https://www.scmp.com/rss/520253/feed After earning a bachelor's degree in sociology, Daisy is currently pursuing a master's degree in journalism at the University of Hong Kong. Before joining the Post, she worked as an intern reporter for the 21st Century Business Herald and China Review. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China is installing innovative solar power projects across landscapes ranging from coastal mudflats to western deserts as part of efforts to achieve its green development goals. On Tuesday, China’s largest mudflat solar photovoltaic energy storage facility began operations in the eastern province of Shandong, transforming 1,200 hectares (2,965 acres) of saline-alkali land into a “new oasis” for clean energy. Coastal mudflats, with their abundant sunlight and minimal obstructions, provide an... https://www.scmp.com/economy/china-economy/article/3294273/chinas-solar-farms-spread-new-regions-amid-green-energy-push?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3294273/chinas-solar-farms-spread-new-regions-amid-green-energy-push?utm_source=rss_feed Sun, 12 Jan 2025 08:00:08 +0000 China’s civil aviation industry has turned a profit for the first time since 2020 – a milestone for one of the sectors hit hardest by the Covid-19 pandemic – with officials expressing optimism about its prospects for sustained growth. In 2024, the industry reduced its losses by 20.6 billion yuan (US$2.8 billion) from the previous year and recorded a 25 per cent increase in total traffic, Civil Aviation Administration of China (CAAC) Administrator Song Zhiyong announced at an industry work... https://www.scmp.com/economy/china-economy/article/3294287/chinas-aviation-sector-clear-skies-profit-after-four-turbulent-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3294287/chinas-aviation-sector-clear-skies-profit-after-four-turbulent-years?utm_source=rss_feed Fri, 10 Jan 2025 12:30:13 +0000 Despite a series of aggressive fiscal stimulus measures, China’s consumer prices rose by just 0.2 per cent last year, with analysts noting that the world’s second-largest economy continues to face significant challenges in overcoming deflation and revitalising domestic demand. The consumer price index (CPI), a key measure of inflation, rose by 0.1 per cent year on year last month, the National Bureau of Statistics (NBS) said on Thursday – lower than the growth of 0.16 per cent estimated in a... https://www.scmp.com/economy/china-economy/article/3293988/chinas-consumer-inflation-falls-short-expectations-close-out-year?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3293988/chinas-consumer-inflation-falls-short-expectations-close-out-year?utm_source=rss_feed Thu, 09 Jan 2025 01:36:56 +0000 China’s courier industry – which reported its busiest year on record thanks to the country’s brisk e-commerce business and a partial recovery in consumption – is set to better those figures in 2025 as domestic demand becomes even more critical to the health of the world’s second-largest economy. Parcel deliveries reached a record 174.5 billion last year, a 21 per cent year-on-year increase, while courier service revenues rose 13 per cent to 1.4 trillion yuan (US$191.2 billion), the State Post... https://www.scmp.com/economy/china-economy/article/3293925/chinas-logistics-sector-stands-and-delivers-busiest-year-ever-2024?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3293925/chinas-logistics-sector-stands-and-delivers-busiest-year-ever-2024?utm_source=rss_feed Wed, 08 Jan 2025 11:30:13 +0000 China has made a significant breakthrough in mineral exploration on the Tibetan Plateau, and scientists say the region could become a world-class copper resource base. More than 20 million metric tonnes of new copper resources have been uncovered on the Tibetan Plateau, researchers from the China Geological Survey said on Monday. That compares with 53 million tonnes of proven copper reserves on the plateau as of 2021, which accounted for more than half of China’s total copper reserves. The... https://www.scmp.com/economy/china-economy/article/3293612/chinas-huge-copper-find-tibetan-plateau-help-underpin-its-world-leading-consumption?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3293612/chinas-huge-copper-find-tibetan-plateau-help-underpin-its-world-leading-consumption?utm_source=rss_feed Mon, 06 Jan 2025 13:00:13 +0000 Cecilia Hu, a 25-year-old marketing professional based in Wuhan, used to be an avid movie-goer, visiting the cinema at least once a month. However, last year she only went once – to see Big World, a new release starring her idol, pop star Jackson Yee. Despite her initial enthusiasm, Hu left the theatre disappointed. Yee performed well, she said, but the film otherwise lacked appeal, with a romantic storyline feeling particularly out of place. Now, instead of going to the cinema to serve as a... https://www.scmp.com/economy/china-economy/article/3293329/quiet-set-chinas-film-industry-fights-relevance-changing-media-landscape?