BEIJING: Despite the aggressive "reciprocal tariff" policy announced by the White House, senior economists believe that China ...

Like all taxes, the tariffs will discourage beneficial economic activity and will make Americans poorer and worse off.

The American economy is increasingly reliant on the spending of high-income households, which could pose a risk to the ...

DOUGLAS A. IRWIN is John French Professor of Economics at Dartmouth College and the author of Clashing Over Commerce: A ...

Discover how consumer spending shapes the U.S. economy, the impact of rising credit card debt, and the potential risks of a ...

In its 2025 budget update and preliminary outlook for 2026 submitted late Tuesday to congress, the Finance Ministry said it expects gross domestic product to grow between 1.5% and 2.3% this year ...

Ever-increasing consumption is generally not considered virtuous and thus not just a neutral, economic problem. | Opinion ...

The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in ...

An economic treatise by a top Trump adviser is being read as a road map of his tariff policy. But even he says it’s not what Trump is implementing. Staff cuts and disruptions related to the U.S ...

A staff member of an elderly care service center guides a senior citizen on using smart devices in Dongcheng district in Beijing, capital of China, Oct 31, 2024. [Photo/Xinhua] The plan aims to ...

From the perspective of policy deployment, more incremental policies to promote consumption are already ... of Social Sciences' Institute of World Economics and Politics: The two policies of ...

In 2024, China's household services consumption expenditure was 13,016 ... China's household services spending was low relative to annual economic output. He said that it would be crucial for ...