China Economy

What makes the world's second largest economy tick
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Background explainers, news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.

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Beijing has shown no urgency at its NPC meeting to reboot or stimulate its economy in a way that would support its target, dashing the hopes of its neighbours worried about the drag from an economic giant fighting decline.
7
The Western semiconductor landscape is an intertwined global network, fostered by decades of collaborative research and intellectual property sharing. Beijing must learn to marshal its domestic and international resources in a similar way to realise its ambitions.
15
The much-anticipated press conference at the close of the National People’s Congress was cancelled, discontinuing a customary practice that was established in the early 1990s.
SCMP ColumnistZhou Xin
3
China’s growing dominance in solar panels, electric cars and batteries is putting US and European manufacturers at a disadvantage and is attracting defensive hostility.
15
Li Qiang admitting Beijing will have a hard time delivering on its pledge of 5 per cent GDP growth is a wild understatement given China’s economic struggles. The government’s policy response has been piecemeal, equivocal and confusing, frustrating investors and sapping confidence among domestic consumers.
8
City urged to draw on its “super roles” to raise capital, as well as to connect with and support investors and help the country become a financial powerhouse
2
Premier Li Qiang’s annual work report set modest targets for GDP, inflation and the deficit, while reflecting the country’s restructuring drive to build up its science, technology and innovation sectors.
4
The surge in Japan’s stock market looks out of place and unsustainable in an economy with a shrinking population and falling real wages. Chinese investors shifting money to Japan in the hope of catching the wave should be wary of being left behind when this bubble pops – possibly this year.
2
The concept of ‘new productive forces’ shows that China’s top leadership has realised that the traditional model of relying on debt-fuelled investment to drive growth has reached its limit.
SCMP ColumnistZhou Xin
3
The goal is to ensure the party stays focused, disciplined and efficient so that China can maintain stability in the face of global uncertainties.
Both Beijing and the West will cherry-pick and distort the numbers as their rivalry escalates, so we all need to remain mindful and alert.
SCMP ColumnistAlex Lo
41
Foreigners having trouble making mobile payments in China is just a trivial issue when it comes to the cost of its walled internet.
SCMP ColumnistZhou Xin
8
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