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...
Category: economy of china
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
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...
Business leaders predict sharp decline in Chinese exports due to US tariff dispute
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