China's dramatic steps to contain the coronavirus this summer have taken a toll on consumer confidence in the country and are fueling concerns about the strength of the world's second largest economy.
Hong Kong China's dramatic steps to contain the coronavirus this summer have taken a toll on consumer confidence in the country and are fueling concerns about the strength of the world's second largest economy.
Retail sales struggled in August, increasing just 2.5% compared to a year earlier, according to government statistics released Wednesday. That was much weaker than expected and a dramatic slowdown from the 8.5% uptick recorded in July.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China rushes to contain 'school centered' Delta outbreak before major holiday seasonChinese authorities are rushing to contain a widening Delta variant outbreak in the southern province of Fujian ahead of its upcoming major holiday season, when hundreds of millions of people are expected to travel across the country -- creating a window for the highly infectious variant to spread far and wide.
Read more »
Delta Variant Triggers Covid-19 Surge In Southeastern China Including Popular Tourist HubI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018. Have a news tip? DMs are open on Twitter SiladityaRay or drop me an email at siladityaprotonmail.com.
Read more »
‘Ignore China at your peril’: Ad mogul Martin Sorrell on Beijing’s tech crackdownBritish businessman Martin Sorrell has warned that it's unwise for companies to completely ignore China despite the challenges that exist in the country.
Read more »
China Evergrande Hires Financial Advisers as Protests Erupt at Its OfficesChina Evergrande moved closer to a potential restructuring of its $89 billion debt burden by hiring outside advisers, while protests broke out at some of its offices.
Read more »
EXCLUSIVE China brokers drop yuan forecasts to avoid regulators' ireBrokerages in China have dropped detailed currency forecasts from their research notes, or have restricted access to them, underlining the growing sensitivity in the financial sector to a regulatory clampdown on speculative investment.
Read more »
China develops machines that can track data sent abroad by carsChina, the world's biggest vehicle market where regulators are implementing new rules on data protection, is developing machines that will be able to track data sent abroad by cars, a government-backed agency said on Tuesday.
Read more »