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China's economic recovery

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China economy
Chinese tourists
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.
President Xi Jinping, seen on Friday at a meeting of global business leaders at the Great Hall of the People in Beijing, spearheaded an austerity drive aimed at cutting out government spending on lavish gatherings, among other such waste. Photo: Kyodo
China economy

Editorial | China’s austerity is very different to that in US

Beijing is targeting wasteful spending on projects and misuse of public money by officials, not savings to finance tax cuts.

Video | Chinese President Xi meets with global CEOs

Donald Trump’s China policy

Why is Trump embracing law of the jungle, asks top Chinese economist

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Xi Jinping

Xi urges foreign firms to resist ‘acts that turn back the wheel of history’

Xi meets with business reps as China takes aim at unilateralism and protectionism while ramping up a charm offensive for foreign investors against the backdrop of two global conferences.

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President Xi Jinping spoke with foreign business leaders at the Great Hall of the People in Beijing on Friday. Photo: Reuters
TV shows and streaming video

Addictive China micro-dramas show how commercial demand fuels netcasting boom

The head of China’s body overseeing film and TV calls micro-dramas a ‘new growth pillar for China’s online audio and video industry’, with growing influence overseas.

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Boao Forum for Asia

As Beijing hails untapped Asian partnerships at Boao, Hong Kong vows to do more

‘Backed by the motherland’, Hong Kong’s chief executive vows more integration into nation’s development strategy after vice-premier stresses importance of regional cooperation mechanisms.

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China economy

China’s industrial profits unexpectedly fall in ominous sign for economy

Economists had predicted China’s industrial firms would record robust profit growth in the first two months of the year.

China posted an unexpected decline in industrial profits in the first two months of the year, in a sign that the country’s economic recovery is fragile. Photo: AP
US-China relations

Editorial | China offers stability in a world roiled by rising trade tensions

Premier Li Qiang has reassured major CEOs from around the world that the nation remains open for business despite Donald Trump’s tariff threats.

Shanghai

In bid to woo more foreign investors, Shanghai pledges to loosen rules

China’s financial hub is putting in more effort to attract and retain overseas capital as economic, trade landscape grows more uncertain.

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China's population

Can birth subsidies save China from its looming population crisis?

China is betting big on birth subsidies to stave off a demographic crisis. But do cash payments really work?

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Illustration: Pearl Law
China’s private sector

For China’s private sector, Beijing’s long-sought decree seen as key to recovery

Buyers will have 60 days to pay for cargo, projects or services after they are delivered, plus more supervision and a complaint platform.

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A staff member transports materials at a private new-material firm in China’s Henan province. It should soon become easier for the nation’s small and medium-sized firms to collect back-owed payments. Photo: Xinhua
Investing

Is AstraZeneca’s new US$2.5 billion plan a blueprint for foreign firms in China?

British-Swedish drug maker has gone from Beijing’s scrutiny to its praise, hailed as a sign of doing business in China.

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China GDP

What tariffs? Another China GDP forecast rises on fast start, capital outlays

Morgan Stanley joins others in growing more bullish on China’s economy for the year, but US tariffs seen biting amid ‘supply-chain rewiring’.

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China’s economic stimulus

Open Questions | Michael Pettis on China’s consumption paradox and the pitfalls of a trade war

The professor of finance and author talks China’s economy and argues the US dollar’s monopoly role in trade is an ‘unsustainable’ anomaly.

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Illustration: Victor Sanjinez
Banking & finance

HSBC to back Chinese firms in their growth plans amid global headwinds, CEO says

With continued investment, China is poised to lead the future of technology-driven, resilient, and sustainable supply chains, Elhedery says.

Office workers seen outside HSBC’s head office building in Central, Hong Kong. Photo: Elson Li
Hutchison’s Panama ports deal

Younger son of Hong Kong’s Li Ka-shing invited to Beijing global business forum

Richard Li has been invited to the China Development Forum as founder of Pacific Century Group, list of attendees seen by the Post shows.

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China economy

Wasteful investments drain China’s economy, undermine credibility: state media

Economic Daily commentary warns local authorities to avoid inefficient projects with little payoff as Beijing tries to boost domestic demand.

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Li Qiang

China is prepared for bigger than expected external shocks: Premier Li Qiang

Li says Beijing will roll out measures to ensure the smooth operation of the economy, if needed.

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Chinese Premier Li Qiang says foreign firms are indispensable to China’s development. Photo: AP
China society

Opinion | China’s economic successes are reshaping the Western media narrative

Beijing’s economic strategy, technological prowess and climate policies are prompting a reassessment of the country’s media profile.

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China consumption

China’s hottest new show is a Sichuan-dialect micro drama set in the 1980s

My Sweet Home has achieved phenomenal success by moving beyond the trashy tropes of China’s booming micro drama industry.

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China economy

Editorial | Beijing’s ambitious plan can help to prime the consumption pump

Communist Party Central Committee and State Council issue 30-point action plan aimed at reviving Chinese economy and stoking domestic spending.

Locals shop at a market in China’s Hunan Province. Photo: Xinhua
US-China relations

Robot wars: why this week was a game-changer for the US-China humanoid race

From ‘kung fu bots’ to new production lines, the race to mass produce humanlike robots is accelerating on both sides of the Pacific.

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Unitree’s G1 robot performs a series of kung fu kicks in a demo video released in February. Photo: Unitree
US-China trade war

Outlook for Chinese economy getting brighter, say Peking University experts

Technological innovation in manufacturing sector and advance of AI look set to boost productivity.

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US-China trade war

China’s Silicon Valley sees exports slump over 16% as trade war fears rise

Analysts are divided over the causes of the sharp slowdown in Shenzhen, one of China’s most important trade hubs.

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China deflation

China needs ‘more significant’ stimulus to crush deflation fears: economist

The recent growth plans outlined by Beijing will not be enough to change the narrative on China’s economic trajectory, expert warns.

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China’s economy risks slipping into a deflationary spiral as consumers remain reluctant to open their wallets. Photo: EPA-EFE
Xi Jinping

China’s Xi Jinping calls for economic transition on Guizhou visit

On his first inspection tour since the national legislative session, China’s president said the relatively underdeveloped province should build ties with other regions.

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President Xi Jinping paid a visit to Guizhou province, one of China’s poorest regions. Photo: Xinhua
China travel

Shanghai’s new plan to lure foreign tourists: mega-events and Peppa Pig

The Chinese city has outlined a three-year strategy to boost inbound tourism that aims to move beyond its historic landmarks.

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China trade

80 global executives to gather in Beijing for key annual summit

The attendees include leaders of more than a dozen US corporations, including Apple CEO Tim Cook.

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