There are signs of weakening consumer spending in the world’s second largest economy, with growth having in China decelerated to its lowest level in nearly three decades at the end of the third quarter. Illustration: Dennis Yip

China’s consumption downgrade tastes good for fermented tofu makers

  • Under pressure, consumers in China are cutting back on spending on high-end items, while sales of instant noodles are rebounding after two years of decline
  • Weakening consumer spending comes as economic growth decelerated to its lowest level in nearly three decades at the end of the third quarter
Topic |   China economy

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There are signs of weakening consumer spending in the world’s second largest economy, with growth having in China decelerated to its lowest level in nearly three decades at the end of the third quarter. Illustration: Dennis Yip
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Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP

China will open market further in push to bring down global trade barriers, Xi Jinping tells import expo

  • China’s president has urged global leaders to bring down trade barriers and resist protectionism in a speech at the China International Import Expo
  • Xi’s comments come a day after the closing of the Canton Export Fair, at which export orders fell for the third year in a row amid the US trade war
Topic |   China economy

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Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP
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