Chinese Economy Declining
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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After 2020, 2022 Second-Worst Year For China's Economy Since 1970s: Report
The Chinese Communist Party's (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years, NTD Report.
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Huawei’s First Half Profit Drops Amid US Technology Restrictions, Curbs
Huawei has reported its first-half net profit to have more than halved as a difficult economy curtailed demand from customers. To add, the US has also issued technology restrictions on the Chinese company. Huawei’s revenue dropped 5.9 percent year-on-year during the period, with a sharper decline during January-March.
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How China Now Threatens One Of The World's Greatest Success Stories
Over the last 25 years, a period of remarkable economic growth spanning from China to South America spurred one of the world's greatest - and oft-overlooked - modern achievements: a dramatic reduction in the number of extreme poor.
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Once Obscure Chinese Town Rallies After Ship Disaster
Since being thrust onto the world stage, residents of a once obscure part of China have rallied round to help those affected by the sinking of a cruise ship, an outpouring of kindness in a country more used to worrying about a decline in public morals.
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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After 2020, 2022 Second-Worst Year For China's Economy Since 1970s: Report
The Chinese Communist Party's (CCP) two sessions of top political meeting started on Saturday, March 4, and are expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years, NTD Report.
-
Huawei’s First Half Profit Drops Amid US Technology Restrictions, Curbs
Huawei has reported its first-half net profit to have more than halved as a difficult economy curtailed demand from customers. To add, the US has also issued technology restrictions on the Chinese company. Huawei’s revenue dropped 5.9 percent year-on-year during the period, with a sharper decline during January-March.
-
How China Now Threatens One Of The World's Greatest Success Stories
Over the last 25 years, a period of remarkable economic growth spanning from China to South America spurred one of the world's greatest - and oft-overlooked - modern achievements: a dramatic reduction in the number of extreme poor.
-
Once Obscure Chinese Town Rallies After Ship Disaster
Since being thrust onto the world stage, residents of a once obscure part of China have rallied round to help those affected by the sinking of a cruise ship, an outpouring of kindness in a country more used to worrying about a decline in public morals.
