By Ishika Mookerjee (Bloomberg) China’s exports and imports both contracted at steeper paces in November as external demand continued to weaken and a worsening Covid outbreak disrupted production and cut demand.
Alibaba will shut down operations of Tmall Hong Kong on Oct 31, as the company sharpens its focus on cross-border ecommerce opportunities. That move comes as no surprise, according to analysts, because Hongkongers have plenty of online shopping platforms to choose from.
China export boom fades as spending shifts, cheaper rivals gain ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
By Bloomberg News (Bloomberg) — After two years of record exports, Chinese manufacturers are turning downbeat as consumers in their biggest markets curb spending and Covid lockdowns drive customers to competitors.