Hunter Chan News Today

Domestic travel during the 8-day long holiday was only 4% above 2019 levels, and undershot official government forecasts.

The economy slowed at the end of 2022 as the Covid spread around the country, before beginning to pick up last month.

China's economy continued to slow in December as the massive Covid-19 outbreak spread across the country, with activity slumping as more people stay home to try and avoid getting sick or to recover.

The end of COVID zero in China is already having a significant impact on the economy with retail sales and travel data falling in December after an already subdued November.

The cost of shipping goods from China has slumped to the lowest level in more than two years as falling demand finally eases the congestion that had plagued global supply chains.

Oil prices are tumbling as markets see signs of weakening demand amid stronger supply. It’s good news for consumers, but a financial hit for oil-producing nations — and Alaska. Crude oil prices have fallen to their lowest level in more than six months, pulling down Alaska North Slope crude into the high $90s as of Tuesday’s close — a drop of nearly 25% from this year’s peak in

External demand likely stayed resilient in July, providing continued support for China’s economy after the record trade surplus in June.

Surging consumer inflation may have been the catalyst, but the unfolding crisis has been decades in the making. Click here to read more.

ASIA: China’s economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. Economic activity picked up in June after financial hub Shanghai lifted its lockdown, allowing businesses to restart and most residents to leave their homes. That can be seen in a rebound in small business confidence, which

ASX futures point to strong share market opening today, China's economy sees muted improvement in June, 30% of homes listed for auction last week withdrawn, + MORE.