Post Tagged with: "Economy"

Can China walk out of economic difficulties by relying on its old playbook of debt?

Can China walk out of economic difficulties by relying on its old playbook of debt?

China is banking on a new wave of debt-fuelled infrastructure spending to arrest a deepening economic slowdown, but the surge in local government debt may complicate Beijing’s long-term efforts of reining in financial risks in its economy. In an unusual move last week, China’s National People’s Congress Standing Committee authorised […]

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

The effectiveness of a move by China’s central bank to inject up to an expected 700 billion yuan into the world’s second largest but worryingly slowing economy is difficult to calculate given the lack of transparency in the monetary policy, warned a chief economist. The People’s Bank of China (PBOC) […]

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China, US set to join groundbreaking talks at WTO aimed at limiting government snooping on private data

China and the United States are to take part in groundbreaking talks on restricting government surveillance of private companies’ e-commerce data. A proposal to this effect will be introduced by Australia, Japan and Singapore this month, according to the Nikkei Asia Review. The proposed ruling, which has been in the […]

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

Arresting a deepening economic slowdown, not making “baseless” deep-rooted structural reforms, should be the top priority for China’s economy in 2019, a senior economist said. Yu Yongding believes Beijing needs to take every possible measure, including increasing money supply and boosting fiscal spending, to prevent the world’s second largest economy […]

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring

Baidu chief executive Robin Li Yanhong warned that “winter is coming” as China’s economy shifts to a lower gear, while challenging employees at the company he co-founded to step up their game. While economic restructuring is “as cold and real as winter to every company,” Li said in a letter […]

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China economy endures bad start to 2019 as private data highlights weakening manufacturing sector

China’s slim hopes of an economic upturn in 2019 suffered a blow on the first working day of the new year as a privately compiled economic gauge showed signs of weakening manufacturing activities. The Caixin Purchasing Managers’ Index (PMI), which tracks the activities of small and medium-sized enterprises, dipped below […]

High-rolling VIPs help Macau casinos pull in gaming revenues of US$37.6 billion in 2018

High-rolling VIPs help Macau casinos pull in gaming revenues of US$37.6 billion in 2018

Gambling revenue in Macau rose 14 per cent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to rebound from a prolonged slump. December was also the 29th straight month where revenue in China’s only legal gambling hub rose versus the same […]

China’s service activities expanded in December despite broader economic slowdown

China’s service activities expanded in December despite broader economic slowdown

Growth in the Chinese service sector accelerated to a six-month high in December, according to a private gauge released on Friday, demonstrating some resilience in the world’s second largest economy. The service sector purchasing managers’ index (PMI), compiled by Markit and published by Chinese financial news outlet Caixin, rose to […]

China prepares for testing 2019 by freeing up US$210 billion in latest move to boost ailing economy

China prepares for testing 2019 by freeing up US$210 billion in latest move to boost ailing economy

China made its first major monetary policy easing announcement of 2019 on Friday as Beijing prepared to roll up its up sleeves to battle a year that is expected to be filled with economic hardship as well as numerous other challenges at home and abroad. The People’s Bank of China […]

Beijing cultivating 24-hour shops and restaurants to boost economy

Beijing cultivating 24-hour shops and restaurants to boost economy

Residents enjoy snacks at Beijing‘s Donghuamen night market before it was closed in June 2016. Photo: VCG Late night coffee shops, 24-hour hotpot restaurants, and glittering window displays are common things in cities in southern China, as local residents tend to spend more time out of their homes after work. […]