Chinese consumers smash 'Singles' Day' shopping record

13 Sept 06:28 Key points summarised by AI

Chinese consumers set new spending records during the annual 'Singles' Day' event, with Alibaba hitting $38.3 billion and JD.com $29.2 billion, despite an economic slowdown and US trade war worries.
State media hailed the record sales as evidence of China's rising economic strength, showcasing its evolution from the 'world's factory' to a globally powerful consumer market.
While the growth rate slightly moderated from previous years, analysts project continued solid consumption, driven by technology and government efforts to encourage domestic spending as an economic driver.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.