Chinese companies such as Alibaba and JD.com have reported an increase in consumer spending, with faster year-on-year revenue growth in the last quarter of 2024 compared to 2023. However, consumption levels have not yet fully returned to pre-pandemic levels, with consumer confidence still needing to improve for double-digit revenue growth. Chinese policymakers are prioritizing boosting consumption, introducing subsidies for smartphones and signaling a shift in real estate policy to support market stability.
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In pictures: Prayers and reflection mark Eid celebrations around the world
Muslims worldwide are celebrating Eid al-Fitr, marking the end of Ramadan, a month of fasting and spiritual reflection. From Moscow to Mombasa, Port Sudan to Rotterdam, worshippers gathered for prayers and celebrations, with children receiving gifts in Ukraine amidst conflict. In Gaza, Jerusalem, and Istanbul, families prayed amidst war and destruction, while refugees in Pakistan and worshippers in Europe also marked the occasion. Full Article
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