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TOPIC

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.
Open Questions series

Zheng Yongnian on what US’ ‘neocolonialism’, Venezuela operation mean for China

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Illustration: Victor Sanjinez

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

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Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

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Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

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Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

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Illustration: Henry Wong

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

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40
Illustration: Lau Ka-kuen

Zheng Yongnian on what US’ ‘neocolonialism’, Venezuela operation mean for China

videocam
15
Illustration: Victor Sanjinez

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

7
Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

videocam
5
Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

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18
Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

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93
Illustration: Henry Wong

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

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40
Illustration: Lau Ka-kuen
MORE FROM THIS SERIES
illustration by Lau Ka-kuen
China manufacturing

AI, flying cars drive economic transition in China’s Kunshan

City at heart of Yangtze River Delta region sees new tech dreams emerge as old ones based on mass production of electronics fade.

China manufacturing

China’s exports are booming – so why are plants in this factory hub closing?

Hainan

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China jobs

Survey shows China’s professionals have high expectations – for low pay

As some Chinese workers switch jobs to boost salaries, many remain pessimistic about pay increases amid economic uncertainty.

Hays found that 51 per cent of professionals in China also received no pay rise in 2025, a sign of wider pressures in the job market. Photo: Shutterstock
Shanghai

Shanghai certifies 30 overseas offices amid China’s investment sales pitch

The city welcomed a batch of new regional headquarters and R&D centres this week, as China continues its campaign to win back overseas capital.

China jobs

China’s youth unemployment falls for sixth consecutive month in February

But young job-hunters say they are still struggling to find work in a testing post-holiday labour market amid rising global economic uncertainty.

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China food security

China taps reserves as Iran war disrupts 30% of global fertiliser trade

War in the Middle East is causing global disruption – from oil to agriculture – as countries, including China, enter spring planting season.

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As China and other northern hemisphere countries enter spring planting season, the Food and Agriculture Organization of the United Nations has said war in the Middle East could have a serious impact on global food prices if it continues beyond three months. Photo: Xinhua
China GDP

China’s economy starts 2026 strongly as retail sales, investment rise

Before the Iran energy crisis and latest round of China-US trade talks, retail spending grew 2.8 per cent while fixed-asset investment increased 1.8 per cent.

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Trade talks, ‘raising lobsters’, tech earnings

This week: US-China trade negotiators ready for talks in Paris, AI agent OpenClaw sweeps China, the ‘two sessions’ ends and exports surge. Next week: Tencent and Alibaba post earnings, retail sales leads data rush, Japan’s Takaichi visits the White House and more.

China consumption

Beijing urged to boost rural pensions as lawmakers fight for farmers’ fair share

Appeals highlight a long-standing lack of benefits for elderly citizens outside cities, and proposals include leveraging state assets and new taxes to bridge the vast disparity.

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An elderly Chinese farmer works a vegetable field in Anhui province. Photo: Getty Images
China economy

Editorial | China’s ‘two sessions’ passes smoothly despite global turmoil

As long as China focuses on economic development, Hong Kong can leverage its unique strengths to seize opportunities.

Delegates chat after the second plenary meeting of the Fourth Session of the 14th National People’s Congress in Beijing on March 9. Photo: EPA
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China’s 15th five-year plan doubles down on investing in technology at the expense of household wealth.

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Hong Kong economy

Opinion | Why China’s economic reset is a credibility test for Hong Kong

As China rewrites the growth playbook, Hong Kong must show it can anchor the offshore financing and price discovery this reset requires.

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Two Sessions 2026

What 2 new laws at ‘two sessions’ mean for China’s financial superpower push

Two new laws may prove wide-ranging, spanning yuan’s global status to green finance and turning ambition into codified rules, analyst says.

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Zhao Leji, chairman of the National People’s Congress Standing Committee, speaks at the Great Hall of the People in Beijing on Monday. Photo: AP
US-China relations

China-US trade relations may reach a ‘tactical truce’, as 2 superpowers talk

Foreign companies in China quietly confident on US ties, but are bracing for ongoing geopolitical tensions.

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Companies in southern China are feeling growing confidence in the state of US-China relations. Photo: AFP
Two Sessions 2026

‘Two sessions’ 2026

China’s Premier Li Qiang lowered the annual GDP growth target to 4.5 to 5 per cent when he delivered the government work report at the “two sessions”, the country’s biggest annual political gathering.

China deflation

China’s inflation rises after holiday spending spree. Is 2% target reachable?

The consumer price index rose 0.8 per cent in the first two months of 2026, though analysts remain concerned about long-term deflation risks.

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Two Sessions 2026

China pledges full support for tech sector with broad range of new policies

China’s top economic officials outline plans to support tech firms with stock market reforms and measures to stimulate demand.

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Employees work on a production line for electric flying cars in the southern Chinese city of Guangzhou. Photo: AFP
Yuan

Beijing vows yuan stability, fires back at currency-depreciation claims

PBOC governor reaffirms yuan stability, refuting trade partners’ accusations ahead of critical US talks in Paris.

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Two Sessions 2026

8 takeaways from the economic briefing at China’s ‘two sessions’

China’s top economic officials laid out their priorities for trade, technology and investment in 2026.

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Two Sessions 2026

China vows support for tech, trade rebalance, stock reforms - as it happened

The heads of China’s major economic institutions detailed plans for growth, trade and tech on the sidelines of the ‘two sessions’.

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Chinese Minister of Commerce Wang Wentao, left, speaks during a press conference on the economy in Beijing. Photo: EPA
Two Sessions 2026

China pivots to ‘investing in people’ strategy as growth engine switches gears

Premier announces changes in spending priorities, aiming to boost consumption, but doubts remain whether resources will match ambitions.

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A worker uses machinery at a steel structure firm in China’s Sichuan province. China will raise the average duration of education for the working-age population to 11.7 years by 2030. Photo: Xinhua
Two Sessions 2026

Why China is moving away from tax cuts and pushing for reform

Tax revenue is way below peer countries – and Beijing is pushing for change.

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China manufacturing

China bets on AI-manufacturing integration to narrow digital gap with US

Beijing’s new five-year plan calls for digital economy to account for bigger share of GDP, backed by 28 major projects, 5G upgrades and data-focused industrial policy.

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Artificial intelligence

China’s 5-year plan emphasises ‘orderly’ AI development amid market volatility

First announced in 2024, the AI Plus initiative includes a target of integrating AI into 90 per cent of China’s economy by 2030.

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People watch as robots perform a dance during Lunar New Year celebrations in Beijing on February 18. Photo: Reuters
Two Sessions 2026

China targets lowest growth range in 35 years as pressures rise

Beijing to prioritise hi-tech over stimulus-driven growth with focus on the people in notable shift, premier’s work report to NPC reveals.

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Chinese Premier Li Qiang’s speech at the National People’s Congress opening session is broadcast on a giant TV screen, in Beijing on Thursday. Photo: Robert Ng
Two Sessions 2026

China pledges ‘iron discipline’ to tackle debt as US borrowing surges

Global debt reached a record high in 2025 and rose in the world’s two largest economies.

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Two Sessions 2026

China’s growth target cut reflects pragmatism amid challenges

Premier Li Qiang announced China’s lowest annual growth target in more than three decades amid global trade tensions and weak domestic consumption.

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