Tag: economy
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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 ... -
Macau posts 2.8% GDP growth in first half
The local economy is showing steady signs of recovery in 2025, with the latest figures from the Macau Economic Association (MEA) revealing a real GDP growth ... -
China’s exports jump 5.8% in June as tariffs reprieve prompts a rush of orders
China’s exports accelerated in June as a reprieve on U.S. tariffs prompted a rush of orders by companies and consumers ahead of an August deadline. Exports ... -
Secretary refutes the idea of reissuing consumption cards
The Secretary for Economy and Finance, Anton Tai, has dismissed the idea of issuing another round of consumption cards. At the Legislative Assembly, the Secretary refuted ... -
Economist questions effectiveness of IP-themed community projects
The Macau Economic Association (MEA) has forecast an improvement in overall economic data for the second quarter compared to the first, although it has acknowledged ... -
Job seekers voice hope and worries amid tough market conditions
In a bid to prioritize local employment, the Education and Youth Development Bureau (DSEDJ) has partnered with the Labour Affairs Bureau (DSAL) to host a three-day ... -
‘Pop Mart Macao Citywalk’ generated MOP680 million in spending
The Macao Government Tourism Office (MGTO) has revealed that the first phase of the “Pop Mart Macao Citywalk” attracted over 150,000 visitors and generated approximately MOP680 ... -
Tourism chief highlights IP-themed displays as key to boosting consumer spending
The Macau Government Tourism Office (MGTO) teamed up in June with Pop Mart to initiate a large-scale cultural tourism project that showcased trendy IP displays in ... -
Tai: Digital economy drives diversification
The Secretary for Economy and Finance, Anton Tai, has said that the digital economy is a critical engine for Macau’s economic diversification. Tai noted this during ... -
Citywide initiative boosts spending to MOP1.1 billion
The 10-week “2025 Community Consumption Grand Prize” campaign generated over MOP1.1 billion in total spending across the city, positively impacting businesses in the retail, catering, and ... -
Economists see ‘stable’ trend from June to August, warn of underlying concerns
The average daily number of visitors to Macau over the past two months has remained steady at about 100,000, leading to higher local hotel occupancy rates. ... -
China gets boost in retail sales as export goods stay home
China’s economy managed a mixed economic performance in May, as retail sales jumped while factory output slowed in the face of higher U.S. tariffs. Data released ... -
Gov’t lowers GGR estimate to MOP228 billion for 2025
The government has revised the general integrated budget revenue for this year to MOP116.5 billion, with total expenditure set at MOP116.2 billion, lowering the estimated gross ... -
Moody’s affirms Macau’s ‘Aa3’ credit rating, citing strong fiscal position
Moody’s Investors Service reaffirmed Macau’s long-term issuer rating at “Aa3”, reflecting the region’s strong fiscal fundamentals and robust external buffers. The rating places Macau in the ... -
European companies cut costs, scale back investments in China as its economy slows
European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual ... -
China weighs new industrial push despite US pressure to rebalance
President Xi Jinping’s administration is quietly preparing a fresh iteration of its industrial strategy aimed at boosting China’s technological self-sufficiency, signaling a continued commitment to manufacturing ... -
Economy slows in April as trade war blues hit retail sales, housing and investment
China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker ... -
GDP drops as consumer spending declines
The Statistics and Census Bureau (DSEC) has announced a revised gross domestic product (GDP) figure of MOP 99.76 billion for the first quarter of this year, ... -
UK becomes fastest-growing G7 economy after strong first quarter
The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed yesterday, in a welcome boost to ... -
Stable economic outlook expected through July
Macau’s economy has remained “stable” over the past two months, with the Macau Economic Association (MEA) predicting this trend will continue through July, indicating “remarkable resilience” ... -
World shares and US futures advance after trade pact
As trade envoys from the world’s two biggest economies blinked yesterday, finding ways to pull back from potentially massive disruptions to world trade and their own ... -
Exports to US sink, offset by trade with other economies, as US tariffs hit global trade
China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a ... -
Anton Tai leads delegation to visit European countries
Led by Secretary for Economy and Finance Anton Tai Kin Ip, the Macau government delegation recently embarked on an official visit to France, Monaco, and Luxembourg. ... -
GDP declines 1.3% in Q1 despite increase in visitor arrivals
The Macau Statistics and Census Bureau (DSEC) has reported a 1.3% year-on-year decrease in gross domestic product (GDP) attributed to changes in tourist consumption patterns, with ... -
White House unable to accomplish its goal but more than capable of ruining things
Although the US administration continues to brag about how the US economy is becoming stronger due to the policies it has introduced since it took office ... -
Economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs
China’s economy expanded at a 5.4% annual pace in January-March, the government said yesterday supported by strong exports ahead of U.S. President Donald Trump’s rapid increases ...
