Urbanisation to be major growth driver for China
An increased focus on generating more domestic consumption comes as Chinese pockets have grown deeper over the past few decades.
Big Picture
Thailand ready to welcome Chinese tourists to their ‘dream destination’
A government spokesman said that to achieve its target of attracting at least 5 million Chinese visitors this year, they are planning to increase the frequency of flights.
China’s reopening set to drive more of Asia’s wealthy to S’pore
China’s reopening is poised to kindle fresh interest in Singapore as a financial hub among the well-heeled in China and the rest of the region.
Chinese carmakers confident despite market’s slow start to the year
Overall passenger car sales were estimated to see a steeper year-on-year decline of 34.6 percent, with deliveries falling to 1.36 million units, said the China Passenger Car…
South Korea’s mask manufacturers face bankruptcy amid eased masking rules
The government had previously encouraged entrepreneurs to join the mask manufacturing industry to cope with the severe supply shortage caused by the pandemic.
UN predicts China to drive East Asia’s economic recovery
According to the report, the Chinese economy is expected to accelerate as the government recently optimized its prevention measures and eased monetary and fiscal policies.
Cambodian ministry plans major events to attract ‘1 million’ Chinese visitors
Although mainland China had accounted for a 35.73 per cent share of all international arrivals to Cambodia in 2019, `that proportion dropped to just 4.69 per cent last year as a…
Vietnam’s trade with India hits record in 2022
Besides trade, bilateral cooperation in tourism and investment also grew with the resumption and launch of direct air routes.
China holds the crown as gold producer and consumer
In 2022, it was estimated that China accounted for 10 percent of the world's total gold production and it has been the world's largest gold producer since 2007.
Stablecoin licensing regime new fintech milestone for Hong Kong
Notable downfalls in the global virtual-asset market in 2022 have put stablecoins under regulatory scrutiny by major jurisdictions.