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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.
A BMW logo seen at the carmaker’s plant in Berlin, Germany. Photo: dpa
Electric & new energy vehicles

BMW, Toyota, Mercedes-Benz recall nearly 70,000 vehicles in China

The large-scale recall follows a series of Chinese measures aimed at improving car safety after an accident involving a Xiaomi EV.

US-China decoupling

America and China’s financial decoupling

Alibaba

Jack Ma’s Alibaba visit sparks nostalgia over company’s humble start

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US-China trade war

US-China trade talks wrap up day one in Geneva, Sunday showdown expected

Analysts predict a wide range of outcomes for the first round of US-China dialogue, from a ‘soft deal’ to a mutually acrimonious departure.

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Highly anticipated trade talks between the US and China are taking place in Switzerland over the weekend. Photo: Shutterstock
China’s Communist Party

China’s security system urged to handle duties with ‘passion’ as pressures mount

As external tensions weigh on China’s internal stability, security chiefs warn against ‘inadequacies’ in law enforcement and justice system.

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China deflation

China’s consumer prices fall in April, fuelling fears of deflation

The country’s consumer price index dropped by 0.1 per cent last month as trade war raises concerns over deflationary pressures.

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Hong Kong

China dumping US Treasuries would be the nuclear option, economist says

Mutual trust between Washington and Beijing has deteriorated considerably, but a complete severing of ties is highly unlikely, economists say.

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Illustration: Brian Wang
US-China trade war

Will US-UK deal improve America’s position in trade talks with China?

The first deal in Donald Trump’s trade war may carry symbolic value, but analysts said it would have a limited effect in talks with China.

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US-China trade war

Sino-US trade tensions dim confidence of EU companies in China

Chamber of commerce president says firms have been able to mitigate direct impact of increased tariffs.

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Consumers

Luxury labels ditch steep China discounts to rebuild value

Balenciaga, Versace, Valentino and peers change tack to convey exclusivity, attract resilient spending of wealthy buyers.

People talk near a Blancpain luxury watch store in Beijing on May 5, 2025. Photo: AFP
China jobs

China could miss jobs target amid trade war, property sector trouble: analysts

Six million jobs are at risk from US tariffs alone if duties stay at current levels, says one economist.

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A record of 12.22 million fresh graduates is expected to further compound China’s labour market in 2025. Photo: AFP
Video gaming

China’s video gaming firms bet on overseas revenue growth amid weak home market

Overseas sales of China-developed video games in 2024 increased 13.4 per cent from a year earlier to US$18.6 billion.

US-China relations

Opinion | Why China has refused to back down in the face of Trump’s tariffs

China’s elites, going back to the late Qing, have been waiting for this moment – to push back against the world’s strongest power.

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US-China trade war

The stage is set for China-US tariff talks – but trade war far from final act

Analysts said this weekend’s dialogue in Switzerland is only prologue for an extended negotiation, as neither side wishes to give ground.

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Both China and the US are taking hardline stances in the trade war, despite upcoming talks in Switzerland. Photo: AP
China trade

‘Show sincerity’: China urges US to drop tariffs ahead of first trade talks

As top Chinese and US officials meet in Switzerland this weekend, Beijing calls on Washington to prove it is serious about negotiations.

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China and the US are set to have preliminary trade talks in Switzerland this weekend. Photo: Shutterstock
US-China trade war

As tariffs hit US port arrivals, are empty shelves next as inventories sink?

Head of the Port of Los Angeles says the impact on imports is already substantial, with arrivals down by more than a third this week, year on year.

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US-China trade war

‘Erratic and unpredictable’: US more to blame for trade war than China: report

The majority of business leaders surveyed believe tariffs are a major threat and that the US should be first to de-escalate.

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US-China trade war

China’s top negotiator strikes bullish tone on economy ahead of US trade talks

Vice-Premier He Lifeng said China’s economy was ‘off to a good start’ this year as he prepared for a highly anticipated meeting with US officials.

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Vice-Premier He Lifeng will lead the Chinese delegation set to meet with US officials to discuss a trade deal in Switzerland this weekend. Photo: Reuters
China’s private sector

China touts new law as foundation for private sector growth

A week after the passage of a law on China’s private economy, officials said the bill will ‘unleash’ the potential of the non-state sector.

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Artificial intelligence

Beijing pours tens of millions of dollars into fostering Chinese AI

The Yizhuang Development Zone aims to establish a nationally leading AI industry ecosystem using only Chinese technology.

United States

Wall Street gains as China boosts its economy ahead of US trade talks

High-level US-China trade talks this weekend and Beijing’s plans to cut interest rates fuel gains on Wall Street.

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A traders works on the floor of the New York Stock Exchange on Wednesday. The S&P 500 index, Dow Jones Industrial Average and Nasdaq composite all opened higher. Photo: via AFP
US-China trade war

Next stop, Egypt? China’s exporters search for new markets amid trade war

To continue sales to US buyers and avoid tariffs, Chinese exporters are getting creative as they hunt for new bypasses and workarounds.

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Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China’s Guangdong province, April 17, 2025. Photo: AP
US-China trade war

China moves to bolster its economy ahead of US trade talks

Beijing announces a raft of measures including interest rate cuts as it seeks to begin negotiations in a strong position.

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US-China trade war

China-US container shipments continue to sink under hefty tariff ballast

Report says shippers rushed to move product in first quarter, but then pulled back sharply amid tariff uncertainty.

China society

Opinion | How China’s modernisation offers a new path to prosperity

Focused on equity and shared development outcomes, China’s path to modernity has both distinct characteristics and global relevance.

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Tourists look at a Terracotta Army warrior in Xian, Shaanxi province, in 2023. In recent years, China has improved its system of museums and libraries while supporting a flourishing cultural industry. Photo: Xinhua
US-China trade war

Canadian CEO cuts out US middlemen, forges direct China ties in trade war

Activity in the world’s largest wholesale hub, Yiwu, illustrates how hurdles and headaches stemming from Washington’s tariffs have upended global trade norms.

A vendor manages her shop selling Halloween masks at the Yiwu International Trade Market in China’s Zhejiang province on April 11. Photo: AFP
China food security

China cuts need for feed seed as food security campaign ramps up

As global trade becomes less certain, China plans to reduce the proportion of grain in its animal feed – particularly imported soybeans.

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China-Africa relations

China on African charm offensive to rally opposition to ‘bullying’ US

While Trump targets critical minerals and specific nations, China expands influence through bilateral and multilateral engagement: analyst.

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