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16 Apr Opinion | Why India could soon dethrone China as world’s top consumer market

Posted at 21:30h in Asia

China’s status as the world’s top commercial power is being tested amid an economic slowdown and demographic shifts. Its sheer size, infrastructure and government efforts to move the country to a consumption-driven economy provide a strong foundation, but Asia’s other emerging markets – particularly India...

04 Apr China’s climate goals: action plan calling for renewal of equipment can also boost green transition, experts say

Posted at 11:09h in Asia

China wants to ditch old equipment and products for new ones to boost its economy, and this campaign can help its green-transformation drive if done right, climate experts and green enterprises said.In an action plan released last month, the State Council, China’s cabinet, called for...

07 Mar Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit

Posted at 09:33h in Asia

Wharf Reic, the owner of Harbour City and Times Square malls, said it would undertake promotional activities to get residents and tourists to loosen their purse strings after recording a slightly lower profit last year.Net profit slipped 3 per cent to just over HK$6 billion...

04 Mar Gloomy Hong Kong retail sector gets Swiss watchmaker Omega’s vote of confidence as it opens glitzy shops in Central, K11

Posted at 00:30h in Asia

Swiss luxury watchmaker Omega is ramping up its presence in Hong Kong, opening two specialty shops in the city as it bets on long-term success despite slower than expected economic growth and a gloomy retail outlook.The brand, famously known for its Speedmaster and Seamaster watches...

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

Posted at 23:30h in Asia

China’s economy will show gradual improvement in 2024, propelled by manufacturing and consumption, rather than property and local government financing, amid a structural shift towards high-quality growth drivers, Peiqian Liu, Asia Economist at Fidelity International, said at a media briefing on Thursday.“Tourism, entertainment, culture, and...

07 Jan China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

Posted at 23:30h in Asia

Retail property markets in China’s first-tier cities showed signs of improvement in the last quarter of 2023, and experts are projecting sustained momentum in 2024, underpinned by a gradual increase in retail sales as sentiment begins to turn.Beijing’s retail property market outperformed as commercial real...

05 Jan Opinion | Reports of Chinese economic miracle’s demise are greatly exaggerated

Posted at 09:30h in Asia

China’s economic performance over the last year has been disappointing, so much so that some observers argue that growth has already peaked and that it is all downhill from here. But it is far too soon to write off China’s economic resilience.As 2023 began, the...

consumption Tag

16 Apr Opinion | Why India could soon dethrone China as world’s top consumer market

04 Apr China’s climate goals: action plan calling for renewal of equipment can also boost green transition, experts say

07 Mar Hong Kong mall owner Wharf Reic looks to stimulate spending with promotions after posting flat profit

04 Mar Gloomy Hong Kong retail sector gets Swiss watchmaker Omega’s vote of confidence as it opens glitzy shops in Central, K11

25 Jan China’s economy to gradually heat up in 2024, with manufacturing, spending as top growth drivers, not property: Fidelity

07 Jan China’s retail property markets to benefit from consumption recovery as Beijing tops fourth quarter performance

05 Jan Opinion | Reports of Chinese economic miracle’s demise are greatly exaggerated

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