Activity and spending data for July was released by China’s National Bureau of Statistics on Tuesday, showing growth in almost all sectors coming short of market expectations. Domestic demand came in particularly weak for the month. Fixed-asset investment grew just 3.0% year-on-year, dropping from June’s 5.7%, marking the slowest recorded monthly growth. Retail sales also […]
Category: Consumer
US grocery chain Kroger Co. has teamed up with Alibaba Group to sell its products on one of the Chinese e-commerce giant’s online platforms, the Wall Street Journal reports, giving Kroger its first taste of foreign markets. The supermarket will sell products from its Simple Truth line on Alibaba-owned Tmall Global, Kroger said on Tuesday. […]
China’s central bank outlined a number of risks and recommendations for the country’s booming e-commerce and delivery sectors in its quarterly monetary policy implementation report, Caixin reports, citing a saturated market and rising costs as potential headwinds. China’s online retail sales grew by 30.1% to Rmb 4.08 trillion ($595.8 billion) during the first half of […]
State media regulators have blocked sales of Tencent’s latest blockbuster video game just days after it went online, the Wall Street Journal reports, delivering a further blow to the internet giant’s ailing online game business. Regulators canceled the operating license of “Monster Hunter: World,” a game in which players navigate fantasy landscapes and battle with […]
Another week of escalating trade war, and further signs that China needs the West more than the West needs China. Wobbly currency and stock trends continued, and the “National Team,” for sure, has been burning money to keep numbers in psychologically acceptable territory. The RMB ended the week at around 6.85 to the USD, it […]