retail sales

New Business

As China’s consumption picture changes, think tank argues, so must its policies

China’s policymakers must assess and accommodate a dramatic shift in consumption patterns to effectively incentivise spending – a task that…

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New Business

Alibaba’s long-awaited China stock link may provide timely boost

Chinese investors finally being able to buy shares of Alibaba Group Holding may provide a much-needed boost for the e-commerce…

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Tech

AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with…

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Tech

JD.com profit surges in second quarter after slashing prices, installing trade-in programme

Chinese online shopping giant JD.com reported a 92 per cent year-on-year jump in quarterly net income to 12.6 billion yuan…

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New Business

China’s consumption drive falls on deaf ears as consumers remain cautious, ask for more

China has also allocated around 300 billion yuan (US$42 billion) worth of ultra-long-term special government bonds to support industrial-equipment upgrades…

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New Business

Wharf REIC slips into losses as Hong Kong’s property rebound stalls, retail sales weaken

Wharf Real Estate Investment Company (REIC), one of Hong Kong’s biggest commercial landlords, slipped into a loss in the first…

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New Business

How can China’s ultra-long-term special government bonds get its economic gears turning?

Against the backdrop of weak economic growth and subdued domestic demand, around 300 billion yuan (US$41.3 billion) worth of ultra-long-term…

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New Business

More bumps on China’s road to 5% economic growth in 2024: 7 data takeaways

Quarter on quarter, China’s economy grew by 0.7 per cent in the second three months of the year, down from…

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New Business

China’s economy grew by 4.7% in second quarter, lower than expected amid pressures

China’s economic growth underperformed against market expectations in the second quarter. The world’s second-largest economy grew by 4.7 per cent…

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