China Economy

What makes the world's second largest economy tick
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Background explainers, news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.

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Remembering Zhu Rongji
Opinion
Government subsidies for consumer goods can only go so far. Beijing’s first five-year plan to lift household consumption is part of an essential pivot.
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But while the export surge is an accidental consequence of self-sufficiency and competitive manufacturers, the solution is not protectionism.
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China’s two-speed economy stems from the shift to new growth engines but the export boom it has created is doing little for jobs or consumption.
1
The massive fine imposed on Trip.com Group is part of Chinese regulators’ campaign against self-defeating cutthroat price wars and competition.
2
The chief justice helped secure public confidence in the judiciary and honoured judges’ security of tenure by requesting rather than demanding that the judge step down.
With better-than-expected trade figures being followed by lower-than-expected GDP growth, Beijing will have to consider how to strike a balance.
2
The central government has allocated billions to climate resilience infrastructure, but the damage wrought by Typhoon Bavi shows more needs to be done.
Their revisionism challenges the neoliberal perspective which treats Maoist command economics and Deng-era capitalist reforms as diametrically opposed.
SCMP ColumnistAlex Lo
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For all the destruction of the Mao era, it also replaced traditional structures with modern frameworks that set up China for rapid growth.
SCMP ColumnistAlex Lo
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After decades of hollowing out their manufacturing bases, Western and Japanese policymakers can and should do more than bewail China’s rise.
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On the 29th anniversary of the city’s return to China and 105 years since the Communist Party’s founding, President Xi expressed high expectations of Hong Kong and Macau.
Instead of hoping for Beijing to commit economic suicide, it would be more realistic for the EU to strike a mutually acceptable trade deal.
SCMP ColumnistAlex Lo
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