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Chinese Economy

Chinese Economy

The hidden environmental cost of online shopping in China

In recent years, a growing cohort of Chinese companies, big and small, have ramped up their eco-conscious efforts to fight climate change. For instance, LUÜNA naturals, a period care startup based in Shanghai, has been a pioneer in popularizing the idea of “green menstruation” among Chinese consumers. By selling organic…
bubmag
January 15, 2021
Chinese Economy

China’s economy expected to grow by 7.9 pct in 2021

The gross domestic product (GDP) was 101,598.6 billion yuan in 2020, an increase of 2.3% over the previous year at comparable prices, according to preliminary estimates of the National Bureau of Statistics of China. China’s year-on-year GDP for the first quarter went down by 6.8%, up by 3.2% for the…
bubmag
January 11, 2021
Chinese Economy

5 Trends From McKinsey & Co.’s 2021 China Consumer Report

Key Takeaways:McKinsey’s consumer sentiment survey highlights how net optimism during China’s economic recovery has reached 50 percent, as compared with 22 percent in the US, and stands in clear contradiction to the gloomy perspective prevailing in Europe. China’s shift toward a domestic consumer market and its economic “decoupling” from the US…
bubmag
November 18, 2020
Chinese Economy

5 key trends shaping the Chinese economy, accelerated by COVID-19

November 10, 2020 By CIW TeamIn a recent report, McKinsey pointed out five key trends shaping China’s economy, being accelerated by COVID-19 has accelerated.1. DigitalizationCOVID-19 has also accelerated digitization of the traditionally less digitized part of the Chinese economy, such as areas requiring physical interactions, and B2B.Before COVID-19, China was…
bubmag
November 10, 2020