China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to 52.9 in January from 48 in December, data released on Friday showed. Photo: AP

China’s services sector activity expands for first time in 5 months

China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to 52.9 in January from 48 in December, data released on Friday showed.

3 hours ago

Can Beijing build economic growth with Legoland construction?

A Legoland park in China’s capital has been discussed for years. After falling by the wayside in 2022, the city says ground will finally be broken in 2023, and a theme park expert says it will thrive.

A Legoland park in China’s capital has been discussed for years. After falling by the wayside in 2022, the city says ground will finally be broken in 2023, and a theme park expert says it will thrive.

5 hours ago

China must be a world leader in science and tech or risk being ‘strangled’: Xi

President Xi Jinping says China should strive to become a global leader in scientific and technological fields to prevent its development goals being harmed by foreign countries.

President Xi Jinping says China should strive to become a global leader in scientific and technological fields to prevent its development goals being harmed by foreign countries.

2 Feb 2023 - 6:04PM

Lufax latest US-listed Chinese firm to apply for Hong Kong listing through introduction

Ping-An (Insurance) Group-backed Chinese online lender Lufax Holdings has applied to list in Hong Kong, joining other US-listed Chinese companies seeking a float closer to home.

Ping-An (Insurance) Group-backed Chinese online lender Lufax Holdings has applied to list in Hong Kong, joining other US-listed Chinese companies seeking a float closer to home.

2 Feb 2023 - 5:15PM

exclusive | Australian prime minister ‘anticipating’ Beijing trip this year as talks resume

Australian trade minister Don Farrell will meet with Chinese counterpart Wang Wentao next week, with Prime Minister Anthony Albanese then ‘anticipating to visit Beijing’ later this year, according to sources.

Australian trade minister Don Farrell will meet with Chinese counterpart Wang Wentao next week, with Prime Minister Anthony Albanese then ‘anticipating to visit Beijing’ later this year, according to sources.

3 hours ago

MORE STORIES

The research institute’s data shows that mortgage rates for first homes in 100 mainland Chinese cities have fallen from a peak of 5.74 per cent in September 2021. Photo: Bloomberg

China property crisis: 30 cities cut mortgage rates for first-time buyers

Thirty mainland Chinese cities lowered mortgage rates for first-time buyers to below the key level of 4.1 per cent in January, according to the Beike Research Institute, as local governments respond to Beijing’s pledge to help people get onto the property ladder.

2 Feb 2023 - 2:29PM

China’s migrants return earlier to major cities but find fewer jobs, less pay

Workers would normally return to Guangzhou and other major factory hubs next week, but long lines for jobs this week show how keen they are to earn a pay cheque after a difficult 2022.

Workers would normally return to Guangzhou and other major factory hubs next week, but long lines for jobs this week show how keen they are to earn a pay cheque after a difficult 2022.

2 Feb 2023 - 2:00PM

Regulator to cease reviewing China IPOs, letting market set share prices

Reform will ‘give the right of choice to the market’ and make IPOs more transparent, the China Securities Regulatory Commission says.

Reform will ‘give the right of choice to the market’ and make IPOs more transparent, the China Securities Regulatory Commission says.

2 Feb 2023 - 6:30AM

China’s ‘disappearing market confidence’ presents major test for Beijing

China’s top leadership has been at pains to talk up support for the private economy in recent months, but local authorities have drawn criticism for undermining business stability and intervening in company operations.

China’s top leadership has been at pains to talk up support for the private economy in recent months, but local authorities have drawn criticism for undermining business stability and intervening in company operations.

2 Feb 2023 - 9:00AM

China’s next economic tsar? He Lifeng raises profile with central bank visit

Beijing again puts He Lifeng alongside senior cadres during a high-profile stop at the People’s Bank of China, leading to increased speculation about major economic policy changes.

Beijing again puts He Lifeng alongside senior cadres during a high-profile stop at the People’s Bank of China, leading to increased speculation about major economic policy changes.

