The country’s urban pet population is set to hit over 70 million by the end of the decade, while the number of children under the age of four will dwindle to less than 40 million.
China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits
Chinese companies seeking growth from exports face a new challenge: a strengthening yuan.
CNBC Daily Open: Wall Street rebound fizzles out
Wall Street’s comeback attempt fizzles out. JPMorgan’s Jamie Dimon sees recession ahead. Warner Bros. sinks on $9.1 billion write-down.
Asia markets lower as Wall Street recovery stalls; investors assess Japan trade data
Japan’s current account figure for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.
Asia-Pacific markets extend gains as Wall Street rebounds; China trade data in focus
Traders in Asia will assess July trade balance data out of China, with economists expecting exports to grow 9.7% year-over-year and imports to grow 3.5% over the same period.
CNBC Daily Open: Correction may not be over yet
Dow snaps three-day losing streak; Super Micro sinks on earnings miss; X sues advertisers.
Consumer giants from Starbucks to General Mills have one big sales problem: China
A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market.
Japan stocks rebound as much as 10% after historic losses; other Asia markets also recover
The rebound follows a sharp sell-off in the U.S. with the Dow and the S&P 500 notching their worst sessions since September 2022.
CNBC Daily Open: Dow sheds 1,000 points
S&P 500 posts worst day since 2022 in global market sell-off. Google loses antitrust case. Bitcoin tumbles
Li Auto’s July deliveries hit a record as Chinese EV consumers prefer hybrid options
The strong deliveries reflected Chinese consumers’ persistent concerns about relying only on a battery for driving.