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China’s consumer prices rebound thanks to Lunar New Year spending boom, but deflationary risks still loom

by South China Morning Post | Mar 9, 2024 | alerts, Markets/Economy

Consumer price index (CPI) grows by 0.7 per cent year on year in February, beating forecasts and marking first rise following six months of decline However, factory-gate prices fall for 17th straight month in what analyst describes as ‘warning signal’ that deflation...

A timeline of China’s 32-month Big Tech crackdown that killed the world’s largest IPO and wiped out trillions in value

by South China Morning Post | Jul 15, 2023 | alerts, Markets/Economy

Since Beijing quashed Ant Group’s IPO in November 2020, the upheaval in China’s tech sector has hit Alibaba, Tencent, Meituan and Didi A nearly US$1 billion fine levelled against Ant Group this month has been taken as a sign that the crackdown has finally come to an...