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CNN —At least 21 people are dead and six others missing after a flash flood and landslide following torrential rains in the outskirts of northwestern China’s Xi’an city, local authorities said Sunday. Parts of China have seen record high temperatures and deadly flooding in recent weeks, with experts linking extreme weather around the world to climate change. Flooding killed at least 29 people in Hebei province and 33 in the capital Beijing, according to local authorities. Another 14 people were reported dead in the city of Shulan in Jilin province, as the rains moved northward, inundating farmlands in the country’s grain-producing area. Seven people were taking shelter from heavy rains at the house when it collapsed, according to China National Radio.

Persons: ” Organizations: CNN, Emergency Management, Xinhua, Restaurants, Authorities, China National Radio Locations: China’s Xi’an, Xi’an, China, Weiziping, Hebei province, Beijing, Shulan, Jilin province, Hebei, Hunan province, Leyu, Hengnan county

☆ China's July economic losses from disasters exceed January-June
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

August, when rainfall usually peaks and summer temperatures soar, is set for further economic impact from floods and heatwaves. Rainfall in northeastern provinces could be as much as 50% higher than normal in August, China's national forecaster have warned. In the northern province of Hebei, over 1.2 million people had been evacuated as of Wednesday due to flooding caused by residual rains from Doksuri. China's top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing and Hebei. The finance and water resources ministries separately on Friday also offered 450 million yuan to support the overall recovery effort.

Persons: Talim, Ryan Woo, William Mallard Organizations: cnsphoto, REUTERS, Ministry of Emergency Management, Thomson Locations: Beihai, Guangxi Zhuang Autonomous Region, China, BEIJING, Beijing, Hebei, Doksuri, Tianjin

REUTERS/Guglielmo Mangiapane/File PhotoSummaryCompanies Breaks previous record set in July 2019, by 0.2CHeatwaves searing Europe, North America and ChinaEarth may not have been this hot in 120,000 years - studyJuly 27 (Reuters) - July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world's hottest month on record. Short of a mini-Ice Age over the next days, July 2023 will shatter records across the board," Guterres said in New York. It is statistically robust," said Piers Forster, a climate scientist at Leeds University in Britain. July is traditionally the hottest month of the year, and the EU said it did not project August would surpass the record set this month. However, scientists expect 2023 or 2024 will end up as the hottest year in the record books, surpassing 2016.

Persons: Guglielmo Mangiapane, 0.2C, António Guterres, Guterres, Karsten Haustein, Michael Mann, Haustein, Piers Forster, Friederike Otto, El Nino, “, Gloria Dickie, Ali Withers, David Stanway, Mark Heinrich, Alison Williams Organizations: REUTERS, Meteorological Organization, WMO, Germany's Leipzig University, University of Pennsylvania, Southern, Leeds University, Grantham Institute, El Nino, El, Thomson Locations: Italy, Rome, Europe, North America, China, New York, Rhodes, U.S, Leipzig, Britain, U.S ., California, France, Spain, Germany, Poland, Sicily, Florida, Australia, South Korea, Japan, India, Pakistan, London, Pacific, EU, London , Ontario, Copenhagen, Singapore

☆ Dangerous US heat wave pushes eastward, capping globe's record July
▼ + stars: | 2023-07-27 | by ( Brendan O'Brien | ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeCHICAGO, July 27 (Reuters) - An intensifying heat wave descended on the eastern United States on Thursday, prompting warnings about the dangers presented by the sweltering heat and humidity in the final days of a record-smashing July around the world. The nation's capital was expected to see the heat index, a measure of what the temperature feels like to the human body, reach 107 degrees F (41.7 C). The heat index could reach 103 degrees F (39.4 C) on Friday in the most populous U.S. city. June 2023 was the hottest on record in the United States, dating back to 1850. It also was the 47th consecutive June and the 532nd consecutive month with temperatures above the 20th-century average, according to the weather service.

