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China's economic recovery

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China economy
Chinese tourists
China's economic recovery
This topic charts China's economic recovery as it, in 2023, enters an era of slower growth, along with an ageing and shrinking workforce, weak consumer demand and a property market downturn.
Photo: AFP
China economy

Pricing law reforms, Wang Yi in South Asia, motor show

This week: Public consultation on China’s pricing law reforms concludes, Wang Yi navigates India-Pakistan relations and the youth unemployment rate surges. Next week: Chengdu Motor Show kicks off, Jimmy Lai trial may close, National Games tickets go on sale, and more.

China manufacturing

China scrambles to fix price wars – by updating a law from 1998. Here’s why

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Mainland China

China expands regulatory arsenal in fight against solar industry price wars

China jobs

China’s youth unemployment hits 11-month high as graduates join job hunt

China’s youth unemployment hit 17.8 per cent in July, the figure’s highest level since August 2024, as millions of degree holders seek work.

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A record cohort of graduates is making an already challenging job market even more difficult for China’s youth. Photo: Xinhua
China’s economic stimulus

China signals bolder policies to boost spending as economic headwinds rise

Premier Li Qiang called for more action to boost consumption and investment, following a concerning set of economic data for July.

US-China trade war

China’s exports, investments to Global South surge in ‘age of tariffs’: report

China now exports about US$1.6 trillion to the developing world – more than 50 per cent higher than to the US and western Europe combined.

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China economy

China’s coastal provinces look to ride economic wave with offshore action plans

The marine economy is playing an increasingly important role in stimulating China’s GDP, from ocean-based energy generation efforts to fisheries.

An aerial drone photo shows the installation of a wind turbine blade in waters off of southeast China’s Fujian province. Photo: Xinhua
China jobs

Letters | Grow senior fitness to solve China’s youth unemployment

Readers discuss a two-in-one solution for Chinese society, encouraging Hong Kong students to exercise, improving elderly mental health, and the power of poetry.

Banking & finance

Chinese researchers lodge concerns over US debt as Beijing limits exposure

As Washington’s debt burden sets records, worries grow over the viability of US dollar assets - reflected in China’s Treasuries holdings.

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China technology

China rises up ‘elite quality’ league table as AI investment booms

China ranked 19th in the latest Elite Quality Index, which assesses whether national elites create sustainable value for their countries.

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Visitors watch humanoid robots fight at the Unitree Robotics booth during the World Robot Conference in Beijing. China has invested heavily in artificial intelligence, robotics and other emerging sectors in recent years. Photo: Reuters
China consumption

‘Let the rich spend’: China told to ease property curbs to spur consumption

A prominent member of China’s top political advisory body wants less regulation and more respect for consumer choice.

Chinese citizens at the sales office of a commercial residential property development in Qingzhou city, Shandong province, on June 16. Photo: CFOTO/Future Publishing via Getty Images
China economy

China retail slowdown, Trump-Putin summit, Wang Yi visits India

This week: Weak retail sales stoke China economy concerns; Trump and Putin prepare for Alaska talks; US and China extend tariff truce by three months. Next week: Wang Yi visits India and Pakistan; Xiaomi posts earnings; Ronaldo may play in Hong Kong, and more.

China consumption

China’s economy shows signs of strain as retail sales, output lose momentum

Retail sales, industrial output fell short of expectations in July as several headwinds appeared to reduce consumer and investor confidence.

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China consumption

China prods consumers again as 20-year first fans slowdown fears

Chinese policymakers rolled out new consumption stimulus measures as the first decline in new bank loans for two decades added to signs that the economy may be cooling.

Photo: Shutterstock
China consumption

Why debt-shy Chinese consumers may snub loan subsidy scheme

Boosting consumption is a top priority for Beijing, but some habits are hard to break.

People shop at a supermarket in Boxing county of Binzhou city, in east China’s Shandong province, on August 9. Photo: Xinhua
China consumption

China urged to overhaul its tax system to boost consumption

China’s current value-added tax regime is undermining Beijing’s efforts to rebalance the economy towards consumption, economists argue.

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China consumption

Beijing urged to curb ‘free milk tea’-style cash burn in e-commerce battle

Instant retail has potential to boost domestic demand, but more government policy support needed to end excessive competition, central bank adviser says.

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Shanghai

Shanghai plans housing upgrade drive in a boost for consumption, investment

The citywide push to unlock new sources of growth will see older buildings renovated and neighbourhoods transformed.

Shanghai skyline with historical Waibaidu bridge. Photo: Shutterstock
China property

China property: Shanghai, Shenzhen could follow Beijing by dropping buying curbs

Policy change will have limited impact but could help stabilise Beijing home prices, Morningstar and Fitch analysts say.

China birth rate

Why China’s baby subsidies may help poorer regions – and how they stack up in Asia

But the universal cash transfers could have a bigger impact on consumption levels than the number of births, some analysts say.

China consumption

Gen Z’s passion for live performances drives nighttime consumption in Shanghai

In its Night Economy 2.0 initiative, the city government has announced a series of events dubbed ‘Wonderful Night Shanghai’.

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The illuminated high-rise buildings of Shanghai’s Lujiazui financial district as seen from the Bund. Photo: EPA-EFE
China travel

Europe is expecting a wave of Chinese tourists. Should it thank Donald Trump?

The US president and a resilient domestic economy are boosting the continent’s appeal – but visas and limited flights remain challenges.

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Chinese tourists take selfie in front of Opera Garnier in Paris, France on September 28, 2019. Photo: Anadolu Agency via Getty Images
China consumption

China’s consumer prices flat in July, while producer deflation persists

CPI reading beats market expectations, but data suggests demand remains weak amid trade turbulence.

China manufacturing

China’s steelmakers cool competitive fires as price war cuts profit margins

Facing chronic oversupply and government demands to end a cost-cutting race to the bottom, China’s steel industry looks for solutions.

China GDP

China should keep GDP growth between 4.5% and 5% for next 5-year plan: scholar

In a Communist Party journal, a professor argues a GDP growth range of 4.5 per cent to 5 per cent would be necessary to reach a 2035 benchmark.

China’s gross domestic product growth remains an important benchmark for the country’s economic health. Photo: AFP
China debt

As China defuses its time bomb of debt, US hears the ticking intensify

Why do analysts see America’s debt situation as ‘more concerning’, and why is China’s situation a ‘big advantage’?

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US President Donald Trump signed his “Big Beautiful Bill” into law last month, raising the debt ceiling by US$5 trillion. Photo: Getty Images
China exports

China’s exports defy trade war headwinds in July as growth surges to 7.2%

China’s exports beat market forecasts in July as rising shipments to Europe, Africa and Latin America offset the impact of US tariffs.

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China's population

China records surprise jump in marriages, raising hopes of births rebound

Beijing is striving to encourage more young people to get married and have children as it bids to arrest the country’s demographic decline.

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