https://www.scmp.com/rss/522754/feed The latest news and top stories on Michelle Lam. She currently serves as Greater China Economist at Société Générale SA, where she provides analysis on China’s economic landscape. Her expertise encompasses China’s recovery, growth prospects and challenges including the real estate sector and debt issues. Lam notably described China’s economic situation as a ’picture of strong supply but weak domestic demand’. She has a strong background in Asian and European macroeconomic analysis, previously... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China unveiled new consumer-credit subsidies in a bid to boost domestic consumption as the first drop in new bank loans in 20 years compounded concerns about the pace of economic growth and deflation. The government will cover up to one percentage point of the annual interest rate for consumer loans taken out for single transactions of up to 50,000 yuan (US$6,958), according to a plan released on Tuesday. Larger purchases will be subsidised in key sectors including cars, childbirth support,... https://www.scmp.com/plus/article/3321864/china-prods-consumers-again-20-year-first-fans-slowdown-fears?utm_source=rss_feed https://www.scmp.com/plus/article/3321864/china-prods-consumers-again-20-year-first-fans-slowdown-fears?utm_source=rss_feed Thu, 14 Aug 2025 09:00:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China has launched its first national childcare subsidy scheme in an effort to help reverse a long-term decline in its population, which fell for a third consecutive year in 2024, to 1.4083 billion. Under the scheme, rolled out on Monday, parents will receive 3,600 yuan (US$502) annually for every child born on or after January 1, 2025, until they turn three. The subsidy is payable whether the child is their first, second or third. Children born before January 1, 2025 but still under three years... https://www.scmp.com/plus/article/3319968/chinas-us500-year-baby-subsidy-boost-population?utm_source=rss_feed https://www.scmp.com/plus/article/3319968/chinas-us500-year-baby-subsidy-boost-population?utm_source=rss_feed Tue, 29 Jul 2025 09:00:09 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s economy only cooled slightly in the second quarter, helped by government stimulus measures and a truce in US President Donald Trump’s trade war. Growth ebbed to 5.2 per cent from 5.4 per cent in the first three months of the year, the National Bureau of Statistics said on Tuesday. The second-quarter number was in line with expectations, based on economists polled by Chinese financial data provider Wind. First-half growth came in at 5.3 per cent amid May stimulus measures, a 90-day pause... https://www.scmp.com/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed https://www.scmp.com/plus/article/3318269/chinas-economic-crunch-may-just-be-delayed?utm_source=rss_feed Tue, 15 Jul 2025 09:00:08 +0000