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China economy

China economy
Breaking 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.
Actors wait on the set of a micro drama during a filming session at a banquet hall in Zhengzhou, Henan province, on July 16, 2024. Photo: Reuters
China jobs

As jobs dry up, China’s graduates turn to booming ‘micro drama’ industry

The bite-sized series now rival box office hits in popularity – and with that success comes opportunity.

China trade

Opinion | Why the US really fears Chinese ‘overcapacity’

China GDP

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

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Electric & new energy vehicles

AutoFlight unveils world’s largest flying car as China races to lead the skies

CATL-backed AutoFlight debuts Matrix, targeting global expansion, as Beijing moves to set standards for domestic eVTOL makers and operators.

AutoFlight describes eVTOL aircraft Matrix as the largest of its kind in the world. Photo: Handout
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.

Banking & finance

As China intensifies offshore tax hunt, exporters struggle with compliance

Beijing leverages big data and global info exchange to chase undeclared overseas wealth, with fiscal needs seen driving the push, forcing compliance across sectors.

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China-EU relations

Chinese sports brands set sights on European expansion at 2026 Winter Olympics

The Games have become a test case for firms seeking to raise their global profile, highlighting rising ambitions and challenges.

A model presents for Chinese brand Li Ning during the fashion week in Milan on January 16. Photo: Xinhua
Consumers

How Chinese consumers’ changing demands are keeping KFC’s owner on its toes

Yum China CEO Joey Wat banks on fast-food firm’s flexible store format and cheaper products to attract more Chinese consumers.

China trade

As Beijing and Moscow tout ties, China’s companies keep Ukraine’s lights on

Ukrainians are buying Chinese batteries and emergency items en masse after Russian strikes, with Beijing’s ties to Moscow no damper on trade.

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China trade

UK, China boost financial ties, deepen London’s role as offshore yuan hub

New pact designates a new yuan clearing bank, boosts cross-listings and expands green finance, accelerating the international use of China’s currency.

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British Prime Minister Keir Starmer visited Yuyuan Garden in Shanghai, China, last Friday. Photo: Reuters
China trade

China-Canada canola deal faces test as USMCA trade talks loom, insiders warn

Initial shipments bring hope, but ‘Fortress North America’ threat and lack of long-term guarantees leave producers wary of Beijing’s commitment.

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Bottles of Canola Harvest brand canola oil, made by a Canadian agribusiness firm, are seen on the shelf of a grocery store in Beijing. Photo: AP
China-EU relations

Stung by Trump’s policies, German multinationals cautiously pivot towards China

German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.

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IPO

China’s biggest pork producer Muyuan flat in Hong Kong share debut

Firm’s US$1.4 billion IPO records lower oversubscription rate than other recent listings, reflecting a cooling of the red-hot market.

Belt and Road Initiative

Trump wants China out of South America – but Peru’s Beijing-backed port is abuzz

Beijing’s hunger for minerals and raw materials is pushing trade in the region to record levels, even after incidents in Panama and Venezuela.

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A container is lifted by a crane at the Chinese-funded Chancay port in Peru, on October 29, 2024. Photo: AP
US-China trade war

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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US Treasury Secretary Scott Bessent during a Senate Banking Committee hearing on Thursday. Photo: Reuters
Transport and logistics

Panama’s ‘dangerous precedent’: why ports appear pawns as politics top contracts

Panama’s move to void CK Hutchison’s deal fuels fears of broader asset seizures, with analysts warning of rising risks for Chinese operators in the US sphere.

Banking & finance

China’s new golden rule: dig deeper mines, boost reserves and hedge global risks

China Gold Association vows tech breakthroughs in deep mining and nanogold, and a state-owned miner seeks a fourfold increase in gold output from mineral deposits.

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China energy security

China’s clean power energising economy, adding a Brazil’s worth of GDP: report

Clean energy industries drove more than one-third of China’s economic growth in 2025, as they continue to expand rapidly, study finds.

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Workers check solar panels installed on a lake in China’s central Anhui province. Photo: AFP
Consumers

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

China-EU relations

‘Discriminatory’: China slams EU probe into wind turbine maker Goldwind

Brussels’ ‘abuse of investigations’ is harming China-EU cooperation and slowing Europe’s green transition, Beijing warns.

US-China trade war

Canada’s former deputy PM hopes for less economic dependency on China in future

Canada’s former deputy prime minister supports economic system ‘in which China works’ but other countries’ vulnerabilities are limited.

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Chrystia Freeland, who served as Canada’s deputy prime minister, says countries must be careful about whom they build economic dependencies on. Photo: The Canadian Press via AP
US-China trade war

US pitches critical minerals plan to allies to halt Beijing’s dominance

More than 50 countries encouraged to back US-led framework using price floors and financing to blunt Beijing’s control of hi-tech materials.

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United States Vice-President J.D. Vance has proposed creating a new critical mineral trading bloc and coordinating pricing floors as Washington tries to loosen China’s control over rare earth mineral manufacturing. Photo: Reuters
China trade

China’s outbound investment surges to 7-year high amid data centre, energy boom

Chinese investment is increasingly focusing on energy and raw materials projects in low and middle-income regions, report finds.

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China airliners

New brainer: China’s C929 widebody lands partner to power next-gen flight mind

After Comac secures core flight-system supplier for its widebody jet’s ‘brain’, sourcing the ‘heart’ of the C929 remains a lofty challenge.

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China food security

China signals strong soybean imports – what does it mean for food security?

Beijing also vows broader agricultural opening while safeguarding domestic production and farmers.

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China has committed to buying at least 25 million tonnes of US soybeans annually through 2028, according to Washington. Photo: Reuters
China property

Opinion | China’s real estate rethink can help end developers’ debt addiction

The future of Chinese property looks to be smaller and more rational, with a market defined by real estate’s worth rather than volume.

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A woman walks near residential buildings in Beijing, China, on January 19. Photo: EPA
Asia-Pacific Economic Cooperation

Xi’s Apec playbook? How China could use new chair role at ‘pivotal juncture’

Hosting the bloc for just the third time in 25 years, China is promoting people-centred policies, infrastructure funding and predictability.

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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.

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