economic growth

New Business

China expands consumer subsidies, but can it ‘save the day’ for economic growth in 2024?

China’s second-largest provincial economy and its biggest city have expanded consumer subsidy schemes to boost household spending despite the risk…

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China’s central bank to cut reserve ratio again to add liquidity, aid growth: analysts

China’s central bank is expected to further cut the amount of cash that commercial banks must hold as reserve by…

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Starbucks seeks ‘strategic partnership’ to find a perk in China amid brewing price war

The world’s largest coffee chain is seeking help in China to perk up its flatlining sales, as it finds its…

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Wary of ‘vicious’ events, China makes migrant worker arrears a priority

As the year winds down, Beijing is stepping up efforts to tackle delayed payments for migrant workers and protect the…

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China’s birth rate unlikely to benefit from influx of Filipino helpers, analysts say

The minimum wage is 2,690 yuan a month in Shanghai, the highest in the country. “I’m also concerned about the…

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China to push supportive monetary policy as financial risks ease: central bank chief

The maturing debt of “most” of these financing platforms had either been extended, restructured or replaced, Pan said, adding that…

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China’s stock market turnover sinks to 4-year low as investors fret over stimulus

The daily turnover on China’s onshore markets has slumped to the lowest in four years, indicating investors are awaiting clearer…

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SM Group of the Philippines sees China as ‘formidable’ market force even amid uneasy ties

SM Investments Corp, the conglomerate controlled by the richest family in the Philippines, sees mainland China as a growth driver…

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China must focus on human development over infrastructure: population expert

China must prioritise investing in human development rather than infrastructure to ensure high-quality economic growth under Beijing’s agenda to promote…

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New Business

China’s consumption drive falls on deaf ears as consumers remain cautious, ask for more

China has also allocated around 300 billion yuan (US$42 billion) worth of ultra-long-term special government bonds to support industrial-equipment upgrades…

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