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tag: immobiliare

download (5).jpg 19 December 2022

Beijing refocuses on economy

China will shift focus to boosting growth after years of COVID-19 restrictions. In particular, “expanding domestic demand” will play a significant role, the Center for China and Globalization, a Beijing-based think tank, said. The shift comes with much of China grappling with what appears to be a brutal COVID-19 surge: Though the authorities have acknowledged few fatalities, major cities’ health care facilities and morgues appear overwhelmed. [Full text & analysis: Central Economic Work Conference 2022- pekingnology.com]

 

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chart.png 17 November 2022

In China Retail Sales fall for the first time since May

The effect of the pandemic in China, where the intransigent "zero Covid" containment policy imposed in an authoritarian way by the Beijing government continues, is particularly heavy for retail chains. A Reuters dispatch reports that sales fell 0.5%, against expectations of a 1.0% increase and compared to a 2.5% increase in September. On the other hand, the country is missing its annual growth target of 5.5%. A  Reuters poll predicts growth of only 3.2% in 2022.

 

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images.jpg 24 October 2022

Chinese sportswear brands post strong growth in third quarter

China's major sportswear brands posted strong growth in the third quarter, while foreign sportswear giants such as Nike and Adidas are declining, so @globaltimesnews argues that marketing and good quality will allow Chinese companies to lead the market, shaking off the impact of COVID-19. In fact, economic growth is improving a bit, but it is still weak precisely because of lockdowns, as well as real estate, as reported by @AP.

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