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China economy

A Meituan food delivery courier in Beijing. Photo: Bloomberg

Meituan says its riders earn more than the average Beijinger

A new report by the company portrays gig employment as an alternative for people in between full-time jobs.

A new report by the company portrays gig employment as an alternative for people in between full-time jobs

China unexpectedly holds key rates after Fed’s cut. Here’s why

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Work longer, save smarter: China’s retirement-age changes force rethink of plans

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Trump likelier than Harris to threaten China with tariffs: analysts

Duelling campaign rhetoric belies broad bipartisan consensus, former American trade officials say, with Indo-Pacific ties hanging in balance.

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2024 Republican presidential nominee Donald Trump speaks at a campaign rally in Uniondale, New York, on Wednesday. The former US leader has long championed trade tariffs against China. Photo: Getty Images via AFP

Editorial | US interest rate cut is welcome but many challenges remain for China

China – including Hong Kong – is not out of the woods yet, even with the 50 basis point reduction by America’s central bank.

‘No one is happy’: China’s move to lift retirement age unpopular among workers

Uncertainty over further changes and concerns over economy and jobs market are fuelling discontent over the decision.

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Dump or buy more? China’s holding of US debt in spotlight after Fed’s rate cut

Continued diversification of reserve portfolio may be in order, but into what, and at what speed, are pressing questions.

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Jerome Powell, chairman of the US Federal Reserve, announced a cut to its benchmark interest rate on Wednesday. Photo: Bloomberg

China’s home-grown C919 reaches new heights with flight to ‘roof of the world’

C919 ‘smoothly landed’ at one of the highest airports in the world in western China on Thursday ahead of a series of ‘research and development test flights’.

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China eyes sci-tech venture capital to boost industrial upgrade, economic growth

Premier Li Qiang said on Wednesday the development of venture capital is critical to sci-tech innovation, industrial upgrading and the growth of the economy.

China names, shames 8 authorities after warning regions to curb hidden debt

Notices from top legislature and finance ministry come with debt management under the microscope amid scramble to achieve economic growth targets for 2024.

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A construction crew works on an expressway in China’s Yunnan province, which has launched a 100-day campaign to boost economic growth. Photo: Xinhua

Will start of US rate cuts bring tailwinds to lift China’s economic sails?

US Federal Reserve officially kicked off a rate-cutting cycle by announcing a half a percentage point rate cut on Wednesday.

US Federal Reserve chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee. Photo: Getty Images via AFP

The View | How China is becoming the Saudi Arabia of renewables

China’s declining demand for fossil fuels and increased clean-energy capacity could usher in a new shift in global wealth distribution.

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Editorial | Raising the retirement age inevitable amid China’s demographic changes

It is never a good time to tell people they have to work longer but if China’s public pension system is to be saved, there really is no alternative.

China-Russia trade inches up as US sanctions and payment issues strain growth

After a historic rise in trade between China and Russia last year, their energy exchanges keep slowing, and analysts point to settlement challenges.

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A man walks past traditional Russian Matryoshka dolls at a store where Russian products are sold in Beijing earlier this year. Trade with China has become crucial for Russia’s economy. Photo: AFP

Explainer | China has raised its retirement age. How does this compare to other countries?

Recently announced increases to China’s retirement age have received global attention – but what have other countries done?

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China has raised its retirement age for the first time in over 50 years. Photo: Bloomberg

China’s Mid-Autumn mooncake sales fall back to Earth as consumption woes weigh

‘Why aren’t mooncakes selling?’ Online debate boils over as sales of traditional holiday delicacies lack the bite they used to see.

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Meituan’s delivery workers earn US$11 billion in 2023, CEO says

CEO Wang Xing’s internal announcement reflects Meituan’s efforts to address mainland policymakers’ concerns over the welfare of gig workers.

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Opinion | China’s ‘cross-cyclical’ strategy shows its ability to adapt

Beijing has shown its commitment over the years to constant adaptation and structural reform that sets the stage for balanced growth.

Pedestrians walk along the Bund across from commercial buildings in the Lujiazui financial district in Shanghai, on August 14. Photo: Bloomberg

Bridgewater’s Ray Dalio, Singapore’s GIC chief firm on China investments

Both say they are increasingly cautious on the year ahead due to political risk and uncertain global growth prospects.

China’s tourists hit the road in record numbers as driving tours pick up speed

More travellers are choosing to rent cars and strike out on their own for trips in China as farther-flung destinations gain popularity.

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Hong Kong sees biggest uptick in cryptocurrency activity in East Asia: report

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis.

Hong Kong saw an 85.6 per cent year-on-year surge in cryptocurrency transaction value, the largest growth seen in East Asia, according to a report by research firm Chainalysis. Photo: Shutterstock

China trade tased from all sides, backing Beijing into economic bind: analysts

‘The risk of intensifying trade wars is very real’.

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Cars wait to be loaded onto a shipping vessel for export in China’s Jiangsu province last month. Photo: AFP

US officials head to China for talks amid overcapacity concerns

The US has argued that Beijing’s policy of pushing manufacturing exports is threatening to flood world markets with artificially cheap goods.

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China urged to protect firms, supply chains by safeguarding overseas interests

Study Times front-page article says China must extend its national security mechanisms to protect its interests overseas amid rising tensions.

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Why China is sending southern officials north to rusting economic front lines

More than a dozen senior cadres from the central government and powerhouse provinces have taken up new northern posts this year alone.

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A series of central government and southern officials have been given the job of helping revitalise the country’s former heavy industry heartland. Photo: Xinhua

China, Thailand aiming to create ‘ecosystem using digital technologies’

Digital Economy Promotion Agency of Thailand collaborating with Shenzhen and Hangzhou, as well as Guangxi and Yunnan provinces.

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A visitor takes photos of a 5G sign during an achievement exhibition of the 2023 Global Industrial Internet Conference in Shenyang, Liaoning province. Photo: China News Service via Getty Images

How raising China’s retirement age can help Beijing buy time to plug pension gap

Last week, China announced plans to gradually raise retirement ages by up to five years by 2040, starting from January.

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China-Philippine flights to get wings clipped amid low demand, geopolitics

An expected reduction in routes between China and the Philippines comes as post-pandemic demand has not taken off, while their maritime dispute has also chilled travel.

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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:
9 September, 2024
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