Tag: economy
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Consumer prices fell in February and remain flat in a sluggish economy
Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the ... -
DSEDT sets up 60 card replacement points for seniors ahead of spending rewards campaign
The Economic and Technological Development Bureau (DSEDT) has partnered with the Macao Chamber of Commerce to set up 60 card replacement points for senior citizens. The ... -
Fitch projects that GDP growth will decelerate to 6.9% in 2025
Fitch forecasts GDP growth will slow to 6.9% in 2025, down from 8.8% in 2024, as gross gaming revenue (GGR) grows more slowly, reaching around 81% ... -
The economy and AI are likely to be among the top issues for the legislature
Harnessing the power of artificial intelligence and shoring up the economy are among the issues expected to top the agenda when the National People’s Congress (NPC) ... -
Gov’t financial reserve grew 5.3% on investment in 2024
In 2024, the Macau Special Administrative Region (SAR) Financial Reserve recorded an investment income of MOP30.95 billion, an annual return of 5.3%, the Monetary Authority of ... -
GDP reaches MOP403b in 2024 with 8.8% growth
The economy continued its recovery in 2024, with Gross Domestic Product (GDP) growing by 8.8% year-on-year in real terms, reaching MOP 403.3 billion, according to the ... -
Macau included in US list of ‘foreign adversaries’
A memorandum signed by President Donald Trump on the “America First Investment Policy” notes that the Macau Special Administrative Region (Macau SAR) has been officially included ... -
Inflation accelerates for the first time in six months
Inflation in the city accelerated in January, mainly due to the rising cost of meals purchased outside the home during the Lunar New Year. The Consumer ... -
President Xi meets with tech business leaders
President Xi Jinping met with private sector business leaders yesterday, state media reported, as government officials work to revive an economy disrupted by a pandemic, regulatory ... -
Association warns of declining tourist purchasing power
The Macau Economic Association has raised concerns over a decline in tourist purchasing power, citing global economic uncertainties and weakening spending by visitors. In its latest ... -
Economy grows more than expected on strong exports and moderate consumption
Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth ... -
Pereira Coutinho claims economy is not as strong as the gov’t suggests
Lawmaker José Pereira Coutinho believes the actual state of the local economy is not as positive as the government has been portraying. He argues that this ... -
Economy expected to rebound continuously in 2025: economist
The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. ... -
Visitors spent 5.8% more in 2024; Singaporeans top spending per-capita
The total visitor spending (excluding gaming expenses) rose 5.8% annually to MOP75.36 billion in 2024, the Statistics and Census Service (DSEC) reported. The result was credited ... -
AMCM: Macau poised for economic growth amid tourism boost in 2025
The city’s economy is on track for continued recovery, driven by sustainable tourism, rising non-gaming investments, and a stable financial system, according to the Monetary Authority ... -
China moves to boost languishing markets by ordering funds to invest more in shares
The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more ... -
SMEs struggling to comply with DSF unexpected inspections
Local small and medium enterprises (SMEs) are struggling to comply with recent requirements from the Financial Services Bureau (DSF). This requires business owners to provide additional ... -
GDP projected to grow by 7.7% in 2025 amid global uncertainties
The local economy is expected to grow by 7.7% in 2025, despite facing challenges from a slowdown in China’s economic growth and uncertainties in global economic ... -
Consumer confidence index rises slightly, but economic concerns linger
The city’s overall consumer confidence index saw a modest increase during the fourth quarter of 2024, rising by 2.54% to 102.95 points from the previous quarter’s ... -
Beijing outlines New Year resolutions to boost its economy
China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up ... -
Ella Lei expresses concerns on the impact of new outdoor venue on local SMEs
Lawmaker Ella Lei, representing the Macau Federation of Trade Unions (FAOM), has expressed concerns over the impact of the new Outdoor Performance Venue on the businesses ... -
China retail sales slow as consumers hold back, while home prices fall
Chinese retail sales slowed in November and housing prices fell, the government said yesterday, with demand still lackluster despite a flurry of stimulus measures over the ... -
Gov’t signals it’s prepared to double down on support for the economy as Trump tariffs loom
Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to ... -
Tariff hikes will backfire, and gov’t can manage such ‘external shocks’
Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a ... -
GDP up 11.5%, surpasses pre-pandemic levels
Macau’s economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this ... -
Economic prosperity stable despite declining consumer confidence
The economic prosperity index in Macau is expected to remain stable between November 2024 and January 2025. According to a report published by the Macau Economic ... -
Beijing is bracing for fresh tensions with Trump over trade, tech and Taiwan
The first time China faced Donald Trump in the White House, there was a trade war, a breach of protocol involving Taiwan’s former leader, and a ... -
Growth expected to pick up after lull
China’s economy showed early signs of having bottomed out across the board in October, indicating that the country’s ramped-up efforts to revitalize domestic spending against external ... -
UM adjusts GDP growth downwards
The Centre for Macau Studies and the Department of Economics of the University of Macau have adjusted their projections for the local economic outlook for this ... -
Fitch forecasts economic resurgence until 2025
Macau is experiencing a notable economic resurgence, bolstered by its robust public and external finances. Fitch Ratings Inc. has projected solid economic expansion in 2024 and ... -
China remains stabilizing economic force
With global geopolitical rivalries intensifying and more economies resorting to protectionism, the world economy faces gloomy prospects of low growth and high debt which could leave ... -
IMF chief warns that world risks falling into slow-growth rut
The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International ... -
Beijing to boost financing for approved housing projects to $560 billion
China will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said yesterday in Beijing’s ... -
Finance minister Lan says there is room for more stimulus but offers no plan
The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo’an said this weekend, but he stopped short of unveiling a ... -
China announces more support but holds back on major spending package
China’s economic planning agency outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced ...
