Exports slumped 12.4% in June from a year earlier as global demand weakened

China's exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese

Macau records below-passing Consumer Confidence Index in Q2

The city has obtained a score of 94.33 in the Consumer Confidence Index in the second quarter of the year, on a scale of 0

Survey shows manufacturing contracted in June as export orders decreased

China's factory activity contracted for another month in June as export orders decreased, an official survey showed Friday, adding to signs an economic rebound following the

Premier says economic growth is accelerating and the country can hit its 5% target this year

China's No. 2 leader said yesterday that economic growth accelerated in the latest quarter and expressed confidence it can hit the ruling Communist Party’s official target of

UK borrowers brace for more expensive loans as inflation fails to fall as anticipated

Borrowers in the U.K. will be bracing themselves for further increases in lending costs after official figures yesterday showed inflation failing to fall as anticipated in

New Zealand’s economy dips into recession as higher interest rates bite

New Zealand’s economy has dipped into recession as higher interest rates take their toll, new figures released yesterday show. Gross domestic product fell by 0.1%

City’s Prosperity Index remains at ‘Stability’ level

With a projected Prosperity Index at 5.5 for June 2023, Macau’s economy should retain robust synergy and achieve better results during the summer holiday, the Macau

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

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