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China economy

People look at a car made by Chinese EV company Nio in a showroom in Berlin on August 17, 2023. Photo: Reuters

Chinese EV makers’ global plans hit bumps amid Beijing’s warning, failed deals

After officials warned against investments in EU countries that favoured recent tariffs, EV makers may need to rethink their strategies.

Could ‘Peace Beans’ trade enrich US, China agricultural supply-chain diplomacy?

China-Canada direct flights to ‘surge’ to meet demand as talks yield results

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Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

Shenzhen is China’s second-largest R&D hub by expenditure. Photo: Costfoto/NurPhoto via Getty Images

BYD shrugs off Europe EV tariffs to deliver Sealion 07 SUV from 2025

Chinese EV makers are pushing sales in export markets amid stiff competition, sluggish economy at home.

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How can China unleash the spending power of its millions of migrant workers?

Deregulation and ‘people-centred urbanisation’ that fills public service gaps can spur consumption, Hong Kong forum told.

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Beijing names financier Qi Bin as deputy director of Hong Kong liaison office

Qi Bin, vice-president of China’s sovereign wealth fund, will serve as a deputy at the central government’s liaison office.

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Qi Bin has been appointed as deputy of the central government’s liaison office in Hong Kong. Photo: Handout

China sets yuan fix to 14-month low as Trump win piles on the pressure

Yuan’s midpoint rate falls to 14-month low as Trump’s election throws most currencies other than the US dollar into uncharted waters.

Exclusive | China to host leaders of international bodies as global uncertainties mount

Meeting will provide briefing on country’s economic development and seek better ways to navigate increasing uncertainties.

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China unveils new tax breaks to boost home sales, free up household cash

‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.

An agent speaks with potential buyers near a scale model of residential buildings at a property fair in Shenzhen, Guangdong province, on Tuesday. Photo: Reuters

HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE

Exclusive | Ex-WTO head says China-EU ‘united front’ can counter Trump trade curbs

Pascal Lamy has called for China and the EU to resolve their differences and defend global trade together in a second Trump term.

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Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

Chinese workers to get 2 extra days’ holiday, including longer Lunar New Year

Two public holidays will be extended by a day, but the survival of the unpopular ‘holiday swap’ system tempers enthusiasm.

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Lunar New Year, the country’s biggest festival, will now be extended by an extra day. Photo: Xinhua

Hong Kong urged to deepen bay area ties, help region’s firms expand abroad

Recent bay area trade show that drew 2.26 trillion yuan in investments is a sign of revived investor confidence, observers say.

The 2024 Greater Bay Area Global Investment Promotion Conference held in Guangzhou generated 1,933 deals. Photo: Handout

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

China’s widebody C929 jet lands first buyer at top-flight Zhuhai air show

The home-grown C929, still under development, was the subject of a preliminary purchase agreement at China’s premier air show.

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China eyes lift in ‘intensity, accuracy’ of monetary policies amid credit uptick

People’s Bank of China pledges to serve the real economy, while October’s credit data shows a slight improvement.

A Chinese bank teller counting yuan notes at a bank in Shanghai. Photo: AFP

Ant-backed credit rating firm gets central bank approval after 3-year wait

The joint venture, 35 per cent owned by Ant Group, had a prolonged wait after previously licenced firms were approved within weeks of applying.

China’s first-time marriages rebounded last year, but spike unlikely to last

First-time marriages in China increased for the first time in nearly a decade last year, but demographers suggest the rebound is unlikely to last.

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With Trump’s victory, Malaysia sees more interest from Chinese firms to relocate

US president-elect Donald Trump has pledged to slap 60 per cent tariffs on Chinese goods during his campaign trail.

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Former US president Donald Trump speaks at an agricultural policy event in Smithton, Pennsylvania, on September 23. Photo: Reuters

China says stability, ‘deepened reform’ are crucial for economic growth

Party mouthpiece doubles down on positive message and confidence in achieving China’s GDP growth goal for 2024.

A fresh People’s Daily editorial stresses the importance of implementing economic policies that benefit the people, boost consumption and steady the property market. Photo: Reuters

Forget ‘patchwork policies’, China urged to focus on incremental stimulus

Economists spoke after Beijing unveiled its debt-relief plan following a week-long meeting of China’s top legislative body.

Can a flurry of winter tourism, sports help thaw China’s economy?

As northern temperatures start to plunge, China’s State Council issues guidelines for the enhanced cultivation of a ‘snow and ice economy’.

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Trump’s crypto pledge may see China restore digital-asset market: HashKey head

HashKey chairman and CEO Xiao Feng said a number of factors may compel mainland China to open its digital-asset market in about two years.

Beijing has so far given no indication of potentially relaxing its ban on cryptocurrencies, even as Donald Trump’s US election win renews enthusiasm among digital-asset proponents in China. Photo: Shutterstock

Chinese firms get unlikely boost from Trump election as merchandise orders soar

Donald Trump’s election has, contrary to expectation, stimulated one area of the Chinese economy – firms sending Trump merchandise abroad.

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After last week’s US election results, factories in China began producing and selling Trump merchandise at remarkable rates. Photo: EPA-EFE

Exclusive | China’s vice-premier to lead delegation of bankers for HKMA’s finance summit

China’s Vice-Premier He Lifeng will lead delegation to the 2024 Global Financial Leaders Investment Summit in Hong Kong, two sources said.

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Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

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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:
15 October, 2024
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