Growth in the world’s second-largest economy lost steam as more expensive raw materials weighed on factories, though retail sales showed signs of stabilizing.
Tag: Consumer Behavior
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Trump Merchandise Outsells Biden’s, China’s Factories Say
The measure is unscientific at best. But merchants say sales of the president’s campaign merchandise at a major wholesale market are outstripping Biden’s.
Crowds at the Beijing Auto Show Signal China’s Spenders are Back
Big crowds at places like the Beijing auto show are a sign of good news, but China needs its less affluent to spend more before its growth engine can return to full speed.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.
SARS Stung the Global Economy. The Coronavirus Is a Greater Menace.
In the nearly 20 years since SARS, China’s importance in the global economy has grown exponentially.
How China’s Coronavirus Outbreak Could Threaten the Global Economy
Markets have tumbled as investors worry that Chinese shoppers will stay home for the Lunar New Year holiday and beyond. Economists say the possible impact isn’t yet clear.
China’s Spenders Are Saving. That’s a Problem for Everyone.
Chinese consumers, a $4.9 trillion force, transformed the global economy. With their own economy slowing, they are pulling back.