Persons: Mike Blake CHICAGO, Muriel Bowser, Ashwin Vasan, Brendan O'Brien, Rosalba O'Brien Organizations: Cardiff State Beach, REUTERS, National Weather Service, Washington D.C, Washington, Twitter, Germany's Leipzig University, Union, U.S, Thomson Locations: Encinitas , California, U.S, United States, New York City, Washington, Philadelphia, York City, Greece, China, Phoenix , Arizona, Chicago

☆ China is drilling some of the world’s deepest holes in hunt for natural resources
▼ + stars: | 2023-07-21 | by ( Chris Lau | ) edition.cnn.com time to read: +4 min

The hole will eventually reach 10,520 meters (34,514 feet) into the ground at the Sichuan Basin in southwest China, according to state-run news agency Xinhua. The region is a major area for gas production and engineers expected to find a natural gas reserve there, the report said. These ultradeep holes stretch greater than Mount Everest measuring from top to bottom, which is about 8,800 meters (28,871 feet) tall. Drilling deep allows scientists to learn more about how the Earth was formed with the crust acting like a geological timeline of or world’s formation. China, the world’s second largest economy and the world’s biggest carbon emitter, has huge energy needs.

Persons: Chen Lili, ”, Xi Jinping, John Kerry, Xi, – Organizations: Hong Kong CNN, Xinhua, China National Petroleum Corporation, Sinopec Corp, Reuters, Kerry Locations: Hong Kong, Sichuan, China, Tarim, China’s, Xinjiang, Russia, Soviet, Xinhua, Beijing

☆ Europe weather: Second heat wave in a week brings soaring temperatures and raging fires
▼ + stars: | 2023-07-17 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

In Italy, which has been particularly hard hit, temperatures in many cities are expected to soar above 40 degrees Celsius (104 Fahrenheit). In Spain, temperatures in the cities of Seville, Cordoba and Granada have reached 40 degrees Celsius. Even the normally cooler region of Navarra in the north of the country is experiencing up to 40 degrees Celsius. Firefighters have controlled the fire and it’s not yet clear if the region’s high temperatures played any role. While in the US, California’s Death Valley reached nearly 52 degrees Celsius (125.6) on Sunday.

Persons: Gregorio Borgia, Tiziana Fabi, Andres Gutierrez, EIRIF Handout, Catania, Niño, ” Christopher Hewitt Organizations: CNN, European Space Agency, ESA, Getty, La Palma, Anadolu Agency, Reuters, Firefighters, World Meteorological, WMO Locations: Europe, Italy, Spain, Greece, North Africa, Rome, Florence, Popolo, AFP, Athens, Seville, Cordoba, Granada, Navarra, La, Spain’s Canary, La Palma, Canary Islands, Tijarafe, Tenerife, Peloponnese, Catania, Sicily, China

CNN —Rescue workers pulled seven bodies from vehicles trapped in a flooded underpass in central South Korea, authorities said Sunday, after days of torrential rain caused landslides and flash floods that have killed at least 33 people. The rescue operation was ongoing Sunday morning, with 10 people reported missing while authorities worked to identify the bodies, according to South Korean Ministry of the Interior and Safety. The search and rescue operation at the underpass continued on Sunday, in Cheongju, South Korea, on July 16. Dozens of people have died in South Korea in recent days as torrential monsoon rains triggered flooding and landslides across the country. The latest round of heavy rains in South Korea come just days after devastating floods wreaked havoc in neighboring Japan, killing at least six people and injuring 19.

