Shanghai brands reinvent themselves to lure young consumers
Shanghai brands are embracing the latest fashion, trends and technology as they try to win over mode
Stay updated with breaking news from Wang Jiangping. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shanghai brands are embracing the latest fashion, trends and technology as they try to win over mode
BEIJING: Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.
Profits in October rose 24.6% from a year earlier to 818.7 billion yuan ($128.1 billion), the official data showed, quickening from a 16.3% gain reported in September.
Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.
More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.