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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
last updated:
15 October, 2024
Trump’s tariffs on Chinese goods are dealing a blow to the business of cross-border e-commerce merchants. Photo: AP
E-commerce

China’s online sellers face turmoil after Trump’s tariff reversal

Trump’s return to the White House has added to the challenges faced by cross-border merchants in China.

China's economic recovery

How a Valentine’s Day fad sparked a ‘gold rush’ in China

US-China trade war

China poised to strike back if Trump follows through on sweeping tariff plan

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China-Japan relations

Japan’s China investment drops 60% in 10 years as firms rethink strategies

Geopolitical considerations and intense competition from domestic firms have led Japanese companies to move their China investments elsewhere.

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Japanese firms have been on edge when it comes to their China investments in recent years. Photo: Reuters
China deflation

‘Farmers can’t bear it!’: China’s poultry industry scrambled by falling prices

While the US faces egg shortages, China’s poultry farmers are dealing with the opposite problem: plunging prices due to chronic overproduction.

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US-China trade war

Macroscope | How Trump’s new trade war could hurt US and fix what ails China

Trump’s tariffs will endanger US growth while providing Chinese authorities a chance to make a badly needed pivot towards consumption.

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DeepSeek

Ready, set, DeepSeek: how China’s economic growth suddenly became tied to AI

Tech innovation has rapidly become key to boosting labour productivity that will be necessary to sustain China’s economic momentum.

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All eyes are on whether Chinese start-up DeepSeek’s AI model will become a turning point for the sector and the economy at large. Photo: Reuters
China-UK relations

Will warmer ties and DeepSeek success boost China-UK economic links?

First UK-China Strategic Dialogue meeting in nearly seven years could help to create climate for further investment.

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China energy security

China hedges its energy bets as Russia pipeline plan remains on hold

The controversial Power of Siberia 2 pipeline seems less likely to commence after China spent 2024 diversifying its energy imports.

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US-China trade war

China’s ‘iPhone City’ eerily quiet as Foxconn moves production amid trade war

The giant iPhone assembly plant in Zhengzhou has cut back on hiring as Apple loses market share in China and Foxconn shifts production overseas.

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Foxconn’s giant iPhone assembly facility in Zhengzhou, Henan province, is cutting back on hiring amid the US-China trade war. Photo: Weibo
China's population

As rising costs hit health insurance funds, how can China stem the bloodletting?

What happens when China’s ageing population meets a rising reluctance among healthy people to pay for voluntary insurance?

In China’s most affluent cities, basic medical insurance funds have come under rising pressure as the population lives longer and costs increase for the treatment of chronic diseases. Photo: Getty Images
China trade

Trump has fired his first tariff salvo at China. Are Japan and South Korea next?

The two Asian countries’ sizeable trade surpluses may make them targets for the US president’s next round of import duties.

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China's economic recovery

Will China’s rust-belt regions be left behind as coastal economies surge?

Local-level debt, an imbalanced industrial structure and population outflows continue to take a hefty toll on efforts to revitalise China’s poorer regions.

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US-China relations

Explainer | Donald Trump says China runs the Panama Canal. Is he right?

The Latin American country and its vital waterway have been thrust into the spotlight as part of a broader rivalry between the US and China.

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The Panama Canal has become one sticking point of many in a fraught relationship between the US and China. Photo: AFP
US-China trade war

US tariffs? China’s steel industry has far bigger problems than that

Chinese steelmakers are more concerned about sluggish domestic demand and persistent industry overcapacity.

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A worker casts steel at a factory in Hangzhou. China’s steel industry is struggling due to weak domestic demand and industry overcapacity. Photo: AFP
China’s economic stimulus

Foreign investment in China is falling. Can a new action plan turn it around?

China has approved a new plan to attract overseas investors, after recording its steepest drop in foreign direct investment since the 2008 financial crash last year.

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China property

China Vanke secures US$383 million lifeline from top shareholder

The developer is transferring an 18 per cent stake in its property management unit Onewo as collateral.

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China's economic recovery

China’s lottery sales see biggest year ever as games become ‘more fun’

Younger generation seen as especially keen on ‘experience economy’, with the thrill of the game overshadowing the slim odds of winning big.

Young people play the lottery in Beijing last June. China’s annual lottery sales reached an all-time high in 2024. Photo: Simon Song
Electric & new energy vehicles

Product of China’s potential car mega-merger would eclipse BYD in sales

Company combining Dongfeng and Changan could allocate resources to the most competitive products and technologies, analyst says.

China's population

China’s birth crisis deepens as marriage registrations plunge to 40-year low

Only 6.1 million Chinese couples tied the knot in 2024, the lowest total since 1980, according to official data.

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Science

China has met most of its 5-year goals. It hasn’t done so well on emissions

Country will struggle to meet targets for energy consumption and carbon emissions reduction, according to Tsinghua University analysis.

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The Tsinghua University researchers said China had become a world leader in green energy development. Photo: Xinhua
US-China relations

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

The researcher surveys the dividends of ‘Made in China 2025’ and shares why he thinks Trump’s contradictions could benefit bilateral relations.

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Illustration: Lau Ka-kuen
China's economic recovery

China’s super-rich have a new must-have possession: their own university

For China’s billionaires, founding new universities offers a chance to make money – and demonstrate they are ‘politically correct’.

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China deflation

China faces an uphill battle to boost demand despite seasonal price rise

China’s consumer prices received a boost amid household spending rise in festival season, but ex-factory price fall extended.

US-China tech war

How a Chinese maker of car lights plans to survive Trump 2.0

APT chairman Xiao Guowei said the company has become more ‘prudent and cautious’ in its overseas approach as it waits to see tariffs impact.

David Xiao Guowei, chairman of APT Electronics and AscenPower Semiconductors, speaks on a panel during the SCMP China Conference: Greater Bay Area in Guangzhou on January 15. Photo: Nora Tam
China deflation

China’s exporters face a darker outlook in 2025 – even ‘magic crystal’ vendors

‘Healing’ crystals are generating huge buzz on TikTok, but the Chinese companies that sell them say overseas customers increasingly cannot afford to buy.

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Chinese vendors of “healing” crystals are struggling to deal with a slowdown in global demand. Photo: Shutterstock
US-China relations

After Trump’s ‘opening salvo’, will he put the brakes on bigger China tariffs?

If US leader fails to make deals he seeks, he is likely to push ahead with duties – and Beijing will ‘strike back’, according to observers.

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US-China trade war

US risks ‘losing next industrial revolution’ as China races forward, panel told

A hearing by the US-China Economic and Security Review Commission features warnings and advice for Washington as competition with China heats up.

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