618 shopping festival kicks off, boosting consumption recovery
The 618 shopping festival in China has officially launched, with major e-commerce platforms such as
Source: en.people.cn
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618 shopping festival kicks off, boosting consumption recovery
The 618 shopping festival in China has officially launched, with major e-commerce platforms such as Tmall, Pinduoduo and JD.com offering massive discounts and promotion. Sales of 59 brands surpassed 100 million yuan ($13.81 million), with 376 products reaching sales of more than 10 million yuan on Tmall within just four hours of the start of the event on the platform on Monday evening.
Source: globaltimes.cn
Chinese cities gear up to boost consumption during May Day holidays, further accelerating economic recovery
As the May Day holidays draw near, Chinese cities are buzzing with excitement as trade-in activities and consumption events are set to take center stage across the country, which will help boost the country’s recovery in consumption.
Source: globaltimes.cn
The sub-index for the service sector was 49.3 in November, down from 50.1 in October, as the impact of the Mid-Autumn Festival and National Day holidays weakened, said Zhao.
Source: en.gmw.cn
China's manufacturing PMI edges down in November, constrained by weak market demand
China's manufacturing activities eased in November as the sector has entered a traditionally lackluster season. Weak market demand, a major factor restraining the momentum of an economic recovery, continued to bite, analysts said. But with stimulus measures gradually taking effect, the manufacturing sector is expected to improve.
Source: globaltimes.cn