China raises minimum wages amid drive to boost household spending
China has recorded a five-year peak in the number of provincial governments raising minimum wages, official data showed,…
China doubling down on consumption as route out of export reliance: ex-PBOC official
China is pushing consumption to grow faster than overall economic expansion as the nation accelerates a shift to…
Pura Collagen enters GLP-1 market with ‘pure’ hormone stimulating alternative
The two innovations expand the startup’s product line to seven, indicating the depth of consideration that goes into…
Changing tastes: China’s new affluent consumers seek quality not extravagance
In a premium supermarket in Shanghai one recent weekend, 33-year-old information technology specialist Zhao Wenyu paused in front…
Second-hand shopping is a sustainable alternative, but could it be fuelling consumption?
Second-hand shopping has long been promoted as part of the solution to Australia’s waste problem, with many consumers…
China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…
IMF raises China growth forecast to 5% for 2025, citing resilience
China’s economy is projected to grow by 5 per cent in 2025 before slowing to 4.5 per cent…
Frost and funds: China’s winter sports boom drives spending and industry growth
Each winter for the past three years, Claire Zhou, a teenager from the southern Chinese city of Guangzhou,…
Regulator raises alarm over insecticide use on blueberries, suspends products
The federal pesticides regulator has raised fresh safety concerns for children about a chemical widely used on berries.…
Bangkok Post – China vows to boost consumption
(Photo: AFP) BEIJING – China’s ruling Communist Party said on Thursday the country has to “vigorously boost consumption”…
As China drafts its next 5-year plan, is GDP still the magic number?
For decades, the annual target for gross domestic product growth was the most critical policymaking benchmark across China.…
Thai Silver Economy Projected to Hit 3.5 Trillion Baht in Consumption
A major shift in Thailand’s national policy seeks to harness the spending power and skills of its…