How China is turning sport into serious business

The opening ceremony of China’s 15th National Games in Guangzhou On a wintry weekend with temperatures hovering just above freezing, an indoor ski dome

Manufacturers express cautious optimism on exports, survey shows

Manufacturers surveyed by the Statistics and Census Service (DSEC) on industrial exports expressed cautious optimism about the export outlook for the third quarter (Q3) of 2025.

Fitch: Macau’s economic growth forecast revised downward

Macau's economy is expected to grow by 4.5% in 2026, down from earlier projections, as tourism returns to more normal levels, Fitch Ratings announced Tuesday.

Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says

The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said yesterday, upgrading its outlook

Gov’t expects 1.9% budget reduction compared to 2025

The government budget for 2026 presents a 1.9% reduction compared to 2025, the Secretary for Economy and Finance, Anton Tai, admitted yesterday at the Legislative Assembly

Cultural industries hit MOP9.7 billion, led by digital media

Macau's cultural industries posted steady growth in 2024, with total service receipts up 12.7% year-on-year to MOP9.73 billion, according to data released by the Statistics and Census

Diversification produced limited results

The recently released 2026 Policy Address reaffirms the principle of appropriate economic diversification, with an industry insider noting that, despite the government’s efforts to promote

November events drive steady improvement in overall economic sentiment

Table tennis events at the 15th National Games, Galaxy Arena, last week The latest economic sentiment index from the Macau Economic Association suggests steady improvement in

High-value vouchers see strong redemption rates in community promotion, says economic chief

The latest citywide community consumer promotion campaign, set to conclude at the end of this month, has generated MOP1.06 billion in community spending, as reported by the

Beijing’s exports fall 1.1% in October, hit by a 25% drop in shipments to the US 

China's exports contracted in October, hit by a 25% drop in shipments to the United States, the government reported Friday. Persisting trade tensions with Washington

Economy posts 8% growth in Q3 on tourism surge

The local economy continued its steady recovery in the third quarter, buoyed by robust growth in the services sector and sustained tourist inflows during the

China to focus on speeding up self-reliance in science and tech in new five-year plan

China's ruling Communist Party said yesterday it will focus on speeding up self-reliance in science and technology, a long-running push that has become more pronounced as

Economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand

China's economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack

Consumption, credit, and investment confidence remain weak despite Golden Week boost

The Macau Economic Association (ACEM) announced that while third-quarter gross domestic product (GDP) is expected to rise by around 7% due to increased tourism and

Consumer confidence slips below optimistic range in Q3

The latest survey results from the Macau Consumer Confidence Index reveal a downward trend in the third quarter, with a significant decline that has pushed

Manufacturing shows modest gains in September

China’s manufacturing sector continued a slow but steady recovery in September, with the official purchasing managers’ index (PMI) rising to 49.8, up 0.4 points from August,

Anton Tai reports MOP110 million boost from consumption campaign, rules out cards

The latest round of a three-month campaign aimed at boosting consumption has reached its midpoint, with the financial secretary yesterday reporting approximately MOP110 million in

Major events to support Q4 economic recovery

Macau's economy is expected to accelerate its recovery in the fourth quarter, driven by a combination of tourism, major events, and domestic consumption incentives, according to

Lee unveils plans to boost economy and nurture emerging industries beyond finance

Hong Kong’s leader announced plans yesterday to speed up development of an economic powerhouse near its border with mainland China and nurture industries ranging from artificial

Economy expected to see moderate recovery through November

The local economy is expected to maintain a path of modest recovery in the coming months, according to the latest economic sentiment index released by

MACAU DAILY TIMES