Persons: Seo Jeong, il, Seo, Kim Hong, ”, Han Duck Organizations: CNN — Rescue, South Korean Ministry of, Safety, Rescue, Ministry of, Yonhap News Agency, Korean, South Korean Locations: South Korea, North Chungcheong, Cheongju, East Asia, Japan, China, Chongqing

Hong Kong CNN —Seven people have died and thousands have evacuated their homes in South Korea due to heavy rain. Three others were missing, the country’s Yonhap News Agency reported Saturday, citing the Central Disaster and Safety Countermeasure Headquarters. Across South Korea, more than 1,000 people were forced to evacuate their homes and seek temporary shelter on Saturday, Yonhap reported. Prime Minister Han Duck-soo ordered authorities to evacuate those in landslide-prone regions and to carry out rescue efforts, according to the South Korean news agency. Last year, the South Korean capital Seoul logged record downpours that inundated homes, roads and subways, killing at least nine people.

Persons: Yonhap, Han Duck Organizations: Hong Kong CNN, Yonhap News Agency, Central Disaster, Safety, South Korean Locations: Hong Kong, South Korea, Nonsan, South Chungcheong Province, Seoul, East Asia, Japan, Fukuoka, Oita prefectures, Kyushu, China, Chongqing

☆ China beats rivals to successfully launch first methane-liquid rocket
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 12 (Reuters) - A private Chinese company launched into orbit on Wednesday the world's first methane-liquid oxygen rocket, beating U.S. rivals in sending what could become the next generation of launch vehicles into space. The Zhuque-2 carrier rocket blasted off at 9 a.m. (0100 GMT) from the Jiuquan Satellite Launch Center in northwest China and completed its flight according to plan, state media reported. It was the second attempt by Beijing-based LandSpace, one of the earliest firms in China's commercial launch sector, to launch the Zhuque-2. LandSpace also became the second private Chinese company to launch a liquid-propellent rocket. In April, Beijing Tianbing Technology successfully launched a kerosene-oxygen rocket, taking another step towards developing rockets that can be re-fuelled and reused.

Persons: Elon Musk's, Jeff Bezos, LandSpace, Ryan Woo, Robert Birsel Organizations: U.S, Elon, Elon Musk's SpaceX, Beijing Tianbing Technology, Thomson Locations: BEIJING, China, Beijing, U.S

☆ Factbox: China's major germanium and gallium producers
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

China produces around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike. YUNNAN GERMANIUM, AN ESTABLISHED PRODUCERHeadquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. (002428.SZ) extracts germanium from its own germanium mines and germanium-containing lignite coal mines. It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells. CHINALCO, A MAJOR GALLIUM PRODUCERState aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces. It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.

Persons: Duan Xiangdong, Hope, Zhuzhou, Dominique Patton, David Evans Organizations: . Ltd, Aluminum Corporation of China, Zhuhai Fangyuan, Xing'an, Gallium, AXT Inc, Beijing, Thomson Locations: BEIJING, China, YUNNAN, China's Yunnan, Yunnan, China's Henan, Guangxi, Guizhou, Shanghai, Zhuzhou, China's Hunan, Zhuhai, Guangdong, Shanxi, Nanjing, U.S, Beijing

CNN —Torrential downpours and flooding have killed at least 15 people and four others remain missing in Chongqing, southwest China, state-run news agency Xinhua reported Wednesday, citing local authorities. More than 85,000 Sichuan residents have been displaced, state-run broadcaster CCTV reported Tuesday. At least 400 emergency teams have been dispatched to help rescue and relief operations in the area, according to state media. Chinese leader Xi Jinping has ordered authorities to “give top priority” to keeping residents safe and minimizing losses, according to Xinhua. This summer has already seen heavy rain, with four people killed and three missing in Sichuan last week after landslides triggered by rainstorms and flash floods, Xinhua reported.

