China’s consumer confidence remains low, even when its largest e-commerce platforms offer massive support, says business analyst Shaun Rein at the Hill. Rein said that consumers were less likely to spend more during 618 as merchants had already been discounting heavily for years because of the pandemic, and deals were not that much better compared to previous months.Read More →

Political analyst and senior fellow at the Council of Foreign Relations Ian Johnson gives a fast overview of the issues ahead of US Secretary of State Anthony Blinken visit to Beijing, including the US-China relations, Cuba, Ukraine, Taiwan, and more for CBS News.Read More →

China’s central government surprised this week by supporting its economy by a string of measures including cutting interest rates. Financial analyst Ben Cavender expects more action in the coming months, but meanwhile, foreign investors get jibberish and that might offer great opportunities for other economies like India, he adds at CNBC-TV18.Read More →

China launched its first homemade cruise ship, as this part of the tourist industry struggles to stay afloat. But consumption expert Ashley Dudarenok sees a bright future for cruises from China, as this industry is still in its infancy in a country where many look for alternatives, she tells at state-owned broadcaster CGTN.Read More →

China veteran Ian Johnson, a senior fellow at the Council on Foreign Relations(CFR), looks at how the groups of China dissents abroad, have dramatically changed since the Tiananmen Square crackdown, on the CFR-blog. “Long known for being riven by personality disputes and having little impact back in China, overseas activists now seem more united and more plugged into China than before.” he writes.Read More →

Business analyst Shaun Rein comments on the disappointing figures from Alibaba for CNA. “The economy is improving, but certainly not on track,” he says. While the consumers might be traveling more compared to 2019, they are certainly spending less, as their confidence is low, Rein adds.Read More →