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economic recovery

China’s smartphone market recovers in 2023 amid increased competition, Huawei’s strong comeback in 5G handset segment

by Anas Siddiqui
China’s smartphone market recovers in 2023 amid increased competition, Huawei’s strong comeback in 5G handset segment

Domestic smartphone shipments totalled 289 million units last year, compared with 272 million in 2022, according to the latest report published on Monday by the China Academy of Information and …

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China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

by Anas Siddiqui
China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

Retail property markets in China’s first-tier cities showed signs of improvement in the last quarter of 2023, and experts are projecting sustained momentum in 2024, underpinned by a gradual increase …

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Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

by Anas Siddiqui
Apple supplier Foxconn sees revenue decline in first quarter of 2024 amid weak global consumer electronics demand, sluggish iPhone sales

Foxconn Technology Group, the world’s biggest iPhone assembler, expects revenue to decline in the first quarter of 2024 amid weak global consumer electronics demand, extending a decrease in sales in …

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China’s ‘king of software’, Wang Wenjing, steps down as president of enterprise management systems firm Yonyou amid mounting losses

by Anas Siddiqui
China’s ‘king of software’, Wang Wenjing, steps down as president of enterprise management systems firm Yonyou amid mounting losses

Veteran Yonyou executive Chen Qiangbin, 48, takes over as company president, with a focus on operations and management, according to the company. After joining Yonyou in 2000, Chen was involved …

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‘Get bolder please’: economic powerhouse all out to lift exporter initiative amid Beijing’s urge for bigger responsibilities

by Ron Morgan
‘Get bolder please’: economic powerhouse all out to lift exporter initiative amid Beijing’s urge for bigger responsibilities

“Later on I learned my peers also received calls and were asked if they needed goal-setting help,” he said. “We were told to ‘get bolder’ with a ‘moderate to high’ …

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Opinion | China should rely on rule of law, instead of flimsy political promises, to spur growth in nation’s private sector economy

by Anas Siddiqui
Opinion | China should rely on rule of law, instead of flimsy political promises, to spur growth in nation’s private sector economy

Drastic policy reversals have already been implemented in major industries. Private property developers were once considered persona non grata at Chinese state banking institutions, following Beijing’s direction in 2021 to …

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Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

by Anas Siddiqui
Chinese consumers on the hunt for low prices, local brands on Singles’ Day shopping festival as economy shows signs of turning a corner

More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less or maintain their expenditure at 2022 levels during this year’s Singles’ Day, according to …

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China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

by Anas Siddiqui
China’s Zhejiang province reassures support for Alibaba, led by new chairman Joe Tsai, as company plays pivotal tech development role amid expansion into AI, enterprise market

Alibaba must “regain momentum, open new chapters and renew glory” to make a greater contribution to Zhejiang, Yi told the company’s top management, according to the Zhejiang Daily report. He …

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China’s smartphone market narrows decline in second quarter, with Huawei back in the country’s top 5 vendor ranking

by Anas Siddiqui
China’s smartphone market narrows decline in second quarter, with Huawei back in the country’s top 5 vendor ranking

China’s GDP growth reached a lower-than-expected 6.3 per cent last quarter, when retail sales gains fell back to 3.1 per cent in June – down from 18.4 per cent in …

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