Frugal Millennials: Redefining Consumerism Through Savings

23 hours, 46 minutes ago

What a censored speech says about China’s economy

At this time of year, many policymakers want to know how fast their economies will grow in the year ahead. In recent days party leaders have promised “extraordinary” efforts to fight China’s slowdown, including a “moderately loose” monetary policy and a “more proactive” fiscal policy. Cut three percentage points from China’s growth—reducing it from about 5% to about 2% for …

Economy Policy Growth China Inflation Work Gdp

5 days, 2 hours ago

Targeted measures to boost consumption

China Daily

Consumers check out festive products in Nanjing, Jiangsu province, on Friday. LIU JIANHUA/FOR CHINA DAILY China will roll out an array of targeted measures to simultaneously boost consumption and deliver tangible benefits to the people after policymakers signaled a shift in prioritizing the expansion of domestic demand amid external uncertainties during a recent tone-setting meeting, officials and analysts said. "Boosting …

China Consumer Consumption Policy Measures

1 week ago

Luxury Stocks Find China Solace to End Bad Year on Brighter Note

Live Mint

A December rebound in European luxury-goods stocks is easing the pain for investors after a year characterized by concerns over weakening demand in the key market of China. Another expected boon for luxury demand next year could come from the US, where Donald Trump’s plans to deregulate the economy and reduce taxes may provide a boost to spending. “A continuation …

Luxury China Stock European End Bad

1 week, 2 days ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

Policy Growth China Trump Beijing Reuters Retail Sales

Save and earn, value conscious buying on rise

China Daily

A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Chinese consumers are shifting gears to more meaningful purchases as they strive to boost incomes and tighten spending to navigate economic uncertainties, said a report by global consumer and retail analytics leader NielsenIQ. Notably, value-conscious shoppers, who routinely compare prices across platforms, have surged from 30 …

China Consumer Products Report Chinese Consumers Chinese Consumers

Save and earn, value conscious buying on rise

China Daily

By CHENG YU | China Daily | Updated: 2024-12-09 09:38 A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Chinese consumers are shifting gears to more meaningful purchases as they strive to boost incomes and tighten spending to navigate economic uncertainties, said a report by global consumer and retail analytics leader NielsenIQ. Notably, value-conscious shoppers, …

China Consumer Products Report Chinese Consumers Chinese Consumers

1 month, 1 week ago

Tech products, AI services drive Singles Day sales

China Daily

Workers sort express delivery packages at a courier logistics company in Lianyungang, Jiangsu province, on Monday. GENG YUHE/FOR CHINA DAILY Chinese consumers have shown vibrant purchasing power for premium intelligent electronic devices and home appliances featuring innovative technologies during this year's Singles Day shopping carnival, which experts said played a vital role in promoting the recovery of consumption and shoring …

Shopping Growth China Consumer Sales Consumption Chinese

1 month, 1 week ago

Tech products, AI services drive Singles Day sales

China Daily

Workers sort express delivery packages at a courier logistics company in Lianyungang, Jiangsu province, on Monday. GENG YUHE/FOR CHINA DAILY Chinese consumers have shown vibrant purchasing power for premium intelligent electronic devices and home appliances featuring innovative technologies during this year's Singles Day shopping carnival, which experts said played a vital role in promoting the recovery of consumption and shoring …

Shopping Growth China Consumer Sales Consumption Chinese

1 month, 1 week ago

Tech products, AI services drive Singles Day sales

China Daily

By FAN FEIFEI | CHINA DAILY | Updated: 2024-11-12 07:07 Workers sort express delivery packages at a courier logistics company in Lianyungang, Jiangsu province, on Monday. GENG YUHE/FOR CHINA DAILY Chinese consumers have shown vibrant purchasing power for premium intelligent electronic devices and home appliances featuring innovative technologies during this year's Singles Day shopping carnival, which experts said played a …

