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Contact the writers at sophia@chinadailyhk.com and chenweihua@chinadailyusa.com
Consigned to the dustbin
Consumption is gaining traction and injecting impetus into China's economic recovery, as the country's retail sales grew by 0.9 percent on a yearly basis in the third quarter, the first positive quarterly growth this year.
Corporate earnings for Asia excluding Japan would manage to expand 1 percent in 2020 while the earnings in developed economies would fall by 26 percent this year, according to a recent report by Swiss multinational investment bank UBS AG.
Contact the writer at Lucymorangi@chinadaily.com.cn.
