When TAL Education Group, a mid-sized tutoring services firm in China, reported ...
TOKYO/SYDNEY/NEW YORK - When TAL Education Group, a mid-sized tutoring services firm in China, reported a three-fold increase in its 2018 third-quarter net income earlier this year, few people made much of it.
“With some study of China, you can get results that are very contrary to this view of China as one entity,” said Ahern. In 2018, even as the trade war sapped exports and investment at home, China’s official GDP growth was 6.6 percent - as always, unerringly within official targets.“There are always questions about it and there are always doubts raised about it,” said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
“To me, it suggests that the worries around Apple are not a canary in the coalmine for faltering Chinese growth, but that increasingly expensive iPhones just aren’t as cool as they used to be,” said Hutchison. His discretionary list of data points includes travel commentary from booking platforms as well as commentary from beauty and food companies around the region pandering to Chinese travelers and customers.
Unfortunately, China’s modern economy, more represented by internet payment platforms and sales systems such as WeChat and Alipay, isn’t yet openly sharing data on online traffic.
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