Shopping Growth China Consumer Sales Consumption Chinese

1 month, 1 week ago

Rise of "emotional economy" reflects new trends, dynamics in China's consumption

China Daily

Rise of "emotional economy" reflects new trends, dynamics in China's consumption Xinhua Updated: Nov 12, 2024 Consumers shop at a Jellycat store in Lujiazui, Shanghai, on August 8, 2024. During this year's "Double 11" shopping festival, the burgeoning "emotional economy," especially among younger generations, revealed a major shift in the Chinese consumer market. Spending on "joyful consumption" during this year's …

Economy Emotional China Products Dong Chinese Consumers Blind Boxes

1 month, 1 week ago

Tech products, AI services drive Singles Day sales

China Daily

Workers sort express delivery packages at a courier logistics company in Lianyungang, Jiangsu province, on Monday. GENG YUHE/FOR CHINA DAILY Chinese consumers have shown vibrant purchasing power for premium intelligent electronic devices and home appliances featuring innovative technologies during this year's Singles Day shopping carnival, which experts said played a vital role in promoting the recovery of consumption and shoring …

Shopping Growth China Consumer Sales Consumption Chinese

1 month, 2 weeks ago

Quality focus rules Singles Day shopping gala

China Daily

An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. YANG MEIQING/FOR CHINA DAILY Chinese consumers have exhibited robust purchasing power for high-quality and intelligent products containing innovative technologies during the Singles Day shopping extravaganza. The transaction volume of gaming laptops rose 120 percent …

Shopping Growth China Quality Products Sales Chinese

1 month, 2 weeks ago

Quality focus rules Singles Day shopping gala

China Daily

China Daily| Updated :2024-11-11 An employee picks imported goods for sale during the Singles Day shopping festival at a cross-border e-commerce bonded warehouse in Jinhua, Zhejiang province, on Oct 23. YANG MEIQING/FOR CHINA DAILY Chinese consumers have exhibited robust purchasing power for high-quality and intelligent products containing innovative technologies during the Singles Day shopping extravaganza. The transaction volume of gaming …

Shopping Growth China Quality Products Sales Singles

1 month, 2 weeks ago

Moves seen helping boost consumption

China Daily

Consumer products on display at the ongoing China International Import Expo in Shanghai. ZHANG WEI/CHINA DAILY China's recent introduction of a potent stimulus policy package, including dedicated efforts to shore up consumer spending, will provide massive opportunities for global businesses keen to tap into its super-sized market and facilitate the transition toward a consumption-led growth model, global executives said on …

China Market Consumer Products Consumption Chinese Ciie Seen Helping

1 month, 2 weeks ago

China market supports expanding retail tourism sector

China Daily

Villagers dance during a gate-opening ceremony to welcome visitors. Along with their growing consumption power, consumers are more willing to integrate travel experience and emotional connections with their purchases, which presents more personalized and diversified shopping demand for the sector to tap into," said Dai Bin, president of the China Tourism Academy citing the China Retail Tourism Development Report published …

Shopping China Retail Israel Village 20 Percent Tourism Sector

2 months ago

$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy

LA Times

China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. While the bigger factor is a worsening real estate downturn, which has eroded demand for commodities and diminished a crucial vehicle for household wealth and investment, economists say China’s economy is unlikely to recover without a rise in domestic spending. Chinese consumers are going through …

Economy Household China Economic Spending French Chinese

China's Grocery Store Lets You Pay With Just a Scan of Your Palm

News 18

A video showcasing a grocery store in China where customers can make payments by scanning their palms has gone viral on social media. The video features a group of friends using the new payment method, which allows them to make payments without using their mobile phones or internet. The convenience and speed of the process have impressed social media users, …

Technology China Innovation Payment Systems Zhuzhou

2 months ago

Economy: Xi Jinping’s stimulus package is too weak for China to be healthy

Slate

This week: Big trouble in not-so-little China as the second-largest economy tries to get out of its post-COVID funk. Emily Peck, Elizabeth Spiers, and Reuters’ Anna Szymanski discuss China’s new economic stimulus measures, which might be too-little, too late. They also discuss the secretive family behind Boar’s Head and a Sherwood piece about a mysterious $7 billion estate tax. Finally, …

