China press review
China is injecting $150 billion into the economy — that may fuel a short-term rally, UBS says: The People’s Bank of China is set to cut the reserve requirement ratio by 50 basis points for all banks, a move that will release around 1 trillion yuan ($154 billion) in long-term liquidity into the economy.
Factbox: Cainiao Creates 200 Jobs in Belgium as it Kickstarts Hiring at its Smart-Logistics Hub in Liege Airport: Cainiao Network, Alibaba Group’s logistics arm, said in a recent statement that it will work with local partners to create 200 jobs for its smart-logistics hub at the Liege Airport in Belgium’s Wallonia region.
China Consumers Continue To Boost E-Commerce Spending: Bain & Kantar
E-commerce has been the only retail channel to experience rapid growth in China’s fast-moving consumer good industry since the start of the Covid-19 pandemic, according to a new research report released today in Bain & Company in collaboration with Kantar Worldpanel.
China’s economy to ride out containment efforts by an increasingly anxious US, former official says: Former vice finance minister Zhu Guangyao said China has factored such external challenges as posed by the United States into its dual-circulation strategy .
China’s economic growth moderates as consumers stay cautious: China’s economic growth moderated in May as flattering comparisons to the pandemic-hit economic figures early last year tapered off and Chinese consumers continued to keep a close eye on their pocketbooks.