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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.
Chinese Premier Li Qiang has told officials to adapt to a ‘complex and severe’ situation, citing mounting external pressures. Photo: AP
China economy

Chinese premier says officials must adapt to ‘complex and severe’ situation

Premier Li Qiang says China’s path to modernisation remains ‘heavy and difficult’ amid mounting external challenges.

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China trade

US tariffs hit China’s exports in May, but June seen as ‘a better month’

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China inflation

China’s consumer prices fall for fourth month amid weak demand, trade tensions

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China jobs

‘It’s too much’: Chinese students reconsider UK degrees as policies harden

Young Chinese express dismay at Britain’s rising tuition fees and tough new visa policies – but say it’s still better than Trump’s America.

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Rising tuition fees and tightening visa policies in the United Kingdom are pushing some Chinese students to pursue degrees elsewhere. Photo: Shutterstock
US-China trade war

Tech hub Shenzhen launches plan to support consumption, exporters amid trade war

City aims to boost residents’ spending power, leverage strengths in AI and extend more consumer subsidies as part of 39-point strategy.

China's population

Pay dads to parent? How China could fix birth rate crisis, according to new research

As Beijing grapples with population decline, new research argues subsidies for fathers could tackle falling global fertility rates.

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China manufacturing

Baijiu blues and plum pickings: tastes of China’s Gen Z rewrite liquor industry

Young Chinese are driving a shift from the traditional white spirit to fruity, lower-alcohol beverages, in a sign of as evolving lifestyles.

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The Jiangji Distillery is a brewing base for Chinese liquor, located in Baisha town, Chongqing. Photo: Handout
Made in China 2025

China eyes 10 new national data zones in digital economy push, AI race with US

Beijing targets a booming data industry, turning some regions into digital leaders to advance cutting-edge tech.

China’s economic stimulus

Local governments halt some subsidies ahead of China’s big 618 shopping festival

Abrupt halt to shopping vouchers – meant to stimulate consumption and boost economy – comes as a surprise, with depleted funds and ‘programme upgrades’ cited.

China economy

China’s services sector grows in May despite US tariff fears: Caixin PMI

Growth in consumer-driven businesses edges up, but overseas demand weakens as trade uncertainties persist.

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Tourists pose for photos in front of the bust of Mao Zedong on Orange Island in Changhsa, China on Tuesday, May 13, 2025. Photo: AP
US-China trade war

‘Big, scary moment’? What’s up with Section 899 and its ‘retaliatory’ taxes?

Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign investment in US assets.

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A trader works on the floor of the New York Stock Exchange on Tuesday. Section 899 of Washington’s “big beautiful bill” reflects the US’ increasing readiness to leverage its dominance in the global capital market. Photo: AP
China manufacturing

‘Full of gunpowder’: price wars of China’s carmakers deepen, draw Beijing’s ire

A barrage of official condemnation over ‘involuted’ auto sector comes after major industry players offered big discounts amid overcapacity concerns.

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China consumption

As China’s Dragon Boat Festival, Children’s Day coincide, family tourism booms

As Beijing looks to tourism to drive consumption, travel bookings spike as families celebrate long weekend.

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China manufacturing

Opinion | Why China’s problem of cutthroat competition demands the world’s attention

China’s issues with overcapacity are in the spotlight, but similar dynamics are cropping up elsewhere and threatening to spill over.

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BYD electric cars wait to be loaded onto the automobile carrier BYD Shenzhen at Taicang Port in China’s eastern Jiangsu province on April 27. Photo: AFP
China jobs

Fury as Chinese bank offers to help rich clients’ kids gain top internships

The bank said it would help its clients’ children secure placements at Google and other top firms – if they made US$1.4 million deposits.

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A Chinese bank’s controversial cash-for-internships scheme has sparked outrage in China, where public concern over unfairness and inequality in the job market was already on the rise. Photo: AFP
China jobs

China already had a graduate jobs crisis. The trade war is making it worse

Anxiety among young Chinese is ‘through the roof’ as employers cut graduate roles amid an uncertain economic outlook.

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US-China relations

As US pressure mounts, top China party journal calls for worst-case preparations

Qiushi Journal calls for telling the story of China’s economic certainty amid external pressures and a raft of risks facing the country.

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China economy

Opinion | Urban renewal is part of China’s long game to harden the economy

China’s preferred strategy is steady city development over debt-fuelled expansion and slow-burning stimulus over headline-making injections.

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A view of homes in Beijing on December 16. The deeper value of upgrading older buildings and the surrounding infrastructure lies in long-term spillover effects, such as follow-on spending. Photo: EPA-EFE
US-China trade war

Will US dollar doubts, risk of ‘triple whammy’ give rise to yuan’s renaissance?

In the wake of tariff turmoil and Washington’s ‘Big Beautiful Bill’, analysts are questioning safety of US assets while yuan’s resilience turns heads.

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US-China trade war

China’s industrial profits grow in April despite US trade war

The positive trend aligns with Beijing’s recent data for industrial output and increased exports, but analysts warn uncertainties lie ahead.

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Diplomacy

Editorial | Li Qiang’s Indonesia visit highlights rapid change in world order

As American tariffs disrupt global trade, new alliances are being formed, with Beijing leading the way.

Chinese Premier Li Qiang meets with the speaker of Indonesia’s House of Representatives, Puan Maharani, in Jakarta, Indonesia, on Sunday. Photo: Xinhua
China travel

Back on track: China, Vietnam reopen railway line to support tourism boom

As Beijing expands visa-free travel, the route could also make it easier for international tourists to visit China, analysts say.

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Tourists take photos of a train passing through an old residential area in central Hanoi. Photo: AFP/Nhac Nguyen
China deflation

China’s regulators must act quickly to stamp out price wars: People’s Daily

The party mouthpiece warns that excessive, cutthroat competition is harming the long-term development of industries like food delivery.

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China GDP

China should mull 4% GDP target, support jobs, for next 5 years: former official

If job creation is robust and debt is contained, annual economic growth of around 4 per cent is feasible for the 2026-30 period, former economic official Xu Lin says.

US-China trade war

Open Questions | Truth in the truce: Wendy Cutler mulls if US-China trade can find lasting peace

With three decades spent shaping US trade policy from behind the scenes, Cutler touches on hot-button issues, from Trump’s executive orders to the likelihood of a lasting agreement with China.

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Illustration: Lau Ka-kuen
Mainland China

Editorial | Nansha gives bay area tech innovation boost

Guangzhou district will become a pilot zone for high finance and fintech, linking the development zone with global financial markets.

Nansha Free Trade Zone in Guangzhou, China. Photo: Shutterstock
China trade

Top exporter Shenzhen underperforms again, takes US tariff blow on chin in April

Export decline last month was led by an 8.3 per cent drop in the city’s general trade, and analyst deems Shenzhen’s export performance ‘volatile’ over last four months.

Banking & finance

‘A bit lost’: China’s savers search for options after deposit rate cuts

With deposit yields dropping below 1 per cent at major banks for the first time, Chinese households are on the hunt for alternatives.

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