Persons: Xi Jinping, “, ” Organizations: CNN, Xinhua, China’s Ministry of Emergency Management, National Climate Center Locations: Chongqing, China, floodwater, China’s, Sichuan, Xinhua, Henan, Northern China

☆ Blast at BBQ shop in northwest China kills 31
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

BEIJING, June 22 (Reuters) - A gas explosion at a barbecue restaurant on Wednesday night in China's northwestern Ningxia region killed 31, according to state-run Xinhua news agency, prompting President Xi Jinping to order stronger safety checks. The blast in Yinchuan, capital of Ningxia region, was caused by a leaking liquefied petroleum gas tank at the restaurant, Xinhua reported on Thursday. Xi told authorities to go all out to treat the wounded, and said safety supervision in key industries and sectors should be strengthened, China state television reported. Accidents due to gas and chemical blasts are not uncommon in China despite years of attempts to improve safety. Reporting by Ryan Woo; Editing by Jacqueline Wong and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, Xi, Ryan Woo, Jacqueline Wong, Tom Hogue Organizations: Xinhua, Thomson Locations: BEIJING, China's, Ningxia, Yinchuan, China, Tianjin

☆ As climate change hits, China weighs new water megaprojects
▼ + stars: | 2023-06-13 | by ( David Stanway | ) www.reuters.com time to read: +5 min

"What they have been doing so far is using engineering solutions to try to physically supply water and fix their water problem," said Mark Wang, a geographer at Melbourne University who studies the impact of China's water infrastructure. "If China can reduce water use and increase efficiency, it doesn't need mega-diversion projects." Total investment in fixed water assets exceeded 1.1 trillion yuan ($154 billion) last year, up 44% compared with 2021, analysts said. It rose 15.6% to 407 billion yuan in the first quarter of 2023 and officials say even more funding will be made available. 'CHAIN REACTIONS'Part of the new plan involves the expansion of the South-North Water Diversion Project (SNWDP), an ambitious engineering project that diverts surplus Yangtze River water to the arid Yellow River basin in the north.

Persons: Li Guoying, Mark Wang, Wang, Genevieve Donnellon, Gorges, David Stanway, Gerry Doyle Organizations: of Water, Melbourne University, China's Ministry of Water Resources, Oxford Global Society, Diversion, Thomson Locations: China, SINGAPORE, Sichuan, Liangshan County, Poyang Lake, Tibet, India

☆ Three die, farmland and trees damaged as storms sweep across China
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 11 (Reuters) - Three people died in eastern China after strong winds toppled a shipyard crane, authorities said on Sunday, as storms caused damage across the country, including large swaths of farmland. In Nanjing, the capital of Jiangsu province in eastern China, large trees were felled on Saturday, crushing vehicles and blocking roads, local media reported. The measures include 275 million yuan for prizes to family farms and cooperatives to encourage high yield, CCTV reported. On Friday, heavy rain hit parts of southwest China, including Guangxi, engulfing roads and partially submerging buildings. ($1 = 7.1273 Chinese yuan renminbi)Reporting by Ellen Zhang and Martin Quin Pollard; William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Hailstorms, Ellen Zhang, Martin Quin Pollard, William Mallard Organizations: Twitter, CCTV, Liaoning Meteorological Service Centre, Thomson Locations: BEIJING, China, Wuhu, Nanjing, Jiangsu, Liaoning, Wafangdian, Henan, Guangxi, rainstorms, Guangdong, Hainan, Hubei, Guangzhou

☆ Heavy 'dragon boat water' rains hit southwest China, some cities flooded
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

BEIJING, June 9 (Reuters) - Non-stop heavy rains lashed parts of southwest China on Friday, triggering floods in cities, engulfing roads and partially submerging buildings. A particularly harsh first bout of summer rains known locally as "dragon boat water" saw the city of Beihai in Guangxi log 453 millimetres on Thursday. Rain is forecast to continue in southern China over the coming days while the northeast is also expected to be hit by sudden thunderstorms, the weather bureau reported. China, prone to floods, is increasingly warning of more extreme weather due to climate change. The central province of Henan, the granary of China, was recently struck by heavy rainfall that caused crops to sprout or be hit by blight, triggering concerns about food security.

