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China's economic recovery

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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.
Open Questions series

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

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Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

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Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

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Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

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Illustration: Henry Wong

Scholar Jing Qian on right-sizing China’s economy in the age of Trump

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Illustration: Lau Ka-kuen

US-China rivalry doesn’t have to be a zero-sum game: Jessica Chen Weiss

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Illustration: Victor Sanjinez

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

7
Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

videocam
5
Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

videocam
18
Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

videocam
93
Illustration: Henry Wong

Scholar Jing Qian on right-sizing China’s economy in the age of Trump

videocam
40
Illustration: Lau Ka-kuen

US-China rivalry doesn’t have to be a zero-sum game: Jessica Chen Weiss

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29
Illustration: Victor Sanjinez
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President Xi Jinping delivers a speech at last year’s central economic work conference. Photo: Xinhua
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Consumer price index rises by 0.7 per cent for the month, while factory-gate prices continue long decline.

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Explaining the key points from China’s Politburo December meeting

SCMP Plus annotates an official report of the monthly meeting of China’s Politburo, which focused on the economic work needed in 2026, including stepped up efforts to boost domestic demand and cope with trade ‘turbulence’.

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China warns internet platforms not to shift tax burden onto gig workers

Celebrities and high-profile influencers also under scrutiny, with regulators pursuing hundreds of such cases in recent years.

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Chinese minister calls for more opening-up as key planning meeting looms

Commerce Minister Wang Wentao’s remarks echo similar calls by other senior officials ahead of annual central economic work conference.

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Commerce Minister Wang Wentao has called for China to push ahead with opening-up policies over the next five years. Photo: Xinhua
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China’s Politburo pledges action to tackle trade ‘struggles’ in 2026

Analysts said the decision-making body’s phrasing on the international trade environment suggests a cautious stance next year despite US truce.

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Open Questions | Economist Huang Yiping on why China’s AI push must be ‘job-oriented’

Dean of Peking University’s National School of Development says ‘balance’ needed in AI development to protect employment, ‘human well-being’.

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China’s economic focus in 2026: what to expect as leaders prep for major meeting

Growth of ‘around 5 per cent’ may be revised to between 4.5 and 5 per cent, analysts say, as leadership gears up for tone-setting conference.

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‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Governor Pan Gongsheng says policy must prioritise the domestic economy, warning against ‘excessive policy swings’ that could undermine long-term stability.

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Opinion | China’s shrinking credit reflects a financial reset, not a collapse

Beijing is moving away from the old growth model reliant on rising leverage, towards a framework that prizes risk management and data integrity.

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China’s finance chief calls for fiscal firepower as Beijing weighs 2026 goals

This month’s central economic work conference will set the tone, while top finance official signals more assertive fiscal support.

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Pursuit of hoppiness: how China’s cash-conscious drinkers embraced craft beers

As discerning alcohol consumers seek ‘wallet-friendly’ products, premium beers are winning out over higher-end options.

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China turns to school ‘snow breaks’ to warm up winter tourism industry

Ahead of next year’s record-long Spring Festival, local governments roll out short holidays to lure families to winter getaways.

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Opinion | How China could solve its consumption conundrum

Beijing’s priority should be bold short-term countercyclical action: issuing US$400 vouchers and stabilising the property sector.

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Beijing aims to harness state, private sectors to build ‘world-class firms’

Private firms need a stable, level playing field, with state-owned enterprises acting as anchors for strategic industries, state-asset watchdog says.

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Explainer | What’s next for China’s economy in 2026 – and how it plans to tackle challenges

Top investment banks forecast moderate growth next year amid trade, property and structural challenges.

Pedestrians wait for a street signal on a sidewalk as an electronic billboard shows China’s 2024 gross domestic product growth in Shanghai, taken on January 21 this year. Photo: Reuters
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China’s factory activity contracts in November for 8th month in a row

Manufacturing PMI comes in at 49.2 but survey official says business sentiment has improved.

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Infrastructure

Building the future: China eyes smarter, more efficient transport infrastructure

The world’s biggest builder vows new chapter marked by landmark projects, tighter integration and data sharing.

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Price wars and tariffs: China’s industrial profits snap winning streak

Beijing to crack down on ‘disorderly’ market practices amid rising financial costs, while analysts point to excess capacity eating into corporate margins.

In October, China’s industrial profits fell 5.5 per cent from a year prior. Photo: AFP
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China sets strongest yuan fix in over a year as Fed-cut bets rise

China’s currency is outperforming the euro and yen despite economic headwinds, with analysts pointing to Beijing’s geopolitical leverage as the driver.

China’s central bank has set the yuan’s daily reference rate against the US dollar at the strongest level in more than a year. Photo: Reuters
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Why China’s film industry is banking on Zootopia 2 being a smash hit

After a tough few months, Chinese cinemas are hoping that a string of imported animated releases can offer some relief.

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Youth unfulfilled: job opportunities in China’s senior-care sector go untapped

Amid booming opportunities in the care economy as China’s population gets older, new graduates express concerns over low wages and unfamiliarity with the field.

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Open Questions | ‘A mistaken view’: US economist Nicholas Lardy on the ‘peak China’ hypothesis

The veteran China watcher talks Beijing’s need for financial reform and how US-China economic convergence could still be on the horizon.

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Snowcapped prosperity: China’s winter sports market glides upwards

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Chinese vice-premier urges manufacturing upgrades, trade diversification

He Lifeng highlights importance of technological innovation and a unified domestic market to support sustainable economic growth amid external uncertainties.

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