China’s economy gets Lunar New Year boost from holiday travel and shopping

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China’s economy gets Lunar New Year boost from holiday travel and shopping - Malay Mail

Quick Summary:

BEIJING, Feb 6 — China’s sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel...

At the weekend, US President Donald Trump announced additional tariffs of 10 per cent on all Chinese imports, with Beijing hitting back immediately with tariffs of its own, targeting coal and gas.

Beijing will likely look to hit the same goal of “around five per cent” in 2025 but that could be hindered by threats of an escalating trade war.