Hong Kong's retail sector has seen a 7.3% decline in 2024, mainly due to reduced spending by mainland Chinese tourists despite a surge in visitor arrivals.
Tags: China economy
China Turns to Kitchen Appliances, Cars, Electronics for Economic Recovery; But Economists Are Skeptic
China's economy is trying to boost consumer spending through trade-in discounts for appliances and cars, but some economists doubt its long-term effectiveness.
China May Raise Budget Deficit to Boost Economy in 2025
China's top leaders will meet at the Central Economic Work Conference next week to discuss 2025 policies, GDP targets, and economic stimulus plans amid US trade tensions.
China Expands Visa-Free Access to 9 More Countries to Revive Economy
To revive its economy, China is expanding its visa-free entry program to 38 countries starting November 30, aiming to boost tourism, business, and improve diplomatic relations.
China Set to Introduce $283 Billion Stimulus This Weekend to Boost Consumer Spending and Provide Local Debt Relief
Investors are hopeful that China will announce a fiscal stimulus package of up to $283 billion to boost economic recovery and reduce reliance on debt-driven growth.
Latest News
Due to economic challenges, Uniqlo, Nike, and other global apparel brands are struggling in China as consumers increasingly choose affordable, unbranded alternatives.
China's export growth picked up in May despite US trade tensions, according to customs data. China's export growth picked up in May faster than in over a year despite US trade tensions, according to customs data released on Friday, June 7.
Global fund managers are returning to China as MSCI China Index climbed 24% from its January low, leading to a $2 trillion increase in market value.
President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.
Even if China's economy slows down, the Asian Development Bank (ADB) said it will still be the largest growth engine for the world economy.
China's import and export growth in January and February exceeded expectations. China's import and export growth in January and February exceeded expectations, giving officials hope that global trade is improving amid sluggish economic recovery.
Besides 12 million jobs, China will also increase defense, technology, and science efforts. (Photo : Photo by Kevin Frayer/Getty Images)BEIJING, CHINA - SEPTEMBER 29: A Chinese man stands in front of his business next to China's national flag in advance of the country's national holidays, also known as Golden week, on September 29, 2020 in Beijing, China.
The Third Plenum has not yet materialized, raising concerns about the country's ability to tackle economic challenges despite anticipated ambitious growth targets.
A team of five officials from the US Treasury Department is heading to China this week for economic talks.
