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Stock impact report

Breakingviews - Everyone is right about China’s economy [Reuters]

Yum China Holdings, Inc. (YUMC) 
Last yum china holdings, inc. earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.yumchina.com
Company Research Source: Reuters
Breakingviews - Everyone is right about China’s economy | Reuters 3 Min Read HONG KONG (Reuters Breakingviews) - China bears and bulls can pick their data in the Year of the Pig. Stock markets are charging; bonds defaulting. Lunar New Year holiday spending was weak, but January exports boomed. State-owned companies and contradictory industrial and monetary policies are muddying traditional performance measures. They betray an economy going in two directions at once. Economic distortions introduced by the festival, which falls in January or February depending on the year, make it dangerous to extrapolate trends. But 2019 was extreme even by Chinese standards. The “Golden Week” holiday takes an early snapshot of consumer confidence. It looked ugly: retail sales cooled to 8.5 percent, the first instance of single-digit growth since 2005, says Nomura. Combined with anemic inflation and falling imports, demand looked bleak. And yet luxury group Hermes reported sterling revenue growth in Ch Show less Read more
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