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3293329/quiet-set-chinas-film-industry-fights-relevance-changing-media-landscape?utm_source=rss_feed Sat, 04 Jan 2025 04:00:24 +0000 The swarm of drones soared upward carrying a bright and beautiful surprise in the small Chinese city of Liuyang. In unison, several fired off a spectacular volley of fireworks, illuminating the night sky like a meteor shower while eliciting oohs and ahs from onlookers. The performance last month quickly went viral on social media, and many viewers commented that China’s firework displays have reached a new level of impressiveness with the help of drones. Since 2013, growing concerns over safety... https://www.scmp.com/economy/china-economy/article/3292908/chinas-fusion-fireworks-and-drones-reignites-worlds-oldest-firework-industry?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3292908/chinas-fusion-fireworks-and-drones-reignites-worlds-oldest-firework-industry?utm_source=rss_feed Wed, 01 Jan 2025 12:00:09 +0000 A major gauge of China’s factory activity has stayed in expansionary territory for three months in a row, adding momentum to the country’s economic recovery as the external environment is poised to become more fraught in 2025. The official manufacturing purchasing managers’ index (PMI) – an indicator of sentiment among factory owners – fell to 50.1 in December compared with 50.3 a month earlier, according to data released by the National Bureau of Statistics (NBS) on Tuesday. The index has... https://www.scmp.com/economy/economic-indicators/article/3292825/chinas-factory-activity-continues-expanding-december?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3292825/chinas-factory-activity-continues-expanding-december?utm_source=rss_feed Tue, 31 Dec 2024 01:33:55 +0000 In the artificial intelligence (AI) era, computing power has become an even more critical focus in the global race for technological leadership, with major economies ramping up investments to gain a competitive edge. Premier Li Qiang emphasised the need for China to strengthen the construction of computing power infrastructure, underscoring its role in supporting technological and economic growth, during a three-day visit last week to Zhejiang province, one of the country’s leading economic... https://www.scmp.com/economy/china-economy/article/3292478/chinese-cities-offer-subsidies-boost-access-computing-power-needed-ai?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3292478/chinese-cities-offer-subsidies-boost-access-computing-power-needed-ai?utm_source=rss_feed Fri, 27 Dec 2024 09:30:09 +0000 Last winter’s tourism boom made Harbin a top destination for domestic visitors. Now, the northeastern Chinese city known for its annual ice festival and bitter cold is enhancing policies to attract more international tourists. Rachael Lim, a tourist from Malaysia, recently shared her experiences in Harbin on the Chinese social media platform Xiaohongshu – “Little Red Book” in English – describing the city as “beautiful, cold, and dreamy”. “My country has summer all year round, so snow is... https://www.scmp.com/economy/china-economy/article/3292145/harbin-aims-attract-more-foreign-tourists-chinas-winter-wonderland?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3292145/harbin-aims-attract-more-foreign-tourists-chinas-winter-wonderland?utm_source=rss_feed Thu, 26 Dec 2024 02:00:08 +0000 In recent years, neijuan – involution – has been identified as an obstacle to China’s economic development. During last week’s central economic work conference, the country’s leadership emphasised the need to fight against neijuan-style competition and rectify related behaviour by local governments and enterprises. What is neijuan/involution? It refers to excessive competition, where more resources are invested without increasing returns or reinvestment in research and development. For some... https://www.scmp.com/economy/china-economy/article/3291163/what-neijuan-and-why-it-worrying-chinas-economic-policymakers?