1 Feb 2023 - 8:30PM

China’s premium EV makers report steep sales plunge after Tesla’s discounts

Nio, Xpeng and Li Auto got off to a slow start in 2023 as the Lunar New Year holiday disrupted production and sales slowed following recent Tesla price cuts and the end of a government subsidy.

Nio, Xpeng and Li Auto got off to a slow start in 2023 as the Lunar New Year holiday disrupted production and sales slowed following recent Tesla price cuts and the end of a government subsidy.

1 Feb 2023 - 8:30PM

‘Sensitive’ tech, critical minerals key test for China-Australia trade ties

Chinese and Australian commerce ministers are set to meet via video ‘in the near future’ in a further sign of easing trade and political tensions, but issues over lithium and tech giant Huawei Technologies Co remain.

Chinese and Australian commerce ministers are set to meet via video ‘in the near future’ in a further sign of easing trade and political tensions, but issues over lithium and tech giant Huawei Technologies Co remain.

1 Feb 2023 - 6:51PM

China’s factory activity contracts at slower pace as Covid hampers production

China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 49.2 in January, up from 49 in December, data released on Wednesday showed.

China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 49.2 in January, up from 49 in December, data released on Wednesday showed.

1 Feb 2023 - 1:08PM

US says China has failed to crack down on copyright infringement, IP piracy

Washington’s updated list comes as economic ties between the superpowers remain strained, and as America has ramped up its tech-containment efforts targeting China.

Washington’s updated list comes as economic ties between the superpowers remain strained, and as America has ramped up its tech-containment efforts targeting China.

1 Feb 2023 - 9:12AM

China’s local governments unveil pro-investment policies to aid recovery

Several regional economic powerhouses, such as Shanghai, Zhejiang, Jiangsu and Guangdong, are trying to kick start their coronavirus-battered economies through tax breaks and incentives for overseas capital.

Several regional economic powerhouses, such as Shanghai, Zhejiang, Jiangsu and Guangdong, are trying to kick start their coronavirus-battered economies through tax breaks and incentives for overseas capital.

1 Feb 2023 - 11:21AM

Hong Kong should go to Middle East ‘if there is money to be made’: Hang Lung chief

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says.

31 Jan 2023 - 9:25PM

China, Australia trade ministers to meet next week ‘to start the ball rolling’

Australia’s trade minister, Don Farrell, told broadcaster ABC in an interview on Tuesday that he will meet China’s Wang Wentao virtual meeting next week.

Australia’s trade minister, Don Farrell, told broadcaster ABC in an interview on Tuesday that he will meet China’s Wang Wentao virtual meeting next week.

31 Jan 2023 - 4:50PM

Free flow of labour ‘vital’ to China’s poorer regions amid population decline

The population of China’s Jiangxi province rose by some 100,000 last year, with around 90 per cent of growth coming from interprovincial migration, with demographers saying the free flow of workers is essential to the health of regional economies.

The population of China’s Jiangxi province rose by some 100,000 last year, with around 90 per cent of growth coming from interprovincial migration, with demographers saying the free flow of workers is essential to the health of regional economies.

31 Jan 2023 - 11:18AM

‘Not all smiles’ despite ‘rapid rebound’ for China’s factory, services activity

China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January from 47 in December, while the non-manufacturing gauge rose to 54.4 this month, data released on Tuesday showed.

China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in January from 47 in December, while the non-manufacturing gauge rose to 54.4 this month, data released on Tuesday showed.

1 Feb 2023 - 9:07AM

IMF expects China’s economy to grow 5.2 per cent this year

IMF’s World Economic Outlook Update, released on Tuesday, also reflects a much more optimistic outlook for the US economy than was expected three months ago.

IMF’s World Economic Outlook Update, released on Tuesday, also reflects a much more optimistic outlook for the US economy than was expected three months ago.

31 Jan 2023 - 12:50PM