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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.
Customers look at Labubu dolls on display in a Pop Mart store in Las Vegas July 12, 2025. Photo: Las Vegas Review-Journal/TNS
Banking & finance

Pop Mart sues 7-Eleven stores in US for alleged Labubu trademark infringements

Convenience stores allegedly sell fake Labubu toys and products, hurting its business and reputation, Pop Mart says in California lawsuit.

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Banking & finance

Would you like a handbag with that latte? Luxury brands in China think so

China GDP

As China’s economy beats expectations, why workers continue to carry the burden

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Mainland China

Involution to evolution? China urged to spur new demand, innovation-led growth

To turn excessive competition into a positive, analysts say Beijing needs to focus on demand-side solutions.

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Liu Lijie, a food delivery rider from Ele.me eats his meal at Yushiji restaurant in Beijing on March 18, 2025. Photo: AP
China economy

China talks tough on need to curb price wars

Food delivery companies the latest to be told to keep their competition ‘rational’ as country’s leaders tackle price cutting and overcapacity.

EVs: Companies

‘The American dream has faded’: how Jeep reached the end of the road in China

Chinese consumers have rapidly turned away from the iconic US brand, leading to plunging sales, spiking debts and a historic bankruptcy.

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China's economic recovery

China pledges more consumption incentives to service the service sector

Commerce minister says ‘shortage’ of high-quality service opportunities limits consumption, vows to tap foreign investment.

Chinese Commerce Minister Wang Wentao has called for more incentives to boost consumption in the service sector. Photo: Reuters
China’s economic stimulus

‘Actionable results’ needed to get Chinese spending again, No 4 official says

On the same day China’s political advisory body called for a national discussion to solve the domestic-demand conundrum, Premier Li Qiang also pushed for measures to spur spending.

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Banking & finance

Labubu maker Pop Mart expects first-half profit jump of at least 350%

Beijing-based firm attributes first-half growth to the increased global recognition of the Pop Mart brand and its intellectual properties.

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China economy

Economic growth in China

The Chinese economy expanded 5.3 per cent in the first half of the year, in line with the government’s target, as consumption stimulus measures helped offset a real-estate slump and trade tensions.

Economic growth in China
China economy

China’s economic crunch may just be delayed

Above-target growth from the first half of the year will be difficult to maintain as China faces risks from trade tensions, front-loaded exports and diminishing returns from stimulus.

Photo: Reuters
China’s economic stimulus

China’s strong GDP figures stoke debate over stimulus as US tariff risks loom

China’s economy beat market forecasts to grow 5.2 per cent in the second quarter, but analysts said headwinds would intensify in late 2025.

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China's economic recovery

Explainer | Why China’s fight against cutthroat competition is different this time

Private firms, weaker growth and limited fiscal space will make it difficult for Beijing to rein in ‘neijuan’, analysts say.

United States

Why China’s luxury hotels are selling street food to survive

High-end hotels ditch banquets for fried rice amid weak consumption and tighter controls on lavish official spending.

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Zhongwu Hotel street vendor in Changzhou, Jiangsu province, China, on July 3, 2025. Photo: Handout
China economy

Editorial | A Chinese economy focused on home market can be just as powerful

Beijing’s focus on elevating consumption and protecting the private sector offers hope for Chinese consumers to show their true power.

People take the lifts at a shopping centre in Beijing’s business district on July 10. Amid a volatile global economic environment, Beijing must move quickly to fortify the domestic economy. Photo: AFP
China travel

China sees surge in sales of duty-free goods amid inbound tourism boom

China has expanded a scheme allowing foreign tourists to claim tax refunds on a range of purchases, as it strives to attract more visitors.

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China's economic recovery

China pledges to build megaprojects despite pivot to domestic consumption

Beijing will press ahead with major investment projects, even as policymakers look to boost household spending to drive future growth.

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China economy

Overzealous austerity worsens China’s demand woes

Consumer prices barely rose in June after months of deflation, as overproduction spurs unprofitable competition and excessive frugality among local officials adds to demand challenges.

Photo: Shutterstock
China's economic recovery

China’s consumer prices edge up in June, but deflation worries persist

China’s consumer price index rose for the first time in five months in June, but economists continued to call for bolder action to boost demand.

China's economic recovery

China tried to cut lavish spending. Now some officials fear ordering coffee

Some regions have rolled out draconian austerity measures that have hit businesses hard, complicating Beijing’s drive to boost consumption.

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China economy

Explainer | How can China boost consumer spending? Here are 5 ideas being floated in Beijing

As Beijing’s efforts to boost consumption begin to lose momentum, top Chinese economists are calling for bolder action.

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China has made boosting domestic consumption a policy priority in 2025, as it tries to offset the impact of a trade war with the United States. Photo: Xinhua
Banking & finance

Can Xiaomi disrupt the home appliance market like it did with EVs?

Despite early success at home, industry watchers caution that the company faces significant challenges in competing with established players.

Xiaomi showcases its collection of small kitchen appliances. Photo: Getty Images
China deflation

China urged to take bolder steps to tackle price wars, deflation and weak demand

As Beijing cracks down on cutthroat competition, analysts call for stable jobs, a better social safety net and support for companies.

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China travel

Party at sea: why young Chinese have fallen in love with cruise ship holidays

Convenience, group bonding and affordable fares fuel the latest travel trend, analysts say.

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Smartphones

China’s smartphone shipments plunge 21.8% in May amid weak consumption

The May figures marked a downward shift from the previous three months, as monthly shipments from February to April all rose year on year.

New iPhone 16 Pro Max models on display at an Apple store in the Huangpu district of Shanghai, June 23, 2025. Photo: AFP
China's economic recovery

China’s trade-in programme boosts sales of foreign brands – including Apple

China’s massive subsidy drive has lifted demand for a range of consumer goods, from iPhones to air conditioners.

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Customers browse an Apple store in downtown Shanghai. Sales of iPhones have risen in China over recent months, as the US firm benefits from Beijing’s massive trade-in programme for consumer goods. Photo: AFP
Asean

Opinion | How Asian businesses can compete with China’s apex predators

China’s growing supply chains offer short-term opportunities but Asia must quickly learn from how it tests and strategically nurtures firms.

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Consumers

China’s real consumption ‘far from as low as it seems’, think tank argues

The consumption-volume gap between China and developed countries across various sectors is far narrower than mainstream metrics show, China Finance 40 Forum argues.

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