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China's economic recovery

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China's economic recovery
This topic charts China's economic recovery as it, in 2023, enters an era of slower growth, along with an ageing and shrinking workforce, weak consumer demand and a property market downturn.
last updated:
15 October, 2024
Increases in passenger volume have helped to bring China’s civil aviation sector back into profitability. Photo: Xinhua
Aviation

China’s aviation sector in clear skies of profit after 4 turbulent years

Civil aviation in China returned to profitability in 2024, the industry’s first positive return after four years of pandemic-induced losses.

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Bonds

China’s central bank suspends bond purchases amid record low yields

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China-EU relations

China pressures EU for talks to resolve ‘unfair’ trade barriers

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China trade

Trade barriers against China hit record high in 2024 amid overcapacity fears

More developing countries initiated investigations targeting Chinese goods last year, and analyst says these included pre-emptive measures to prevent an import surge.

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A record number of new trade disputes between China and other countries were initiated last year, including some targeting China’s heavily saturated new-energy industry. Photo: AFP
China’s economic stimulus

Chinese cadres urged to splash the cash to boost consumption

District party chief in Chongqing says family members deserve new clothes, while authorities in Beijing expand appliance trade-in scheme.

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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China economy

Macroscope | China needs urgent action to spark consumption and avoid Japan’s fate

Structural reform is never easy, but for China even a messy pivot to consumption is better than staying cautious and not pivoting at all.

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A woman shops at a supermarket in Tengzhou in east China’s Shandong province on April 11, 2024. Photo: Xinhua
China-EU relations

EU firms in China lament having to silo operations to stay competitive: survey

Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.

China economy

China remains stuck in low consumer inflation for second year

Consumer price index rose 0.2 per cent last year, matching 2023 figure as lowest increase since 2009.

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E-commerce

China’s logistics sector stands and delivers with busiest year ever in 2024

State Post Bureau reports highest delivery volume ever, estimates a banner 2025 as consumption becomes economic imperative.

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China’s logistics sector saw a record number of package deliveries in 2024. Photo: Getty Images
China jobs

China’s controversial jobless rate needs to be reformed, scholar urges

After a revamp of the youth-unemployment rate sparked concerns over data transparency, calls have come for comprehensive metrics to convey economic reality.

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People attend an October job fair in China’s Liaoning province. The nation’s youth-unemployment rate for those aged 16-24 has reflected a weakened job market in recent years. Photo: AFP
China’s Communist Party

China vows to protect business from arbitrary inspections in bid to help economy

New directive is latest move to address companies’ complaints about government interference and fines targeting private enterprises.

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China travel

Shanghai draws S Koreans in droves as China’s visa-free entry entices travellers

Even some less-visited places around Shanghai are gaining popularity, but the language barrier, pollution and internet censorship may still deter some visits.

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Yuan

China’s central bank rhetoric on yuan stability takes aim at depreciation risks

An exchange rate of 7.6 to the US dollar by the end of 2025 could be on the cards, analysts say, as Donald Trump’s impending policies may further weaken the battered yuan.

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China’s yuan remains under pressure as the safe-haven US dollar strengthens amid expectations that the US Federal Reserve will slow the pace of rate cuts this year. Image: Shutterstock
China’s Communist Party

Play up economic success, China’s ideology tsar Cai Qi tells propaganda chiefs

Instructions follow the silencing online of some economic critics questioning the national outlook.

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China’s propaganda officials have been instructed to push a positive message about the economy. Photo: AFP
China education

‘Degree worship’: China middle school sparks debate with elitist hiring policy

Suzhou Middle School provoked backlash after announcing that 10 of its 13 new hires had graduated from elite universities in Beijing.

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China economy

Opinion | Why Trump’s return opens door for China to reform capital markets

If Beijing seizes this chance, it could transform a familiar cycle of confrontation into a foundation for long-term security and leadership.

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China’s film industry

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

Beijing’s pilot zone for economic integration with Taiwan running out of steam

By 2022 there were over 3,000 people and nearly 1,300 enterprises from Taiwan in Pingtan, Fujian, but the cross-strait beacon is dimming.

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China’s economic stimulus

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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Retailing

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.

China will subsidise purchases of personal devices such as smartphones this year. Photo: Reuters
China travel

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
China economy

Editorial | China’s economy on right track but many challenges remain

In a highly unstable international environment, nation’s policymakers must ensure next five-year plan keeps country on upwards trajectory.

China manufacturing

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.

Foreigners in China

China’s bid to bring back foreign visitors is bearing fruit, but is it enough?

Visitor numbers are well down on pre-Covid levels despite a string of measures, including the offer of visa-free access.

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Illustration: Lau Ka-kuen
China technology

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.

China has issued a set of guidelines intended to grow its data industry and foster the digital transformation of its economy. Photo: Xinhua
China manufacturing

Cutthroat competition puts China ‘sectors in distress’, economic official warns

The worsening problem of ‘involution’, or neijuan, is forcing Beijing to ramp up rhetoric to overcome a major obstacle to China’s economic growth.

Banking & finance

Hefty fines reflect resolve of China’s central bank as bond yields plunge

Three institutions are slapped with multimillion-dollar penalties for bypassing regulatory requirements – the first such action taken after PBOC warnings this year.

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