Diversify economy and tackle livelihood issues, Xi Jinping tells Macau’s next leader

Diversify economy and tackle livelihood issues, Xi Jinping tells Macau’s next leader

Chinese President Xi Jinping has instructed Macau’s next leader to adopt a spirit of responsibility, further diversify the gaming hub’s economy, tackle livelihood issues and improve the city’s national security legal regime. Chief Executive-designate Sam Hou-fai, who shared the words from the country’s leader, also said on Saturday that he planned to finalise his choice…

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Who makes China’s stimulus decisions, and what’s the procedure?

Who makes China’s stimulus decisions, and what’s the procedure?

In recent weeks, expectations of China unleashing a major stimulus reached a crescendo as the top brass of China’s major economic ministries and commissions took turns appearing on stage in the State Council’s press conference hall. After an initial larger-than-expected monetary package unveiled in the last week of September, some market players voiced disappointment at…

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