China’s producer price index (PPI) rose 4.7% year-on-year in June, its highest rate this year, according to data from China’s National Bureau of Statistics, exceeding market expectations. The increase was driven by a low base and rising costs of oil imports, the report showed. The monthly change was 0.3%, slowing slightly from May’s 0.4% expansion. […]
Category: Consumer
EAST MEETS WEST
Today is the day the first round of US tariff changes with regard to China go into effect. China initially said they would act first, and then quite rightly decided to let the other side make the first trade war move. Beijing will now respond, and it goes where it is going to go from […]
Chinese bike-sharing platform Mobike has announced that users will no longer have to pay a RMB 299 ($45) deposit when they sign up to use the service, Reuters reports. The move is another sign that competition is increasing still further between the company and its rival Ofo. Mobike was recently acquired by tech giant Meituan-Dianping for $2.7 […]
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