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China Economic News
24-07-2019, 12:40 PM.
Post: #841
RE: China Economic News
China's credit push to small firms falters in factory heartland
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31-07-2019, 08:54 PM.
Post: #842
RE: China Economic News
China’s control over its entire economy weakened as Baoshang Bank failure starts domino effect
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21-08-2019, 05:19 PM. (This post was last modified: 21-08-2019, 05:24 PM by dreamybear.)
Post: #843
RE: China Economic News
Either an outliner company with super strong moats in China(being not affected by trade dispute, HK protest) or mainland Chinese not as economically affected as thought  ....


Estee Lauder sees no slowdown in China
ST 21 Aug 2019

BENGALURU • Estee Lauder has forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skincare products soared, propelling its shares to a record high.

Major cosmetic companies such as Estee Lauder and L'Oreal are seeing a boom in their business in the Asia-Pacific region, mainly in China, as affluent millennials spend more at beauty retailers and duty-free stores in airports.....

The efforts helped sales in the Asia-Pacific region grow 18 per cent in the fourth quarter, while sales in the skincare business, its biggest and most profitable, rose 15 per cent to US$1.59 billion (S$2.2 billion), boosted by demand for its premium skincare brands such as La Mer and Clinique.....

Estee Lauder, which also forecast first-quarter sales growth and profit above expectations, said the outlook took into account the potential impact of the Hong Kong protests and the protracted US-China trade dispute, as well as costs related to Britain's impending exit from the European Union. "We are not seeing any slowdown in China at this point in time," said chief executive officer Fabrizio Freda......

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21-08-2019, 07:43 PM.
Post: #844
RE: China Economic News
Those affected are not the elite class, but the blue collar workers...
Gain in Vietnam = Lost to China

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