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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.
A pig is seen in China’s Hunan province. The price of live pigs in the country remains near a decade low. Photo: SCMP
China food security

China hog prices, near decade low, seen squeezing profits amid deflation risks

Ministry data reveals nine-month slump in breeding stocks while top-listed companies face big financial hits as rising fuel and grain costs erode margins.

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China property

China should learn household balance sheet lessons from US: report

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China’s private sector

A new battlefront for KFC and its Chinese rivals: the lighter meal

China GDP

China boosts services for migrant workers to spur consumption

Cities will have to give migrant workers and their families better access to healthcare and education services under a loosening of the household registration system.

Photo: Getty Images
Luxury brands

China sales hold up as European luxury brands warn of Iran war impact

While LVMH, Hermes and Prada recorded increased sales in Chinese market, Kering reported a decline.

Hong Kong property

Hong Kong to see more mainland Chinese brands enter retail market, analysts say

In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland brands, according to JLL.

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China's economic recovery

HSBC cuts China retail sales forecast by nearly half on property, job pressures

Consumption is facing renewed pressure as a weak labour market and diminishing returns from subsidies cloud outlook, the bank says.

People are seen at a shopping mall in Beijing on May 2. Photo: AFP
China economy

China’s unexpected retail slowdown shows Hormuz strains

Retail sales growth slumped in April, industrial output cooled and fixed-asset investments tumbled as high oil prices hit China’s economy.

China manufacturing

China’s economy ‘weaker than expected’ in April as Iran war headwinds bite

China’s retail sales growth fell to just 0.2 per cent in April, while industrial output and fixed-asset investment softened more than forecast.

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Hong Kong property

Fresh concepts lift Hong Kong retail property as tourists and consumers return

Landlords betting on a diversified tenant mix – from pop-ups to ‘sportainment’ – to sustain growth in retail property market, analysts say.

Hong Kong’s first-quarter retail sales rose 12 per cent from a year earlier to more than HK$106, according to the latest official data. Photo: Eugene Lee
China’s film industry

How a tiny indie movie sparked a major tourist boom in southern China

Made on a shoestring budget, the hit drama Dear You has triggered a surge of interest in the history of southern China’s Teochew diaspora.

A poster for Dear You, an independent film set in Chaoshan, Guangdong province, which has become an unexpected box office hit in China. Photo: Handout
Banking & finance

China’s credit demand weak in April despite policy support, strong industry

Lending growth slows as borrowing demand from households and businesses remains weak.

China inflation

China’s producer, consumer inflation up in April as Iran war pressures persist

Factory-gate prices increased 2.8 per cent last month and consumer prices were up 1.2 per cent, surpassing expectations as fuel costs rise.

China economy

Opinion | Can China engineer a price recovery that doesn’t make people feel poorer?

The producer price uptick offers a policy window: if reinforced by household demand and expectations, it could kick off a broader recovery.

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People cross a road near a shopping centre in Beijing on March 7. Photo: AFP
China travel

China’s record travel volume meets cautious spending in May Day holiday surge

Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending.

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Dozens of yachts are seen in waters off the coast of China’s Hainan province on Sunday, during a five-day national holiday. Photo: Xinhua
China’s film industry

China’s Labour Day box office disappoints despite strong line-up – what happened?

Cold War 1994 and The Devil Wears Prada 2 were tipped to shine in a crowded release window – but many consumers chose to stay away.

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China GDP

China’s economy in 2026

First-quarter GDP grew 5 per cent as strong manufacturing and exports masked weak domestic spending and a March slowdown.

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Shenzhen

Shenzhen’s economic dilemma: soaring GDP, stagnant consumption

Shenzhen’s retail sales barely rose in the first quarter despite strong GDP growth, a sign of the Chinese tech hub’s unbalanced development.

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People shop at CoCo Park in Shenzhen last month. Photo: Edmond So
China's economic recovery

China’s ‘common prosperity’ push faces reality check as inequality rises: study

A leading economist warns widening income and wealth gaps are constraining Beijing’s agenda.

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China travel

From Beijing to backwaters? Why China’s live music boom is spreading

Local authorities are using big concerts to attract tourists and revenue, part of broader efforts to boost consumption under new five-year plan.

China trade

Durian Express? China brings in cheaper fruit with new Southeast Asia train

A new cold-storage rail service is whisking mountains of durians from Thailand to China, reducing prices for the prized fruit.

A shopper browses a mound of durians at a market in Hong Kong. Photo: Eugene Lee
China travel

Trip.com aims to bring 200 million tourists to China, buoying GDP growth

The company believes China could become the world’s top tourism destination, according to reports.

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Foreign tourists order food at a restaurant in Tianjin, northern China, on April 24. Photo: Xinhua
China's economic recovery

Open Questions | How China can avoid a repeat of Japan’s ‘lost decades’

Bai Chongen, an economist and adviser to China’s government, explains how the country can dodge ‘Japanification’ and why its economic rise is misunderstood.

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China travel

China braces for record Labour Day travel surge as tourism demand remains robust

China expects to handle a record 304 million cross-regional trips per day over the holiday, as the government focuses on boosting consumption.

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China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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Blocks with symbols and atomic numbers of various rare earth elements are seen on a Chinese flag. Illustration: Reuters
Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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A worker produces photovoltaic modules for export at the workshop of a new-energy company in China’s Jiangsu province. Findings indicate a disproportionately high number of “zombie companies” in the nation’s renewables sector. Photo: Getty Images
China birth rate

In China, a France-sized population loss begins to test coastal powerhouses

Rising pension burdens and social security subsidies are also straining public finances – though trends remain uneven, analysts say.

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China GDP

Guangdong’s rule as China’s GDP king faces an unprecedented threat to the crown

A rival provincial powerhouse, with a GDP as big as some G7 nations, is becoming a hub for strategic emerging sectors while outpacing the national economic growth rate.

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