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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
Consumers shop for refrigerators at a trade-in promotion for home appliances in Handan on October 7, 2024. Photo: Getty Images
China stock market

Buy or wait? Consumers put Beijing on hook for more rescue subsidies

Retailers fret about weak sales while ‘greedy’ consumers hold out for bigger subsidies from Beijing next year.

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China’s economic stimulus

China’s finance ministry vows measures to boost consumption and investment

Hong Kong property

Shimao slashes Hong Kong hotel price by 25% to speed up restructuring

China jobs

How China’s consumption downgrade pushed small businesses to the brink

Small-business owners have been forced to cut staff and close stores in ever greater numbers in recent months, adding to China’s economic gloom.

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A staff prepares drinks at a bubble tea shop. Photo: Guming
Electric & new energy vehicles

China will retain car-export crown in 2025, but growth may slow on EU EV tariffs

China’s top auto firms are likely to diversify by introducing petrol cars and hybrid models to blunt the impact of trade barriers.

Tourism

My Take | China’s extended visa-free tourist stays drive momentum for opening

Its latest foreign-visitor policy shows that China is willing to be pragmatic, rather than adhering strictly to ideologies.

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Ukraine war

Russia’s overheated economy is squeezing one of its key China trading channels

Investment in Russia’s railways is to be slashed by nearly a third, complicating trade with China, state media reported.

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Russia’s President Vladimir Putin, left, and China’s President Xi Jinping in front of the Great Hall of the People in Tiananmen Square, Beijing in May. Photo: Pool / AFP / Getty Images / TNS
Shenzhen

Hongkongers find lure of Greater Bay Area’s attractions hard to resist: survey

Hong Kong residents are flocking to the Greater Bay Area for shopping, hot springs and more, attracted by cheaper prices and new experiences.

China GDP

Opinion | China can’t rely on technology as a panacea for economic recovery

As weak consumption hinders economic growth, policymakers must consider improving labour rights and wealth distribution to boost demand.

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China deflation

Diamonds are plunging in value around the world. Is China to blame?

China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.

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A 56.23-carat pink diamond. Photo: Handout
China's economic recovery

Editorial | Patience needed when it comes to managing the economic recovery

Bringing about meaningful structural changes and stimulating healthy growth in the world’s second-largest economy is no simple task.

A quality inspector checks crankshafts at a factory which produces the mechanical component for both the domestic market and export in Binzhou in China’s eastern Shandong province. Photo: AFP

China makes new overtures to foreign firms, pledging market access and services

Li uses trip to Zhejiang to reaffirm support for overseas investors and private domestic players.

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China's economic recovery

China sees surge in travel demand for extended Lunar New Year holiday

Flights and group tours are already booking up weeks ahead of the eight-day public holiday, which begins on January 28.

Artificial intelligence

China faces AI talent shortage in otherwise booming industry, report finds

A quarter of ‘new economy’ job openings this year on the Maimai platform have been directly related to AI, as Big Tech firms fight for top talent.

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AI has emerged as a bright spot in a bleak domestic job market in China’s “new economy”. Photo: Shutterstock
China's economic recovery

How has Hengqin helped Macau diversify its casino-dominated economy?

Greater Bay Area plan has added impetus to development of neighbouring island in Zhuhai.

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Illustration: Henry Wong
United States

Outside In | Does Trump’s tariff-happy team realise China is playing weiqi, not chess?

Much depends on how successfully Trump seduces leaders away from multilateral rule-making and how firmly China resists the siren call of bilateralism.

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E-commerce

China’s tax authority to demand online influencer, merchant revenue numbers

A newly proposed regulation would require internet platform operators to report revenue information about users.

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China trade

‘Resilient’ trade gains see Shenzhen poised to overtake Shanghai despite US tech siege

Total trade value in city dubbed China’s Silicon Valley surged past 4 trillion yuan from January to November, with a record year-on-year increase.

Strong growth in Shenzhen’s trade has been buoyed, in part, by rising demand for Chinese electronics and hi-tech products. Photo: EPA-EFE
China's economic recovery

How China manages big data is changing, as new state-owned firm takes the helm

Restrictive ‘data silos’ have impeded logistics and hindered commercialisation of data, but a new centrally managed company aims to tear down barriers.

Electric & new energy vehicles

China’s car parts, software industry to hit US$356 billion by 2030

Market for car parts and software is likely to grow at an annualised pace of 28.8 per cent between 2026 and 2030.

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China birth rate

Opinion | Why China will struggle to boost consumption

A system which emphasises stability and control will face challenges in uncovering the DNA of the Chinese consumer.

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A woman shops at a clothing store in Beijing, China, on October 18. Photo: EPA-EFE
Stocks

Chinese toymaker Pop Mart’s 370% surge fuelled by blind box collectibles

Pop Mart’s blind box toys have become a global sensation, turning the toymaker into the hottest Chinese growth company.

Pop Mart earns most its revenue from proprietary intellectual property products. Photo: Shutterstock
Stocks

Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge

The Beijing-based ‘old shop’ jeweller’s unique luxury strategy draws comparisons with Cartier and Tiffany.

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China's economic recovery

Why are foreign tourist arrivals in China suddenly surging this month?

Travel platforms such as Fliggy and Trip.com see huge influx in interest as Beijing makes it easier to transit.

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China's economic recovery

China’s youth-unemployment pressure is easing – for now, at least

The youth-unemployment rate fell to 16.1 per cent in November, its third consecutive monthly decline, according to Chinese government data.

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People attend a job fair in the northeastern Chinese city of Shenyang in October. Photo: AFP
Macau

Macau 25 years on: embracing growth beyond gaming

Reclaiming aggressively, breaking gambling monopoly, diversifying the economy: where is Macau heading next?   

China stock market

Macroscope | Never mind stimulus, rebalancing is China’s real economic challenge

The problem is not China’s leaders lacking the will to enact large-scale stimulus but whether it will work given the present challenges.

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China food security

Fertiliser on its way out, advanced tech is in, as China sees record farm yields

Modernisation efforts come as food-security stability grows more critical in China’s agrarian undertakings.

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