Digital Empire

Questions You Should be Asking the World Around You

China’s Industrial Profits Accelerate Rebound in First Two Months. And Why I Haven’t Bought NIKE in Over 20 Years

BEIJING, March 27 (Xinhua) — Profits of China’s major industrial firms saw accelerated growth in the first two months of this year as the economy further firms up from the COVID-19-induced woes, official data showed Saturday.

Industrial firms with an annual business turnover of at least 20 million yuan (about 3.06 million U.S. dollars) saw their combined profits surge 179 percent year on year during the Jan.-Feb. period to 1.11 trillion yuan, data from the National Bureau of Statistics (NBS) showed.

When compared with the first two months of 2019, the figure represented a rise of 72.1 percent. The average growth rate in the past two years stood at 31.2 percent, NBS data showed.

The notable rebound was a combined result of recovery in both domestic and external demand, a low comparison base and longer production hours by firms as workers “stayed put” for the Chinese Lunar New Year holiday this year, NBS senior statistician Zhu Hong said.

http://www .xinhuanet .com/english/2021-03/27/c_139839980.htm

Nike

Nike used to be cool back in grade 5 elementary, when it had been a must to own a pair of NIKEs so that you wouldn’t get bullied. But then the Air Jordans came out and I realized that all the advertising hype was there just to milk their customers over a pair of shoes costing $200 bucks each.

I’ve been shopping at this local shoe store for over 20 years for no-name brand shoes. Not for sneakers, but for casual leather shoes that come with comparably comfortable rubber soles that are good for hiking, running, and walking.

People will say that no-name brand shoes are made to a lower standard and that they fall apart easily, but that’s disingenuous conspiracy, because I’ve had several pairs of these shoes last for over 10 years.

The best part is that I can typically find the right pair of shoes with the appropriate shape and style; mimicking their more expensive designer counterparts, and due to the varied selection of no-name brand manufacturers all competing for my money, I rarely ever find myself unable to update my style frequently and cheaply.

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This entry was posted on 03/27/2021 by in Asia, NA and tagged , , , , .

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