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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.
Revenue from Wharf’s Hong Kong development properties nearly tripled in the first half, with operating profit rising more than fivefold. Photo: Eugene Lee
Hong Kong property

Wharf firms up balance sheet as Hong Kong sales cushion profit slump

‘Our first choice is investment in Hong Kong’s property sector’, while mainland China lacks ‘good opportunities’, chairman says.

Electric & new energy vehicles

Driven off the road: Nio’s German car registrations down 90%

China consumption

Gap bucks retail headwinds with massive China expansion amid localisation drive

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China's economic recovery

Opinion | China’s economic problems have been diagnosed. Will policymakers act?

What is missing is the willingness to redirect resources away from growth engines of the past and directly support Chinese households.

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Vehicles being loaded onto a ship at Yantai Port in east China’s Shandong province on July 15. China’s gross domestic product grew 4.3 per cent in the second quarter, lagging the government’s growth target of 4.5 to 5 per cent for the year. Photo: Xinhua
Banking & finance

China’s central bank eyes global yuan in first solo 5-year plan in over a decade

The strategy signals Beijing’s push to build a ‘strong central bank’ capable of driving its financial powerhouse ambitions, analyst says.

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China manufacturing

Scholar rebuts claims state subsidies caused China’s industrial overcapacity

In People’s Daily commentary piece, Cui Fan says ‘reasonable industrial subsidies … are a globally recognised and legitimate policy tool’.

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China stock market

Gold breakout rally sends Chinese bullion stocks near record highs

Sovereign-debt risks and reserve diversification seen helping revive investor optimism in the precious-metals market.

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The price of gold rose 1.3 per cent to US$4,479 an ounce on Tuesday. Photo: Shutterstock
China travel

China’s aviation regulator steps up safety communication with foreign carriers

The Civil Aviation Administration of China, following some operational changes, has increased its aircraft checks as an additional safety measure.

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China energy security

In Focus | China’s nuclear machine is leaving the West behind. Is the pace sustainable?

While delays and soaring costs bog down projects in the US, China’s state-directed model is moving at record speed – but geographical limits pose huge challenges.

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China trade

Millions in US tariff refunds flow back to Chinese firms, buoying profits

Five listed firms, operating mainly in automotive and healthcare sectors, disclosed payouts, as reversal of duties strains US customs revenue.

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Shipping containers are moved at the Port of Long Beach in May – a month in which the US government disbursed US$21.97 billion in tariff refunds. Photo: TNS
China’s private sector

China’s drug firms set to compete on the world stage, analysts say

Amid systemic efficiency and a wave of innovation, the country’s biotech sector is expanding at a pace that has caught the market off guard.

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With an efficiency edge that transcends simple cost advantages, China is set to see the emergence of a home-grown drug giant capable of competing with global players. Photo: Shutterstock
Electric & new energy vehicles

Can CATL’s milestone push flying cars closer to a commercial reality in China?

World’s top EV battery maker says aviation pack is ready for mass production after clearing a major safety test.

China energy security

China’s five-year road map for the power sector

Beijing has set a target of generating 50 per cent of electricity using non-fossil fuels by 2030 in its latest push for energy security.

Rare earths

Despite global tensions, China’s rare earth producers have profitable first half

Rapid expansion of AI supply chain has given rare earth prices a strong upwards trajectory, analyst says.

Rare earths are loaded on to a ship at a port in Lianyungang, Jiangsu province. Photo: AFP
Banking & finance

China’s panda bond market surges as Goldman Sachs flags limits to yuan expansion

Issuance of yuan-denominated debt surges, including in dim sum bond market, but sustained global use of yuan seen requiring broader access and stronger finance links.

Yuan notes are counted at a bank in China’s Jiangsu province. According to a Goldman Sachs analyst, “the current bond-issuance boom is a historic opportunity”. Photo: Reuters
Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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China's economic recovery

How China’s Zhangjiajie aims to revive a US$296 million loss-making tourist site

A 150,000-visitor opening offers an early signal, but analysts warn that lasting cash flow will require stronger products, local culture and tighter operations.

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China exports

How China’s brands are thriving in the US despite rising geopolitical tensions

Chinese brands like Pop Mart are winning over American consumers by projecting a global image and targeting niche markets.

The Labubu float from Pop Mart makes its way down Sixth Avenue during the Macy’s Thanksgiving Day Parade in New York City last November. Photo: AP
China technology

China races to develop brain-computer interfaces that can be inserted in minutes

The technology – which allows patients to control digital devices using their thoughts – can be implanted like a stent in just a few minutes.

China consumption

China’s factory-gate prices growth slows to 3.5% in July amid lower fuel prices

Amid lower domestic fuel prices and weak domestic demand, the national consumer price index rose 0.5 per cent last month.

China jobs

In Focus | Why foreign workers are still climbing mountains of paperwork for a job in China

Beijing’s rigid visa points system and strict sponsorship rules frustrate young expats, but most are still undeterred in their job search.

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Illustration: Kaliz Lee
China jobs

China’s viral ‘dream job’: tight labour market fuels rush for alternative work

A highly-coveted mountaintop gig has exposed the sobering economic realities facing young jobseekers.

After 22-year-old content creator Li Sichen beat nearly 3,600 applicants to become the first cloud observer at Laojun Mountain in Henan province, Chinese social media called it the ultimate dream job. Photo: Handout
Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

Banking & finance

Meet the next generation of Chinese stars making their mark in global finance

New finance talent brings analytical discipline and cross-cultural fluency across global asset management, crypto and quant trading.

China’s soft power

Opinion | China’s brands must outgrow diaspora bubble to hit soft power potential

Only through commercial independence and deep localisation can Chinese firms abroad forge a durable soft power that state policy can’t produce.

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Illustration: Victor Sanjinez
Artificial intelligence

Cambricon posts 108% surge in revenue amid China’s massive AI chip drive

The Chinese AI chip giant saw revenue reach 6 billion yuan in the first half of the year, as Beijing pushes to replace foreign hardware.

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People visit the booth of Chinese AI chipmaker Cambricon Technologies at an expo in Shanghai. Photo: Getty Images
Banking & finance

Don’t panic: China says 20% offshore insurance tax does not target Hong Kong

Beijing urged the market not to overreact to the policy – which it stressed was not new – after reports of the tax triggered a sell-off in Hong Kong.

China trade

Lab-made diamonds ride AI demand for chip cooling as China leads industrial boom

Exports surge in first half of year, as the superior heat dissipation of diamonds expands market beyond jewellery, positioning China for further growth.

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