ASOS made adjusted pretax profit of 22 million pounds ($24.9 million) in the year to Aug.
31, 2022, in line with guidance that was lowered last month and down from the pandemic boosted 193.6 million pounds made in 2020-21.
LONDON, Oct 19 (Reuters) - Britain's ASOS, the one-time poster child for the shift to online fashion, vowed on Wednesday to overhaul its business model after the economic crunch combined with a string of operational problems to hammer its profits.
Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China's per capita GDP that year.
LONDON, Oct 19 (Reuters) - British Prime Minister Liz Truss on Wednesday defied calls from opposition lawmakers to resign after having U-turned on her proposed economic plans, saying she was a "fighter" and not a "quitter".
Although new policies allow families to have as many as three children, China's birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.
Experts warn China's ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world's second largest economy in the coming decades.
SHANGHAI, Feb 23 (Reuters) - The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.
Daly did not comment on the outlook for monetary policy or her views on the state of the economy in remarks prepared for delivery to the UCLA Anderson forecast webinar. Instead she focused her attention on the long-standing gaps in economic opportunity, wealth and well-being in the United States that have been brought into sharper focus during the pandemic.
Child rearing costs are even higher in China's major cities, hispanic things reaching more than 1 million yuan in Shanghai and 969,000 yuan in Beijing.
Birth rates in the two cities are even lower than the national average.
China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.
31, 2022, in line with guidance that was lowered last month and down from the pandemic boosted 193.6 million pounds made in 2020-21.
LONDON, Oct 19 (Reuters) - Britain's ASOS, the one-time poster child for the shift to online fashion, vowed on Wednesday to overhaul its business model after the economic crunch combined with a string of operational problems to hammer its profits.
Beijing-based YuWa Population Research Institute said in a report published on Tuesday that the average cost of raising a child to the age of 18 in China in 2019 stood at 485,000 yuan ($76,629) for a first child, 6.9 times China's per capita GDP that year.
LONDON, Oct 19 (Reuters) - British Prime Minister Liz Truss on Wednesday defied calls from opposition lawmakers to resign after having U-turned on her proposed economic plans, saying she was a "fighter" and not a "quitter".
Although new policies allow families to have as many as three children, China's birth rate dropped to 7.52 births per 1,000 people in 2021, the lowest since the National Bureau of Statistics began recording the data in 1949.
Experts warn China's ageing population will put huge pressure on its health and social security system, while a dwindling workforce could also severely limit growth for the world's second largest economy in the coming decades.
SHANGHAI, Feb 23 (Reuters) - The cost of raising a child in China stands at nearly seven times its per capita GDP, far more than the United States and Japan, highlighting the challenges facing Chinese policymakers as they try to tackle rapidly declining birth rates, new research showed.
Daly did not comment on the outlook for monetary policy or her views on the state of the economy in remarks prepared for delivery to the UCLA Anderson forecast webinar. Instead she focused her attention on the long-standing gaps in economic opportunity, wealth and well-being in the United States that have been brought into sharper focus during the pandemic.
Child rearing costs are even higher in China's major cities, hispanic things reaching more than 1 million yuan in Shanghai and 969,000 yuan in Beijing.
Birth rates in the two cities are even lower than the national average.
China would need to spend at least 5% of its annual GDP to create incentives for couples to have more children, including education subsidies, preferential mortgage rates, tax breaks, equal paternity and maternity leave, as well as the construction of more childcare centres, it added.