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China’s retail sales growth slows to 3.9% in November, below expectations

A shopping mall in Shanghai launches promotions on December 12, 2021 [CGTN-CFP]
A shopping mall in Shanghai launches promotions on December 12, 2021 [CGTN-CFP]
CGTN | 17-Dec-2021 | By Yao Nian

China’s retail sales growth slowed in November and missed expectations, data from the National Bureau of Statistics (NBS) showed on Wednesday, as new COVID-19 outbreaks hit the economy despite the big Double 11 online shopping festival. Retail sales, a gauge of consumer spending in the world’s most populous country, grew by 3.9 percent last month from a year earlier. Continue reading “China’s retail sales growth slows to 3.9% in November, below expectations”

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E-commerce revives China’s ‘toy capital’

Toys are displayed at a cultural and tourism industrial park in Chenghai District, Shantou City, Guangdong Province [SHINE]
Toys are displayed at a cultural and tourism industrial park in Chenghai District, Shantou City, Guangdong Province [SHINE]
China Daily | 16-Dec-2021 | Source: Xinhua

After posting a video of a bucket-wheel excavator building block toy, YouTuber Thomas Panke received over 100,000 views within two hours and a thank-you letter from thousands of miles away. The sender, Yuxing Technology Industry Co Ltd, is the manufacturer of the toy, located in Chenghai District of Shantou City, south China’s Guangdong Province. Continue reading “E-commerce revives China’s ‘toy capital’”