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Tesla Gain HunterAll the plummeting ones are Xiaomi's main businesses$XIAOMI-W(01810.HK)
If the National Bureau of Statistics' retail sales data shows a 0.6% drop, there might still be some window dressing involved.
Beijing and Shanghai, as China's top two cities, feel like the statistics bureau has given up pretending and is just lying flat now 😅
Workers in these two cities are already reluctant to change their phones. Communications equipment sales fell 22% in Beijing and 34% in Shanghai!
A large number of non-essential consumption categories saw declines of over 10%.
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