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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.
President Xi Jinping at the Great Hall of the People in Beijing on July 8. Photo: Xinhua
China's economic recovery

China’s Politburo pledges policy support, spending to counteract sluggish growth

The high-level decision-making body also set October for the fifth Central Committee plenum, which will set the stage for next year’s party congress.

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Labubu

China’s Pop Mart opens new store in Singapore’s Sentosa as domestic sales slow

How luxury is made

LVMH’s fashion and leather division reports 1% organic growth in second quarter

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Mainland China

China’s 15th five-year plan for consumption

Officials have set a target for retail sales to hit 60 trillion yuan, or US$8.9 trillion, by 2030 under a plan approved by the State Council.

Photo: EPA
China GDP

China’s ‘K-shaped’ economy is divided not just by sector, but geography

The divide between China’s booming tech industry and struggling consumer sector has drawn attention. But regional disparities are also widening.

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China technology

Back in fashion? Burberry sales jump in China amid tech wealth

Burberry and Cartier see sales surge in China, driven by Gen Z and tech wealth, but recovery remains uncertain amid economic challenges.

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China debt

Price of parenting: the household maths giving China’s consumers pause

Falling property wealth, job insecurity and sky-high childcare costs are forcing middle-class families to aggressively scale back consumer spending.

A newborn baby is seen with family members at a hospital in Heshan, south China’s Guangdong province, on February 10, 2024. Photo: Xinhua
China’s private sector

Meet Yu Donglai, founder of China’s viral supermarket chain and premier’s guest

Yu’s company has caught the public’s attention for its business practices and high-quality goods.

China energy security

China’s 15th five-year plan for renewable energy development

Beijing unveils renewable energy targets for the next five years, aiming to increase green energy consumption by more than 50 per cent.

China's economic recovery

Shanghai beats GDP estimates with 5.6% growth – but two-speed recovery persists

Official data points to a resilient tech-led rebound even as prominent economists warn household spending remains stubbornly cautious.

A view of the Lujiazui financial district in Pudong, Shanghai, on October 27, 2025. Photo: AFP
China manufacturing

China’s car industry is on a tear overseas. So why are sales at home plunging?

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.

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Illustration: Davies Christian
China property

Ikea’s China remodelling: parent firm to sell 8 former retail sites

Sales follow store closures as Swedish furniture retailer focuses on online channels amid sluggish property market, consumer spending.

Elon Musk

How Musk son’s viral bag highlights rise of China’s thriving heritage e-commerce

China’s intangible heritage crafts have evolved from handmade nostalgia into a surging online industry driven by young artisans and buyers.

Mainland China

Under pressure: China’s yoga apparel market slows as consumers diversify hobbies

Growth has slowed in the market for yoga workout gear as Chinese consumers pivot to other brands and activities.

A Lululemon shop in Shanghai on May 19. The brand is seeing slowing sales amid a backdrop of shifting consumer preferences. Photo: AFP
China economy

Opinion | How domestic tourism is driving Chinese consumption and growth

After a blockbuster first half, all eyes will be on how domestic tourism sustains the momentum through the autumn and ‘golden week’ breaks.

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Illustration: Craig Stephens
Mainland China

A Shanghai bout, a home-grown fighter – can the UFC repeat the NBA’s China success story?

Two months after the White House fight night, UFC will bring one of US President Donald Trump’s favourite sports to Shanghai.

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China GDP

China’s slowing economic growth boosts case for stimulus

Upticks in June retail sales and industrial output growth to meet export demand are the bright spots amid a raft of sobering economic indicators.

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China GDP

China’s second-quarter GDP misses mark, with lowest reading since end of 2022

Growth rate of 4.3 per cent complicates the country’s push to meet annual targets, contrasts with strong trade figures.

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A staff member works at an e-bike workshop in Huizhou, south China’s Guangdong province. Photo: Xinhua
IPO

Waning appetite: why mainland Chinese F&B stocks are losing favour in Hong Kong

IPO lapses and sliding share prices underscore how weak consumption is dulling Hong Kong’s appetite for mainland China’s food sector.

China trade

Fashion statement: Louis Vuitton takes China’s trademark regulator to court

The French luxury brand is suing the government body as it faces backlash over a trademark dispute with a Chinese milk tea chain.

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China economy

‘Critical period’: Beijing unveils five-year plan to boost consumption

Policymakers set US$8.85 trillion retail goal for 2030, betting on services, property and cars to anchor growth amid weak demand.

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Customers check out televisions at a home appliances store in Changzhou, Jiangsu province. Photo: VCG
China economy

Opinion | Why China is seriously cultivating AI entertainment

With rules and support, policymakers appear to be positioning AI and its entertainment nexus as the foundation for a new cultural economy.

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Monitor screens at a microdrama film studio in Shanghai, China, on October 10, 2025. Photo: AFP
Hong Kong stock market

What Labubu fatigue? Star investor buys bigger stake in Pop Mart

China’s answer to Warren Buffett now owns a 7.65 per cent stake in the toy brand, despite a lukewarm reception for the new Labubu Hair Salon series.

China manufacturing

Why factories in southern China are feeling the squeeze despite pickup in orders

Manufacturers hoping for stimulus measures turn attention to coming Politburo meeting as costs eat into profits and investment.

China economy

Five Guys eyes Beijing as US chains hunger for success in China

Unlike earlier attempts that relied on management by overseas headquarters, US firms now favour franchising, analyst says.

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Five Guys targets quality-focused diners in first-tier cities. Photo: Getty Images via AFP
Chinese tourists

How a quiet Chinese fishing village became a global surfing hotspot

Wanning, on tropical Hainan Island, is now home to 160 surf clubs and welcomes 500,000 visitors a year.

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Huang Xing, who helps manage a surf club in Wanning, Hainan province, tests the waves Photo: courtesy of Xie Yao
China-Japan relations

Uniqlo defies sluggish China market with double-digit profit growth

Parent company Fast Retailing shrugs off a 0.6 per cent drop in China’s total retail sales amid frayed Beijing-Tokyo ties.

E-commerce

China unveils retail road map: 5 years to shield physical stores from e-commerce

Beijing’s new 2030 retail road map targets price parity and social experiences to combat ‘trading down’ as retail growth hits weakest pace since pandemic.

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