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Economy /

Policy

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Regulation
Financial regulation
People’s Bank of China (PBOC)
Yuan
Currencies
China trade
China GDP
China's population
China manufacturing
China’s Ministry of Finance, along with the State Taxation Administration, issued detailed rules this year governing individual income tax on offshore trusts, with some Hong Kong MPF accounts now mistakenly caught up in the tax drive. Photo: VCG via Getty Images
Banking & finance

Mainland Chinese tax drive flags Hong Kong MPF accounts as offshore trusts

As Beijing tightens tax collection, some mainland residents who previously worked in Hong Kong are being asked to explain their MPF accounts.

China debt

China publicly names officials in ‘unprecedented’ debt crackdown. Can it work?

Banking & finance

Fed rate hike risks worsening China’s economic divide

Hong Kong Monetary Authority (HKMA)

In wake of US rate hikes, Hong Kong dollar may come under pressure: HKMA

HSBC and other major banks keep prime rates unchanged after HKMA raises base rate by a quarter-point in lockstep with Fed.

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The HKMA office at Two International Finance Centre in Central. Photo: Jelly Tse
The HKMA office at Two International Finance Centre in Central. Photo: Jelly Tse
China-EU relations

Sweden’s long election night leaves few certainties – except caution on China

Despite close result, main parties agree on reducing economic dependence on China and pushing Europe towards a tougher line on Beijing.

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China economy

In Focus | Is China’s new local surtax a game-changer, or a bureaucratic tweak?

Analysts say the proposed surtax – a reworking of three local revenue sources into one semi-autonomous levy – should help streamline finances.

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China's population

Shanghai waives all out‑of‑pocket expenses for maternal care

The city’s fertility rate last year was just 0.66 – well below the 2.1 needed to ensure a stable population.

A staff member cares for newborn babies at a postpartum care centre in Shanghai. Photo: AFP
A staff member cares for newborn babies at a postpartum care centre in Shanghai. Photo: AFP
Chinese culture

China targets youth with plan to revamp ‘outdated’ heritage products as ‘trendy’

Heritage is the latest sector targeted by authorities, following similar efforts in the sports, winter tourism and nightlife industries.

Banking & finance

China’s capital injection a first step to easing financial strains: analysts

Capital boost strengthens buffers of financial institutions, but stronger fiscal support is needed to reignite credit demand, observers say.

China consumption

Open Questions | Better social security is key to fixing China’s unbalanced economy: Lan Xiaohuan

The bestselling author also discusses how recent geopolitical events are shaping China and makes the case for a social safety net.

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Illustration: Henry Wong
China’s private sector

China bans private tutoring. So why are cram schools still bleeding parents dry?

Five years ago, China imposed a sweeping ban on for-profit academic tutoring. But the sector has quietly made a comeback amid intense parental demand.

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Students attend class at a school in eastern China’s Zhejiang province. Photo: Xinhua
Students attend class at a school in eastern China’s Zhejiang province. Photo: Xinhua
Banking & finance

China signals urgency over construction timelines amid investment decline

The NDRC urges faster work on major projects and the six networks initiative to reverse falling investment.

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Mainland China

Pipes, power and petaflops: what’s behind China’s big ‘6 networks’ push

With US$1 trillion earmarked for this year alone, a look at where and why Beijing is investing, where progress stands and what comes next.

China jobs

Volkswagen launches inquiry into Changzhou supplier following mass lay-offs

The firm launched an investigation following the lay-offs in Jiangsu province of over one hundred graduates a month after they were hired.

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A Volkswagen electric vehicle on a production line at a factory in Hefei, Anhui province. Photo: Reuters
China travel

China’s 3 major airlines bet on global demand to offset deep losses: analysts

Chinese carriers choose low fares, long-term expansion as regional conflicts and weak domestic demand affect revenues.

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A China Eastern Airlines Airbus A330 aircraft as seen on final approach to London’s Heathrow Airport. Photo: Getty Images
A China Eastern Airlines Airbus A330 aircraft as seen on final approach to London’s Heathrow Airport. Photo: Getty Images
Belt and Road Initiative

How China’s rail diplomacy could shield regional supply chains from shocks

China’s Kyrgyzstan rail pledge highlights wider drive to knit Asia together and strengthen trade links.

China's population

In Focus | China’s elderly need long-term care. Will a new insurance scheme provide it?

The central government has announced plans to provide nationwide coverage by 2028, but uneven regional development is a major hurdle.

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China’s economic stimulus

China to speed up bond issuance after national meeting on investment: analysts

The fixed-income securities are to be used to fund national infrastructure and construction ventures to boost the economy.

Women in Beijing’s central business district. Photo: EPA
Women in Beijing’s central business district. Photo: EPA
China manufacturing

China’s factory activity improves in August, but stays in contraction

The PMI index was up last month to 49.8 from 49.2 in July, according to figures from the National Bureau of Statistics.

China's population

China needs 600% child subsidy rise to prevent deeper birth crisis: scholars

China’s fertility rate could soon fall to world’s lowest unless action is taken, as current subsidies are ‘a drop in the bucket’, scholars warn.

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China's economic recovery

China moves to stabilise property sector with ‘stronger-than-expected’ package

The measures aim to shift China’s vast property sector away from a presales model, as Beijing strives to stabilise market downturn.

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A man walks on an overpass near residential buildings in Beijing. Photo: Reuters
Yuan

PBOC cautious on yuan gains despite US dollar weakness: analysts

Compared with a more than 2 per cent decline in the US dollar index since late July, the yuan gained less than 1 per cent against the dollar.

Chinese yuan and US dollar banknotes are seen in this arranged photo taken April 9, 2025. Photo: dpa
Chinese yuan and US dollar banknotes are seen in this arranged photo taken April 9, 2025. Photo: dpa
China consumption

‘On-the-ground exports’: Shanghai turns to foreign tourists to boost consumption

Inbound visitors are considered a low-cost initiative to address the nation’s consumption figures.

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Asia-Pacific Economic Cooperation

China unveils smog-busting plan to clear Shenzhen’s skies for Apec summit

Tech hub to curb industrial output, conduct drills and use AI to pinpoint pollution sources, creating ‘crisp air’ as world leaders roll in.

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China's economic recovery

‘Policy addiction’ warning signals Beijing’s preference for targeted stimulus

With an eye on long-term stability, People’s Daily says officials have tools to respond amid weak demand, property risks and local-government debt.

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People ride bicycles on a street in Beijing. China’s leadership is looking to avoid an overreliance on strong policy stimulus while striving to reach economic growth goals. Photo: AP
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