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China should accelerate reforms to maximise economic potential – IMF
China should reaccelerate reforms such as tackling the shrinking labour force and weak productivity growth to maximise its economic potential, the IMF said on Friday.
Hong Kong launches promotion campaign, to gift 500,000 air tickets to lure visitors
Hong Kong leader John Lee unveiled a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the city after more than three years of tough COVID-19 curbs.
China’s economic activities returned to expansion in Jan after zero-Covid measures lifted
China’s economic activity returned to expansion in January as the impact of COVID-19 outbreaks eased rapidly after the world’s second largest economy dropped its zero-Covid policy.
China’s industrial profit fell 4% in 2022, manufacturing sector’s profit slid 13.4%
Chinese industrial companies’ profit dropped by 4% to 8.4 trillion yuan ($1.2 trillion) in 2022, expanding from the 3.6% fall in the first 11 months of 2022, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
China’s fiscal revenue rose 0.6% in 2022, tax revenue declined 3.5%
China’s fiscal revenue reached 20.37 trillion yuan in 2022, rising by 0.6% from the previous year, according to data released by the Ministry of Finance on Monday.
Shanghai to extend NEV purchase subsidies, to provide subsidies for green, smart home appliance buying
China’s financial hub of Shanghai will extend the subsidies for purchases of new energy vehicles (NEVs) in a move to promote car consumption, according to an action plan to stabilize economic growth released by the municipal government on Sunday.
Hong Kong’s exports tumbled by most since 1950s, imports hit weakest since global financial crisis
Hong Kong’s exports plunged by 28.9% in December from a year earlier, according to data released by the Census and Statistics Department, marking the steepest drop since the 1950s, extending an eight-month streak of declines.
China’s exports slid 9.9% on year in Dec, imports fell at slower pace, 2022 foreign trade hit new record high
China’s December exports declined at the fastest pace since March 2020 amid sluggish overseas demand, highlighting risks to the country’s economic recovery, while imports fell at a slower pace, suggesting that domestic demand may slowly recover in coming months.
China formulates action plan to support struggling real estate sector, to reasonably improve “Three Red Lines” restrictions
China has formulated a comprehensive action plan to support the struggling real estate sector as Beijing steps up the effort to boost the country’s economic growth, the official Xinhua News Agency reported on Friday.
