May Day Holiday Signals Mixed Results for Chinese Consumer Trends Chinese Consumer Confidence Tested Amid Growing Travel and SpendingThe recent May Day holiday has emerged as a significant indicator of consumer sentiment in China, showcasing a blend of heightened travel activity and modest spending. The five-day celebration, traditionally a peak time for family trips, witnessed…
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…
Hong Kong’s restaurants expect a modest 5 per cent rise in business at most during the “golden week” holiday despite visitor numbers increasing by a third over the first two days, as mainland Chinese tourists have tightened their purse strings, industry leaders have said. Hong Kong welcomed 567,928 visitors on Thursday and Friday, the first…
Hong Kong’s restaurants expect a modest 5 per cent rise in business at most during the “golden week” holiday despite visitor numbers increasing by a third over the first two days, as mainland Chinese tourists have tightened their purse strings, industry leaders have said. Hong Kong welcomed 567,928 visitors on Thursday and Friday, the first…
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
Actors in traditional costumes perform for tourists at Zuidongfeng art village in Tancheng County, east China’s Shandong Province, April 6, 2025. (Photo/Xinhua) Beijing – In Liba Village, about 1.5 hours’ drive from downtown Chengdu in southwest China’s Sichuan Province, dozens of steaming hot pot tables dotted the fields, where tourists dined amid a golden sea…
Hong Kong’s commerce minister has rejected a lawmaker’s suggestion to merge public broadcaster RTHK with the government’s press department, saying there were no overlaps in job responsibilities. RTHK also came under fire on Wednesday over its staffing levels, with lawmaker Regina Ip Lau Suk-yee calling for in-depth reforms at the broadcaster and better use of…
By Casey Hall, Liam Mo and Che Pan SHANGHAI/BEIJING (Reuters) -Spurring reluctant Chinese consumers to spend has been elevated to the top of Beijing’s to-do list for 2025, leap-frogging technology and industrial production, as lawmakers look to rectify imbalances in the world’s second-largest economy. Chinese Premier Li Qiang’s report on Wednesday to the annual meeting…
Last week, the emergence of a new AI model from China’s DeepSeek sparked investor concern that the AI spending boom may cool off as companies find cheaper ways to fulfill their AI goals. This spawned a massive sell-off in Nvidia’s (NVDA) stock, with the prevailing thought being that companies may not allocate as much spend…