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40 years of reform and opening up: All stories

40 years of reform and opening up: All stories
The latest news, analysis and opinion on 40 years of reform and opening up: All stories. In-depth analysis, industry insights and expert opinion.
Illustration: Henry Wong
US-China relations

Why young Chinese are turning away from the American dream

Unlike older generations, who saw the US as the ultimate destination, China’s Gen Z views the superpower through a more pragmatic lens.

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China’s Communist Party

Xi taps Hu Yaobang’s legacy to rally Communist Party to ‘crack hard nuts’

China economy

Opinion | What Elon Musk and Vivek Ramaswamy can learn from China’s reformers

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China society

My Take | Get rich or die trying? China rethinks the pursuit of wealth

China appears to have entered a stage when the pursuit of wealth is seen as something suspicious, not glorious.

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Many in China are rethinking the pursuit of wealth, as the state continues its push for “common prosperity”. Photo: Bloomberg
China's economic recovery

‘A flag into which all solutions can fit’? China’s provinces map out growth aims

Officials in Guangdong, Shandong, Anhui and Liaoning convene meetings to find ways to boost investment and overhaul technology.

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China economy

Opinion | ‘Capital’ is still a dirty word in China – it shouldn’t be

Despite its role in supporting China’s economic boom, private capital still carries a whiff of notoriety in the country.

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China's economic recovery

China’s pledge to support foreign investors isn’t very convincing, survey finds

As the world’s second-largest economy moves toward self-sufficiency, concerns are rising that inward-looking priorities could undermine Beijing’s commitment to open up, while foreign investors feel neglected.

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China has several economic-development zones, including in Shandong province where this textile enterprise operates, and they have long served to bolster foreign direct investment in the country. Photo: Getty Images
China's economic recovery

China’s progress on market reform remains ‘stagnated’, report finds

But despite China’s ‘weaker and more fragile economy’, its openness to trade has been outperforming that of large developed economies, according to the latest China Pathfinder assessment.

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40 years of reform and opening up

How China is reversing cultural openness with the West

In the decade or since Beijing hosted the Summer Olympics, the country’s relationship with developed economies has descended into antagonism and confrontation.

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Greater Bay Area

China’s Shenzhen plans will transform Greater Bay Area, including Hong Kong

Shenzhen has been the nation’s shining beacon of reform and opening-up for decades, and new guidelines released this week show it will continue to be for years to come.

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Experts say Shenzhen has a lot of growing and developing to do as it strives to be a world-class city, and Hong Kong may serve as a template. Photo: Bloomberg
HKEX

China remains top of global investors’ agenda, HKEX boss says

As global investors continue to pour billions into Chinese bonds and equities, HKEX has a key role to play as a ‘connector’, says Nicolas Aguzin.

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Mainland Chinese companies listed on Hong Kong stock exchange account for 80 per cent of the bourse’s turnover. Photo: Sam Tsang
40 years of reform and opening up

New book records Hong Kong’s role in ‘China miracle’

Changes in mainland China led Hong Kong to change course, become global financial centre it is today.

China economy

Could China’s crackdown on Big Tech, private enterprise backfire?

Beijing has in recent weeks issued a deluge of new regulations on industries ranging from tech to private education, raising concerns about the effect of tighter control on the economy.

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China education

Why China cracked down on education, upending a US$70 billion industry

‘Discourse and ideology need to be controlled by the central government’, and Beijing ‘aims to rectify education itself’, industry insider says.

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Parents are concerned that Beijing’s crackdown on for-profit tutoring services will hurt their children’s career prospects. Photo: EPA-EFE
Shenzhen

Personal stories on the Shenzhen ‘miracle’ drive home Beijing’s message

Entrepreneur Chen Zhilie and architectural engineer Lu Jianxin shared the stage with the president at a carefully choreographed ceremony on Wednesday.

Speakers at the ceremony looked back at Shenzhen’s transformation from border village to modern metropolis. Photo: Martin Chan
Shenzhen

Xi Jinping touts Shenzhen as model for China at a ‘historic crossroad’

Xi Jinping on Wednesday praised Shenzhen for showcasing China‘s potential for economic transformation as the country enters a new era of ’unprecedented problems’.

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Shenzhen

Xi calls on Shenzhen to create ‘another miracle’ in next stage of reform

Chinese president tasks city with becoming world-class innovation powerhouse and says it will be given more autonomy to make reforms.

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Shenzhen

Shenzhen to take up arms, once again, in leading China’s reforms

Shenzhen’s financial resources put it ahead of other cities in the Greater Bay Area to take the lead in financial deregulation that will facilitate free trade and cross-border capital flows.

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A light show performed with 826 drones to celebrate the 40th anniversary of the establishment of the Shenzhen Special Economic Zone was held in Shenzhen on August 26. Photo: Xinhua
China economy

China’s academics join calls for reform and opening up

Prescriptions for change are being publicly suggested by Chinese experts as trade conflicts with the West appear set to continue.

China economy

Opinion | China’s strategic opportunities are Beijing’s to lose

Worries over the slowing Chinese economy and China’s current uneasy rivalry with the US have cast a shadow over the country’s future. But the doomsayers need not worry, as China’s success has always been in its own hands.

US-China relations

Opinion | China and the US are moving backwards when they should be cooperating

Beijing’s tighter control and scepticism of Western ideas – like capitalism – have sadly coincided with a new US anti-socialism which seems opposed to government itself.

Illustration: Craig Stephens
Xi Jinping

Opinion | Trade war won’t shake Xi’s grip on power – for now

The Chinese leader has been asserting his authority following biting criticism last year of his government’s handling of the trade conflict. His power is secure, but surely a China that has celebrated 40 years of reform won’t regress to the days when one person could decide the country’s fate.

Illustration: Craig Stephens
US-China relations

Opinion | The US-China relationship is too big to fail, but can Trump and Xi save it?

The normalisation of US-China ties, under Carter and Deng, was an undertaking made possible by a shared vision. How can the current leaders, with their conflicting goals, find a way to move the bilateral relationship forward?

US-China trade war

Exclusive | Ex-US top trade negotiator says China has deviated from its commitments

Inaction by previous US administrations also helped lay the groundwork for the impasse, Barshefsky says.

40 years of reform and opening up

Opinion | Xi’s China is ignoring the US role in its rise to glory

China, under the leadership of Xi Jinping, is diminishing the roles that Deng Xiaoping and foreign countries played in its reform and rise. In reality, it relied on the fair market access that it now denies other countries.

Illustration: Timothy Mcevenue. See: www.timothymcevenue.net
40 years of reform and opening up

Opinion | How China dispelled the 3 myths of economic growth

China’s economic miracle, the greatest development experiment in human history, defies the expectation that economic growth will reduce inequality, usher in political liberalism, and protect the environment.

An exhibition in Hong Kong marks the 40th anniversary of China’s reform and opening up. The series of ‘modernisations’ initiated by Deng Xiaoping transformed one of the world’s least-developed countries into a leading economic power. But growth has not decreased inequality, or increased happiness for most. Photo: EPA-EFE
Asia travel

Unsung hero of China’s opening up is star of Shenzhen museum

Official Yuan Geng reported to State Council on special industrial zone idea before Deng Xiaoping got backing for reform, exhibition shows; Yuan launched reforms in Shekou a year before Deng okayed Shenzhen special economic zone.

40 years of reform and opening up

Video | SCMP The Interview: Wong Cho-lam

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