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China Approves Mega Canal Project Linking Resource-Rich Jiangxi to Wealthy Zhejiang
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Analysts suggest that Beijing’s initiative to construct additional man-made waterways aims to better connect inland economic areas with the wealthier coastal regions. According to a recently issued policy document, China’s government has formally incorporated a 767-kilometer-long canal into its plans. This canal would connect the interior rare earth center in Jiangxi Province with the…
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Airasia Trims China Flights As Demand Wanes
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AirAsia is contemplating cutting back on flights between Thailand and China by at least 15% as a response to the downturn in the Chinese market. Simultaneously, the airline urges the Thai authorities to maximize tax refund benefits for visitors in an effort to swiftly boost consumer expenditure. Tassapon Bijleveld, executive chairman of Asia Aviation,…
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AirAsia Trims China Flights as Demand Wanes
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AirAsia is contemplating cutting back on flights between Thailand and China by at least 15% as a response to the downturn in the Chinese market. Simultaneously, the airline urges the Thai authorities to maximize tax refund benefits for visitors in an effort to swiftly boost consumer expenditure. Tassapon Bijleveld, executive chairman of Asia Aviation,…
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China’s Consumption Decline Worsens Amid Tariff War Impact
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China said Saturday that consumer prices slumped in April for the third straight month, reflecting persistent challenges as leaders attempt to revive an economy stymied by sluggish spending and a fierce trade war with Washington. The world’s second-largest economy has grappled with persistent deflationary pressure in recent years, as longstanding woes in the property…
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China’s Sales to U.S. Slump Despite Export Surprises
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China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that…
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China’s Gaming Giants Eye Overseas Expansion as Domestic Market Slumps
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In 2024, the overseas sales of video games developed in China saw an increase of 13.4 percent compared to the previous year, reaching $18.6 billion. China’s video gaming According to a survey of the companies’ most recent annual reports, their international operations became major sources of income in 2024 due to sluggish growth in…
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Chinese banks’ annual credit loses to average $353b in next two years
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Nonperforming assets and bad debt are expected to rise. Chinese banks ‘ nonperforming assets (NPA) ratio may rise to 6.3% through 2027 as trade disputes weigh on the economy. The US trade policy may result in more bad debt from small companies and unsecured lending, said S&P Global Ratings credit analyst Ming Tan. Tan…
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Chinese Shoppers Spend Avg. $79 Per Person This Holiday Season
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During the May Day holiday, Chinese travelers increased their expenditures by 8% compared to the previous year, reaching 180.27 billion yuan (approximately US$24.92 billion). However, this figure remained below pre-pandemic levels. Additionally, China’s service sector experienced growth at its lowest rate in seven months throughout April. The May Day holiday, one of the country’s…
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Chinese Ambassador Pledges Strategic Investments to Support Government Goals
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…states that Africa needs to utilize the AfCFTA for achieving economic autonomy. By Juliet ETEFE ( [email protected] ) The Chinese Ambassador to Ghana, Tong Defa, has reiterated China’s dedication to backing Ghana’s newly established development goals via carefully planned and focused investments. He mentioned that the emphasis is on regions driving industrialization, modernizing agriculture,…
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Malaysia Expects 20% Jump in Durian Exports to China, Led by Musang King
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Exports of durians from Malaysia to China are expected to increase by 15% to 20% this year due to high consumer demand, even though they face some difficulties because of adverse weather conditions. As stated by Loh Wee Keng, the chairman of the Malaysia Chamber of Commerce and Industry in China, the demand from…