The booming consumption figures and scenes during the May Day holiday have fully reflected the resilience and potential of China’s economy, said a Chinese Foreign Ministry spokesman on Thursday. According to statistics, during the five-day holiday starting May 1, the sales revenue of consumption-related industries nationwide increased by 15.2 percent year on year, the average…
As tariffs push the price of goods in the US higher, the secondhand clothing industry could reap the benefits. President Donald Trump first imposed a 10% tariff on Chinese goods in February. Since then, both countries have been stacking up retaliatory levies on each other. As it stands, the US tariff on goods imported from…
President Trump says the U.S. may be close to announcing new tariff agreements as his administration faces pressure to strike deals with major trade partners before a 90-day pause on reciprocal tariffs ends on July 9. Since announcing a bevy of tariffs from the Rose Garden in early April, President Trump and his team have been in…
China’s 2025 May Day holiday saw a strong rebound in travel and consumer spending, with both domestic and cross-border tourism reaching new highs, supported by the country’s advanced digital payment infrastructure. Why it matters:The May Day holiday, among China’s longest public breaks, is often seen as a key indicator of consumer spending sentiment in the…
Hong Kong stocks rose for a sixth straight day after Beijing unveiled a number of measures to support the economy and stabilise its markets ahead of US-China tariff talks this weekend. Overnight, the US Federal Reserve kept its interest rate unchanged, reiterating that it was not in a hurry to make cuts. Also, the Trump…
Hong Kong continues to get warmer as spring slowly changes to summer, so this is the weekend to check out The Daily Tot’s summer menu, sans alcohol for that beach bod – or if you’re looking for a cold one, Hong Kong Beer Co looks to launch an exceedingly hoppy double IPA at The Globe….
May 7, 2025 BEIJING – China’s tourism market went into full swing during the just-finished five-day May Day holiday, from Thursday to Monday. Latest figures unveiled by the Ministry of Culture and Tourism show that over the long break, domestic scenic spots have received about 314 million visits, up 6.4 percent year-on-year. Travelers have spent…
Why tariffs are making the trade deficit surge – CBS News Watch CBS News The U.S. is buying even more goods from other countries amid President Trump’s sweeping tariffs. Kelly O’Grady explains. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
Tariffs force U.S. bicycle company to halt imports from China – CBS News Watch CBS News American businesses, large and small alike, are adjusting to the Trump administration’s trade war with China. Tom Hanson reports one major company is halting shipments altogether. Be the first to know Get browser notifications for breaking news, live events,…
Consider this your official reminder: it’s Mother’s Day on Sunday! The long weekends may be over for now, but don’t miss the opportunity to show the special women in your life some love. And what better way to do so than through food? Read on for some last-minute inspiration on what to do this weekend….