Beijing’s prudent monetary moves and an emphasis on restructuring local government debt have sparked debate over how long it will take policymakers to ‘walk it off’.

Tesla has cut the prices of its Shanghai-made vehicles by more than 5 per cent in mainland China, joining an intensifying discount war in the country amid a slowdown in the carmaker’s sales globally.

Wars in the Middle East and Ukraine, and continuing lower US interest rates have burnished gold’s billing as an investment, but it is the unrelenting Chinese demand that is juicing the rally.

It is only a matter of time before the currently depressed market stages a rebound, according to Fred Hu of private-equity firm Primavera Capital.

Zando Global was launched on Thursday in the hopes of taking on the fast-fashion Chinese e-commerce retailers at home.

China’s coming May Day holiday already has the makings of a major tourism rush, with early bookings exceeding pre-pandemic levels and the travel boom likely to fuel a much-desired round of consumption.

Organic revenue at LVMH’s fashion and leather goods unit, its biggest division, rose 2 per cent in the first quarter, down from 18 per cent growth a year ago and falling short of analysts’ estimates of 3.2 per cent.

In Indonesia, beauty brands owned by French cosmetics giant L’Oreal are being spurned in favour of Chinese and local alternatives, as the boycotts bite into the profits of Starbucks Malaysia and McDonald’s.

Global fashion retailer Ralph Lauren will explore the ‘still significant’ growth opportunities in China’s key cities as it expands in a ‘disciplined and sequenced’ manner.

Ahead of China’s quarterly GDP release, survey figures reflect how difficult times have been for half a billion Chinese people, and where their priorities now lie.

Consumer Council says items ranging from diapers to air conditioning may account for up to 57 per cent of basic monthly fees.

Singapore’s food safety watchdog says a product marketed as confectionery with claims of male sexual-enhancement effects contained a potent prescription medicine used to treat erectile dysfunction.

Gold markets in China have been inundated with a throng of new buyers, looking to put their money into a commodity which has skyrocketed in value as other investments have lost their lustre.

The US celebrity chef drew fire after his brand sent cease-and-desist letters to small Asian-American-run businesses selling spicy condiments with similar names.

Gisele Bündchen and Wang Yang were present to check out luxury timepieces, including 6 new watches by Rolex – such as a Daytona studded with diamonds and the Deepsea in 18-karat gold

China’s consumer price index grew only slightly in March, while factory-gate prices fell for the 18th straight month, underscoring the need to speed up interest rate cuts, analysts said.

Li Auto, Tesla’s nearest rival in mainland China, plans to start selling a new, more economical model aimed at families amid a price war in the country’s electric vehicle market.

Tackling payment issues is a small but important part of Beijing’s broader efforts to bring down barriers for foreigners in China, with a particular focus on the start of the Canton Fair later this month in Guangzhou.

China wants to ditch old equipment and products for new ones to boost its economy, and this campaign can help its green-transformation drive, if done right, climate experts and green enterprises say.

Li Auto, Nio and Xpeng, China’s top three premium EV manufacturers, have reported a strong rebound in deliveries in March, while BYD said the sales of its pure electric and plug-in hybrids had surged as well.

Gold purchases have soared in China in recent years, with investors seeking safe-haven assets amid the weak stock market and ongoing property crisis, but a number of scams have been reported.

Trends are likely to cap any rental gains in the retail property segment, where recovery will proceed in a gradual manner, analysts say.

Industry and information technology minister touts benefits of setting up R&D centres in China and teaming up with domestic firms, as inbound investments have slowed amid geopolitical tensions.

BYD, the world’s top-selling electric-vehicle maker, is currently discounting almost every model it sells, as part of a marketing campaign declaring ‘electricity is cheaper than oil’.

A recent spate of viral videos showing pranksters tampering with passing dishes has led some ‘kaiten sushi’ operators to reintroduce delivery-on-order instead.

Restaurants have been forced to scale back as the global economy continues to slow, with inflation, higher costs of living and other factors taking their toll.