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

Chinese planners promise 12 million jobs, economic rebound

Chinese economic officials expressed confidence yesterday they can meet this year’s growth target of “around 5%” by generating 12 million new jobs and encouraging consumer spending following

GDP plunges 27% in 2022

The economy of Macau declined by 26.8% year-on-year in real terms in 2022, data from the Statistics and Census Service (DSEC) showed. In 2022,

UM forecasts up to 44% GDP growth in 2023

The University of Macau (UM) projects that the economy will grow between 20.5% and 44.1% this year, with recovery being more obvious in the second half

China’s growth falls to 3%, gradually reviving

China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump,

Group expects Prosperity Index to improve this month

The city’s Prosperity Index is estimated to increase by almost a whole point this month, the Macau Economic Association (MEA) announced in a statement. The index

China’s trade surplus swells to $877.6b as exports grow

China's trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut

Chinese regulators approve capital expansion for Ant Group

Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the

Prosperity expected to remain ‘low’ 2023Q2

The city’s prosperity index will likely bounce out of low rankings during or by the second quarter next year, the Macau Economic Association (MEA) has estimated.

Fitch estimates 46% rebound in 2023 amid ‘lack of clarity’ on timing of policy shifts

Heightened policy uncertainty and a lacklustre recovery in mainland China, coupled with the global monetary tightening cycle and recessions in the US and Eurozone, will affect growth

SAR’s bleak scenario continues as GDP contracts 33% in Q3

The SAR’s gross domestic product (GDP) plunged 33.4% year-on-year in the third quarter of this year as the city battled its largest outbreak since 2020.

UK inflation accelerates to 41-year high of 11.1%

Britain's inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when

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