4 d. ago Hungry for savings? Hong Kong restaurants, shops offer July 1 anniversary deals

Hong Kong consumers can expect to enjoy deals and discounts at more than 8,800 stores and restaurants as part of celebrations to commemorate the 28th anniversary of the city’s return to Chinese rule on July 1, amid a sluggish economy. The Hong Kong Catering Industry Association said more than 3,800 food and beverage establishments would provide discounts on the occasion, while the city’s Retail Management Association said 5,000 stores would kick off a two-month shopping festival on the same...

Economics

1 week ago China’s Midyear Shopping Festival Pulls In Record Online Sales

China’s Midyear Shopping Festival Pulls In Record Online Sales  WSJ

Economics

1 week ago China subsidies give Alibaba, JD.com sales lift during 618 shopping festival

Chinese e-commerce giants Alibaba Group Holding and JD.com reported record user participation and growing sales during the 618 shopping festival, as government subsidies and new artificial intelligence (AI) tools fuelled a surge in consumer activity. More than 453 brands each surpassed 100 million yuan (US$14 million) in gross merchandise value (GMV) on Alibaba’s Taobao and Tmall platforms during the weeks-long event, the company said on Thursday. The roster included global names such as Apple,...

Economics

1 week ago China will issue remaining consumer goods subsidies at stable rate, state media says

China will issue remaining consumer goods subsidies at stable rate, state media says  Reuters

Events

2 w. ago China’s Consumer Rush for Subsidies Overloads Stimulus Program

China’s Consumer Rush for Subsidies Overloads Stimulus Program  Bloomberg.com

Events

2 w. ago China’s economy weathers US tariff storm in May as consumption picks up

China’s economic data sent mixed signals in May, with US tariffs continuing to weigh on the country’s manufacturing and exports but domestic consumption picking up slightly in the run-up to a major online shopping festival. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, data from the National Bureau of Statistics showed on Monday. The figures exceeded a forecast of 4.85 per cent growth by financial data provider...

Economics

2 w. ago China's 'silver economy' heats up as government boosts subsidies

China's 'silver economy' heats up as government boosts subsidies  Nikkei Asia

Politics

2 w. ago China Glass Holdings’ Subsidiary Enters Land Resumption Agreement in Beijing

China Glass Holdings’ Subsidiary Enters Land Resumption Agreement in Beijing  TipRanks

Politics

3 w. ago Pay dads to parent? How China could fix birth rate crisis, according to new research

Subsidising men’s participation in household chores and childcare could help reverse declining global birth rates, according to a new study, offering a fresh approach to deepening demographic challenges in countries like China. The study, co-authored by researchers from Fudan University and the University of Hong Kong (HKU), argued that subsidies for fathers produce significantly higher long-term fertility gains than solely subsidising mothers. The findings came as the world’s second-largest...

Events

4 w. ago Alibaba, JD.com sales surge during 618 festival, thanks to subsidy programme

Chinese e-commerce giants Alibaba Group Holding and JD.com are seeing strong sales momentum in their respective campaigns for this year’s 618 shopping festival, on the back of the government’s national subsidy programme. Preliminary 618 retail data from Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce unit, showed sales of categories that benefit from government subsidies – including consumer electronics products and home appliances – surged 283 per cent during the campaign’s initial...

Politics