Tag: economy
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How China is turning sport into serious business
On a wintry weekend with temperatures hovering just above freezing, an indoor ski dome in the eastern Chinese city of Wuxi buzzed with the sound of ... -
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. The ... -
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 ... -
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 ... -
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 four ... -
November events drive steady improvement in overall economic sentiment
The latest economic sentiment index from the Macau Economic Association suggests steady improvement in overall economic sentiment, with projections indicating the index will remain within the ... -
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 ... -
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 may ... -
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 summer ... -
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 leisure ... -
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 consumer ... -
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 voucher ... -
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 the ... -
China’s export growth slows in August as US tariffs and trade tensions bite
China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said yesterday. Exports reached $321.8 billion in August, ... -
Concert economy could generate sevenfold spending, travel sector says
Chief Executive Sam Hou Fai has been soliciting opinions and suggestions from various sectors for his 2026 fiscal year Policy Address, introducing proposals to enhance Macau’s ... -
Factory activity contracts in August despite extension of trade truce with US
China’s factory activity contracted in August, marking five consecutive months of decline, according to an official survey released yesterday, after a trade truce between the U.S. ... -
Macao Chamber of Commerce urges gov’t to invest in ‘silver economy’
The Macao Chamber of Commerce (ACM) has proposed a series of measures targeting the elderly to the government. According to the ACM, the proposals aim to ... -
Economic association forecasts uneven recovery over next three months
The Macau Economic Association’s (MEA) latest Economic Sentiment Index indicates that, despite a strong influx of tourists in June, consumer confidence among mainland Chinese visitors remains ... -
Economy lags in July under pressure from tariffs and a weak property market
China’s economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty ... -
Number of companies shutting down in 1H drops from the highest in 25 years
The number of companies closing doors in Macau in the first half of this year (1H) has dropped significantly year-on-year compared to 2024, the Statistics and ... -
Gov’t considers consumption campaign to stimulate ZAPE economy
The Economic and Technological Development Bureau (DSEDT) has announced plans to introduce a consumption grand prize campaign for visitors to ZAPE, which it aims to launch ... -
Anton Tai urges appropriate economic diversification for long-term stability
Secretary for Economy and Finance Anton Tai has called for appropriate economic diversification to tackle socio-economic challenges and secure the city’s long-term stability, as the city’s ... -
HK’s economy has two gravity-defying puzzles
Hong Kong is confronted with two gravity-defying puzzles this year. Investors are asking why the city’s interest rates are so low, and yet the housing market ... -
Beijing sees positive price trends in July amid demand pickup
China reported positive signs in terms of both consumer and producer prices last month, as government policies to boost domestic demand continued to take hold. The ... -
Tourist area consumption shows signs of weakness despite rising visitor numbers
Despite tourism authorities’ optimism about a strong summer rebound, with one economist projecting visitor arrivals could exceed the 2019 total of 39.4 million by year-end, the ... -
ZAPE to transform into a night market for 10 days starting Friday
The Macao Tourism Government Office (MGTO) announced yesterday that it will partner with the Association of Returned Overseas Chinese Macau to host a 10-day night market ... -
Customs seize MOP2.42 million on counterfeit goods, arrest 4
The Customs Service (SA) said in a statement that the customs authorities of Guangdong Province, Hong Kong, and Macau have been jointly conducting operations to enforce ... -
Preliminary GDP figures point to recovery in Q2
Macau’s economy has shown signs of recovery in 2025, returning to positive growth in the second quarter (Q2). According to a release by the Statistics and ...
