News & Insights Across Asia
China’s Spring Festival celebrations have sparked a surge in consumer spending, signaling a robust start to the nation’s 2024 economy and highlighting strong domestic demand and consumption upgrades.
As the 2024 Spring Festival approaches, China’s revitalized consumption market is poised to boost economic growth, with more people integrating travel and entertainment into their holiday traditions.
Suzhou, China’s most populous city in Jiangsu Province, unveils a mesmerizing nightscape that reflects its role as a vibrant economic center and trade hub.
Chengdu witnesses a surge in ice and snow sports, boosting tourism and consumption as the winter economy thrives even in China’s warmer southern regions.
Gold jewelry sales are soaring in China’s lower-tier cities during the Spring Festival, driven by rising incomes and cultural traditions, making these cities key drivers of the gold industry.
Standard Chartered CEO Bill Winters expresses optimism about China’s economic transition at the World Government Summit, highlighting the booming ‘new economy’ sectors and sustainable finance.
China experiences a surge in consumption and travel during the Lunar New Year holiday from February 10 to 17, with box office revenues exceeding 4 billion yuan and increased activity in retail and tourism sectors.
As the Spring Festival approaches, China’s focus on boosting domestic consumption aligns with the festive season’s surge in spending on cultural activities, travel, and goods.
Despite Western reports of a historic investor shift from China to India, China’s economy demonstrates resilience with strong growth and consumption, remaining a key driver in global markets.
The OECD forecasts a moderate rebound for China’s economy in 2024 and 2025, positioning it as a key contributor to global growth amid a resilient but uneven global economic landscape.
Foreign business leaders express renewed confidence in China’s economic openness, highlighting its role in 2023 growth and prospects for 2024.
Yuan Ye, Vice Chairman of China’s SASAC, discussed strategies for enhancing the development of central SOEs by boosting their core functions and competence at a recent press conference.
Fengtai District in Beijing is emerging as a new commercial hub with the Lize Financial Business District and the upcoming city terminal, aiming for ambitious growth and innovation.
At Davos 2024, Chinese Premier Li Qiang emphasized China’s commitment to openness and sustainable growth, injecting confidence into the global economy amid discussions on cooperation and challenges.
Kang Yi, commissioner of the National Bureau of Statistics, presented China’s 2023 economic performance at an SCIO press conference, highlighting growth and future prospects.
China’s economy shows remarkable resilience in 2023, navigating global uncertainties with innovation and openness. New productive forces and technological advancements propel growth in the world’s second-largest economy.
China’s Central Economic Work Conference outlined economic goals for 2024, focusing on stabilizing growth, boosting domestic consumption, and fostering innovation amid global challenges.
China is embracing its aging population as an asset, leveraging the “silver economy” to drive sustainable growth through innovative policies and educational reforms.
Leading economists share insights on China’s anticipated economic recovery in 2024, highlighting policies for stability and growth, innovation, and opportunities impacting the global economy.
China’s 2024 New Year’s Day holiday showcases robust economic growth with surging consumer spending and tourism. Sales and travel figures indicate strong domestic demand and economic resilience.