Rural incomes have been in decline since 2014, falling by another 20 per cent in the first half of 2019, says analyst Ma Wenfeng. Photo: Zoe Chen

China’s countryside ‘returning to poverty’ as lack of reforms help fuel urban-rural divide

  • China's rural economy is at the heart of national policy, but the income gap between the country’s villages and cities is widening
  • Experts say the government needs to kick start much-needed reforms of the rural pension system and land rights, with US trade war increasing pressure
Topic |   China economy

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Rural incomes have been in decline since 2014, falling by another 20 per cent in the first half of 2019, says analyst Ma Wenfeng. Photo: Zoe Chen
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China’s role in global value chains, its unfettered access to global markets and the prospects for the country’s massive export apparatus that directly and indirectly employs 180 million people has been hit bu the trade war with the United States. Illustration: Lau Ka-kuen

China’s Canton Fair highlights changing nature of nation’s manufacturing industry amid US trade war

  • Tariff war launched by US President Donald Trump in June 2018 accelerated changes in China’s manufacturing and export industries that were already under way
  • Some 200,000 potential buyers will still visit 60,767 exhibition booths in Guangzhou during the three week fair as China hangs onto its manufacturing role
Topic |   China economy

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China’s role in global value chains, its unfettered access to global markets and the prospects for the country’s massive export apparatus that directly and indirectly employs 180 million people has been hit bu the trade war with the United States. Illustration: Lau Ka-kuen
READ FULL ARTICLE