Category: economy of china

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Will AI and Robots Fuel China’s Next Big Consumer Boom?

China is looking for the next major products to motivate consumers to spend more. Technology seems to play a crucial role in this strategy. Last Sunday, China released a fresh action plan designed to encourage consumer expenditure, prompting numerous analysts to wonder if this latest “buy, buy, buy” push will prove successful this time. Throughout...

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OECD Warns: Trump’s Tariffs Threaten China’s Economy and Global Trade Growth

The Chinese economy is expected to expand by 4.8% this year, experiencing reduced demand across various sectors and areas. The Organization for Economic Co-operation and Development stated on Monday that China’s economy is expected to decelerate even more due to the new tariffs introduced by U.S. President Donald Trump, which will have worldwide implications. The...

Southeast Asia’s second largest economy expects rise in Chinese tourists in May
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Southeast Asia’s second largest economy expects rise in Chinese tourists in May

Thailand, the second largest economy in Southeast Asia, is hoping for a rebound in Chinese arrivals in May during the Labor Day holiday, after witnessing a decline due to safety concerns. The number of Chinese tourists visiting Thailand dropped by 12% compared to last year, totaling only 1 million in the initial two months of...