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BEIJING -- China's Meituan is trying to grab a bigger piece of the food delivery market with its low-priced group ordering feature, which helped achieve double-digit sales growth in the April-June quarter despite an economic downturn that has made consumers more frugal.
DALIAN, China -- Kweichow Moutai, a Guizhou-based distiller of baijiu Chinese-style liquor is wrestling with falling demand for resale of its high-end product.
DALIAN, China -- China's aging migrant workers are creating a factory laborer shortage, threatening the country's position as a manufacturing powerhouse as rising labor costs erode its cost advantages.
DALIAN, China -- Membership-based warehouse supermarket chains such as U.S.-based Costco and Sam's Club are growing in China, touting a different shopping experience and product lineup from conventional supermarkets and online retailers. Their low prices also resonate with thrifty Chinese consumers, who have developed hoarding habits during the COVID-19 pandemic.
DALIAN, China -- Vietnamese tech major FPT has opened a large software development base in the northeastern Chinese city of Dalian, tapping the many local workers with the language proficiency to support its Japanese clients.