Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…
A young man in China was detained after he flaunted an impressive cash gift of 180 million yuan (US$25 million) from his grandmother for his birthday, only to later be discovered to have fabricated the entire story. On October 5, the man was exposed for showcasing luxury cars, jewellery, and antiques on his Douyin account…
Poverty has spread across Hong Kong and is no longer only concentrated in some older districts, a population health expert has warned, urging the authorities to reintroduce the official poverty line and mobilise the public to help tackle the problem together. But welfare chief Chris Sun Yuk-han has made it clear the government will stick…