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As Chinese society becomes more atomised, consumers devoid of human interaction are increasingly opening their wallets to stave off loneliness.
Deregulation and ‘people-centred urbanisation’ that fills public service gaps can spur consumption, Hong Kong forum told.
Consumer prices in China nudged higher in October, while the cost of goods at the factory gate fell for the 25th month in a row.
US President-elect Donald Trump has said he would impose a 60 per cent tariff on Chinese goods.
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Events will take place in Shanghai, Beijing, Guangzhou, Tianjin and Chongqing in November to coincide with China’s annual Singles’ Day event.
Higher tariffs are a near-certainty with Donald Trump set to reenter the White House, but China is prepared for a new phase of struggle.
As residents of China’s lower-tier cities catch up in terms of spending power, outbound flights from smaller airports are on the rise.
‘Possible future sanctions from the US’ under a new US president have set off alarms in Beijing’s policy circles.
China’s official manufacturing purchasing managers’ index returned to growth in October, ending five straight months of contraction.
Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.
Against the backdrop of ‘rotten-tail kids’ and a newly announced ‘1131’ service to help find young people jobs, latest jobs data for September offers glimmer of hope.
Five-year loan prime rate lowered from 3.85 per cent to 3.6 per cent, the People’s Bank of China said on Monday.
China just saw its slowest economic growth in more than a year, but analysts say Beijing’s stimulus plans could still right the ship.
UBTech’s Walker S1, officially unveiled on Monday, has already begun training in factories, including electric vehicle maker BYD.
All-China Federation of Industry and Commerce report shows China’s top 500 private enterprises cut 314,600 jobs in 2023 compared to a year earlier.
China’s consumer price index grows by 0.4 per cent year on year in September, while the producer price index slips by 2.8 per cent.
Chinese travellers and tourists spent 700.82 billion yuan during the just-ended holiday week – a 7.9 per cent increase from the same period in pre-pandemic 2019.
‘Port visas’, which can be applied for upon entry into China, are being embraced as more inbound tourists seek out simpler travel methods.
As China seeks long-term investment with higher risk tolerance, insurance funds have been brought up as one potential option.
The second entry in a historical war trilogy leads the way, with a sci-fi action film on its tail, but China’s film industry is still chasing pre-pandemic interest.
China’s official manufacturing purchasing managers’ index beat expectations in September, but the reading from a private survey slipped into contraction.
Some 60 per cent of Chinese domestic travellers are expected to embark on long-haul trips over the seven-day National Day holiday, which starts on Tuesday.
‘Consumers with real spending power still have a strong demand for products that are high-end, experiential and relatively niche,’ analyst says.
The three start-ups have opened offices in Hong Kong to leverage the city’s talent and research prowess.
Home-grown firms FansWave, Farmacy and Allied Environmental Consultants sign agreements with UAE investment firm at Belt and Road Summit.
InvestHK has assisted nine medical technology companies to set up or expand their businesses, attracting US$7.7 million of investments.
Hong Kong can provide intellectual support in terms of talent and guidance on capital flows, according to a research report on sustainability trends.
Companies are shifting their focus to capitalise on opportunities presented by China’s ageing population. For some, the strategic pivot is starting to pay off.
Fashion tech start-up to get a strategic investment partner to help fund its expansion plan. Money will be used to add more features and enhancements to its AiDA software, CEO Kim Wong says.
More respondents in a Klook survey want policies that insure against natural disasters and travel scams. Hong Kong travellers are willing to pay for premium plans to get ‘maximum peace of mind’.
