12 h. ago ‘Actionable results’ needed to get Chinese spending again, No 4 official says

The Communist Party’s chief theoretician has urged groups outside the party – including China’s eight minor political parties, industry and commerce representatives, and public figures without party affiliation – to contribute to the discussion on how to boost domestic demand, as Beijing steps up efforts to entice the public to spend more. Improving domestic demand is a strategic priority and a necessary step towards ensuring the long-term and healthy development of China’s economy, said Wang...

Politics

14 h. ago China family has funeral as Indian neighbours host wedding in show of communal unity

A Chinese funeral and an Indian wedding took place on the same street on the same day in Malaysia, but the two families managed to coexist and show mutual respect, winning applause online. Both ceremonies took place on July 5 in Tampin, in the Malaysian state of Negeri Sembilan. The funeral was that of the mother of a local Democratic Action Party politician of Chinese origin. On the other side of the street, an Indian family rented a hall to host a wedding. Funerals are usually considered...

Society

8 d. ago China tried to cut lavish spending. Now some officials fear ordering coffee

This is the first story in a three-part series exploring the domestic economic challenges China faces as it navigates an unprecedented trade war with the United States. In this piece, we explore Beijing’s drive to rein in wasteful government spending – and its unintended consequences. Wang, a civil servant from a small town in northeastern China, is too scared to go to restaurants these days. He even skipped his niece’s wedding due to his fear of being seen at a banquet. An avid foodie, the...

Politics

3 w. ago Chinese Toymaker Takes Drastic Action to Survive Trump’s Tariffs

Chinese Toymaker Takes Drastic Action to Survive Trump’s Tariffs  Bloomberg.com

Politics

3 w. ago Senior Chilean lawmaker investigated over actions involving Chinese businessman

A high-ranking Chilean lawmaker is facing renewed scrutiny after records showed she helped arrange for a Chinese businessman to join an official parliamentary trip to China, where he coordinated logistics and took part in meetings with mainland authorities. Messages revealed by investigators on Thursday showed Karol Cariola, a member of Chile’s Communist Party and former president of the country’s Chamber of Deputies, may have used her position to benefit a Chinese national on several...

Economics

4 w. ago Will Indonesia’s US$1.5 billion stimulus lift Indonesia’s economy?

Indonesia’s latest US$1.5 billion stimulus package may fall short of reviving sluggish household spending or propelling the government’s ambitious 8 per cent growth target, analysts have warned. Southeast Asia’s biggest economy posted only a 4.87 per cent year-on-year growth in the first quarter this year. The momentum of Islam’s holy month of Ramadan and Eid al-Fitr, which fell within the period, could not lift public spending, an anomaly that has sparked concerns among officials. In response,...

Economics