Slate Podcasts Discuss China

2 months, 3 weeks ago

China reports surge in home appliance sales under trade-in program

China Daily

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING - The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan since August, the latest data from the Ministry of Commerce showed. MOC data showed that green and smart …

China Sales Home Appliances Appliance Moc

2 months, 3 weeks ago

China grappling with weak consumer demand

China Daily

By Sheng Songcheng | China Daily | Updated: 2024-09-30 07:48 AI China's economy is grappling with the significant challenge of weak consumer demand. If we raise this threshold from 5,000 yuan to 8,000 yuan, it is estimated that the annual tax revenue could decrease by about 30 billion yuan, which makes up for just 0.17 percent of the total tax …

Growth China Consumer Tax Local Economic Growth Loans

3 months ago

Top Chinese economist disappears after criticising Xi Jinping

The Telegraph

But Xi’s efforts to prop up China’s economy cheered investors on Tuesday, with the Shanghai Shenzhen CSI Index rising 4.3pc – its biggest jump since July 2020. Mr Yu added: “Given the confidence issues among households and corporates, we doubt the measures are sufficient to jump-start the credit engine.” Lynn Song, ING’s chief economist for Greater China, said without extra …

Ing China Economist

3 months ago

China steps up efforts to boost domestic demand

China Daily

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING -- The National Development and Reform Commission, China's top economic planner, said Thursday that it is intensifying efforts to spur investment and consumption in its bid to bolster domestic demand. Specifically, the NDRC will continue to support government investment …

China Investment Jin

3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China

3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China

3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China

3 months, 2 weeks ago

What is ‘slow shopping’ and how can it save you money?

The Independent

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Trend Spending Our Weekly Guide Slow Shopping

3 months, 4 weeks ago

Why Xi Jinping is staring into an economic abyss

The Telegraph

Herbert Lun believes lockdown made Chinese consumers more frugal. The managing director of Wing Sang Electrical, which makes products such as hair dryers and straighteners, says habits have changed since the country’s zero covid policy forced millions to stay at home. “I do see consumer behaviour changing, including less spending on frivolous luxury goods,” he says. “In the past, luxury …

China Brands Economic Abyss

4 months, 1 week ago

Young people in China fed up with relentless work demands and a slowing economy are 'naked quitting'

ABC

Most days Chen Zi Jun starts her morning with Muay Thai or yoga, before exploring temples or markets in the stifling heat of northern Thailand. Feeling "tired in her heart", Ms Chen decided to "naked quit" – a term coined by young Chinese social media users that means she left her job without another lined up. Naked quitting is one …

Culture Job China New Zealand Work Young Young People

4 months, 1 week ago

Smart features drive up Chinese carmakers

China Daily

Su Jun, president of J.D. Smart onboard functions have enabled Chinese automotive startups to make foray into high-end markets and compete with established global giants, said a senior J.D. "Smart NEVs have won the heart of Chinese car buyers," said Su Jun, president of J.D. Smart cockpit technologies are more widely accepted by new vehicle owners in China and are …

China Car Buyers Chinese Passenger Vehicles Power Su

4 months, 1 week ago

Experts call for further restoring consumer sentiment

China Daily

Customers select fruit at a supermarket in Dongying, Shandong province, earlier this month. LIU ZHIFENG/XINHUA Restoring consumer sentiment and revitalizing confidence among consumers will be among the key priorities for China's economic growth for the rest of this year, as policymakers shift their focus more toward seeking a consumer-led recovery, according to experts. "Although the economy still faces several headwinds, …

Growth China Consumer Economic Demand Domestic Demand

4 months, 1 week ago

China reports growth in the consumer economy

China Daily

chinadaily.com.cn| Updated :2024-08-15 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up …

China

4 months, 1 week ago

China reports growth in the consumer economy

China Daily

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

China Reports Growth Investment Grew

4 months, 1 week ago

China reports growth in the consumer economy

China Daily

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

Economy China

4 months, 1 week ago

Measures to boost service consumption

China Daily

SHI YU/CHINA DAILY China has outlined a range of policy measures to support the development of service consumption across a broad spectrum of industries to unleash new drivers of domestic demand and further contribute to long-term economic development, analysts said. China is currently experiencing a rapid growth phase in service consumption, with the pace of expansion surpassing that of goods …

