SMEs struggling to comply with DSF unexpected inspections

Local small and medium enterprises (SMEs) are struggling to comply with recent requirements from the Financial Services Bureau (DSF). This requires business owners to provide additional proof

GDP projected to grow by 7.7% in 2025 amid global uncertainties

The local economy is expected to grow by 7.7% in 2025, despite facing challenges from a slowdown in China’s economic growth and uncertainties in global economic

Consumer confidence index rises slightly, but economic concerns linger

The city’s overall consumer confidence index saw a modest increase during the fourth quarter of 2024, rising by 2.54% to 102.95 points from the previous

Beijing outlines New Year resolutions to boost its economy

China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev

Ella Lei expresses concerns on the impact of new outdoor venue on local SMEs

Lawmaker Ella Lei, representing the Macau Federation of Trade Unions (FAOM), has expressed concerns over the impact of the new Outdoor Performance Venue on the businesses

China retail sales slow as consumers hold back, while home prices fall

Chinese retail sales slowed in November and housing prices fell, the government said yesterday, with demand still lackluster despite a flurry of stimulus measures over the past

Gov’t signals it’s prepared to double down on support for the economy as Trump tariffs loom

Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to

Tariff hikes will backfire, and gov’t can manage such ‘external shocks’

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a

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

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