{"componentChunkName":"component---src-templates-post-js","path":"/china-business/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f8d4bd84a44be0039599e67","title":"China's back in business","slug":"china-business","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/10/Multiply-minute-10.png","excerpt":"The world’s second largest economy is recovering after its battle with coronavirus.","custom_excerpt":"The world’s second largest economy is recovering after its battle with coronavirus.","created_at_pretty":"19 October, 2020","published_at_pretty":"19 October, 2020","updated_at_pretty":"19 October, 2020","created_at":"2020-10-19T08:18:32.000+00:00","published_at":"2020-10-19T08:20:58.000+00:00","updated_at":"2020-10-19T08:20:58.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nChina bounces back\nThe world’s second largest economy is recovering\n[https://www.bbc.co.uk/news/business-54594877] after its battle with\ncoronavirus. China’s GDP grew by 4.9% from July to September - slightly less\nthan economists predicted, but a huge uplift from its first ever decline at the\nstart of the year.\n\nRecord asking prices\nAsking prices of homes coming onto the market has hit a new high\n[https://www.theguardian.com/money/2020/oct/19/average-asking-price-for-homes-in-britain-hits-record-high]\n, according to Rightmove. Sellers are asking for 1.1% more now than they were\nlast month, on average. The biggest price rises have been at the pricier end of\nthe market, with price tags on four-bed and detached houses now 2% higher than\nlast month.\n\nTrainer shortage\nShops could run out of comfy stuff\n[https://www.theguardian.com/business/2020/oct/18/uk-could-face-shortage-of-trainers-and-leisurewear-as-covid-fuels-surge-in-demand]\n, with sales of trainers, leggings, trackie bottoms, and hoodies all booming\nover lockdown. Brands are struggling to replace stock, after many factories were\nforced to close for months.\n\nHelp with bills\nVulnerable customers who struggle to pay their energy bills will get extra help\nthis winter. From 15th December, energy suppliers will be required to offer\nemergency credit [https://www.bbc.co.uk/news/business-54593185] to customers who\ncan’t top up prepayment meters.\n\nBrace for Brexit\nBoris Johnson has warned UK businesses to step up their prep\n[https://inews.co.uk/news/politics/brexit-no-deal-trade-talks-european-union-boris-johnson-businesses-729757] \nfor a no-deal Brexit. Companies will also hear from HMRC about new customs and\ntax rules that will come into effect on 1st January. Trade talks are still going\non, but the clock is ticking on the transition period which ends on 31st\nDecember.","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

China bounces back

The world’s second largest economy is recovering after its battle with coronavirus. China’s GDP grew by 4.9% from July to September - slightly less than economists predicted, but a huge uplift from its first ever decline at the start of the year.

Record asking prices

Asking prices of homes coming onto the market has hit a new high, according to Rightmove. Sellers are asking for 1.1% more now than they were last month, on average. The biggest price rises have been at the pricier end of the market, with price tags on four-bed and detached houses now 2% higher than last month.

Trainer shortage

Shops could run out of comfy stuff, with sales of trainers, leggings, trackie bottoms, and hoodies all booming over lockdown. Brands are struggling to replace stock, after many factories were forced to close for months.

Help with bills

Vulnerable customers who struggle to pay their energy bills will get extra help this winter. From 15th December, energy suppliers will be required to offer emergency credit to customers who can’t top up prepayment meters.

Brace for Brexit

Boris Johnson has warned UK businesses to step up their prep for a no-deal Brexit. Companies will also hear from HMRC about new customs and tax rules that will come into effect on 1st January. Trade talks are still going on, but the clock is ticking on the transition period which ends on 31st December.

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