Tourism China Consumer Services Economic Domestic Service

4 months, 1 week ago

Economists advocate direct support to consumers

China Daily

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

China Consumer Economic Consumption Zhang Direct Direct Support

4 months, 1 week ago

Economists advocate direct support to consumers

China Daily

By ZHOU LANXU and OUYANG SHIJIA | China Daily | Updated: 2024-08-13 09:25 Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of …

China Consumer Economic Growth Consumption Zhang Direct Direct Support

4 months, 1 week ago

Economists advocate direct support to consumers

China Daily

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

China Consumer Economic Consumption Zhang Direct Direct Support

4 months, 1 week ago

China sees mild price growth as consumer demand expands

China Daily

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

China Price Consumption Demand Nbs Goods Rose Consumer Market

4 months, 2 weeks ago

China sees mild price growth as consumer demand expands

China Daily

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

China Price Consumption Nbs Consumer Demand

4 months, 2 weeks ago

Consumption boost requires society's buy-in

China Daily

People visit the fourth China International Consumer Products Expo in Haikou, capital city of South China's Hainan province, April 18, 2024. China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public on Saturday. The guideline, issued by the State Council, China's …

China Services Consumption

4 months, 2 weeks ago

Consumption boost requires society's buy-in

China Daily

People visit the fourth China International Consumer Products Expo in Haikou, capital city of South China's Hainan province, April 18, 2024. China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public on Saturday. The guideline, issued by the State Council, China's …

China Services Consumption

4 months, 2 weeks ago

To revive the economy, China wants consumers to buy better stuff

Live Mint

Everywhere you look, the world’s politicians face tough economic choices. A survey by China’s central bank in April showed that over 60% of city-dwellers want to increase the amount in their savings accounts. America’s cash-for-clunkers programme, introduced in 2009 during the global financial crisis, prompted 360,000 extra car purchases in two months, according to Atif Mian of Princeton University and …

China Bank Consumption This Year Central Households

4 months, 3 weeks ago

China moves to advance high-quality development of service consumption

China Daily

Skyscrapers border a lush green landscape in Shenzhen's central business district. BEIJING -- China will work to further develop consumer services to support high-quality economic development and meet people's demand for personalized, diversified and quality services, according to a guideline made public Saturday. The guideline, issued by the State Council, set out 20 key tasks, including tapping the potential of …

China Services Service Consumption Service Consumption

4 months, 3 weeks ago

SKP expands footprint to tap young Chinese consumers

China Daily

Consumers check out shoes at SKP Wuhan in Hubei province on July 26. High-end department store SKP, which officially opened an outlet in Wuhan, capital of Central China's Hubei province, on July 26, netted 100 million yuan in sales on its official launch day and has drawn in more than 100,000 visitors since a trial run on July 13. The …

Japan Sales Revenue Beijing Billion Group Yuan

4 months, 3 weeks ago

Improve consumption for high-quality growth

China Daily

Shoppers pick fruit at a supermarket in Beijing, May 12, 2024. The central authorities have recently called on boosting consumption, namely enhancing the purchasing power and willingness of middle-and low-income groups. This cannot be separated from increased income, as income growth directly enhances residents' purchasing power and stable income growth increases people's willingness to consume. Further, since low-income groups in …

Rural Residents Income Improve Consumption

4 months, 3 weeks ago

Stores lure back-to-school shoppers with deals and 'buy now, pay later' plans

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many shoppers appreciate the flexibility …

Pay Sales Company Spending Last Year Buy Later

Frugal Millennials: Redefining Consumerism Through Savings

History of this topic

Frugal Vibes: Young Chinese Consumers Embrace Smart Shopping

Frugal Vibes: Young Chinese Consumers Embrace Smart Shopping

Frugal Vibes: Young Chinese Consumers Embrace Smart Shopping

Young people change their perception toward consumerism

Discover Related