Persons: Ella Cao, Ryan Woo, Edwina Gibbs Organizations: China Meteorological Administration, Thomson Locations: BEIJING, China, Beihai, Guangxi, Yulin, Henan

☆ An albino giant panda thought to be the only one in the world was filmed in the wild in China — take a look
▼ + stars: | 2023-06-04 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +2 min

An all-white giant panda was spotted in China's Wolong National Nature Reserve. It is thought to be the only albino giant panda in the world. Footage captured at the Wolong National Nature Reserve in Sichuan Province shows the panda with a female panda and a cub, per China Xinhua News. It is believed to be the only albino giant panda in the world, according to South China Morning Post. The panda in Wolong National Nature Reserve, Sichuan province, southwest China.

Persons: —, Li Sheng Organizations: Nature Reserve, Service, China Xinhua, China Morning Post, Nature, ABC, Peking University Locations: Sichuan Province, China, Sichuan, ABC Australia

☆ 'Relentless' heatwaves scorch southern China, test power grids
▼ + stars: | 2023-06-02 | by ( Ryan Woo | ) www.reuters.com time to read: +3 min

[1/3] Workers of grid operator China Southern Power Grid inspect power cables connecting transmission towers in Dongguan, Guangdong province, China May 29, 2018. REUTERS/Stringer/File PhotoBEIJING, June 2 (Reuters) - Having sweltered through May, southern and eastern China face more weeks of unrelenting heatwaves, putting power grids under strain as demand for air-conditioning soars in mega-cities like Shanghai. Like many parts of Asia, China has been besieged by extreme hot weather in recent weeks ahead of summer proper in the northern hemisphere. But how they are occurring - it's just been week on week on week of these records being shattered. Powerful convection weather has also wreaked havoc in central China in recent weeks, with protracted downpours and even hail devastating the country's ongoing wheat harvest.

Persons: Stringer, I'm, Sarah Perkins, Kirkpatrick, Gao Rong, Ryan Woo, Qiaoyi Li, David Stanway, Michael Perry, Simon Cameron, Moore Organizations: China Southern Power Grid, REUTERS, University of New, National Climate Centre, Thomson Locations: Dongguan, Guangdong province, China, BEIJING, Shanghai, Asia, Provinces, University of New South Wales, Guangdong, Hainan, Guangxi, Yunnan, Guizhou, Sichuan, Henan, Beijing, Singapore

In the next three days, most of southern China is expected to suffer temperatures of more than 35 Celsius (95 Fahrenheit), with temperatures in some areas exceeding 40C, national forecasters said on Friday. Extreme hot weather beset China, like many part of Asia in recent weeks, even before summer arrived. But how they are occurring - it's just been week on week on week of these records being shattered," said Sarah Perkins-Kirkpatrick, a climate scientist with the University of New South Wales. ELECTRICITY DEMANDDemand for electricity in southern manufacturing hubs, including Guangdong, has surged in recent days, with China Southern Power Grid, one of the country's two grid operators, seeing peak power load exceeding 200 million kilowatts - weeks earlier than normal and close to historical highs. Powerful convection weather has also wreaked havoc in central China in recent weeks, with protracted downpours and even hail devastating the country's ongoing wheat harvest.

Persons: David Kirton, we've, Zhao, Yang, haven't, heatstroke, I'm, Sarah Perkins, Kirkpatrick, Mei, Gao Rong, Ryan Woo, Qiaoyi Li, David Stanway, Michael Perry, Simon Cameron, Moore Organizations: heatwave, REUTERS, Reuters, University of New, China Southern Power Grid, National Climate Centre, Thomson Locations: Shenzhen, Guangdong province, China, BEIJING, Shanghai, Asia, University of New South Wales, Guangdong, Hainan, Guangxi, Yunnan, Guizhou, Sichuan, Henan, Beijing, Singapore

☆ China launches Shenzhou-16 mission to Chinese space station - state media
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

China Daily via REUTERSBEIJING, May 30 (Reuters) - China sent three astronauts to its now fully operational space station as part of crew rotation on Tuesday in the fifth manned mission to the Chinese space outpost since 2021, state media reported. The astronauts on Shenzhou-16 will replace the three-member crew of the Shenzhou-15, who arrived at the space station late in November. China has already announced plans to expand its permanently inhabited space outpost, with the next module slated to dock with the current T-shaped space station to create a cross-shaped structure. Leading the Shenzhou-16 mission was Jing Haipeng, 56, a senior spacecraft pilot from China's first batch of astronaut trainees in the late 1990s. Also by the end of 2023, China is due to a launch space telescope the size of a large bus.

