.1 percent to 4.5.