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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
A 56.23-carat pink diamond. Photo: Handout
China deflation

Diamonds are plunging in value around the world. Is China to blame?

China’s demand for natural diamonds has ‘fallen off a cliff’ amid plunging marriage rates, while its factories are churning out synthetic alternatives that are up to 90 per cent cheaper.

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China's economic recovery

Editorial | Patience needed when it comes to managing the economic recovery

China makes new overtures to foreign firms, pledging market access and services

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China's economic recovery

China sees surge in travel demand for extended Lunar New Year holiday

Flights and group tours are already booking up weeks ahead of the eight-day public holiday, which begins on January 28.

Crowds of people walk past the Peace Hotel on Shanghai’s Bund during the Lunar New Year holiday in February 2024. Photo: AFP
Artificial intelligence

China faces AI talent shortage in otherwise booming industry, report finds

A quarter of ‘new economy’ job openings this year on the Maimai platform have been directly related to AI, as Big Tech firms fight for top talent.

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China's economic recovery

How has Hengqin helped Macau diversify its casino-dominated economy?

Greater Bay Area plan has added impetus to development of neighbouring island in Zhuhai.

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United States

Outside In | Does Trump’s tariff-happy team realise China is playing weiqi, not chess?

Much depends on how successfully Trump seduces leaders away from multilateral rule-making and how firmly China resists the siren call of bilateralism.

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US president-elect Donald Trump speaking at Mar-a-Lago in Palm Beach, Florida, US, on December 16. Photo: Reuters
E-commerce

China’s tax authority to demand online influencer, merchant revenue numbers

A newly proposed regulation would require internet platform operators to report revenue information about users.

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China trade

‘Resilient’ trade gains see Shenzhen poised to overtake Shanghai despite US tech siege

Total trade value in city dubbed China’s Silicon Valley surged past 4 trillion yuan from January to November, with a record year-on-year increase.

China's economic recovery

How China manages big data is changing, as new state-owned firm takes the helm

Restrictive ‘data silos’ have impeded logistics and hindered commercialisation of data, but a new centrally managed company aims to tear down barriers.

China is looking to build a huge platform for data sharing among highways, railways, waterways, aviation and ports. Photo: Xinhua
Electric & new energy vehicles

China’s car parts, software industry to hit US$356 billion by 2030

Market for car parts and software is likely to grow at an annualised pace of 28.8 per cent between 2026 and 2030.

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Robots weld bodyshells of cars at Li Auto’s plant in Changzhou, in eastern Jiangsu province. Photo: Xinhua
China birth rate

Opinion | Why China will struggle to boost consumption

A system which emphasises stability and control will face challenges in uncovering the DNA of the Chinese consumer.

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Stocks

Chinese toymaker Pop Mart’s 370% surge fuelled by blind box collectibles

Pop Mart’s blind box toys have become a global sensation, turning the toymaker into the hottest Chinese growth company.

Stocks

Laopu Gold outshines Chow Tai Fook as China’s top jeweller with 437% stock surge

The Beijing-based ‘old shop’ jeweller’s unique luxury strategy draws comparisons with Cartier and Tiffany.

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Beijing-based Laopu Gold’s shares have surged in Hong Kong this year. Photo: SCMP Pictures
China's economic recovery

Why are foreign tourist arrivals in China suddenly surging this month?

Travel platforms such as Fliggy and Trip.com see huge influx in interest as Beijing makes it easier to transit.

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A tourist from South Korea visits the Yuyuan Garden Mall in Shanghai on November 30. Photo: Xinhua
China's economic recovery

China’s youth-unemployment pressure is easing – for now, at least

The youth-unemployment rate fell to 16.1 per cent in November, its third consecutive monthly decline, according to Chinese government data.

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Macau

Macau 25 years on: embracing growth beyond gaming

Reclaiming aggressively, breaking gambling monopoly, diversifying the economy: where is Macau heading next?   

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China stock market

Macroscope | Never mind stimulus, rebalancing is China’s real economic challenge

The problem is not China’s leaders lacking the will to enact large-scale stimulus but whether it will work given the present challenges.

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An employee checks the shelves at a supermarket in Gaomi, in eastern Shandong province, on December 16. Photo: Xinhua
China food security

Fertiliser on its way out, advanced tech is in, as China sees record farm yields

Modernisation efforts come as food-security stability grows more critical in China’s agrarian undertakings.

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Yuan

US Fed’s hawkish rate-cut forecast slams China’s yuan

China’s currency, hammered since Trump’s re-election, has depreciated further against the US dollar, despite the yuan’s share among global payments rising.

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Macau

Macau youth ‘happy to stay’, but will economic revamp create the right jobs?

Lack of career prospects frustrates many, while observers say push to diversify economy needs focus on training to nurture talent.

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The Grand Lisboa casino in Macau. The government is looking to reduce its dependence on the gaming sector. Photo: Reuters
US-China relations

Superpower showdown: how US-China economic warfare could play out under Trump

As US president-elect Donald Trump forms his hawk-filled cabinet, what might China do to counter and deflect a barrage of blows?

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Illustration: Lau Ka-kuen
China’s Communist Party

Chinese Premier pledges to crack down on unfair targeting of private firms

Companies have complained of being unjustly targeted by law enforcement to raise funds for cash-strapped local governments.

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Electric & new energy vehicles

CATL to build 1,000 EV battery swap stations in China to ease range anxiety

Ten new EV models using the battery swap technology will be developed by CATL and its partners such as Changan Auto and FAW Group, chairman says.

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China's economic recovery

CEO sentiment in China sours amid slowdown risks, survey finds

Local competition and geopolitical tensions add to short-term pressures, but views of CEOs were more positive when pointing to China’s long-term outlook.

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Cars wait to be loaded onto ships for export at a port in China’s Jiangsu province on Thursday. EV tariff talks between China and the EU are “not close” to yielding a deal. Photo: AFP
Artificial intelligence

China’s GenAI sector sees more funding, fewer deals in sign of consolidation

Total funding amounted to 35 billion yuan this year, compared with 20.5 billion yuan last year, meaning investors are being more selective.

The Chinese AI market has seen 457 deals so far this year, a drop of around 23 per cent from last year’s 595. Photo: Shutterstock Images
Banking & finance

China needs to harness the power of AI to transform its finance sector, former central banker says

The call comes amid a Chinese government drive to revitalise the economy by cultivating “new quality productive forces”.

Banking & finance

China’s record-low government bond yields spark fresh warning from central bank

Institutions are being warned as bearish investor sentiment, and an expectation of lower interest rates, continue to make the bond market a sought-after haven.

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