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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 delivers a speech during opening ceremony of the World Economic Forum Annual Meeting of the New Champions (AMNC25) in Tianjin on June 25, 2025. Photo: AFP / Jade Gao
World Economic Forum

Not just manufacturing: Li Qiang vows China will be major consumption power

In a turbulent world, Beijing will double down on household spending to fuel growth and overcome risks, China’s premier says.

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World Economic Forum

Li Qiang says China will be consumption power at ‘Summer Davos’: as it happened

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US-China relations

‘Summer Davos’ panel mulls US economy secret sauce: did China crack the recipe?

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Yuan

China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged

The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.

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With US dollar-pegged stablecoins increasingly popular, analysts say in Chinese state media that the development of yuan-backed stablecoins should come sooner rather than later. Photo: Shutterstock
China property

China rolls out ‘property supermarkets’ to help ailing housing market

Proponents say these property hubs make transactions more centralised and trustworthy as they are vetted by local governments.

China consumption

China urges officials to rein in overzealous dining austerity measures

With some Chinese localities biting off more than they can chew on meal restrictions, major Communist Party publications are encouraging restraint.

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China debt

Word is bonds: China’s provinces use special-purpose funds to pay debts

Hunan and Yunnan are using special-purpose bond funds to balance their books, the first provinces to do so as Beijing stresses financial risk control.

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China’s Hunan and Yunnan provinces are using special-purpose bond funding, typically earmarked for infrastructure, to pay businesses owed by local governments. Photo: Xinhua
Stablecoins

Why US-backed stablecoins have China wary of a potentially more dominant dollar

Former head of China’s central bank warns ‘USD-backed stablecoins could have worldwide influence’, and what about the yuan’s internationalisation?

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China jobs

China’s youth unemployment crisis to worsen as historic graduation season looms

China’s youth unemployment rate fell to 14.9 per cent in May, but remained higher than at the same point last year.

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China pork crisis

China to reduce pig count by 1 million amid low prices, deflation risk: report

Measures reportedly in the works by agriculture authorities are not just aimed at restoring balance to pork sector, but also at shoring up economy amid deflation risks.

A pig farm is seen in China’s Jiangxi province. A million pigs will reportedly be culled across the country. Photo: Xinhua
Banking & finance

China records bumper capital inflow as Gulf investors hedge against US

China saw a US$33 billion capital inflow in May, as investors seek a safe haven and reduce their US exposure amid rising global instability.

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China has recorded a strong inflow of foreign capital into its bond and equities markets in recent months, as investors look to hedge against the United States. Photo: EPA-EFE
China’s Communist Party

Vibrant Chinese dining suffers from heavy-handed austerity control: state media

Months after official push to tighten belts, People’s Daily says overzealous enforcement will damage local economies and everyday life.

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China’s economic stimulus

China plots course to boost yuan versus dominant dollar

Eight financial reforms announced by the central bank chief are the latest efforts to boost the currency’s role abroad, stabilise markets and shore up the economy.

Banking & finance

China’s consumer-goods spending improves as deflation eases, Bain says

The outlook for 2025 is still unclear because of an ongoing consumption downgrade and changes in spending patterns.

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A customer shops for eggs at a supermarket in Handan City, Hebei province on June 9, 2025. Photo: Xinhua
Banking & finance

China will boost the yuan’s global reach with new operations centre, PBOC says

The announcement at the Lujiazui Forum comes as China accelerates efforts to expand the global use of its currency amid growing US tensions.

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People’s Bank of China Governor Pan Gongsheng speaks at the opening ceremony of the Lujiazui Forum in Shanghai. Photo: Reuters
China’s private sector

China’s private firms back in driver’s seat as regulations ease: Goldman Sachs

Analysts at the investment bank say after a regulatory inflection point, China’s private economy is stepping up its activity.

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China property

No respite in China’s property crisis as new home prices drop for 24th month

Prices in the secondary market fell at a faster pace as analysts say impacts from Beijing’s policy support are waning.

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China property

China ‘stepping in’ as property concerns mount, but no ‘treading the old path’

Premier Li Qiang’s recent remarks on shoring up real estate sector suggest what some analysts say is a rising wariness to address persistent economic pitfalls.

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Residential buildings are seen under construction last month in China’s Jiangsu province. Photo: AFP
China economy

China’s economy weathers US tariff storm in May as consumption picks up

The trade war continued to weigh on China’s manufacturing and exports in May, but retail sales gained momentum.

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Commodities

Crypto can’t chip away at gold’s safe-haven shield: gold researcher

Spot gold price surged to US$3,444 after Israel’s strikes on Iran.

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China consumption

China’s top baijiu maker faces sobering reality as austerity trims profits

Guidelines restricting spending by officials are trimming profits for one of China’s strongest brands – but there’s little the company can do.

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Moutai, one of China’s most popular liquor brands, is being put in a difficult position by rules limiting extravagant spending by officials. Photo: Xinhua
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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Chinese Premier Li Qiang has told officials to adapt to a ‘complex and severe’ situation, citing mounting external pressures. Photo: AP
China trade

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

Data comes after China and the United States agreed to a temporary truce in their tit-for-tat tariff escalations last month.

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China inflation

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

The country’s consumer price index dropped by 0.1 per cent last month, while prices at the factory gate were down 3.3 per cent.

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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.

Visitors at a trade show in Shenzhen on May 22. The southern Chinese exports and tech hub aims to use exhibitions as part of its plan to boost consumption. Photo: Xinhua
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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