Chinese Consumers

Trade tensions and local government debt risks leave Beijing few alternatives to revving up consumer stimulus

While corporate executives say business has rebounded, they also say there's a way to go before confidence is fully restored.

China's industrial output grew in line with expectations in November, expanding for the eighth straight month as the economic recovery gathered pace and global demand picked up

Chinese telecom company Huawei on Thursday said it is opening its Harmony operating system for all mobile device makers. Huawei had announced its own operating system after US-based companies were barred from supplying software and hardware to it in 2019. "Today we are releasing HarmonyOS 2.0. Starting from next year, we will see smartphones with HarmonyOS 2.0. Today, HarmonyOS will be open sourced for devices with RAM with 128kb-128 MB. "From April, it will be available with larger RAM and from December even with more large RAM," Huawei Executive Director and Consumer Business Group CEO Richard Yu said. He was speaking at an event held by Huawei in China. Huawei said developers will need to develop their app only once for HarmonyOS and the operating system will adapt it for all screen sizes with seamless integration. "Huawei has the ambition to help overseas developers to serve Chinese consumers. We will be the bridge," Yu said. Huawei CBG Software Development President Wang Ch

An industry-powered rebound is pushing the Asian nation out of the historic first-quarter slump and toward the prospect of being the only major economy to expand this year

After decades of thrift, they're taking on too much personal debt