Evelyn Cheng
Senior Correspondent at CNBC
@CNBC, New Yorker based in Beijing. One-time EIC @nyugenerasian; NYU grad. Remember all those not on Twitter.
Articles
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1 day ago |
nbcnews.com | Evelyn Cheng
May 13, 2025, 4:40 AM EDT / Source: CNBCBEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year came from the Christmas holiday season, according to CNBC calculations based on data from the National Retail Federation. The period saw a 4% year-on-year sales increase to a record $994.1 billion.
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1 day ago |
nbcchicago.com | Evelyn Cheng
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1 day ago |
cnbc.com | Evelyn Cheng
A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty ImagesBEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year came from the Christmas holiday season, according to CNBC calculations based on data from the National Retail Federation.
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1 week ago |
cnbc.com | Evelyn Cheng
Tourists visit Pingyao Ancient City on the second day of the May labor day holiday on May 2, 2025 in Jinzhong, Shanxi province of China. Vcg | Visual China Group | Getty ImagesThis report is from this week's edition of CNBC's The China Connection newsletter, which brings you insights and analysis on what's driving the world's second-largest economy. Each week, we'll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead.
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1 week ago |
cnbc.com | Anniek Yunxin Bao |Evelyn Cheng
For years, Christmas merchandise has been hitting the U.S. shelves earlier, as retailers try to capitalize on the lucrative holiday season — a retail phenomenon known as "Christmas creep." However, tariffs could be the Grinch that disrupts year-end festivities, as Chinese factories and their U.S. buyers navigate tariff uncertainties to ensure that shelves stateside will be well-stocked in time for Christmas.
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