JD.com is extending its logistics services for use by consumers and businesses as the online retailer looks to take a share of China’s booming package-delivery industry, the Wall Street Journal reports. The move, announced Thursday, will give private individuals and businesses in Beijing, Shanghai and Guangzhou access to JD’s shipping capabilities for private mail. JD.com’s […]
Category: Consumer
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The likes of BMW, Volkswagen, and General Motors all appear to be suffering from ailing demand and trade war threats in the world’s largest auto market, reports Automotive News China. Volkswagen Group posted a 5.7% drop in deliveries in September – the fourth straight month of decline – with the VW brand performing particularly poorly. […]
Consumer price levels rose at a faster rate in September than the previous month, according to official data. China’s CPI rose 2.5% year-on-year, matching average market forecasts. This is two percentage points faster than in August, making September the fourth straight month of acceleration. Producer prices increased 3.6% y/y, slowing from 4.1% the previous month. […]
China’s auto sales contracted for the third consecutive month in September, the Wall Street Journal reports, as the world’s largest auto market skids towards its first annual decline in decades. Year-on-year sales dropped 11.6% to 2.39 million vehicles last month, according to the state-backed China Association of Automobile Manufacturers. Passenger cars fared particularly poorly, with […]