Scholars have suggested a realignment of industries, with some pain in the short term, would go a long way towards resolving China’s overcapacity problem and adapting to trade restrictions in those sectors.
Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.
As geopolitical changes have made working with China more risky than before, European firms have backed away from infrastructure projects linked with the Belt and Road Initiative.
Numerous stressors are causing China’s middle class to seek professional help, leading to rapid growth in the mental health industry – but will that be enough to soothe their nerves?
China’s manufacturing production activity expanded in April, but analysts pointed to supply-demand imbalances and lingering deflationary pressures, while services activities moderated last month.
The Labour Day holiday saw a surge of tourism in China, setting records and providing a boost to consumption at a time when the country is looking to solidify its economic recovery.
A record 246,000 international visitors flocked to the spring session of the Canton Fair over the last three weeks in Guangzhou, but deals signed rose by only 10 per cent from the previous edition.
The hike highlights Saudi Arabia’s efforts to keep the market tight amid fading war risk in the Middle East, which has helped drive oil prices in London lower.
Beijing has introduced measures aimed at boosting inbound tourism, including visa-free travel for a number of European and Southeast Asian countries.
More than 46 per cent of urban residents polled by People’s Bank of China say job market is ‘uncertain’, while 62 per cent aim to save more, in continued challenge for policymakers counting on domestic consumption to propel the economy.
China’s Caixin/S&P Global services purchasing managers’ index (PMI) remained in expansionary territory for the 16th straight month in April, but eased from March, data released on Monday showed.
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.
China’s steel production has increased, but a property market downturn and slowdown in infrastructure spending have seen prices plunge steeply, leading to overcapacity and trade tensions.
In the spotlight due to the Netflix hit 3 Body Problem, China’s sci-fi industry saw revenues grow by 29 per cent year on year to 13.29 billion yuan (US$15.6 billion) in 2023.
After Beijing’s recent lifting of crippling wine tariffs that had been in effect since early in the pandemic, Chinese customers will need to be convinced to buy new stocks of Australian wine.
Hefei, the capital of the eastern Anhui province, has placed a heavy focus on innovation and emerging industries, including new energy vehicles, with officials from across China eager to copy the formula for success.
Trade talks between Taiwan and the United States for a phase-two deal have begun, with progress likely to be ‘harder’, analysts say, as more contentious topics fall under the microscope.
A cheaper Japanese yen is too appealing to pass up for many of China’s outbound holidaymakers, and tourism in South Korea is taking a hit.
In an official communique, China’s Politburo said ‘patient capital’ is expected to pitch in as the country moves towards a tech-driven growth model, showing a much-needed focus on the long term, analysts say.
Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.
A new wave of property stimulus measures is brewing that should fuel a recovery in market sentiment across China as the country’s top decision-makers pledged to tackle housing inventories, according to analysts.