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National Development and Reform Commission
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An employee works at a chip factory in China’s eastern Shandong province. China is channelling more funding to support domestic innovation amid the trade war. Photo: AFP
China’s economic stimulus

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 manufacturing

China’s regulators step up efforts to cool down industry price wars

China’s economic stimulus

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

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Artificial intelligence

Chinese start-up joins NetDragon-owned Cherrypicks to push AI tech overseas

This venture shows China’s AI ‘go-global’ strategy converging with Hong Kong’s innovation focus, NetDragon vice-chairman Simon Leung says.

The collaboration between Zhongke WengAI and Cherrypicks is expected to further cement Hong Kong’s innovation hub status. Photo: Shutterstock
China’s private sector

From AI to chips: China courts private tech firms to help drive next 5-year plan

Businesses in emerging sectors tapped to help shape innovation-led 2026-2030 strategy, analysts say.

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China’s private sector

Explainer | How does Beijing’s new market access negative list help private firms?

NDRC reduces number of areas in which restrictions apply from 117 to 106.

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China economy

Opinion | China will rein in vicious competition at the root of its overcapacity

New reforms for a unified national market, including addressing unfair competition, will rein in unchecked competition and the damage it is causing.

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Workers check solar panels at a solar power station on a factory roof in Changxing, eastern China’s Zhejiang province in 2012. Like many other sectors in China, the solar industry has become a global powerhouse but faces headwinds from punitive tariffs abroad to a brutal price war at home. Photo: AP
Apple

Apple’s pricey iPhones ineligible under China’s new subsidy scheme

China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.

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China's economic recovery

Olive branch from Beijing to private firms: more access to national projects

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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China's economic recovery

China’s space for fiscal stimulus could be limited amid debt woes: analysts

For maximum effect, observers say, a fiscal expansion to boost China’s economy will need to come soon if it is to come at all.

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A fiscal expansion to boost China’s economy is viewed by many analysts as necessary, but room to execute such a change is limited. Photo: Bloomberg
China's economic recovery

China sets upbeat tone after meetings despite lack of supercharged stimulus

Growth and positive momentum top China’s economic agenda after closely watched conference, premier’s meeting with entrepreneurs.

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After a press conference from China’s top economic planner that did not include major stimulus action, markets dialed back their enthusiasm. Photo: Eugene Lee
Social media

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

Banking & finance

China’s NDRC urges firms to use Hong Kong for financing needs

Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.

E-commerce

JD.com pledges US$900 million for appliances, consumer goods trade-in programme

About 20 million consumers on the mainland are expected to take part in the nationwide trade-in programme via JD.com’s platform.

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Government authorities in March announced a plan to boost domestic consumption by encouraging consumers to trade in and upgrade their home appliances and vehicles. Photo: Shutterstock
China economy

Opinion | China must rely on rule of law to spur growth in nation’s private sector economy

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

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Beijing’s push to protect the legitimate interests of entrepreneurs and private business should be hailed as a positive change, compared with the situation a few years ago. Image: Shutterstock
Communist Party politics

Why China’s new data agency shows ambitions to develop digital economy and AI

The National Data Administration debuts as Beijing seeks to outpace the US and other Western rivals in setting norms and standards for data governance and artificial intelligence.

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China technology

China’s Big Tech firms in expansion mode after Beijing’s positive policy shift

The reinvigorated state of the tech sector is reflected in the recruitment efforts of several large firms, including Alibaba, ByteDance and Meituan.

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Science

‘Forging ahead’: China boosts its Project GW satellite rival to Starlink

China’s satellites likely to be placed in orbits lower than US counterparts ‘to minimise collision risks and maintain safe distances’, expert writes in CPPCC Daily

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China’s Project GW satellite programme - which aims to put 13,000 satellites in orbit - was launched by the National Development and Reform Commission, says aerothermal expert Qu Wei. Image: Shutterstock/Nasa
China technology

China’s Politburo signals fresh support for country’s Big Tech companies

The Hang Seng Tech Index, representing the 30 largest technology firms listed in Hong Kong, surged 6 per cent on Tuesday in response to the pro-growth message of China’s highest policymaking body.

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Two Sessions 2023

China’s National Data Bureau to help streamline regulation of digital economy

Having one regulator oversee key aspects of data governance in China is expected to benefit both local and international businesses.

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E-commerce

Chinese online shopping surges on back of Lunar New Year holiday demand

Sales of nianhuo, Lunar New Year specialities, rose 30 per cent year on year on Alibaba shopping platforms Tmall and Taobao during the period from January 1 to 16.

Alibaba Group Holding expects Lunar New Year online retail sales to rise further over the next few days. Photo: Shutterstock
Commodities

China to crack down on iron ore price gouging as market rallies

China’s top economic planner will tighten supervision of iron ore pricing after the steelmaking ingredient’s surge in recent months.

The price of iron ore has surged in recent months. Photo: AFP
China technology

China’s data market development to help achieve ‘common prosperity’

China’s data trading initiative is expected to bring new opportunities that will allow people to share the benefits of the country’s digital economy.

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Shenzhen

Shenzhen creates new international trading exchange for chips, electronics

Shenzhen’s Electronic Components and Integrated Circuits International Trading Centre, based in the city’s Qianhai economic zone, has an initial capitalisation of US$304 million.

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Cybersecurity

China imposes national security review on data deals involving foreign capital

The review requirement reflects Beijing’s efforts to tighten cross-border data flows and safeguard what it considers as sensitive information.

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The national security review requirement reflects Beijing’s efforts to tighten cross-border data flows and safeguard what it considers as sensitive information. Illustration: Shutterstock
China GDP

China touts ‘significant’ GDP rebound, despite gloomy forecasts

China’s economic performance has been ‘outstanding’ from a global point of view and growth ‘rebounded significantly’ in the third quarter, says the nation’s top economic planning agency.

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Most analysts expect China to fall short of its 2022 growth target of “around 5.5 per cent” this year. Photo: Xinhua
Autonomous vehicles

China gives green light for autonomous public transport services

Autonomous buses will be allowed to operate in closed routes, while self-driving taxis would run on roads with controlled traffic conditions, according to the transport ministry’s draft guidelines.

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Energy diplomacy

China in ‘critical stage’ for energy security as Ukraine war ramps up risks

China’s 14th five-year plan for energy stresses independence and import diversification, but cooperation with Russia is tipped to grow following international isolation over its invasion of Ukraine.

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