https://www.scmp.com/rss/523494/feed The latest news and top stories on the China Development Institute (CDI), a prominent non-profit research institute and think tank. Headquartered in Shenzhen, Guangdong, China, it was established in 1989 to support China’s economic reform and opening-up. Its primary mission involves conducting high-quality, independent research and providing practical policy recommendations to governments and businesses. The CDI also focuses on macroeconomic policy, regional and urban development, industrial... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com He Huifeng He Huifeng China’s premier manufacturing hub is recalibrating its economic ambitions, with policymakers in the industrial heartland of Guangdong setting a cautious growth target for 2026, signalling a strategic shift amid intensifying external pressures and internal regional imbalances. The southern province, bordering Hong Kong, expects its gross domestic product to grow between 4.5 and 5 per cent this year, its governor, Meng Fanli, said on Monday while delivering the annual government work report at the... https://www.scmp.com/economy/china-economy/article/3341259/chinas-manufacturing-powerhouse-cuts-2026-gdp-growth-target-after-missing-mark?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341259/chinas-manufacturing-powerhouse-cuts-2026-gdp-growth-target-after-missing-mark?utm_source=rss_feed Tue, 27 Jan 2026 00:00:08 +0000 Carol Yang Carol Yang Beijing has pledged to prevent industrial hollowing-out by safeguarding the share of manufacturing in its economy, noting that the trend has historically proven difficult to reverse in an official outline of priorities for the next five years. As nations industrialise, the share of manufacturing in their economies typically peaks before declining. If left unchecked, the trend could lead to deindustrialisation, undermining economic strength and resilience, according to a book released last week... https://www.scmp.com/economy/china-economy/article/3331772/chinas-vow-shield-manufacturing-aims-ward-industrial-decline?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3331772/chinas-vow-shield-manufacturing-aims-ward-industrial-decline?utm_source=rss_feed Fri, 07 Nov 2025 02:00:30 +0000 Peggy Sito Peggy Sito Hong Kong maintained its position as the world’s third-ranked financial hub, narrowing the gap with leading cities New York and London, according to the latest Global Financial Centres Index (GFCI) report on Thursday. The report, which is published twice a year, said Hong Kong’s overall rating rose 4 points, just 1 point below London and 2 points behind top-ranked New York. “This ranking is not an endpoint, but a validation of our strategy” said Benjamin Hung, chairman of the Financial Services... https://www.scmp.com/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed https://www.scmp.com/business/markets/article/3326875/hong-kong-retains-no-3-rank-global-financial-hub-behind-new-york-and-london?utm_source=rss_feed Thu, 25 Sep 2025 11:38:52 +0000 Carol Yang Carol Yang Dong Yu has been executive vice-president of the China Institute for Development Planning at Tsinghua University since 2019. Before joining academia, he held senior positions in several of China’s major economic decision-making bodies, including the National Development and Reform Commission and the Office of the Central Financial and Economic Affairs Commission. He has been part of the teams that drafted several of the country’s economic blueprint documents, including the 11th, 12th and 13th... https://www.scmp.com/economy/policy/article/3326101/dong-yu-why-every-chapter-chinas-five-year-plans-boils-down-income?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3326101/dong-yu-why-every-chapter-chinas-five-year-plans-boils-down-income?utm_source=rss_feed Sun, 21 Sep 2025 22:00:12 +0000 Carol Yang Carol Yang Dong Yu has been executive vice-president of the China Institute for Development Planning at Tsinghua University since 2019. Before joining academia, he held senior positions in several of China’s major economic decision-making bodies, including the National Development and Reform Commission and the Office of the Central Financial and Economic Affairs Commission. He has been part of the teams that drafted several of the country’s economic blueprint documents, including the 11th, 12th and 13th... https://www.scmp.com/plus/article/3325959/dong-yu-chinas-jobs-crunch-ai-and-why-plans-matter?utm_source=rss_feed https://www.scmp.com/plus/article/3325959/dong-yu-chinas-jobs-crunch-ai-and-why-plans-matter?utm_source=rss_feed Thu, 18 Sep 2025 06:00:18 +0000 He Huifeng He Huifeng China’s consumer robotics start-ups are finding new growth opportunities in overseas markets, providing a new development model for the country’s manufacturers as they attempt to escape problems wrought by excess capacity and destructive price wars at home. These up-and-coming robotics firms are leveraging mature supply chains and rapid product iteration cycles to compete on technology and speed, industry insiders and analysts said, quickly turning tech innovation into market presence and... https://www.scmp.com/economy/global-economy/article/3325292/snow-blowing-lawn-mowing-robots-clear-way-chinas-tech-expansion?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3325292/snow-blowing-lawn-mowing-robots-clear-way-chinas-tech-expansion?utm_source=rss_feed Fri, 12 Sep 2025 08:00:09 +0000 He Huifeng He Huifeng Two cities that have served as economic pillars for China’s southern province of Guangdong appear to be losing steam relative to their peers, prompting calls for stronger action to revive businesses. Tech hub Shenzhen and manufacturing centre Guangzhou reported gross domestic product growth of 5.1 and 3.8 per cent respectively in the period from January to June, both below the national average of 5.3 per cent. The simultaneous slowdown came as uncertainty grips the global supply chain and... https://www.scmp.com/economy/economic-indicators/article/3320304/guangzhou-and-shenzhen-once-chinas-growth-engines-report-gdp-underperformance?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3320304/guangzhou-and-shenzhen-once-chinas-growth-engines-report-gdp-underperformance?utm_source=rss_feed Fri, 01 Aug 2025 00:00:15 +0000 Carol Yang Carol Yang President Xi Jinping has stressed the need to advance the “high-quality development” of China’s marine economy, highlighting its growing strategic importance during a high-level economic meeting on Tuesday. He also called for stronger policy support to accelerate the sector’s growth. In this explainer, the Post examines why the marine economy matters to the country's overall economic strategy, where government policy is heading, and which sectors stand to benefit. Why does the marine economy... https://www.scmp.com/economy/china-economy/article/3316669/why-president-xi-jinping-sees-chinas-marine-economy-national-priority?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3316669/why-president-xi-jinping-sees-chinas-marine-economy-national-priority?utm_source=rss_feed Wed, 02 Jul 2025 12:30:13 +0000