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China’s cinemas saw diminished attendance numbers in 2024 in an increasingly saturated entertainment market. Photo: Shutterstock

China Economy

Quiet on set: China’s film industry fights for relevance as admissions flag

With lower ticket sales and fierce competition from online entertainment, China’s film industry faces demotion in cultural status.

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Taking stock: global investment banks hedge their bets on China market next year

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China hits record panda bond issuance in 2024, with analysts bullish for 2025

China Economy

China’s Comac to double down on safety as global aviation industry reels from deadly crashes

The company said that 2025 would be a challenging year, as the global aviation industry faced a ‘severe, complex safety situation’.

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The C919, China’s first domestically developed narrowbody passenger jet, takes off in Hong Kong. Photo: SCMP
The C919, China’s first domestically developed narrowbody passenger jet, takes off in Hong Kong. Photo: SCMP

China Economy

China’s premier tells local authorities to give economy an early boost

Li Qiang calls for expansion of consumption-boosting trade-in programmes during visit to Shandong province.

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China Economy

Calling all smartphone seekers: China to subsidise personal electronics

In a bid to galvanise business and shore up weak consumption, last year’s trade-in programme is being expanded, making it a good time to save on electronics.

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China Economy

Inbound travel to China set to surge in Lunar New Year amid visa-free expansion

International travel bookings to China have already doubled the previous year’s figure, spurred by additions to the visa exemption list.

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With the steady expansion of China’s visa-free entry policy, an influx of foreign tourists is expected during the coming Lunar New Year holiday. Photo: Xinhua
With the steady expansion of China’s visa-free entry policy, an influx of foreign tourists is expected during the coming Lunar New Year holiday. Photo: Xinhua

China Economy

China’s high-speed rail network on track to breach 50,000km milestone in 2025

China’s high-speed rail operator reports passenger increases and lower debt ratios in 2024, projects mileage benchmark will be surpassed.

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China Economy

China’s nuclear power drive gains steam as major new reactor comes online

The project in Fujian province is the first example of China’s third-generation Hualong One reactor being put into large-scale commercial operation.

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China Economy

China’s battered offshore yuan hits 2-year low against US dollar

And China’s ‘moderately loose’ monetary policy could further widen interest-rate differentials, straining the yuan more, analyst predicts.

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On the last trading day in 2024, the yuan touched 7.3698 per US dollar and reached its weakest level since October 2022. Photo: AP

Economic Indicators

China’s factory-activity growth slows as recovery remains bumpy: Caixin PMI

Rate of output expansion eases to three-month low in December as growth in new orders slows.

Staff work on a production line at a texile factory in China’s Jiangsu province. The nation’s factory activity grew in December, but at a slower-than-expected pace. Photo: AFP
Staff work on a production line at a texile factory in China’s Jiangsu province. The nation’s factory activity grew in December, but at a slower-than-expected pace. Photo: AFP

China Economy

Nowhere to go but up: China’s farming drones take root as industry grows

Though some overseas governments are sceptical, China’s agricultural drones are blanketing countrysides as farmers begin to automate.

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China Economy

China vows better EV charging as Lunar New Year trips poised to hit record high

Beijing plans to improve electric vehicle facilities to ease travel rush as it prepares for around 9 billion holiday trips.

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China Economy

China’s drones reignite firework industry after years-long decline

As bans on traditional fireworks become more common in China, the industry is capitalising on the growing popularity of drone shows and shifting to ‘cold fireworks’.

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Thousands of spectators gathered to watch drones and fireworks light up the sky over the Liuyang Sky Theatre in Liuyang, Hunan province, on Saturday. Photo: Getty Images

Global Economy

Taiwan launches ‘digital nomad’ visas in bid to confront talent shortage

So-called foreign digital professionals will be allowed to stay for half a year as Taiwan boasts ‘best digital-nomad environment in Asia’.

From January 1, Taiwan will be issuing six-month visas to “digital nomads” to lure more foreigners to the island. Photo: EPA-EFE
From January 1, Taiwan will be issuing six-month visas to “digital nomads” to lure more foreigners to the island. Photo: EPA-EFE

China Economy

China recalls cars from Tesla, Trumpchi as safety issues emerge

Elon Musk’s company was the hardest hit in a high-profile round of recalls for auto manufacturers producing or importing to China.

China Economy

China plans for 15% annual data industry growth as digitisation deepens

A recent set of government guidelines is positioning China’s data industry as a major growth driver in the coming years.

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Policy

Explainer | What is China’s central economic work conference, and why does it matter?

China’s annual tone-setting central economic work conference is expected to convene this week at a key time for the world’s second-largest economy.

Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP
Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP

Economic Indicators

Explainer | China’s export boom not bust despite November deceleration: 5 takeaways

China’s exports grew by 6.7 per cent year on year in November, but the reading marked a slowdown from October rebound.

Global Economy

‘Get down to business’: China, Vietnam set aside maritime disputes for trade

Brisker trade and new investments in factories and infrastructure among the fruits of pragmatic approach to relationship.

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Economy

‘Persistent’ deflationary pressure remains for China: 4 inflation data takeaways

Consumer prices in China grew by 0.2 per cent in November, while the cost of goods at the factory gate fell for the 26th month in a row.

People buy vegetables at a market in Shenyang. Photo: AFP
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OPINION
Peter T. C. Chang

Opinion | How Global South can resist US hegemony and its isolationism

Peter T. C. Chang
Andrew Sheng

Opinion | Up in the air whether US economic arrows will hit the mark

Andrew Sheng
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Nicholas Spiro

Macroscope | Trump 2.0 will hit Asian economies harder

Nicholas Spiro
Richard Harris

The View | Languishing wars, a stagnant China? Investors shouldn’t be so sure

Richard Harris
Azhar Azam

Opinion | After Britain, will China be next to join CPTPP free trade pact?

Azhar Azam
Richard Heydarian

Opinion | Trump’s threats won’t hold back Brics push to de-dollarise

Richard Heydarian
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MULTIMEDIA
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Trump’s ‘day 1’ tariffs target China, Canada, Mexico

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The rise of China's ‘flying’ low-altitude economy

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Xi tells Biden he’s ‘ready to work’ with Trump

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Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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TRENDING TOPICS
China trade
China manufacturing
China's economic recovery
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