Peking University economics professor Cao Heping says overproduction of consumer and industrial goods, as well as overinvestment, is a big problem for China’s economy as it seeks hi-tech development.
China’s consumer price index grows by 0.7 per cent year on year in February, beating forecasts and marking first rise following six months of decline, but factory-gate prices fall for 17th straight month in what analyst describes as ‘warning signal’.
China’s State Council vows to further support policies to optimise payment methods and pledges wider support for currency exchange services as part of efforts to address hurdles faced by foreigners.
A CPPCC member has suggested the creation of an agency to coordinate information being gathered by the devices.
The C919, China’s domestically produced passenger jet, will fly another commercial route domestically – an indication of Beijing’s widening ambitions for its aviation manufacturing.
New head of China’s securities regulator has promised rigorous enforcement of the law and a firm hand against those who break it in his first press conference.
Head of a major state-owned chip maker says his firm has a ‘long way’ to go to catch up with American AI companies.
China’s finance, commerce, banking, development and securities heads faced the press in Beijing on Wednesday during the annual ‘two sessions’.
A Chinese government economic adviser says local governments have shown a lack of ‘awareness’ in their economic planning, and has urged them to make use of existing industrial foundations and local resources when investing in China’s digital economy.
China’s exports of frozen and fresh truffles surged by 58.6 per cent from a year earlier in 2023 amid increasing efforts to secure a foothold in the high-end food produce trade.
Striving to reduce local government debt while boosting China’s local-level economies through investment is seen as a conflicting approach, while a decline in construction machinery operations does not bode well.
China has spotlighted what it calls ‘new productive forces’ as the key to future growth, repackaging the familiar desire for home-grown innovation and technological development with new rhetoric laying responsibility for economic health at certain sectors’ feet.
Russian officials say they are working ‘to solve’ the issue after reports some Chinese financial institutions had suspended transactions.
If troublesome trends among local officials are not addressed, Beijing’s plans to develop a unified domestic market will be effectively blocked, according to prominent political scientist Zheng Yongnian.
A short ban on ride-hailing services at one of China’s busiest airports has generated concerns that other ‘sweeping’ regulatory moves could be in the pipeline, throttling consumer confidence and blunting economic growth.
The party is facing internal pressure, especially from its younger members, for renewal – including a review of its stance on cross-strait relations.
Whatever the fallout, passing bills will be much tougher for new leader William Lai, analysts say.
All eyes will be on Beijing’s reaction to the victory of someone it sees as a hardcore separatist and the issue threatens to further cloud relations with the US.
Around an hour after the polls had closed, some opposition supporters had already accepted that it was not to be their day.
Voter turnout is expected to exceed the 74.9 per cent reported in 2020, thanks to good weather and fierce three-way race.
During his campaign, Hou Yu-ih has battled an image problem – for himself as well as his party, which is struggling to stay relevant in rapidly changing Taiwan
Mainland China uses import bans and economic ties to send political message to Taiwanese voters while businesses on the island look to sell products elsewhere as they brace for worsening cross-strait tensions.
Real estate and private investment continued to drag on China’s economy in the first 11 months of the year, and while retail sales rose in November, challenges remain amid an uneven recovery.
Strong ties between China and world’s major mineral exporters, especially those with vast copper and nickel resources, leave West playing catch-up in securing supplies.
Turkish ambassador says his country can help China’s trade with the world, including the European Union, with which Turkey has a free-trade agreement while China does not.
Premier Li Qiang spoke during the opening ceremony of the inaugural China International Supply Chain Expo on Tuesday in Beijing.
China’s financial regulators say they will make it easier to obtain loans and financing for hi-tech manufacturing, specialised corporations and small and medium-sized tech enterprises.
Analysts expressed optimism in China’s ability to woo foreign investors after a downturn in confidence, welcome news for policymakers who have been keen to court overseas capital back.