China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales expected to remain flat this year, consultancy Bain and Company said at the launch of its latest 'China Luxury Report' on Tuesday.
The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend,
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
China has seen a year of green triumphs and high-tech gains, but how its economy navigates real estate woes, cautious consumers and the return of Trump remains to be seen.
China's economy grew 5% last year, matching the government's target, but in a lopsided fashion, with many people complaining of worsening living standards as Beijing struggles to transfer its industrial and export gains to consumers.
3don MSN
China has reported that its economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures.
China's development model is at a crossroads, with a choice between much higher spending on pensions and healthcare or industrial upgrades and urbanization.
· 4h
China’s Self-Reliance Push Hampers Trump-Pleasing Energy Deals
Donald Trump says China tariffs could hinge on TikTok deal
Within hours of his inauguration on Monday, Trump postponed a deadline requiring TikTok’s Chinese parent company ByteDance to sell its stake in the app or face a ban in the country. Trump argued that the US “should be entitled to get half of TikTok ” if the app continued operating beyond that cut-off and that he could “certainly” impose tariffs on China if it rejected a deal,
· 1h · on MSN
Trump 2.0: 'A great bargain' with China is in the making, economist says
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
China's economic growth likely fell fractionally short of the government's five percent target last year, according to an AFP survey, as leaders head into 2025 steeling for the second presidency of Donald Trump amid fears of another painful trade standoff.
has raised China’s 2025 growth forecast to 4.6 per cent from an earlier projection of 4.5 per cent, as stimulus measures start percolating in the world’s second-largest economy. “This ...
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