China Consumption Unexpectedly Slows in Warning Sign to Economy
China’s consumer spending unexpectedly slowed in April while industrial production accelerated, highlighting the lopsided recovery of the world’s second-largest economy.
China’s consumer spending unexpectedly slowed in April while industrial production accelerated, highlighting the lopsided recovery of the world’s second-largest economy.
Electric vehicle makers Li Auto Inc. and XPeng Inc. report next week amid disruptive moves by rivals in their home market. On top of another round of bruising price cuts initiated by Tesla Inc., Xiaomi Corp. joined the fray with the launch of its own car.
China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long property crisis.
Ping An Insurance Group Co. is weighing options that would allow it to reduce its 8% stake in HSBC Holdings Plc, according to people familiar with the matter.
Hong Kong shares rallied Friday, running against the grain of a lackluster day for the region’s equities as traders reassessed the path forward for interest rates.
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