A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve this year. Last year, the … Read more
A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Source: Bloomberg Bloomberg | Bloomberg | Getty Images Since the beginning … Read more
Traders work on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The S&P 500 rose slightly Wednesday following the latest in a series of encouraging economic data, as markets attempted to build on their momentum heading into year-end. The broader index gained 0.1%. At current levels, the … Read more
Chinese flag waving in front of Shanghai cityscape. Eternity in an Instant | Stone | Getty Images Consumers in China are hunting for bargains when they spend, the latest earnings from online retailers show. Chinese e-commerce giant PDD Holdings posted 94% growth in third-quarter revenue, far outpacing Alibaba‘s 9% growth during the same period. PDD, the … Read more
