The return of large-scale concerts in China has released revenge spending, but the levels might not be sustainable amid economic pressures.
As China attempts to boost domestic consumption, financial hub Shanghai has reported a notable decline in retail sales for June, showing some weaknesses have persisted.
By total caviar production, China accounts for more than half of the global output, but the delicacy still lacks popularity among Chinese consumers.
Weighing up national security concerns and economic burdens, some analysts say that thorough evaluations of public security systems could help lay a track for China’s economic recovery.
A Post review of 23 annual reports from leading Chinese firms found that more than half downsized last year, while others slashed staff-related expenses.
With a service sector struggling to retain jobs amid digitalisation and a relocation of labour-intensive industries, pressures are seen having worrisome economic implications.
Banks and financial service companies in China are recruiting more educated and tech-literate personnel for their debt collections, a reflection of new rules that have professionalised the industry.
The international monetary body announces the research hub on the opening day of the annual Lujiazui Forum, and China’s central bank expects the move to ‘deepen cooperation’ with the IMF.
Nine manufacturers, including BYD, Nio, Changan Automobile and GAC Motor, have been approved to test autonomous driving and other technologies on restricted roads as China seeks new areas to support future economic growth.