After good first quarter, China struggles with weaker recovery

Sales of Yizhuan Automobile Co.’s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear as managers struggle

Trade tumbles in May, adding to signs economic recovery is slowing

China's exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic rebound following the end of anti-virus

Europe sees inflation drop to 6.1%, but real relief will take months

Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see

GDP up 38.8% year-on-year in Q1

Macau's Gross Domestic Product (GDP) saw growth of 38.8% in the first quarter (Q1) of this year compared to the same period of 2022, a

Recovery faces pressure after April activity weak, youth unemployment rises

Chinese leaders face pressure to shore up a slowing economic recovery and generate jobs after consumer spending and other activity in April were weaker than expected and a

Volkswagen sees sales slump in China, vows rebound this year

Volkswagen profits fell 30% in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where

Beijing boosts German business optimism, but challenges ahead

A key measure of German business optimism rose in April for the seventh month in a row amid lower natural gas prices and the reopening of the Chinese

German government, unions reach pay deal for public workers

German government officials and labor unions have reached a pay deal for more than 2.5 million public-sector workers, ending a lengthy dispute and heading off the possibility

Growth accelerates with consumption boost

China's economic growth accelerated in the latest quarter as consumer flocked back to shops and restaurants following the abrupt end of anti-virus controls. The 4.5% growth

Q2 GDP expected to nearly double y-o-y

Macau's Gross Domestic Product (GDP) for the second quarter of this year is expected to rise by 90% year-over-year, the Macau Economic Association (MEA) has noted

Economy Auto show highlights intense electric car competition

Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show,

Exports rebound unexpectedly to growth in March

China's exports rebounded unexpectedly to growth in March despite a decline in U.S. and European demand following interest rate hikes to cool inflation. Exports rose

ADB forecasts China, India to power strong growth in ‘23

China's recovery from the pandemic and strong demand in India will drive strong economic growth in Asia this year, the Asian Development Bank said in a

Commodity prices unlikely to fall: Academic

The possibility of commodity prices falling soon remains vague, president Samuel Tong Kai Chung of the Macau Institute of Management said. He said the pressure

Bank survey shows Japan’s businesses turning pessimistic

Business sentiment among big Japanese manufacturers worsened in the first quarter of this year in the fifth straight decline, according to a central bank survey released

Consumer prices up 1.02% in February

The average Composite Consumer Price Index (CPI) has grown in February by 1.02% in comparison with the last 12 months, a statistics release from the

GBA’s GDP totals RMB13t in 2022

The gross domestic product (GDP)  in the Greater Bay Area (GBA) exceeded RMB13 trillion last year. The data from the Bureau of Statistics

Economy bouncing back from Covid, prosperity ahead

The local economy, as reflected by the Prosperity Index, has swiftly bounced back up to 3.6 points in January and is expected to reach 4

Economy recovering to over 60% of pre-pandemic era: Pansy Ho

As at Chinese New Year, Macau’s economy has recovered to 60–70% of the pre-pandemic era, said Pansy Ho, CPPCC member, vice president of the All-China Federation

China’s trade contracts as Western demand weakens

China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes, adding to pressure on

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