A new report from China economy research firm China Beige Book argues that the country’s economy is actually doing better than official data would suggest, with key metrics such as retail sales and investment remaining strong despite a pessimistic outlook from the market. “The retail sector may be seeing a turn higher, with profit and […]
Category: Consumer
RETAIL REVOLUTION
Chinese Premier Li Keqiang welcomed his French counterpart in Beijing on Monday, to discuss topics including agricultural and industrial trade, market access and international free trade. Li told Edouard Philippe that China will restart importing beef from France, realising the end to an embargo placed on European produce two years ago during the mad cow […]
Chinese technology firm Meituan-Dianping is looking to achieve a $60 billion valuation in its upcoming initial public offering in Hong Kong, according to the Financial Times. If the company achieves this, it would one of the largest listings for a Chinese tech company for some time. The food delivery and listings company filed a draft prospectus […]
China’s financial markets are highly manipulated, it almost goes without saying. The RMB rate is set daily in Beijing, and is only indirectly related to market sentiment. The stock market, ditto. The sudden fall over the past week was perhaps sparked by fears of the impact from US-China trade issues, but that was not the […]