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Retail sales expanded at the fastest in eight months in October, according to figures published by the National Bureau of Statistics on Friday.
Price surges are creating a headache for President Putin as he tries to balance the Kremlin’s military ambitions with a desire for domestic...
Weaker domestic demand means China has been relying more on exports to boost economic growth.
Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990.
China is facing the longest period of deflation since the 1990s, with a broad measure of economy-wide prices falling for five straight quarters...
“The policy to support consumption sounds quite weak,” said Jacqueline Rong, chief China economist at BNP Paribas SA.
“We plan to sow 20 million hectares, like last year. But we are sowing practically in sand in the hope that it will rain.”
The U.S. and its allies are trying to find new sources of rare earth metals, used in phones and fighter jets, outside of China.
Measures of factory output, consumption and investment all slowed more than economists had forecast, while jobless rate unexpectedly rose to a...
While most brands struggle with sluggish demand, a select few consumer companies are delivering gains last seen during China's boom times.
Authorities detained Bao Fan, China Renaissance's founder, 17 months ago in an unspecified investigation amid a broader crackdown on the finance...
“We are definitely in deflation and probably going through the second stage of deflation.”
"We are now past Japan’s peak economic engagement with China."
Tiffany & Co., LVMH’s leading jewelry maker, is planning to downsize a flagship store of more than 12,000 square feet in Shanghai.
"Price indicators in the NBS manufacturing survey suggest deflationary pressures picked up significantly."
Chinese shoppers are now flocking to "pingti," high-quality copies of foreign brands.
But the ambitious goal might not happen until the end of the decade.
Xpeng could join other Chinese EV makers, including BYD and Chery, trying to use local production to minimize the effect of EU tariffs.
The seafood restaurant chain has tapped former PF Chang's CEO Damola Adamolekun as its new head.
“Competition is here to stay and is expected to intensify in our industry,” CEO told analysts. “High revenue growth is not sustainable.”
“It is absurd to claim that a platform or its owner are responsible for abuse of that platform,” Telegram said.
“Our force should be felt in various corners of Russia,” Andriy Yermak, the chief of staff to Ukrainian President Volodymyr Zelenskiy, said...
“I expect Walmart will be disappointed with the horse they backed,” said Mark Tanner, managing director at marketing agency China Skinny.
A shortage of elite school options has been a major pain point for younger wealthy families who’ve moved to South Florida to work at firms such as...
Black Myth: Wukong, based on the Chinese legend of the Monkey King, is surpassing records set by titles like Cyberpunk 2077 and Elden Ring.
The world’s two hottest days on record happened in July and 2024 is on track to be the warmest year ever.
The slowdown in the economy and rising geopolitical tensions has led some companies to reduce their exposure.
Maduro’s attack on social media platforms comes on the heels of a wave of repression by his regime against any resistance to his self-declared win...
The order comes months after a Hong Kong court approved a winding-up petition for the bankrupt property developer.
China’s government laid out its priorities to spur consumer spending as weak domestic demand continues to weigh on growth.
More than 500 electric robotaxis built by Baidu Inc. currently ply Wuhan's streets, with plans for an additional 1,000 to be deployed by year-end.
“Does this mean Trump is set to win?" one user asked as the "Biden exit" hashtag racked up 370 million views on Weibo by noon.
Those plans centered around shifting more revenue from the central to local coffers.
China’s largest EV maker BYD Co. is looking to set up one of the largest auto factories in Mexico.
Some Chinese citizens are branding the post-pandemic era “history’s garbage time”, referring to a game when a losing team has no chance of a...
The impending election may be leading some Americans to feel uncertain about the trajectory of the economy.
“Competition has been too fierce these past two years,” Jeff Pan, owner of a mid-sized copper processing plant, says.
After President Joe Biden’s catastrophic debate performance, Gavin Newsom has emerged among a handful of names being floated to replace him. In...
The Finance Ministry drafted a proposal to raise the divorce fee to 5,000 rubles ($58.75) from 650 rubles.
Top-earning finance workers are among the hardest hit by Chinese President Xi Jinping's push for a more equal distribution of wealth.
Activists have sought to blockade the main entrance since early June, and organizers say 200 people have been arrested.
Griffin was one of a handful of billionaires—including former President Donald Trump, Elon Musk and Jeff Bezos—impacted by one of the most...
The partnership will be a first for Target Plus, which has historically been a more selective platform for third-party vendors.
Xiaomi's Lei Jun and Nio's William Li are just some of the CEOs taking to Chinese social media to showcase their cars.
A postwar surge in crime may cost Russia as much as 0.6% of its gross-domestic product, according to Bloomberg Economics.
Sales of premium Huawei smartphones climbed 72% in the first five months of 2024, Huawei consumer business chairman Richard Yu said Friday.
China's real estate crisis is putting pressure on local governments to expand revenue, as land sale income plunges.
“What will not change is the continued strengthening of the yuan’s position in Russia."
On top of transferring production of Volvo’s EX30 and EX90 models to Belgium, the carmaker may also move assembly of some Volvo models bound for the...
Africa's wealth has diminished due to depreciating currencies and underperforming stock markets, according to investment consultancy Henley &...