China stimulus scheme lifted 2024 consumption growth by 1 pct point
China's stimulus scheme for consumer goods trade-ins boosted last year's consumption growth by more than 1 percentage point, ...
What will cost you more if Trump places a 10% tariff on all Chinese goods
That’s because President Donald Trump said on Tuesday that a new 10% across-the-board tariff on Chinese goods could be enacted as soon as February 1. Unlike Mexico and Canada, which largely avoid ...
Will the Chinese Consumer Finally Start Spending?
In the four decades leading up to the pandemic, 800 million Chinese exited poverty and began to buy things beyond their ...
China hit its economic goals in 2024 despite a consumer spending problem
In a news release on Friday morning, China's National Bureau of Statistics reported its economy grew 5% in 2024 from a year ...
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China's trade-in program boosts consumer goods sales by over 1.3t yuan
BEIJING -- The sales revenue of consumer goods under China's policy-backed trade-in program has surpassed 1.3 trillion yuan ...
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China to carry out pilot reform on auto consumption
BEIJING -- China will conduct pilot reform on the circulation and consumption of automobiles to expand and implement the ...
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China includes smartphones in consumer goods replacement program
BEIJING -- China unveiled an action plan on Wednesday detailing subsidy measures for purchasing new smartphones and other ...
China rolls out digital product subsidies, making iPhones and other smartphones super affordable
China's new subsidy plan offers 15% off digital products under 6,000 yuan, cutting iPhone 16 prices to 4,499 yuan, boosting ...
China's economy expands 5% in 2024, hitting target helped by strong exports, stimulus measures
China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting ...