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China’s economic stimulus

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China’s economic stimulus
The latest news and insights on China’s 2024 economic stimulus packages and measures, from property, stocks and government policy to far-reaching social and market implications.
Workers at the construction site for the main tower of Harbin Ice and Snow World in Harbin, China. Photo: Xinhua
China consumption

Hard work, long hours fuelled China’s rise. Now, it weighs longer breaks

China, one of the world’s hardest-working countries, is adopting incentives to increase time off – and potentially boost consumer spending.

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China GDP

China to keep high fiscal deficit ratio in 2026 to buoy spending plans: analysts

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China’s economy can probably ride out storms in 2026

China trade

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
China GDP

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.

China economy

Opinion | The rise of a Beijing-led ‘Global South Consensus’

As the Global South seeks a better development model and China looks for alternatives to mature markets, a match made out of mutual need is emerging.

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China consumption

Huge subsidy scheme in China’s most populous province falls flat with consumers

The Chinese province has launched its biggest ever consumer subsidy programme to revitalise its economy, but shoppers remain cautious.

People visit an electronic device repair centre in Shenzhen, Guangdong province. The southern Chinese region is struggling to boost local consumption as consumers remain cautious. Photo: Getty Images
China's economic recovery

Why some Chinese cities are rethinking their sweeping development strategies

Why is the famed demolition and reconstruction approach that bottled lightning in Datong city increasingly seen as outdated? And what are the alternatives?

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China economy

Explainer | China has a new 500 billion yuan ‘financial instrument’. How will it be used?

Beijing created the special financing tool to turbocharge domestic innovation and help the economy ride out the trade war.

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China jobs

China bids to break job market ‘curse of 35’ as it raises civil service age cap

The government will now accept candidates aged up to 43 for some positions, a change that comes amid rampant job market age discrimination.

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Jobseekers attend a career fair in eastern China. Chinese workers have long complained of a “curse of 35”, where people struggle to get hired after hitting their mid-30s. Photo: Getty Images
China’s private sector

China’s private firms face a difficult landscape. Can the 5-year plan help?

Entrepreneurs in traditional sectors hope China’s next plan will help relieve pressures from low demand, price wars and regulatory scrutiny.

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Illustration: Henry Wong
China consumption

Household income growth holds key to Chinese consumption hopes: ex-official

Yang Weimin says ‘gradually narrowing’ income gap will provide momentum for economic growth, reiterates need for ‘common prosperity’.

China debt

In China, Ray Dalio discusses global debt issues as Beijing seeks his counsel

With local-level debt still posing risks in China, while US borrowing accelerates, Beijing turns to the Wall Street veteran for guidance while navigating precarious financial waters.

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China consumption

From tourism to healthcare, China unveils a 19-point plan to get people spending

Support and investment incentives unveiled for sectors such as tourism, sports, healthcare and culture, while visa-free access and school holidays could be enhanced.

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Visitors experience AI-powered traditional Chinese medicine healthcare during an industry expo in Gansu province last month. China wants to attract more foreign and private investment to fields such as mid- to high-end medical care. Photo: Xinhua
China's economic recovery

China’s Xi calls for building unified market to ‘secure an edge’ in global race

President says creation of a unified national market will be vital to achieving China’s development goals.

President Xi Jinping has called for more efforts to build a unified domestic market, as the country’s leaders begin drafting their next five-year plan. Photo: Xinhua
Mainland China

China backs Three Gorges megaproject, hot on heels of giant Tibet dam

Investment in infrastructure is likely to continue but structural reforms needed to unleash consumer spending, analyst says.

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China’s fourth plenum

China economy ahead of 15th five-year plan

Advancing the transition to a consumption-driven economy is likely to be a key focus in China’s 15th five-year plan. The country will start the plan having largely met the main economic targets of the 14th programme.

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China consumption

Local Chinese government stimulus pushes big spenders to dig in while dining out

Shaoxing city authorities roll out consumption-boosting measures at a time when economic growth is critical and the central government is watching closely.

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Shaoxing city in Zhejiang province will offer subsidies of up to 5,000 yuan (US$700) to banquet holders if they host five or more tables and spend more than 10,000 yuan. Photo: Shutterstock
China manufacturing

China still waiting for factory activity lift-off as US wields new tech curbs

Headline PMI stalls in August, with overcapacity and weak domestic demand weighing on the economy.

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China's population

China’s new child subsidy is popular. But will it actually raise the birth rate?

China hopes the payments will convince couples to have more children. Parents say that is highly unlikely to happen.

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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 economy

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.

Chinese Premier Li Qiang chairs a meeting of the State, China’s cabinet, on Monday. Li called for more action to boost consumption and investment, as China strives to overcome growing economic headwinds. Photo: Xinhua
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.

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

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’s Communist Party

What does the Beidaihe guest list tell us about China’s economic priorities?

The invitees to the Communist Party’s annual summer getaway offer clues about Beijing’s priorities ahead of a crucial October meeting.

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Cai Qi, a member of the Communist Party’s Politburo Standing Committee, hosts a group of scientists and entrepreneurs in Beidaihe, a seaside resort in China’s northern Hebei province, on August 3. Photo: Xinhua
China's economic recovery

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.

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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