Number of trips to Hong Kong by mainland Chinese visitors rose 27 per cent year on year after tally for 2024 reached 34 million.
China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth
The Hong Kong-listed shares of property developer China Vanke plunged more than 8% on Friday after state media reported that authorities had detained its chief executive. A Shenzhen government task force has stepped in to oversee operations at the state-backed developer,
Beijing hit its GDP growth target of 5 percent in 2024, according to its statistics bureau—but deflationary pressures remain.
Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year.
China’s economy expanded by 5.4% in the last three months of 2024, the National Bureau of Statistics said on Friday.
Hong Kong Museum of Art launches exhibition featuring works by Impressionist Pierre-Auguste Renoir and Post-Impressionist Paul Cézanne.
The future of developer China Vanke and its $45 billion in debt were in focus on Friday after media reports alleged its CEO had been temporarily detained, deepening concerns about China's embattled property sector.
China's economy grew 5% in 2024, meeting its growth target of around 5%.
The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.
HONG KONG (AP) — China's economy expanded at a 5% annual pace in 2024, achieving Beijing’s target of “around 5%” growth helped by strong exports and recent stimulus measures. In quarterly terms, the economy 5.4% in October-December, the government reported Friday.