More Chinese regions are raising minimum wages, but will it help boost consumption?
As more Chinese provincial-level regions raise minimum wages, economists say the increases could encourage lower-income workers to spend…
China’s AI drive seen widening wealth gap, testing ‘common prosperity’ push
China wants artificial intelligence to become a new engine of growth, powering everything from factory upgrades to scientific…
More bookings, shorter trips: Chinese adjust to higher fuel prices for Labour Day break
The number of Chinese tourists deciding to travel during the five-day Labour Day holiday at the start of…
Top analyst warns the economy is figuring out how to grow without creating new jobs, leaving a major vulnerability
Last summer, Bank of America Research predicted a “sea change” in the economy as companies showed increasing signs…
Shutdown impact: What it means for workers, federal programs and the economy
The federal government shutdown is quickly approaching the second longest on record with no end in sight. Some…
China Trade Fight Threatens COVID-Like Shock To U.S. Economy, Analysis Finds
AFP / Getty Images The reignition of trade tensions between the world’s two largest economies could suppress economic…
Trump’s tariffs could reduce US deficit by $4 trillion, CBO estimates
US President Donald Trump‘s increased tariffs on U.S. imports from foreign countries could reduce the national deficit by…