2023 Newsletters
2023 Calendar Week 52
1.Thailand’s Luckin Coffee is suing China’s Luckin Coffee and seeking 10 billion baht in damages. Several Thai media outlets reported that on the morning of December 19th, the Royal 50R Group filed a lawsuit against Luckin Coffee in court, seeking…
2023 Calendar Week 51
1.China Overtakes U.S. as Global Coffee Shop Leader China has now taken the lead as the global epicenter for coffee shops, surpassing the United States in sheer numbers. According to a recent report from World Coffee Portal, a research organization…
2023 Calendar Week 50
1. China’s CPI decreased by 0.5% y-o-y and dropped 0.5% compared to October In November 2023, the national consumer price index (CPI)for residents across China experienced a y-o-y decline of 0.5%. Specifically, urban areas saw a decrease of 0.4%, while…
2023 Calendar Week 49
1.From January to October 2023, Profits of National Large-Scale Industrial Enterprises Decline by 7.8% From January to October 2023, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 107.78 trillion (approximately $16.83 trillion), up 0.3% year-on-year. Operating…
2023 Calendar Week 48
1. China launched a unilateral visa-free initiative for six nations: France, Germany, Italy, the Netherlands, Spain, and Malaysia “From December 1, 2023 to November 30, 2024, citizens from the six countries-France, Germany, Italy, the Netherlands, Spain and Malaysia-holding ordinary passports…
2023 Calendar Week 47
1. According to the M2 performance, Chinese government will persist with its supportive monetary policy and a low interest rate On November 13, the People’s Bank of China (PBOC) released statistics indicating that as of the end of October, M2…
2023 Calendar Week 46
1. Shenzhen State-owned Assets Supervision and Administration Commission (SASAC): we will assist Vanke in responding positively On November 6, Vanke, in conjunction with both domestic and international financial institutions, held a briefing regarding their third-quarter results. The meeting included Vanke’s…
2023 Calendar Week 45
1.The 6th China International Import Expo will be held in Shanghai from November 5th to 10th The 6th CIIE will be held in the National Convention & Exhibition Centre (Shanghai) from November 5 to 10, 2023. The 6th CIIE, according…
2023 Calendar Week 44
1.From January to September, profits of industrial companies above 20mn revenue fell by 9.0% During the first 3 quarters, large-scale industrial companies (above CNY 20mn revenue) achieved business revenue of CNY 96.35 trillion (approximately $13.17 trillion), same as last year.…
2023 Calendar Week 42/43
1.China releases preliminary GDP results for Q3 2023: 4.9% increase Based on the foundational data and the methods of calculating Gross Domestic Product (GDP), preliminary calculations indicate that China’s GDP for the 3rd quarter of 2023 stands at 31.9992 trillion…