https://www.scmp.com/rss/522354/feed National Bureau of Statistics: A prominent Chinese governmental body, the National Bureau of Statistics (NBS) is headquartered in Beijing. Established in August 1952, it operates directly under the State Council, serving as China’s principal agency for statistics and economic accounting. Its primary mission involves collecting, compiling, investigating, and publishing comprehensive national economic and social statistics. The NBS organises major censuses and provides vital data for... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mia Nurmamat Mia Nurmamat Property tycoon Pan Shiyi issued a rare critique of China’s real estate sector, describing its development model as a “Ponzi scheme” and urging the industry to restore integrity and better protect homebuyers, just days after a fraud trial saw a guilty plea from the founder of China Evergrande – the US$300 billion debt juggernaut whose 2021 collapse triggered a systemic property meltdown. Writing from the United States on Thursday via his personal WeChat account, Pan reflected on the trajectory... https://www.scmp.com/economy/china-economy/article/3350448/tycoon-pan-shiyi-slams-china-property-ponzi-evergrande-boss-pleads-guilty?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350448/tycoon-pan-shiyi-slams-china-property-ponzi-evergrande-boss-pleads-guilty?utm_source=rss_feed Fri, 17 Apr 2026 09:00:22 +0000 Mandy Zuo Mandy Zuo Ahead of China’s annual legislative meetings – typically a window into Beijing’s top-level policy agenda – this is the third entry in a series examining the complex economic recalibration driving China’s growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises. In China’s eastern province of Zhejiang, a sprawling laboratory for Beijing’s “common prosperity” campaign to reduce income inequality, statistics suggest success: between 2021... https://www.scmp.com/economy/china-economy/article/3344302/how-china-could-narrow-tech-hubs-income-gap-and-avoid-silicon-valleys-fate?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344302/how-china-could-narrow-tech-hubs-income-gap-and-avoid-silicon-valleys-fate?utm_source=rss_feed Sun, 01 Mar 2026 02:00:12 +0000 Bloomberg Bloomberg China’s factory activity unexpectedly deteriorated in July to a six-month low despite a tariff truce with the US, as early signs emerge that exports are slowing and weak domestic demand persists. The official manufacturing purchasing managers’ index was 49.3, versus 49.7 in June, the National Bureau of Statistics (NBS) said on Thursday. The median estimate of economists surveyed by Bloomberg was 49.7. A reading below 50 indicates contraction. The non-manufacturing measure of activity in... https://www.scmp.com/economy/china-economy/article/3320211/chinas-factory-activity-unexpectedly-worsens-exports-stumble?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3320211/chinas-factory-activity-unexpectedly-worsens-exports-stumble?utm_source=rss_feed Thu, 31 Jul 2025 02:32:22 +0000 Xinyi Wu Xinyi Wu Despite an easing of China’s youth unemployment rate in June, the country is steeling itself for a challenging job-hunting season as a record number of fresh graduates prepares to enter the labour market. The urban jobless rate for those aged 16 to 24, excluding students, dipped to 14.5 per cent last month – more than one in seven people – from 14.9 per cent in May, according to data released by the National Bureau of Statistics (NBS) on Thursday. While this marked the fourth consecutive month... https://www.scmp.com/economy/china-economy/article/3318599/chinas-job-market-preps-impact-record-graduate-wave-approaches?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3318599/chinas-job-market-preps-impact-record-graduate-wave-approaches?utm_source=rss_feed Thu, 17 Jul 2025 12:00:14 +0000 Wency Chen Wency Chen Unitree Robotics’ founder and CEO Wang Xingxing on Tuesday said that China’s humanoid robots have seized the attention of “people from around the world” who are now willing to buy them. The 35-year-old Wang shared his assessment of the industry at a government-hosted press conference in Beijing, where he forecast China’s robotics sector would expand at a rapid pace this year. He added that Unitree – one of the six “Little Dragons” from tech hub Hangzhou, capital of eastern Zhejiang province –... https://www.scmp.com/tech/policy/article/3318333/chinese-humanoid-robot-maker-unitree-sees-significant-delivery-growth-2025?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3318333/chinese-humanoid-robot-maker-unitree-sees-significant-delivery-growth-2025?utm_source=rss_feed Tue, 15 Jul 2025 13:00:11 +0000 Salina Li Salina Li New home prices across major cities in mainland China made the biggest decline in eight months in June, exacerbating the weak sentiment in the economy and renewing calls for stimulus measures to resume growth. A price gauge of newly completed homes in 70 major cities fell 0.3 per cent last month from May, faster than the 0.2 per cent decline the previous month, according to data published by the government’s statistics bureau on Tuesday. That was the worst monthly drop in eight months. June’s... https://www.scmp.com/business/article/3318235/chinas-june-new-home-prices-fall-most-8-months-weak-sentiment-grips-market?utm_source=rss_feed https://www.scmp.com/business/article/3318235/chinas-june-new-home-prices-fall-most-8-months-weak-sentiment-grips-market?utm_source=rss_feed Tue, 15 Jul 2025 05:00:22 +0000