China to deliver decent future growth despite challenges: Morgan Stanley economist

China has made remarkable progress in its economic recovery, says Morgan Stanley Chief China Economist Robin Xing, adding that although there are still challenges, he is

From AI and inflation to Musk and Swift

AI GOES MAINSTREAM Artificial intelligence thrust itself into public consciousness this year. But the technology, while dazzling for its ability to retrieve information or produce readable prose,

Economy to surge up to 21% in 2024

Macau's economy is forecasted to experience significant growth of between 8.3% and 21.0% in 2024, driven by diversification efforts. The University of Macau’s (UM)

Ho calls for further diversification efforts

Highlighting satisfactory economic data from this year, Chief Executive Ho Iat Seng called for all walks of life to help with diversification during his speech

Economy is forecast to slow sharply in 2024, the World Bank says, calling recovery ‘fragile’

China's economy grew at a 5.2% pace in the first three quarters of the year and showed signs of improvement in November, with factory output and retail

Uneven recovery still problematic in Macau: MEA

The uneven recovery of the city’s economy remains a problem, the Macau Economic Association (MEA) has noted. The group said that although tourism districts,

World Bank forecast economy to slow sharply in 2024

China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year despite a recent recovery spurred by investments in factories and

Macau to retain strong growth: Fitch

Fitch Ratings predicts Macau’s year on year growth to remain strong, at 15% in 2024 from 76% in 2023, off the back of sharp rebounds

Economy Secretary confident in tourist arrivals reaching 28 million

The Secretary for Economy and Finance, Lei Wai Nong, is confident Macau will see 28 million tourists by year-end, given there have been over 25

MICE sector shows signs of recovery as revenues surge

Receipts and expenditure of exhibition organizers totaled MOP38.58 million and MOP97.76 million respectively in the third quarter, representing growth of 279.0% and 155.5% year-on-year respectively.

Economy at 77% of pre-pandemic levels

The city’s economy expanded by 116.1% year-on-year in the third quarter of 2023, attributable to thriving services exports. Notably,  growth in gaming services exports and

Group expects economy to remain stable next three months

The end of the year will bring an even higher number of events, which will bring additional energy into the economy – expected to be

China shows sparks of life, despite persisting weakness in troubled real estate sector

China's economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said yesterday.

Chinese imports rise in October while exports fall for sixth straight month

China's imports rose in October while exports fell for a sixth straight month compared with a year earlier in the latest evidence the world’s second largest economy

Premier Li seeks to bolster his country’s economic outlook at the Shanghai export fair

Chinese Premier Li Qiang yesterday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around

Balancing ‘visible and invisible’ hands in diversification: Lei

Secretary for Economy and Finance Lei Wai Nong said economic diversification will be orchestrated under “the leadership of the market and the guidance of the government.”

IMF: Macau has highest GDP growth rate until 2024

Macau has the highest growth rate projection for 2023 and 2024 among advanced economies listed by the IMF World Economic Outlook (WEO). The International Monetary

Group expects Q3 GDP to soar 130% y-o-y

Considering the extraordinarily weak gross domestic product (GDP) performance in the third quarter of last year, the figure for the third quarter this year may rise 130%,

Inflation data show economy in doldrums despite a slight improvement in trade

China's economy remains in the doldrums, data released Friday showed, with prices falling due to slack demand from consumers and businesses. Consumer prices remained flat

Fitch forecasts 65% GDP rebound in 2023

Fitch Ratings anticipates growth of up to 65% in Macau’s economy this year, driven by sustained recovery in the gaming and tourism sector. In its

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