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China consumption

China consumption
The latest news, analysis and opinion on China consumption. In-depth analysis, industry insights and expert opinion.
Moviegoers walked past posters for 2025 blockbusters Ne Zha 2 and Captain America: Brave New World at a cinema in Tsim Sha Tsui, Hong Kong. Photo: SCMP
Asian cinema: Chinese films

China’s Spring Festival box office faces plot twist after 2025 smashed records

Home-grown films lead the charge but fail to meet the phenomenal success of last year’s Ne Zha 2, which attracted record-breaking crowds.

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Mainland China

China’s gold rush: why families are doubling down on precious metals

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Pop Mart

Pop Mart balances boom and bust: can Labubu’s leap match Molly’s momentum?

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Meituan

Meituan warns of US$3.5 billion loss amid intense food delivery price war

Food delivery giant expects losses to continue into at least the first quarter of 2026 ‘due to ongoing competition’.

A Meituan drone for food delivery takes off from a drone delivery camp near Shenzhen Bay Park. Photo: VCG/VCG via Getty Images
China's economic recovery

China overhauls CPI basket, with never-before-seen unveiling of its composition

Beijing’s five-year recalibration aims to better reflect consumption, as policymakers shift weight away from food and housing.

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US-China relations

Open Questions | AmCham chairman urges more US-China talks, fewer tariffs

James Zimmerman on US businesses’ desire for stable bilateral relations and fair treatment by China, and why Hong Kong autonomy matters.

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Mainland China

Time on happy hour as French wine and spirit sales sour in mainland China, US

French alcohol exports to mainland China and the US dropped by 19.5 and 21 per cent in 2025 as tariffs stifled global trade.

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US tariffs hit French wine and spirits shipments hard last year, playing a major role in the overall drop of 8 per cent in value of one of France’s top exports, according to a trade body. Meanwhile, exports to the US slumped by 21 percent. Photo: AFP
China deflation

China’s consumer price growth cools as inflation outlook remains unclear

Consumer price index rose for a fourth straight month in January, though the increase fell short of market expectations.

Yuan

China keen to realise ambitions for digital currency amid slow uptake

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, analysts say.

China travel

China’s cruise industry passes major milestone as Beijing eyes travel boom

As domestic liner handles 1 millionth passenger, Beijing says it aims to turn yachts and cruise ships into major new consumption drivers.

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The Adora Magic City is the first Chinese-made large cruise ship. Photo: Getty Images
Food and agriculture

China failed to hit 2025 soybean meal dependence target. US deal makes it harder

Beijing sees soybeans as the agricultural industry’s biggest vulnerability, while plans to cut their use in animal feed have little success.

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Austin Rohlfing harvests soybeans on his family’s field in Missouri. China is putting strategies in place to reduce its reliance on soybean in animal feed as 80 per cent is sourced from overseas, mostly the US and Brazil. Photo: AP
China GDP

China’s future growth rate could drop to 2.5% without market reforms: economist

China will struggle to keep growth above 4 per cent unless there is a ‘strong turnaround’ in productivity and consumer spending, economist warns.

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China’s private sector

China’s Year of the Horse shoppers let emotional satisfaction take the reins

Brand prestige fades in importance as consumers favour festival-themed toys, playful designs and pet items.

China’s private sector

China raises taxes on select sectors: a one-off fix or tough times ahead?

A broader push to raise taxes across the private sector is not on the cards, economists say.

China’s three state-owned telecoms giants – China Mobile, China Unicom and China Telecom – have all announced the tax adjustments will have an impact on their revenues and profits. Photo: AP
China economy

Opinion | Why China’s persistently low inflation is not all bad news

For investors and policymakers, the key takeaway is what that outcome shows about the economy’s capacity to absorb shocks while rebalancing.

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A girl selecting snacks in a shop in Mengzi city in southwestern China’s Yunnan province on October 15. Photo: Xinhua
Sweden

Multinationals race into China’s US$143.9 billion instant retail market

Ikea, Continental and Aldi Nord enlist local partners to launch faster, more comprehensive delivery services than they offer abroad.

China manufacturing

China’s factory activity contracts in January on weak domestic demand

The official purchasing managers’ index drops to 49.3 in January, from 50.1 in December.

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China property

Hang Lung flags ‘tough slog’ for property, looks to mainland malls for growth

Hong Kong developer says property segment recovery will be slow, but sees mainland retail and consumption offering the clearest upside.

Hong Kong developer Hang Lung is pinning its hopes on an uptick in mainland consumption. Photo: AFP
Wine and Spirits

How changing tastes in China are hitting Australia’s wine exports

Younger consumers’ preference for healthier, low-alcohol beverages has contributed to shrinking of Chinese market.

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China GDP

Tale of 2 megacities: how did Beijing, Shanghai GDPs surpass 5 trillion yuan?

China’s two largest cities are outpacing national growth rates, each generating gross domestic products equal to a small European country.

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Luxury in China

As LVMH returns to growth, is the slump in China’s luxury market finally over?

LVMH saw its sales in China rise in the second half of 2025, as the vast Chinese luxury market shows signs of recovery.

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Two shoppers view the handbags they just bought at a Louis Vuitton store in Shanghai. China’s luxury market is showing signs of recovery after a sharp decline in sales in 2024. Photo: Getty Images
China jobs

Is China about to end its after-school tutoring ban? A huge fine suggests not

Speculation was growing that Beijing would relax a ban on for-profit tutoring to boost the economy. Then a firm was hit with a US$9.7 million penalty.

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China banned for-profit academic tutoring in 2021 as part of a wider “double reduction” policy aimed at reducing the pressure on students. Photo: Shutterstock
China debt

China’s consumer spending push faces major challenge – debt-averse households

Beijing has renewed its focus on boosting domestic demand in recent months, but households are cutting debt at fastest pace in years.

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China's economic recovery

China tightens rail approvals as Xi warns on waste and ‘operational’ trouble

Intercity lines face stricter break-even rules, as the central government cracks down on ‘back-door’ metro projects and looks to curb redundant infrastructure spending.

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China's economic recovery

China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

Guangdong province, an industrial behemoth hit by property and global headwinds, shifts focus in a strategic pivot amid national reforms.

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Employees work on a production line for an electric flying car at a factory in Guangzhou, Guangdong province, on November 6. Photo: AFP
Mainland China

China needs silver and young spenders, plus policy support, for growth: HSBC

Longest Lunar New Year holiday ever will provide a tailwind, but growth could falter without more supportive measures, analysts say.

People view Pop Mart’s Labubu products at the 2025 China International Fair for Trade in Services in Beijing on September 12, 2025. Photo: Xinhua
China's population

‘Loneliness economy’: how China is adapting to a rapid rise in solo living

The viral success of check-in app Are You Dead? has exposed the vast demand for services catering to China’s rapidly growing single population.

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China GDP

China may cut GDP goal, Trump at Davos, Starmer visit

This week: China may lower its economic growth target, Trump shakes up Davos, Chinese births hit record low. Next week: British Prime Minister Keir Starmer visits China, EU likely to mandate technology transfers, last giant pandas leave Japan, and more.

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