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Cartier-owner Richemont says China sales tumble 27%
Cartier-owner Richemont says China sales tumble 27%

Cartier-owner Richemont said Tuesday its quarterly sales in China tumbled by 27 percent as the deepening economic malaise in the world's second-largest economy lashes luxury firms. China has become a key market for luxury firms in recent years thanks not only to its rising ranks of millionaires but also the swelling middle class.

Asian traders struggle to match Wall St record as Trump odds grow
Asian traders struggle to match Wall St record as Trump odds grow

Asian markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year. The dovish comments over the past week have sent bets on a September rate cut soaring, while some traders are eyeing as many as three by the end of the year.

Young Chinese seek alternative jobs in shifting economy
Young Chinese seek alternative jobs in shifting economy

Braving loneliness, tough auditions and an unfamiliarly hot and humid climate, aspiring actor Guo Ting is determined to make it in China's answer to Hollywood. The casting agent's office was next door to a community space run by an actors' union, where dozens of people sat waiting for auditions and job interviews.

Beijingers feel the pinch as economic data disappoints
Beijingers feel the pinch as economic data disappoints

Shopping online, skipping meals out and a general sense that decades of double-digit growth are very much a thing of the past -- Beijingers told AFP Monday they were feeling the pinch as the economy slowed. Beijing has said it is aiming for five percent growth this year -- enviable for many Western countries but a far cry from the double-digit expansion that for years drove the Chinese economy.

Economy

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