slows

China’s economy slows unexpectedly as Covid outbreaks and property crisis bite | Chinese economy

China’s economy unexpectedly slowed in July, with factory and retail activity squeezed by Beijing’s zero-Covid policy and a property crisis, while the central bank surprised markets by cutting key lending rates to revive demand.July’s industrial output grew 3.8% from a year earlier, slightly down from 3.9% in June, data from the National Bureau of Statistics …

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Warren Buffett’s stock shopping spree slows down even during market’s big pullback. Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway ‘s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, …

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China’s Economic Growth Slows Sharply as Covid Policy Takes a Toll

The Chinese economy grew this spring at its slowest rate since the beginning of the coronavirus pandemic, a sharp slowdown from a Covid-19 policy that continues to prompt widespread lockdowns and mass quarantines, bringing some business activity to a halt.The National Bureau of Statistics said on Friday that the economy expanded 0.4 percent from a …

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Chinese companies look to U.S. and Asia as growth slows at home

BEIJING — Some Chinese consumer brands are looking for growth overseas, in markets like the U.S. and Southeast Asia.Take Miniso, a Guangdong-based seller of toys and household products. Sometimes called China’s Muji, Miniso opened a flagship store in New York City’s SoHo in February.The store’s gross merchandise value — a measure of sales over time …

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China factories are feeling some heat as U.S., Europe demand slows

Pictured here on June 24, 2022, are workers making umbrellas in a factory in Jinjiang city, Fujian province, China.Yuan He | Future Publishing | Getty ImagesEuropean sales for Guangdong-based coffee machine company HiBrew have tapered off after a sterling run last year when pent-up global demand drove up purchases of Chinese consumer goods. Sales have fallen …

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