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China consumption

China consumption
The latest news, analysis and opinion on China consumption. In-depth analysis, industry insights and expert opinion.
China is facing a surge in credit card defaults among middle-aged workers, including those with secure public-sector jobs. Photo: AFP
Banking & finance

Silent crisis: China faces spike in credit card defaults from older borrowers

China’s banks are facing a spike in delinquencies among middle-aged borrowers with secure public-sector jobs.

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Mainland China

Starbucks China rolls out buy-before-seating after reversing US open-door policy

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China GDP

In Focus | Beijing wants more than GDP growth from local officials. Can they adapt?

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China property

A 2027 pivot? Goldman, Citi see warming signs in China’s housing market

Encouraging holiday sales and shrinking supply point to recovery for country’s property sector, according to Goldman Sachs and Citi.

A man walks in front of a residential construction site in Beijing on Monday. Photo: EPA
China travel

China attracts 15.6% surge in foreign visitors as visa-free policies pay dividends

China logged a 24.1 per cent surge in visa-free foreign entries in the third quarter, while overseas trips by Chinese nationals also rose.

US-China relations

US, China should learn from Cold War-era arms control on AI: ex-US official

Robert Rubin also called on both sides to take action to address global economic imbalances.

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Asian cinema: Hong Kong film

Actor Daniel Wu launches furniture brand in tough mainland Chinese market

Wu, 52, has stepped back from acting in recent years and Arox, the name of his furniture brand, marks his latest business foray.

Actor Daniel Wu has launched his own furniture brand, debuting with a sofa that he designed himself. Photo: Handout
China GDP

China’s economy grows 4.5% in third quarter, staying on track for annual target

GDP growth picked up pace from the second quarter’s 4.3 per cent expansion, beating expectations and putting year’s goal in sight.

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China's economic recovery

Open Questions | Robin Xing on how China’s ‘two-speed’ economy can solve contrasting problems

Morgan Stanley’s chief China economist on how a new industrial revolution and demand-centric reflation can sustain China’s growth.

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Shanghai

‘China haul’: why foreign tourists are shopping up a storm on the mainland

With easier payments and tax refunds, a greater number of foreign visitors are heading to China for shopping sprees.

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People walk through a shopping mall in Beijing. Photo: AFP
China society

Opinion | China’s ‘golden week’ holidays come at a cost

A week of uninterrupted leave might look generous on paper, but it can conceal the working days shifted elsewhere to make it possible.

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Illustration: Mario Rivera
Mainland China

Skiing in Guangzhou? Hongkongers flock to ice-cool indoor slopes on mainland

Indoor ski resorts are springing up across mainland China amid a winter sports boom – and Hongkongers are keen to take advantage.

Retailing

LVMH touts ‘special bond’ with China amid ‘subdued’ sales backdrop

Antoine Arnault praises firm’s ‘dialogue with Chinese culture’ during global event after lawsuit backlash and sluggish spending mar results.

China food security

Indonesian durian farmers could benefit from minister’s visit to China

Country’s transmigration minister says he is eager ‘to learn from China’s experience in building industry and developing rural economies’.

Durian for sale at a roadside stall in Lombok, Indonesia. Photo: Getty Images
Alibaba

Alibaba targets record Singles’ Day with 1 million brands joining festival

Over 70 million products are also expected to feature this year, as the e-commerce giant expands Qwen-powered tools and pushes international sales.

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Alo’s Tmall store pictured on a smart phone in Beijing. Photo: Simon Song
China deflation

Open Questions | Morgan Stanley’s Robin Xing on China’s next industrial revolution

Will US$12 trillion investment in smart factories be enough to drive growth or is fiscal stimulus needed now to boost consumption, economist ponders.

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China trade

China export surge sets up another record annual trade surplus

A 36.3 per cent jump in September exports means China’s annual trade surplus is set to break US$1 trillion for the second year in a row.

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LVMH

Sluggish Chinese demand weighs on LVMH amid Louis Vuitton’s Molly Tea row

Luxury giant takes a painful hit from slowing sales in Asia due to macro-led deterioration in China and lawsuit against local tea company.

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The LVMH logo is seen on a desk during a presentation of the company's 2025 results in Paris on January 27. Photo: Reuters
China inflation

China’s factory-gate prices rise faster, but consumer inflation subdued

Statistician attributes producer price index growth to higher commodities prices, boost to demand from AI-related infrastructure.

Banking & finance

PBOC adds most gold in three years amid China pivot from US dollar

China’s central bank has bought gold for 23 straight months as the nation seeks to pare its reliance on US-controlled, dollar-based financial systems.

China GDP

IMF revises China GDP projection down for 2026, cautions on export reliance

The latest World Economic Outlook report warns export strength cannot bolster persistent property crisis, sluggish consumption.

The International Monetary Fund headquarters in Washington. Photo: Reuters
Xi Jinping

How Ivanka Trump’s Guo Pei dress put Chinese high fashion in spotlight

Guo, one of China’s best-known couturiers, has also designed outfits for celebrities including pop star Rihanna.

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Ivanka Trump in her Guo Pei outfit at the White House last month. Photo: AP
Retailing

Adidas CEO names outdoor sport, street dance as new China growth drivers

The German company has pledged to open new stores and strengthen its e-commerce presence in China while catering to emerging youth trends.

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Golden week

At a Shenzhen market, ‘golden week’ tourists flock to buy discount gold jewellery

A dip in gold prices and the holiday week draw tourists and shoppers to Shuibei wholesale market.

China travel

China’s hotel room rates disappoint during ‘golden week’ despite tourism boom

Hotel bookings climbed during the National Day holiday, but stronger supply and cautious spending kept rates in check.

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People visit Xuanen county in China’s central province of Hubei during the National Day holiday. Photo: Xinhua
Hong Kong stock market

What tensions? Uniqlo is back in fashion in China despite Beijing-Tokyo dispute

The Japanese clothing brand saw its China sales recover over the past year despite ongoing political tensions and China’s consumer slowdown.

People walk past a Uniqlo retail store inside a commercial shopping mall in Chongqing, southwest China. Photo: Getty Images
China International Capital Corporation

China’s National Day holiday sees uptick in longer trips, overseas travel

Extended holiday boosts long-distance travel, yet plummeting box office sales underscore challenges.

US-China relations

China’s economy to slow as global growth stays solid, US think tank report says

Overcapacity and continued property slump weighing on domestic demand, Peterson Institute for International Economics reveals.

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