China welcomes back Hollywood movies in bid to spur spending


China aired 93 new imported films in 2024, the most since 2019. — Bloomberg

BEIJING: On her way to catch a foreign flick in Beijing, Jane Yao buys a cinnamon roll, eats ramen, visits a bookshop and drops by a supermarket to grab some snacks.

Such an impulse splurge has become all too rare in China, a country where consumption growth is still far below pre-Covid-19 levels and poses a major hurdle for the economy.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read