☆ Chinese police arrest man who allegedly used ChatGPT to spread fake news in first case of its kind
▼ + stars: | 2023-05-09 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

This photo illustration shows the ChatGPT logo at an office in Washington, DC, on March 15, 2023. Chinese police arrested a man they allege used ChatGPT to create a fake news article about a train crash, in what appears to be the first case of enforcement action being taken in China under an unprecedented law related to artificial intelligence. The case highlights Chinese authorities' push to regulate and control uses of AI as the technology gets more advanced. Hong allegedly used ChatGPT to create slightly different versions of the fake news article to pass duplication checks on the Baidu-owned platform. For example, users can ask ChatGPT to come up with a story based on specific instructions.

☆ Mystery Chinese spacecraft returns to Earth after 276 days
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

BEIJING, May 8 (Reuters) - An experimental Chinese spacecraft returned to Earth on Monday after staying in orbit for 276 days, China's state media reported, completing a landmark mission to test the country's reusable space technologies. The uncrewed spacecraft returned to the Jiuquan launch centre in northwest China on Monday as scheduled, according to state media. The test marks an "important" breakthrough in China's research into reusable spacecraft technology that will provide a more convenient and inexpensive way to mount future space missions, state media reported. It landed on Earth "horizontally," according to China's main space contractor at the time. The uncrewed and reusable X-37B returned to Earth in November last year in its sixth and latest mission, after more than 900 days in orbit.

☆ China lands its secretive space plane after 9 months in orbit
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

China landed its mysterious reusable space plane after nine months in Earth's orbit. The space plane launched from the Jiuquan Satellite Launch Center in August 2022. The nine-month mission was the longest yet for the new space plane. In the absence of photos or details from China, multiple news outlets have suggested that the Chinese space plane may resemble the X-37B space plane developed by Boeing for the US military. Adam Shanks/US Space ForceThe Chinese space plane took off from the Jiuquan Satellite Launch Center in August 2022 and in October mysteriously ejected something into orbit, according to Space.com.

☆ A mysterious new Chinese military blimp was spotted by a satellite in a desert military base
▼ + stars: | 2023-05-02 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

BlackSky, a US satellite firm, recorded footage of a mysterious Chinese blimp. The 100 foot blimp was hovering over a remote military base in northwest China. It was pictured shortly before the US shot down a Chinese spy balloon. They show a blimp, believed to be around 100 feet long, over the runway of a military base in Xinjiang Province, northeastern China. Aerospace experts who analysed the images for CNN said they showed a runway and other features indicating that the base was capable of launching airships.

☆ China may have to bail out one of its poorest provinces
▼ + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.

☆ From hotpot to bubble tea, BOFA says China may be seeing signs of consumption recovery
▼ + stars: | 2023-04-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Signs of recovery may be emerging in China's luxury and consumer discretionary goods sectors, said an analyst from Bank of America, even as China released data showing consumer inflation at an 18-month low. "In terms of luxury high-end [consumption] — we're seeing quite strong recovery," said the bank's chief China equity strategist Winnie Wu. "On the lower end, the bubble tea, the Shabu Shabu, those hotpots — we're seeing good recovery." China's luxury market fell 10% in 2022, declining for the first time in five years, according to Bain & Company. Wu, however, maintained that a good overall recovery across China's consumer sector has yet to be seen.

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