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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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Illustration: Lau Ka-kuen

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

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15
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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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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Illustration: Lau Ka-kuen
MORE FROM THIS SERIES
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in May. Photo: Handout via Reuters
US-China trade war

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

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China economy

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

China economy

Opinion | More abundance, less prosperity: why 2 Chinas are emerging

China’s 15th five-year plan doubles down on investing in technology at the expense of household wealth.

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Illustration: Craig Stephens
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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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.

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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A woman walks by an exchange shop decorated with banknotes. There has been mounting pressure from China’s trade partners to allow the yuan to strengthen. Photo: Felix Wong
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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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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Premier Li Qiang is visible on a screen during the opening session of the National People’s Congress at the Great Hall of the People in Beijing on Thursday. Photo: Reuters
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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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.

Two Sessions 2026

China to step up tech, energy and decarbonisation efforts in next 5-year plan

China raises domestic energy output target and increases number of key projects planned for the next 5 years.

An engineer inspects the intelligent computing servers at a China Telecom facility at the Beijing-Tianjin Industrial New City Gaocun Data Intelligence Innovation Park in Tianjin’s Wuqing district last month. Photo: Xinhua
Science

‘Two sessions’, two paths: China prioritises AI integration amid US tech rivalry

Beijing’s open-source push in focus ahead of annual legislative meeting and coming five-year plan, as Washington chooses different approach.

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The US has sought to slow China’s tech development, mainly through blocking the export of advanced chips used to power AI. Photo: Shutterstock Images
US, Israel war on Iran

Stagflation risk emerges amid Mideast oil crisis, clouds China’s economic battle

While rising energy costs from war in Iran may briefly aid China’s deflation battle, analysts warn how oil price spike could threaten nation’s fragile economic rebound.

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Science

Manufacturing talent boom? Why China’s smartest students are factory-bound

Some of the country’s brightest minds enter traditional industrial sectors as manufacturing loses its blue-collar stigma.

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China property

Can China’s ‘two sessions’ find a strategy to fix the property rot?

China signals shift from debt-driven housing growth, but sweeping stimulus seen as unlikely.

Calls to ‘accelerate the development of a new model for real estate’ have featured prominently in government work reports. Pnoto: AFP
Two Sessions 2026

Opinion | Now is the time for China to show it’s serious about opening up

The ‘two sessions’ is Beijing’s chance to demonstrate reliability as nations reassess their ties with China and the US in an increasingly fragmented global order.

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Illustration: Craig Stephens
Retailing

Warm winter no match: China’s sportswear sector posts surprise growth

Policy support, Chinese New Year demand and Winter Olympics exposure lift China’s sportswear makers, with Li Ning and Anta leading gains.

Two Sessions 2026

China’s pivot from GDP obsession sparks cadre confusion, tests local governance

Governors and mayors must reconcile Beijing’s people-centric mandates with traditional growth targets, navigating vague appraisal changes and performance concepts.

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