China becomes first economy to grow since virus pandemic

21 Sept 07:11 Key points summarised by AI

China's economy posted a 3.2% expansion in Q2, becoming the first major economy to grow since the pandemic began, rebounding sharply from a Q1 contraction.
This recovery was fueled by the lifting of anti-virus lockdowns, allowing factories and stores to reopen, with manufacturing output rising significantly.
While manufacturing leads the rebound, consumer spending remains weak due to job loss fears, and some businesses like cinemas and travel are still restricted.
Economists anticipate continued improvement but warn of persistent challenges, including potential job losses, subdued domestic demand, and worsening U.S.-China relations.

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.