China’s economic performance has been gloomy and generally below the market’s consensus. The National Bureau of Statistics of China had released July’s CPI , YoY -0.3% , a slightly bit better than market’s expectation of -0.4% . This is the first time China fell into deflation since early 2021.
Most of the news circulating out there were portraying this set of data badly , but the MoM increment in CPI was neglected by the market.
From the chart abov...

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NIO reports strong third-quarter revenue, whereas higher costs squeeze the margin, bordering on breakeven
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Key Takeaways:
Attitude: NIO delivered 31,607 vehicles in Q3 2022, representing a solid growth of 29.3%YoY. During this quarter, NIO achieved solid top line growth against a challenging environment. To meet the growing user demand and shorten the waiting time, th...