Consumption

New Business

From global games to outdoor activities, China aims for US$980 billion sports economy

China is aiming to build a 7 trillion yuan (US$980 billion) sports sector by 2030 – complete with a series…

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China’s ‘Moutai of funeral services’ posts first loss in a decade as consumers stay cautious

China’s largest cemetery operator and funeral services provider, Fu Shou Yuan, reported its first loss in more than a decade,…

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Amid big-city gloom, can China’s far-flung counties become a key driver of consumption?

As widespread economic gloom in China’s megacities sees high-end restaurants close their doors one after another, Starbucks is accelerating its…

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China seeks to bolster demand by subsidising interest costs on consumer loans

China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts…

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Gen Z’s passion for live performances drives nighttime consumption in Shanghai

Young people’s passion for live performances is redefining the concept of “Night Shanghai” as they spend their nights immersed in…

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China’s luxury hotels sell street food to survive tough business climate

Catering at luxury hotels typically involves high-end banquets and formal entertainment, with exquisite decor and masterfully crafted dishes often seen…

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China urged to take bolder steps to tackle price wars, deflation and weak demand

Beijing’s latest push to curb price wars may help ease deflationary pressures, but analysts warn the current measures fall short…

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New Business

Economists say structural reforms needed to shift China’s focus to consumption

While eye-catching technological breakthroughs – led by the DeepSeek artificial intelligence (AI) model – have boosted confidence in China amid…

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China’s central bank doubles down on financing support to boost consumption

China is doubling down on its efforts to encourage domestic consumption, with the central government and the country’s wealthiest province…

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Chinese tech hub Shenzhen launches plan to support consumption, exporters amid trade war

China’s top export city and tech hub, Shenzhen, is stepping up efforts to boost domestic consumption and support exporters amid…

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