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China's economy is slowing and this can be seen at the company level as well. But despite the downbeat macro sentiment and further concerns over the trade spat with the United States, some bright spots in recent company earnings reports suggest that discerning investors can still cherry-pick interesting opportunities.
China's first listed bike-sharing company, Changzhou Youon Public Bicycle System Co Ltd, announced its acquisition of Hellobike on Tuesday, acquiring the Shanghai-based bike-rental brand to expand its presence in the fast-growing market.
China's largest wine producer, Yantai Changyu Pioneer Wine Co, is purchasing 80 percent of Kilikanoon Estate Pty Ltd of Adelaide, Australia, at A.65 million (.45 million), a decision that will further enhance the Chinese winery's global portfolio and help meet Chinese consumers' growing demand for quality wine.
China's economy expanded 6.8 percent year-on-year in the first quarter of 2018, above the government's annual target of around 6.5 percent.
China's consumption upgrade is bringing glad tidings to the stock market as shares in related companies have been rising of late.
来源：资阳报