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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
last updated:
15 October, 2024
Visitors wearing costumes take selfies at the opening of a Harry Potter-themed park in Japan in 2023. Photo: EPA-EFE
Tourism

Will new Harry Potter park spell success as Shanghai tries to enchant tourists?

Talks with Warner Bros could see a 40-year-old theme park in Shanghai converted into an immersive experience for fans of the ‘wizarding world’.

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Bonds

Hong Kong can become multicurrency bond hub with Beijing’s support: experts

China's economic recovery

Opinion | Beyond quick stimulus, China needs deeper, more fundamental reforms

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Donald Trump

Editorial | Channelling of funds into China markets to bring needed stability

Move by Beijing aims to counter volatility from threats of Donald Trump with flow of proceeds from pensions and insurance.

Beijing’s latest round of economic stimulus follows a warning that newly inaugurated US President Donald Trump is considering further tariffs on Chinese exports. Photo: AP
China-Middle East relations

At Davos, Saudi Arabia pitches itself as a new hub for Chinese investment

Saudi minister urges China ‘not to miss opportunities’ to invest in the Gulf state – and exploit its access to different markets.

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China trade

Philippine official ‘positive’ on trade with China despite political friction

Trade official says his country can still be a ‘platform’ for China trade, even as US President Donald Trump threatens transshipment tariffs.

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Banking & finance

Salary caps spread in China’s finance sector amid ‘common prosperity’ drive

Some state-backed securities firms have already implemented annual pay caps for senior executives – and large banks, insurance firms and stock exchanges are next.

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Workers in Chinese financial hubs like Shanghai’s Lujiazui are facing pay cuts and layoffs. Photo: EPA
China trade

China breaks durian import record as Vietnam, Malaysia nip at Thailand’s heels

In a year that saw China import US$7 billion of the fruit – a record – upstarts Vietnam and Malaysia are eyeing Thailand’s top spot.

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China stock market

China directs state capital into A shares to anchor stock market

Starting this year, 30 per cent of the annual insurance premium from new policies will be put into yuan-denominated A shares, regulator Wu Qing said.

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US-China relations

Rising US-China tensions top concerns of American firms in China: AmCham China

AmCham China survey, conducted in weeks before and after Trump’s election, finds concerns over deteriorating relations have not been this high since Trump’s first term.

Escalating bilateral tensions have intensified the reluctance of US companies to invest in China. Photo: AP
US-China relations

China vows to protect overseas interests as hurdles and uncertainties mount

Ministry of Commerce says commerce authorities at all levels must bolster risk controls and safeguard overseas interests.

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China’s Ministry of Commerce has mandated that commerce departments at all levels must bolster risk controls and safeguard overseas interests. Photo: Xinhua
Hong Kong economy

Trump tariffs would be bad news for Hong Kong’s biggest exports to US: experts

It will be a lose-lose situation if the US president goes ahead with threat of 10 per cent tariffs on Chinese goods, experts say.

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World Economic Forum

China’s stalled economic engines demand strong manufacturing: economist in Davos

‘Made in China’ must mean ‘cheap, good and hi-tech’, says Zhu Min, former IMF deputy managing director and former People’s Bank of China deputy governor.

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China stock market

China directs funds to stabilise stock market amid Trump tariff threats

Investments from the National Social Security Fund, mutual funds and other sources will be increased to boost the stock market, regulators say.

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Chinese regulators are taking steps to boost the performance of the nation’s stock markets. Photo: Shutterstock
US-China relations

Trump’s America first trade policy: US-China 2020 deal is again under scrutiny

Nomura analysts say Trump’s ‘rather hawkish’ memo on China raises concerns that Beijing will be forced to comply with original trade terms that it failed to meet.

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US President Donald Trump and former Chinese vice-premier Liu He shake hands after signing the phase-one trade deal at the White House in 2020. A review of the deal during Trump’s second term may put pressure on China to fulfil its missed requirements. Photo: Reuters
China property

Sunac’s onshore debt deal bodes well for China’s troubled property sector: experts

The deal could ‘provide a viable reference model for other embattled Chinese property developers’.

Malaysia

Malaysia makes a Trump pivot, seeing risks to its China investments

The managing director of Malaysia’s sovereign wealth fund says it could face challenges in China – but remains bullish on India’s prospects.

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US-China relations

Trump says he is mulling 10% tariffs on China imports

The US president is framing the possible tariffs as a penalty for the flow of fentanyl from Canada and Mexico.

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US President Donald Trump gestures as he leaves after speaking in the Roosevelt Room at the White House on Tuesday. Photo: AFP
World Economic Forum

China’s vice-premier says chaotic competition on AI could bring ‘grey rhino’

Ding Xuexiang also tells Davos that Beijing isn’t pursuing a trade surplus and there are ‘no winners in a trade war’.

US-China relations

‘We’ll be surprised’ by US-China improvements, Harvard scholar argues in Davos

Graham Allison bucks a trend among analysts warning of worsening ties between the world’s biggest economies, and he does not see Donald Trump as a China hawk.

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US-China relations

‘Gradual’ US tariffs on China may foreground Trump-Xi summit: Citi

As Trump’s promised day-one tariffs on China failed to appear, a Citi economist has posited import duties may come slower than expected.

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US President Donald Trump may employ a more gradual approach to tariffs on China than previously expected. Photo: AFP
China inflation

Why are Chinese provinces ditching ‘legacy’ 3% CPI target for 2025?

China is facing a rocky road to reflation after its actual CPI growth stayed far below annual control targets, and regional governments appear less hopeful that consumer demand will markedly rise this year.

Consumers examine blind boxes at a Pop Mart store in Beijing. The nation’s consumer price index target has increasingly become an indicator of demand. Photo: Xinhua
World Economic Forum

Ding warns Davos AI can be ‘Ali Baba’s cave’ or Pandora’s box – as it happened

Vice-premier addressed China’s economic vitality, global cooperation and concerns over artificial intelligence at World Economic Forum in Switzerland.

China GDP

China’s leaders put spotlight on tech self-reliance, private sector confidence

At gatherings including figures from tech, Premier Li Qiang urged the industry to serve as a source of economic growth.

Yuan

Chinese yuan surges after Trump goes easy on China in inaugural address

The Chinese currency jumped against the US dollar as trade war worries receded, but some fear the gains may be ‘short-lived’.

The Chinese yuan surged against the US dollar on Monday following US President Donald Trump’s inaugural address, which struck a softer-than-expected tone on China. Photo: EPA
Hong Kong economy

My Take | The US$3.2 trillion question: how much of China’s forex reserves for Hong Kong?

The central bank’s pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city’s financial hub status.

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China has pledged to increase its foreign exchange reserve holdings of Hong Kong dollars, but it is likely to keep around half of its portfolio in US dollars for “safety”. Photo: NurPhoto via Getty Images
China technology

China calls for overseas education ventures in push for tech advancement

Overseas universities specialising in science, tech should be sought for joint projects, China says in wide-ranging 10-year education plan.

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Commodities

Gold discoveries show how China’s mineral search is yielding precious prospects

Authorities again announce huge findings of gold veins across different Chinese regions, with the help of big data and powerful computing.

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