The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.
Category: Economic Conditions and Trends
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Port Strike’s End Is an Economic Relief to Savannah, Ga.
The Georgia city is a picturesque tourist destination. It’s also the No. 2 ocean cargo hub on the East Coast, and the dock strike’s quick end was a relief.
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In Japan’s Countryside, Century-Old Firms Learn to Embrace Foreign Workers
Japan’s regional economies are facing severe labor shortages. Their survival depends on their ability to persuade foreign workers to stay.
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China Stocks Surge After Mortgage Curbs Are Removed
After seeing prices decline for years, Chinese officials have made a burst of policy changes aimed at making easier to buy homes.
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Stocks Tumble in Japan After Party’s Election of New Prime Minister
Stocks dropped after Japan’s governing party chose Shigeru Ishiba, a critic of the country’s longstanding ultralow interest rates, as its leader.
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China Stocks Soar in Biggest Single-Week Jump Since 2008
Economic stimulus moves triggered a broad rally in trading in Shanghai and Shenzhen.
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China Is Striking Deals to Cement Its Role as Asia’s Trade Hub
Beijing’s leaders are working with regional neighbors on the country’s western, northern and southern borders to develop new rail and sea links.
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Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
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Bank of England Holds Rates Steady but Signals Gradual Easing
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
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France’s Budget Problems ‘Very Serious,’ Prime Minister Says
The French government, which missed a deadline this week to set a blueprint to lower its debt and deficit, is struggling to meet fiscal requirements set by the E.U.