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Hong Kong retail sales volume rose 4.8% YoY in May, above forecasts of 4.3% but down from April's 6.4%.

2026-07-02

Hong Kong retail sales volume rose 4.8% YoY in May, above forecasts of 4.3% but down from April's 6.4%.

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2026-07-02

On July 2, MOFCOM spokesman He Yadong said the China-Germany economic cooperation joint committee will be restarted. Beijing and Berlin plan two new working groups—trade & investment and industrial cooperation—to carry out policy exchanges and govern

On July 2, MOFCOM spokesman He Yadong said the China-Germany economic cooperation joint committee will be restarted. Beijing and Berlin plan two new working groups—trade & investment and industrial cooperation—to carry out policy exchanges and government‑business dialogue. Both sides are expediting preparations and aim to convene a minister‑led meeting of the cooperation mechanism in early 2027 to produce trade and economic outcomes ahead of the next phase of high-level engagement.
2026-07-02

[World Cup Job Growth Completely Wiped Out] The US June non-farm payroll report showed that the weak job growth was mainly due to an unexpected drop of 61,000 jobs in the leisure and hospitality industry. Previously, this sector had added 40,000 jobs

[World Cup Job Growth Completely Wiped Out] The US June non-farm payroll report showed that the weak job growth was mainly due to an unexpected drop of 61,000 jobs in the leisure and hospitality industry. Previously, this sector had added 40,000 jobs in May due to hiring during the World Cup. In addition, the retail industry lost 7,500 jobs, and the information technology industry lost 9,000 jobs.
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