PDD Holdings, the parent company of Pinduoduo and Temu, reported lower-than-expected quarterly revenue on Thursday, reflecting weak consumer demand in China despite deep discounts and government...
Etiket: China Economy
China’s Factory Activity Expands for Second Month Amid Stimulus and Trade Uncertainty
China’s manufacturing sector showed modest growth for the second consecutive month in November, with the official purchasing managers’ index (PMI) rising to 50.3, a seven-month high,...
Chinese Yuan Expected to Hit Record Lows Amid U.S. Tariff Threats
China’s yuan is under increasing pressure, with major investment banks predicting that it could hit record lows by the end of 2025 due to escalating tariff...