Tourism is one of the traditional industries loosely defined within the ‘new economy’ - provided there is some element of internet empowerment involved. Photo: EPA-EFE

China’s new economy loses sparkle, as hi-tech and modern industries fail to deliver

  • New analysis of 3,000 Chinese listed companies shows the share of new economy companies is declining, as are their revenues and profits
  • Companies in sectors such as artificial intelligence, semiconductors and health care have been unable to usurp heavy industries like infrastructure in China’s economy
Topic |   China economy

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Tourism is one of the traditional industries loosely defined within the ‘new economy’ - provided there is some element of internet empowerment involved. Photo: EPA-EFE
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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.