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China's Economic Woes Mount With the Yuan Plunging to a 16-Year Low

The onshore yuan languishes around 7.32 per dollar, its weakest since 2007, even after the People's Bank of China intervened to curb the slump. ....

Terms Of Service , People Bank , Wall Street , Silicon Valley , Mi Exclusive , China Yuan , Hina Markets , Hina Markets And Economy , China Economy , Forex Analysis , Forex Strategy , China Pboc ,

China's Luckin sells 5.4 million Moutai alcohol-infused lattes in a day

Luckin Coffee said on Tuesday that it sold more than 5.42 million cups of the alcohol-infused latte it rolled out with Kweichow Moutai on the first day of its launch, setting a new sales record for the Chinese coffee chain. Luckin said sales of the single item on Monday topped 100 million yuan ($13.72 million). It far outsold the company's previous hits, such as a cheese latte that sold 1.31 million cups on its launch day, and a coconut cloud latte that sold 660,000 cups. ....

Kweichow Moutai , Sophie Yu , Brenda Goh , Jamie Freed , Luckin Coffee ,