In China, the love affair with luxury cars is cooling down. People are now choosing more affordable Chinese brands over expensive foreign ones. This shift is a big deal because European carmakers like Porsche and BMW have long been the top choices for wealthy Chinese buyers. The slowdown in China's
China's central bank, the People's Bank of China (PBOC), decided to keep its key lending rates steady for the fourth month in a row. This decision came despite the U. S. Federal Reserve's recent rate cut. The one-year loan prime rate (LPR) remained at 3. 0%, and the five-year LPR stayed at 3. 5%. T
China has rolled out a broad plan to encourage people to spend more money at home. This is a response to the economic pressure from U. S. tariffs. The plan, shared by the Xinhua news agency, covers many areas. It includes increasing people's pay, helping with childcare costs, and even offering cash
The Asian-Pacific markets were abuzz with news from Japan and China as investors tried to make sense of the latest monetary policy decisions. The US Federal Reserve's surprise rate cut last week had left many wondering what this meant for the global economy. In China, the youth unemployment rate had
