Economic Indicators

Taiwan’s exports entered a growth pattern in November after a period of sustained decline and a few erratic months. Photo: Bloomberg

After months of zigzags, Taiwan reports export growth in November

Export numbers for Taiwan re-entered the plus column after months of contraction and a shorter period of back-and-forth changes, fuelling hopes for protracted growth in 2024.

2 hours ago
Some economists say the yuan’s exchange rate against the US dollar could remain around 7.3 to 7.5 by the end of next year. Photo: Reuters

Why China’s yuan may stay weak in 2024, regardless of any US Fed rate cuts

A prominent Chinese economist has flagged two key risks that could keep pressure on the yuan: weaker-than-expected fiscal expansion and a further contraction in the property market.

3 hours ago
If the US Federal Reserve cuts interest rates next year, it could reduce pressure on the yuan and result in a greater inflow of capital to China. Photo: dpa

As China looks to shore up economy, geopolitics, US rate cuts weigh on outlook

Economists generally expect that the US’ most aggressive rate-rising cycle in 40 years will end soon, and that any subsequent rate-cut cycle would lead to lower financing costs for businesses – a positive for trade flows.

8 Dec 2023 - 9:10AM
Cooper is considered a “big-ticket item” in the global supply chain. Photo: Bloomberg

‘Every country needs copper’, and China foresight offers an edge in green push

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.

8 Dec 2023 - 9:25AM
The number of college graduates in China is expected to reach 11.79 million next year. Photo: AFP

Amid job market woes, China to add another 11.8 million graduates to workforce

A record number of college students are set to graduate in China next year at a time of high unemployment within the 16-24 age group.

7 Dec 2023 - 11:58AM
Middle-class Chinese parents may be reluctant to accept secondary vocational education, as a university degree remains essential for upward mobility, and some are heading overseas for opportunities. Illustration: Henry Wong

Why China’s vocational school drive is causing ‘strong anxiety among parents’

An education policy enacted six years ago means that only half of junior high students in China can go on to get academic degrees in the country, and many parents don’t like those odds.

7 Dec 2023 - 10:23AM
Foreign firms and investors in China have increasingly voiced concerns over policy ambiguity as they struggle to figure out where the red lines have been drawn. Photo: AP

China lashes out at ‘ill-intentioned foreign forces’ over its anti-spying law

Ministry of State Security seeks to quell accusations that China’s revised anti-espionage law has worsened economic decoupling and the operating environment for foreign firms, as they have increasingly claimed.

6 Dec 2023 - 11:02PM
President Xi Jinping visits the Shanghai Futures Exchange. Recent policy shifts have seen a greater emphasis on control and risk prevention for the financial industry in China. Photo: Xinhua

After years of emulating West, China starts to turn on ‘predatory’ finance

In a departure from the West’s view on the role of finance, China has made the case for its own perspective on the industry, primarily as a tool for achieving policy goals and a buttress for weak links in the economy.

6 Dec 2023 - 9:59PM
The Jiuyang Blossom ro-ro vessel can carry more than 7,000 cars per journey. Photo: CCTV

Ro-ro, roll your cars: China automakers splurge on huge carriers to meet demand

China’s surging car exports, led by EVs, could top 5 million this year – but outsized demand is pitting manufacturers against each other in a price war to secure so-called ro-ro ships that haul thousands of vehicles.

6 Dec 2023 - 5:32PM
Troubled institutions like the Evergrande property development group are seen as potential risks throughout China’s economy, even for state-owned giants. Photo: AFP

China advises state firms to watch finances as country moves to limit risk

The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.

6 Dec 2023 - 9:00AM
China’s official manufacturing and servcices purchasing managers’ indicies (PMI) disappointed in November, although the Caixin/S&P Global gauges both offered signs of recovery last month. Photo: AFP

Explainer | ‘The economy stagnated in November’: 4 takeaways from China’s activity data

China’s official manufacturing and services purchasing managers’ indices (PMI) disappointed in November, although the Caixin/S&P Global gauges offered signs of recovery last month.

6 Dec 2023 - 7:00AM
Even after education reforms intended to lower costs and narrow gaps in outcomes, the divide between rich and poor appears to be growing. Illustration: Lau Ka-kuen

China’s tutoring ban meant to ease stress, costs but has worsened education gap

Two years since China passed education reforms to lower schoolwork burdens and reduce inequalities in education outcomes, the divide only appears to have grown wider and deeper.

7 Dec 2023 - 9:32AM
China is looking to increase computing speeds across the country, with an aim of bolstering its digital economy. Photo: Getty Images

‘Like water and electricity’: China calls for ‘unified’ computing network

Only about three-quarters of China’s population has internet access, but a new infrastructure drive aims to make connecting to a ‘unified’ network as easy as getting water from the tap or flipping a light switch.

5 Dec 2023 - 8:09PM
The downgrade comes at a delicate time for China as it prepares to examine its bumpy post-Covid recovery and make economic policies for the next year at the upcoming tone-setting central economic work conference, which is usually held in December. Photo: AFP

China ‘disappointed’ at Moody’s downgrade of sovereign bonds outlook to negative

Moody’s Investors Service on Tuesday cut the outlook for Chinese sovereign bonds from stable to negative, while keeping their rating unchanged at A1, with Beijing calling their concerns ‘unnecessary’.

5 Dec 2023 - 7:17PM
Caixin/S&P Global services purchasing managers’ index (PMI) rose to 51.5 in November, up from 50.4 in October. Photo: EPA-EFE

As ‘market continues to heal’, China’s services activity expands to 3-month high

China’s Caixin/S&P Global services purchasing managers’ index (PMI) rose to a three-month high in November, data released on Tuesday showed.

5 Dec 2023 - 10:00AM
China’s first autonomous veggie farm in Chengdu, Sichuan province, can reportedly produce a harvest of lettuce every 35 days. Photo: CMG

China opens world’s tallest unmanned veggie farm as urban agriculture takes root

Unaffected by climate and geographical constraints, a new Chengdu facility is said to be capable of producing a harvest of lettuce every 35 days under AI-controlled environmental conditions.

5 Dec 2023 - 9:21AM
Preventing and resolving financial risks, including at small banks and local government financing vehicles, as well as property-related vulnerabilities, are expected to be on the agenda at the central economic work conference. Photo: Bloomberg

China tightens the leash on vulnerable banks in domestic de-risking campaign

Preventing and resolving financial risk is expected to remain high on the agenda at a major economic conference as sweeping changes are made to rural credit systems.

5 Dec 2023 - 9:19AM
With China looking to amp up economic growth in 2024 and beyond, securing new supply chains for its exports could help. Photo: AP

What GDP target must China set for 2024 to double its economy by 2035?

China’s leadership will convene soon to map out next year’s economic trajectory, but analysts say hitting long-term growth targets depends on whether Beijing implement more stimulus measures.

4 Dec 2023 - 1:46PM