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China economy

China-built electric vehicles, including those by BYD, are seen parked in the port of Zeebrugge in Belgium in October 2024. Photo: Reuters

BYD shrugs off Europe EV tariffs to deliver Sealion 07 SUV from 2025

Chinese EV makers are pushing sales in export markets amid stiff competition, sluggish economy at home.

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How can China unleash the spending power of its millions of migrant workers?

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Developing | Beijing names financier Qi Bin as deputy director of Hong Kong liaison office

China sets yuan fix to 14-month low as Trump win piles on the pressure

Yuan’s midpoint rate falls to 14-month low as Trump’s election throws most currencies other than the US dollar into uncharted waters.

Most currencies, particularly China’s yuan, are facing depreciation pressures as Donald Trump’s reelection has generated uncertainty over the future of global trade. Photo: Getty Images

Exclusive | China to host leaders of international bodies as global uncertainties mount

Meeting will provide briefing on country’s economic development and seek better ways to navigate increasing uncertainties.

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China weighing property tax breaks to boost sales, free up household cash

‘Pretty sizeable’ reductions would ease burdens on buyers and sellers, accelerating listings and sales, analyst says.

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HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE

Exclusive | Ex-WTO head says China-EU ‘united front’ can counter Trump trade curbs

Pascal Lamy has called for China and the EU to resolve their differences and defend global trade together in a second Trump term.

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Alibaba, JD.com claim big win in Singles’ Day sales as consumption picks up pace

The two e-commerce giants reported a large number of active buyers in this year’s edition of the world’s largest annual shopping festival.

Chinese workers to get 2 extra days’ holiday, including longer Lunar New Year

Two public holidays will be extended by a day, but the survival of the unpopular ‘holiday swap’ system tempers enthusiasm.

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Lunar New Year, the country’s biggest festival, will now be extended by an extra day. Photo: Xinhua

Hong Kong urged to deepen bay area ties, help region’s firms expand abroad

Recent bay area trade show that drew 2.26 trillion yuan in investments is a sign of revived investor confidence, observers say.

The 2024 Greater Bay Area Global Investment Promotion Conference held in Guangzhou generated 1,933 deals. Photo: Handout

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

China’s widebody C929 jet lands first buyer at top-flight Zhuhai air show

The home-grown C929, still under development, was the subject of a preliminary purchase agreement at China’s premier air show.

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China eyes lift in ‘intensity, accuracy’ of monetary policies amid credit uptick

People’s Bank of China pledges to serve the real economy, while October’s credit data shows a slight improvement.

A Chinese bank teller counting yuan notes at a bank in Shanghai. Photo: AFP

Ant-backed credit rating firm gets central bank approval after 3-year wait

The joint venture, 35 per cent owned by Ant Group, had a prolonged wait after previously licenced firms were approved within weeks of applying.

The headquarters of Ant Group in Hangzhou on November 3, 2020. Photo: Shutterstock

China’s first-time marriages rebounded last year, but spike unlikely to last

First-time marriages in China increased for the first time in nearly a decade last year, but demographers suggest the rebound is unlikely to last.

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With Trump’s victory, Malaysia sees more interest from Chinese firms to relocate

US president-elect Donald Trump has pledged to slap 60 per cent tariffs on Chinese goods during his campaign trail.

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China says stability, ‘deepened reform’ are crucial for economic growth

Party mouthpiece doubles down on positive message and confidence in achieving China’s GDP growth goal for 2024.

A fresh People’s Daily editorial stresses the importance of implementing economic policies that benefit the people, boost consumption and steady the property market. Photo: Reuters

Forget ‘patchwork policies’, China urged to focus on incremental stimulus

Economists spoke after Beijing unveiled its debt-relief plan following a week-long meeting of China’s top legislative body.

Can a flurry of winter tourism, sports help thaw China’s economy?

As northern temperatures start to plunge, China’s State Council issues guidelines for the enhanced cultivation of a ‘snow and ice economy’.

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Trump’s crypto pledge may see China restore digital-asset market: HashKey head

HashKey chairman and CEO Xiao Feng said a number of factors may compel mainland China to open its digital-asset market in about two years.

Beijing has so far given no indication of potentially relaxing its ban on cryptocurrencies, even as Donald Trump’s US election win renews enthusiasm among digital-asset proponents in China. Photo: Shutterstock

Chinese firms get unlikely boost from Trump election as merchandise orders soar

Donald Trump’s election has, contrary to expectation, stimulated one area of the Chinese economy – firms sending Trump merchandise abroad.

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After last week’s US election results, factories in China began producing and selling Trump merchandise at remarkable rates. Photo: EPA-EFE

Exclusive | China’s vice-premier to lead delegation of bankers for HKMA’s finance summit

China’s Vice-Premier He Lifeng will lead delegation to the 2024 Global Financial Leaders Investment Summit in Hong Kong, two sources said.

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Alibaba sees Singles’ Day campaign pay off with strong sales in major categories

The top-performing product categories for Alibaba’s Singles’ Day campaign were home appliances, consumer electronics, beauty and apparel.

Navigating ‘tough phase’, China says economy is on road to recovery

Positive spin by party mouthpiece, while shying away from ‘chasing rapid growth’, comes as questions linger over China’s stimulus measures.

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China says the operating rate of construction machinery – an important gauge of construction activity – rose in October by 1.6 percentage points from September. Photo: EPA-EFE

China’s 2025 GDP growth forecast cut by UBS on Trump threat, others wait and see

Swiss investment bank UBS cuts China’s gross domestic product growth projection to ‘around 4 per cent’ for next year, others remain optimistic.

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A man installs lanterns outside a newly opened restaurant in Beijing. Photo: AFP

China export ‘rush’ expected ahead of Trump’s tariffs, Beijing to show restraint

China’s export container freight index for shipments for US east and west coast routes stabilised and rebounded at the start of November.

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Explainer | ‘Deflationary pressure remains’: 4 takeaways from China’s inflation data

Consumer price growth in China slowed in October, while the cost of goods at the factory gate fell for the 25th month in a row.

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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
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