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.
Tag: China
AMERICANS WANT THE U.S. TO STAY OUT OF FOREIGN CONFRONTATIONS
While Washington likes to think of the U.S. as the world’s only “indispensable nation,” Americans seem to be turning inward—and want the military to avoid possible confrontations in Ukraine and Taiwan.
CHINA RESTRICTS EXPORT OF KEY INDUSTRIAL MINERAL
Beginning 15 September, China will restrict export of antimony, the commerce ministry announced last week.
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.
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.
IN CHINA, EVS AND HYBRIDS OUTSELL INTERNAL COMBUSTION CARS
In July, for the first time, all-electric vehicles (EVs) and gas-electric hybrids outsold internal combustion cars.
U.S. SUPPORT FOR ISRAEL OPENS DOOR FOR CHINA INFLUENCE
The U.S. support for Israel’s genocide and increased aggression in the Middle East is alienating Washington and allowing China to exert more influence in the region.
TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINA’S SOLAR FARMS ARE CROWDING OUT CROPS
As part of its relentless obsession with building infrastructure, in 2023 China installed more solar panels than the U.S. has in its history—217 million kilowatts, more than half of all the solar capacity the world added last year.
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).
CHINA’S WEAK ECONOMY TANKS COMMODITIES MARKET
Persistent weak demand in China and an abundance of supplies have driven many investors and speculators out of the commodities market, dumping about $41 billion in long positions on the way out.