GDP up 11.5%, surpasses pre-pandemic levels

Macau's economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this

Economic prosperity stable despite declining consumer confidence

The economic prosperity index in Macau is expected to remain stable between November 2024 and January 2025. According to a report published by the

Beijing is bracing for fresh tensions with Trump over trade, tech and Taiwan

The first time China faced Donald Trump in the White House, there was a trade war, a breach of protocol involving Taiwan’s former leader, and a

Growth expected to pick up after lull

China’s economy showed early signs of having bottomed out across the board in October, indicating that the country’s ramped-up efforts to revitalize domestic spending against external uncertainties

UM adjusts GDP growth downwards

The Centre for Macau Studies and the Department of Economics of the University of Macau have adjusted their projections for the local economic outlook

Fitch forecasts economic resurgence until 2025

Macau is experiencing a notable economic resurgence, bolstered by its robust public and external finances. Fitch Ratings Inc. has projected solid economic expansion in

China remains stabilizing economic force

With global geopolitical rivalries intensifying and more economies resorting to protectionism, the world economy faces gloomy prospects of low growth and high debt which could leave countries with

IMF chief warns that world risks falling into slow-growth rut

The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International

Beijing to boost financing for approved housing projects to $560 billion

China will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said yesterday in Beijing’s latest moves

Finance minister Lan says there is room for more stimulus but offers no plan

The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said this weekend, but he stopped short of unveiling a

China announces more support but holds back on major spending package

China’s economic planning agency outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans

Factory surveys show economy weakening, as Beijing steps up support

China’s economy weakened further in recent weeks, according to surveys released yesterday, signaling the need for more support as the government ratchets up stimulus. The

China cuts rates, rolls out other moves to help the slowing economy

China rolled out a raft of measures yesterday aimed at countering a prolonged downturn in its property market that is weighing on the world’s second largest

Intense preparation for ‘consumption grand prize’

Officials are intensifying efforts to stimulate Macau’s local economic activity, with the government gearing up for the launch of the “Macau Consumption Grand Prize” in early

European business confidence in China is at an all-time low, report says

China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group

Japan’s is growing, but political uncertainty is among the risks

Japan's economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and

GDP soars 15.7% in H1

The local gross domestic product (GDP) has recorded a significant growth of 15.7% in the first six months of this year, information from the Statistics and

Recovery dragged down by property slump and weak consumption in July

A continued property crisis and weak consumption dragged on China’s economic recovery in July, according to data released yesterday by the National Bureau of Statistics. Unemployment rose

Economists advocate direct support to consumers

China’s central government should consider additional direct support to consumers worth at least 1 trillion yuan ($139 billion) — either cash or vouchers — in the

MEA forecasts 17.5% GDP growth in first half

The Macau Economic Association (MEA) has forecast the local economy will post year-on-year growth of about 17.5% in the first semester (H1) of this year, according

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