DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
” - 1 Zhiwei Zhang - 1 ” Zhang - 1 Xi Jinping - 1 “ - 1 Zhaopeng Xing - 1
Top related locs:
Hong Kong China Beijing Hangzhou Liuzhou Bank of China
Top related orgs:
Hong Kong CNN - 1 National Bureau of Statistics - 1 PMI - 1 Nomura - 1 Authorities - 1 ANZ Research - 1 Bank of - 1

Search resuls for: "Liuzhou"


3 mentions found


☆ China PMI: Factory activity unexpectedly contracts in October as demand drops
  + stars: | 2023-10-31 | by ( Laura He | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —China’s massive manufacturing sector has contracted once again amid weak demand, fueling calls for stronger policy support to boost growth. Fewer working days in October due to the Golden Week holiday, which spanned September 29 to October 6, affected the manufacturing PMI, according to the NBS. “The unexpected decline of manufacturing PMI shows the recovery in China is a bumpy road as domestic demand is still quite weak,” said Zhiwei Zhang, president and chief economist for Pinpoint Asset Management. The NBS survey showed that new factory orders declined in October from the previous month, pointing to a drop in demand. Overall, “the weak PMI reinforces the case for stronger fiscal policy support,” Zhang said.
Persons: ”, Zhiwei Zhang, ” Zhang, Xi Jinping, “, Zhaopeng Xing Organizations: Hong Kong CNN, National Bureau of Statistics, PMI, Nomura, Authorities, ANZ Research, Bank of Locations: Hong Kong, China, Beijing, Hangzhou, Liuzhou, Bank of China
☆ China's May Day holiday spending exceeds pre-pandemic levels for the first time
  + stars: | 2023-05-04 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —Holiday spending during China’s Golden Week has surged past pre-pandemic levels for the first time in three years, in a sign the country’s travelers have fully emerged from the depths of Covid-related restrictions and are eager to live large to make up for lost time. Alipay, the country’s biggest digital payment app, reported a 200% increase in online holiday spending from a year earlier. “The fact that domestic tourism spending is now back to 2019 levels suggests that the reopening boost to consumer spending has largely run its course,” said Capital Economics analysts in a Thursday report. “The swift recovery in in-person services has been the major driver of China’s post-Covid recovery this year,” they said. However, “the lackluster property recovery, a global slowdown and rising geopolitical conflict remain major challenges for China’s recovery to be sustained.”
☆ General Motors' China business is hurting, and it's not just because of Covid
  + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com   time to read: +11 min
He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.
0 next >>
Total: 3