China's Retail Spending Picks Up, as Housing Slump Deepens
Consumption is strengthening, but economists called for policy makers to do more to support the momentum
Source: wsj.com
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China's WM Motor Files For Bankruptcy, Seeks To Reorganize
Chinese EV brands are a dime a dozen, but WM Motor has faltered due to a variety of issues
Source: carscoops.com
* Chinese residents' fervor for travel and leisure over the Mid-Autumn Festival and National Day holiday has reflected the country's strong consumption demand.* During the eight-day holiday, Chinese people made 826 million domestic tourist trips, an increase of 71.3 percent from last year and 4.1 percent from 2019.
Source: en.gmw.cn
* Chinese residents' fervor for travel and leisure over the Mid-Autumn Festival and National Day holiday has reflected the country's strong consumption demand.* During the eight-day holiday, Chinese people made 826 million domestic tourist trips, an increase of 71.3 percent from last year and 4.1 percent from 2019.
Source: en.gmw.cn
Travelers board and get off a train at Jinhua Station in Jinhua, east China's Zhejiang Province, Oct. 5, 2023. A travel rush is on as the Mid-Autumn Festival and National Day holiday period is coming to an end.
Source: en.gmw.cn