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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.
Illustration: Craig Stephens
China trade

Opinion | How the next China shock is shaping hearts and minds

No longer confined to trade and technology, competition between China and the West is now playing out in the realm of cultural imagination.

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US-China trade war

Trump lashes out at US Supreme Court, rolls out new 10% global tariffs

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US-China trade war

Why looming US-China trade talks could hinge on an obscure metal: gallium

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Mainland China

Video | China bets big on its emerging ‘ice and snow’ economy

The emerging sector is tipped to be worth 1.5 trillion yuan (US$217 billion) in 2030.

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China trade

Why more foreign medical patients are opting for ‘China speed’

The speed, efficiency and affordability of treatment in China is attracting foreign patients, but some bottlenecks need to be cleared.

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China-Africa relations

China helps Zimbabwe grow US$1.2 billion tobacco crop amid debt, health concerns

As Zimbabwe’s largest agricultural export and a primary foreign currency earner, tobacco dominates its trade with Beijing.

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Guangzhou

Why ‘ghosts’ are most dangerous foes in China’s cutthroat civil service exams

A bizarre case of inflating applicant numbers to deter potential job candidates has become a national talking point.

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In China, hundreds or even thousands of applicants may vie for a position that offers a light workload alongside strong career prospects. Photo: China News Service/VCG via Getty Images
Electric & new energy vehicles

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.

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Banking & finance

Macroscope | US dollar weakness is no game changer for a globalised yuan

Beijing will seize on the crisis to promote the yuan, but without capital account liberalisation – essential for a truly global currency – its rise will remain limited.

Gold in Hong Kong

Copper, lithium unlikely to match gold’s gains as output rises: Goldman

Record gold prices have lifted sentiment across raw materials, but analysts expect differentiated returns as producers ratchet up output.

Gold has surged to record highs, while a range of other commodities have also climbed, as governments and investors seek the perceived “insurance” value of hard assets. Photo: dpa
China consumption

Why are so many South Korean visitors flocking to China’s Guangzhou?

Safety concerns in Southeast Asia and China’s visa-free travel policy among factors fuelling boom in golf tourism.

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Holiday Islands Golf Club in Guangzhou. Photo: Handout
China-Latin America relations

Chinese steel hit with duties up to US$670 per tonne after Brazil dumping probe

Government anti-dumping investigation found Chinese imports were being sold at unfairly low prices, harming domestic producers.

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US-China trade war

Has Trump ceded EV market to China with latest string of policy shifts?

Analysts say rolling back regulations pushes US further towards petrol cars, discourages EV innovation, and gives China competitive edge.

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China consumption

China targets foreign tourists for Lunar New Year ‘consumption feast’

Beijing sees huge untapped potential in spending by inbound travellers as it strives to drive up demand over the crucial nine-day holiday.

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Tourists from Russia take selfies on the Bund in Shanghai. China is keen to drive up spending by inbound travellers over the Lunar New Year. Photo: Xinhua
Japan

Chinese tourist arrivals to Japan plunge 41% in January amid simmering tensions

Impact ripples through Japan’s retail sector, with falling duty-free sales at top department stores highlighting the pain for the industry.

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Chinese tourists in kimonos seen at the Sensoji Temple in the Asakusa district of Tokyo on November 15, 2025. Photo: AFP
Retailing

Budweiser and Heineken face polar opposite fates in China as punters stay home

Beer drinkers in China are veering away from bars and high-end restaurants, instead opting for cheaper stay-at-home options, analysts say.

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China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

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Lunar New Year

Strong Lunar New Year demand fuels China’s gold jewellery market

Retailers offer small discounts to spur holiday sales but are set to raise prices after the festival, as investment banks issue bullish outlooks.

Customers look at gold rings at a jewellery store in Shanghai. Photo: Reuters
Retailing

Sam’s Club cracks China market formula even as foreign retailers shut shop

The warehouse retailer opened 10 new stores in 2025, accelerating expansion in smaller cities like Zhangjiagang and Yangzhou.

China jobs

Year-end bonuses shrink in China amid slowing growth, report finds

As China heads into the Year of the Horse, its firms’ bonuses have slowed to a trot, with many employees missing out completely.

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US-China relations

Sudden Xi-Trump call, secret nuclear testing claims: 7 US-China relations reads

From China’s grip on minerals to the US’ Apec plans, here are highlights from our overseas correspondents in the first half of February 2026.

US Secretary of State Marco Rubio holds a press conference during the Critical Minerals Ministerial at the State Department in Washington DC on February 4, 2026. Photo: Reuters
China's economic recovery

China’s Xi prioritises ‘AI-plus’ and consumer spending to counter economic risks

Previously unreleased comments by Xi urge income growth and tech breakthroughs, potentially setting stage for measures ahead of March’s parliamentary meetings.

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A humanoid robot is pictured, with a big AI logo on the ceiling, at the 2025 Global Industrial Internet Conference in China’s Liaoning province on September 6. Photo: Xinhua
US-China relations

How AI, quantum computing could help US overcome China’s rare earths advantage

Technologies for synthesising substitutes or alloys could cut time required to secure critical materials to just a few years.

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Banking & finance

China puts another big bank under stricter watch – why now?

Beijing continues to impose stricter regulatory standards on major lenders, shielding the financial system from mounting strains.

Mainland China

Fading US dollar trust threatens world economy, ex-IMF official Zhu Min warns

Former Chinese central banker says military spending, government debt and interest rates are also among risks to financial markets.

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Zhu Min, seen here at the 2025 World Economic Forum in Davos, is the former deputy director of the International Monetary Fund and former deputy governor of the People’s Bank of China. Photo: World Economic Forum/Sandra Blaser
Lunar New Year

Video | Chinese tourists have a new favourite country this Lunar New Year

Arrivals by Chinese tourists to South Korea are expected to rise by 52% in February 2026.

South Korea now tops the list of Lunar New Year destinations for Chinese travellers amid heightened tensions between China and the former top destination, Japan.
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China consumption

China’s Spring Festival box office faces plot twist after 2025 smashed records

Home-grown films lead the charge but fail to meet the phenomenal success of last year’s Ne Zha 2, which attracted record-breaking crowds.

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China property

Green shoots for China property? Maybe – but the turnaround’s still shaky

Home-price declines eased in January and policy support is building, but analysts warn oversupply continues to cloud the outlook.

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