China’s economy after being bruised by COVID led lockdowns, China’s export growth unexpectedly picked up speed last month. This comes as a relief also for the world’s second largest economy that is trying to gain some momentum now. Data shows China’s exports were up 18% in July to US$333 billion from last year at a […]
Tag: Lockdowns
Covid -19 Strict Lockdowns In China Causes Alibaba’s Growth To Stall
Strict Covid-19 measures have started to affect the revenues of its technology firms now. E-commerce giant Alibaba group has reported flat quarterly revenue growth for the first in its history. Chinese e-commerce giant has enjoyed double digit revenue growth almost every quarter since it went public in 2014. The prospects of Alibaba group were hurt […]