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3291163/what-neijuan-and-why-it-worrying-chinas-economic-policymakers?utm_source=rss_feed Tue, 17 Dec 2024 13:00:10 +0000 Northeast China’s Jilin province is leveraging the snow season to enhance the ice and snow economy, with a plan to attract 230 million tourists and generate 420 billion yuan (US$57.7 billion) in revenue by 2027-28. Authorities announced on Thursday an action plan aiming to establish the province as a globally hub for the ice and snow economy by supporting winter tourism, sports and related equipment manufacturing through targeted policies. The plan includes applying for up to two additional... https://www.scmp.com/economy/china-economy/article/3290684/ice-snow-economy-eyed-heat-northeastern-chinese-province-tourist-influx?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3290684/ice-snow-economy-eyed-heat-northeastern-chinese-province-tourist-influx?utm_source=rss_feed Fri, 13 Dec 2024 10:30:07 +0000 China is stepping up efforts to address its ageing population by promoting employment opportunities for the elderly and boosting the so-called silver economy. Diversified and personalised employment opportunities, as well as support for the senior care industry, would be created, the Ministry of Human Resources and Social Security, along with three other government departments, said on Tuesday. In 2023, the number of people aged 60 and above in China reached 297 million, accounting for more than... https://www.scmp.com/economy/policy/article/3290153/chinas-population-ages-can-it-unlock-second-demographic-dividend?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3290153/chinas-population-ages-can-it-unlock-second-demographic-dividend?utm_source=rss_feed Tue, 10 Dec 2024 10:30:08 +0000 China’s weak consumer price growth in November leaves plenty of room for further monetary policy easing, with earlier stimulus having eased fears of deflation, analysts said. The consumer price index (CPI), a key measure of inflation, fell short of expectations and rose by just 0.2 per cent year on year last month, hitting a five-month low after slowing from a 0.3 per cent increase in October, the National Bureau of Statistics (NBS) said on Monday. Analysts attributed the slowdown in November to... https://www.scmp.com/economy/economic-indicators/article/3289917/chinas-consumer-inflation-falls-short-november-factory-price-drag-continues?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3289917/chinas-consumer-inflation-falls-short-november-factory-price-drag-continues?utm_source=rss_feed Mon, 09 Dec 2024 01:34:23 +0000 Two Chinese economists known for their frank talk have kept uncharacteristically quiet in recent days, as both appeared to receive social media suspensions after critical comments about the country’s prospects garnered widespread attention. Fu Peng, chief economist at brokerage firm Northeast Securities, has stayed under the radar after challenging official rhetoric painting a rosy picture for China’s growth outlook. In a speech at a closed-door event in late November – and a widely circulated... https://www.scmp.com/economy/china-economy/article/3289741/chinese-economists-social-media-ice-after-critical-comments-spread-wildfire?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3289741/chinese-economists-social-media-ice-after-critical-comments-spread-wildfire?utm_source=rss_feed Sat, 07 Dec 2024 08:00:10 +0000 Beijing urged Seoul to ensure the safety of Chinese nationals on Wednesday evening but opted to not comment on South Korea’s short-lived declaration of martial law. “China has taken note of the situation. No comment will be made on the internal affairs of South Korea,” the Chinese foreign ministry said, adding that Beijing’s positions on issues relating to the Korean peninsula were unchanged. “We hope the South Korean side can take effective measures to ensure the safety of Chinese citizens and... https://www.scmp.com/news/china/diplomacy/article/3289264/china-urges-its-citizens-south-korea-be-vigilant-after-martial-law-turmoil?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3289264/china-urges-its-citizens-south-korea-be-vigilant-after-martial-law-turmoil?utm_source=rss_feed Wed, 04 Dec 2024 04:31:08 +0000 Chinese cities are scrambling to host international superstars as local officials pin hopes on live music shows to help drive their economies when overall retail sales are lagging as residents tighten their belts amid economic headwinds. An official in eastern China’s Hangzhou expressed his hope of inviting Taylor Swift to perform in the city after British singer Ed Sheeran announced plans to perform six shows in Hangzhou from February to March – the only stop in China during his upcoming... https://www.scmp.com/economy/china-economy/article/3289196/will-taylor-swift-accept-hangzhous-outstretched-hand-economy-boosting-china-show?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3289196/will-taylor-swift-accept-hangzhous-outstretched-hand-economy-boosting-china-show?utm_source=rss_feed Tue, 03 Dec 2024 12:30:12 +0000