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Lipsticks Export Jumps up in 2021

Lipsticks exports from France has increased in the global market, according to IndexBox recent report.

Lip make-up preparations exports totaled 5.9K tonnes, from January through October 2021, representing 11% higher than what it was over the same period of time in the previous year. China is the country with the largest portion of lipstick imports from France, its purchases jumped by 53% over the same period.

The price of lip make-up preparations from the European country was on average estimated at $124 per kg from January to October 2021, a jump of 18% compared to the same period a year before.  

Apart from China, countries including the U.S., Italy, Spain and Singapore increased their imports from France. However, the UK, Russia and Germany’s imports fell. Increase in lipstick supplies denotes an improvement in the world’s cosmetics market.

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By Saha on January 24, 2022

15 Top-selling Autos in China in 2021

Affordable Hongguang Mini in 2021 became top-selling company with a rate of 395,451 units, the association data announced. In new energy vehicles group, involving battery-powered and hybrid autos, fairly expensive vehicles, like Tesla and BYD, sold best.

Among top ten were three BYD models and BYD Qin sedan sold 187,227 cars, surpassing Tesla models sales.

Tesla’s Model Y, presented last year in China, was top in new energy SUV category selling 169,853 units in 2021, the association said.

Next was Tesla’s Model 3, which sold 150,890 units in 2021, according to the data.

Li Auto’s hybrid Li One, new energy passenger vehicle, and Xpeng’s P7 sedan were among top 10 and top 15, respectively.

The fully electric Nezha V SUV, new to the auto market, came 15 in the sales grading.

Here goes the list of 15 top-selling new energy passenger vehicles in China in 2021:

1. Hongguan Mini (SAIC-GM-Wuling)

2. Qin (BYD)

3. Model Y (Tesla)

4. Model 3 (Tesla)

5. Han (BYD)

6. Song (BYD)

7. Li One (Li Auto)

8. eQ (Chery)

9. Benben EV (Changan)

10. Aion S (GAC Motor spin-off)

11. Ora Black Cat (Great Wall Motor)

12. P7 (Xpeng)

13. Tang (BYD)

14. Ora Good Cat (Great Wall Motor)

15. Nezha V (Hozon Auto)

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By Saha on January 16, 2022

China's Auto Sales Growth in 2022

Automobile’s sales in China saw a growth for the first time in 2021 since 2017, partly due to a rise in new energy vehicles (NEVs), specified industry data on January 12, 2022.

After once-a-month sales of 2.79 million vehicles last month, which set 2021’s overall sales at 26.28 million, total auto sales in the world’s largest car industry grew 3.8% year by year.

China Association of Automobile Manufacturers, CAAM, declared in its recent statement that 2022 is estimated to be a better year regarding auto production and sales. Potentially, this year obstacles including chip undersupply as well as expensive raw materials will be less severe, the statement added. The country’s auto business started shrinking in 2018 on account of a business conflict between the U.S. and China. 

China car industry tried to rebound by mid-2020; however, it was brought down due to semiconductors insufficiency across the world, leading to a global halt in production.

In the meantime, NEVs sales gained a momentum, a rise of 157.5% last year.

Last December saw a growth in NEVs sales, 114% year-on-year. CAAM’s expectation of a jump of 5.4% in auto sales and 47% rise in NEV sales reveals the country’s attempt to promote the car market and cut back air pollution. China will also bring down subsidies on NEVs by 30% this year, in this regard.

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By Saha on January 12, 2022

China's Consumer Spending Targeting to Double by 2030

Chinese consumers spent a huge amount in years, basically more on services than goods, according to Morgan Stanley’s analysis. Private consumption in China is on track to get $12.7 trillion, which is nearly as much money as American consumers spend presently. Morgan Stanley’s prediction proved to be wrong as it had forecasted the number to be $9.7 trillion 3 years ago. As stated by the analytical report, the boost has happened as a result of supporting domestic economy by the Chinese government, growth in household earnings, working on developing urban places, and growth in technology. However, there’s still uncertainty in the wake of the pandemic. The country’s economy has totally rebounded from the pandemic attack but personal spending is not overall recovered yet. Last year, China saw a contraction in its retail sales while the national GDP grew. The investment banking company also predicted in its report Chinese people may want to save up if developments in automation facilities and technological applications lead to a huge job loss rate. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Vale Ends Coal Production

Vale, the mining company, has stopped coal production, retreating from Tete in Mozambique. According to its announcement, Vale will disinvest from the entire production. Vale hired Barclays and Standard Chartered to perhaps sell its railway, port and mine to India or China. China is amongst the largest steel producers, for which coking coal is necessary. India, too, is the second biggest importer of coal in the world. The new company will exclusively mine premium quality coking (metallurgical) coal. This year, it intends to mine 15 million tons of the product (with an estimation of 18 million tons next year). Coal demand has decreased globally and [somebody should be quoted saying] the coking coal business will last not more than a decade. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Chinese Electric Cars To Be Displayed At Malls

Electric auto manufacturers in China aim to plough money into occupying malls’ display windows, a fresh way to help commercial property developers hit by the coronavirus. The Head of Retail in JLL China Ellen Wei said Chinese electric automakers are set to draw more customers via stores in malls. When compared with brand name apparel stores, auto firms are able to pay nearly twice for each square meter, she added. She went on to say that brand electric carmakers are sealing one-year-long leases, and there’s an option to extend the contract for a further year. Although Chinese auto business faced a challenging time in 2020, it took off over the last months. Electric auto startups including Xpeng and Li Auto, each, gained more than $1 billion this year. A partner based in Bain & Company's Shanghai office Raymond Tsang, too, said this trend will work out beneficially as people will be able to touch vehicles in a superior location to make up their mind. Samira H.
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By Samira Hassanzadeh on October 19, 2021

China's IPO Booms Amidst Global Economic Confusion

The Chief Investment Officer of Noah Holdings William Ma in his interview with CNBC said China has seen excitement in its home-based stock market this year. He added despite the smash hit in 2020, the Initial public offering (IPO) magnitude has seen a record high in China’s domestic market since 2010. This condition will probably go on to the next year, he added. Research by EY shows that China’s stock listings have a good ranking in the current year. China stands in a good place in the globe as its companies account for half of the list. Amongst top 3, China boasts of its strong economic power which is able to overshadow stock exchange market. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Expansion in China's Manufacturing

China’s manufacturing saw a rise for nine consecutive months in November. Recovering from an economy decline after the pandemic, the country’s manufacturing PMI, Purchasing Managers’ Index, was 52.1 in November, never seen in over 3 years. The figure, above 50, suggests growth; and the November report unveils the country’s growing manufacturing section. Zhao Qinghe, the bureau’s senior statistician, said there are four factors behind the growth in the month: continuous rise in supply and demand for manufactured products, stable recovery in imports and exports, growth in raw supplies and production prices, and improvement in all manufacturers outlook. According to experts, China’s economy has taken off as the recent indicators show. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Tiffany Predicts High Sales in China

Tiffany disrupts expectations from Wall Street on quarterly gains as the jewelry company has seen a surge in sales, more than 70%, in China. While being purchased by the French-based luxury goods company (LVMH), Tiffany predicts a recovery in demand like other luxury firms as the holiday season approaches. The most considerable sales growth is expected to be seen in inland China and among its tourists who visit fashion capitals in Paris and Milan. Chief Executive Officer at Tiffany & Co. Alessandro Bogliolo affirms the strength seen in the third quarter, emphasizing the importance of the merger deal with LVMH early next year. The deal came after the two companies went through a huge struggle in October. LVMH takes over Tiffany at $15.8 billion early next year. According to the jewelry company, sales surge 30% in the Asia-Pacific district. In America, jewelry sales fell 16%, pretty lower than the fall in a quarter earlier. Tiffany forecasts a 7 to 9% income rise in the present quarter. The U.S. luxury jewelry and specialty firm had to switch to online sales after coronavirus struck the business; digital sales climbed 92% in the quarter. Samira H.
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By Samira Hassanzadeh on October 19, 2021

China's Production Boost

China’s manufacturing industry has seen a growth for 6 consecutive months, from February to October, which shows an economic success, according to a private report released today. Bouncing back from disappointing growth levels after the outbreak, China has seen a speedy recovery in its factories. The most recent survey by Caixin/Markit reveals that supply and demand for goods have restored due to nice handling of the coronavirus. Caixin/Markit PMI (Purchasing Managers’ Index) stood at 53.6 in October and furthermore the newest reading reportedly came to the highest since 2011. However, according to Wang Zhe, the senior economist at Caixin Insight Group, employment is not fully recovered. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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