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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.
Chinese biotech firms set to crack the global market within a decade, according to industry experts. Photo: Getty Images
China manufacturing

‘Major breakthroughs’: Chinese biotech firms plan global expansions

Strong manufacturing base a driving force behind overseas expansion, but industry leaders and analysts say hurdles remain.

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Hong Kong economy

Opinion | How Hong Kong became the trusted bridgehead for China firms going out

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US-China trade war

US seeks ‘constructive’ reset with China as trade tensions ease: Greer

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US-China relations

China heads into 2026 with economic strains, uneasy US rivalry: Asia Society

Report says Beijing must juggle control and growth as debt, demographics and US tech tensions shape the year ahead.

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The Great Hall of the People in Beijing. Photo: Reuters
China-Latin America relations

China pledges aid to Latin America, Caribbean with no ‘political conditions’

Third strategy paper of its kind released as Beijing seeks to expand its influence in a region Washington actively courts.

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Banking & finance

China’s sovereign fund reveals it opened London office after Trump win

China Investment Corporation opened its third offshore office in London in December 2024, joining outposts in Hong Kong and New York.

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China's space programme

China launches satellite ‘super factory’ in bid to rival Elon Musk’s Starlink

The facility features a ‘factory-to-launch’ pipeline, expected to make it faster and cheaper to build low Earth orbit constellations.

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China’s first comprehensive factory dedicated to the assembly, testing and reuse of carrier rockets, in south China’s coastal city of Wenchang. Photo: People’s Daily
China inflation

China’s economy can probably ride out storms in 2026

Policymakers meeting in Beijing this week will probably see few reasons for new stimulus measures after China’s economy largely weathered the US trade war.

China GDP

IMF raises China growth forecast to 5% for 2025, citing resilience

The assessment is up from October’s forecast, with the fund citing government stimulus and lower tariffs as drivers.

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China consumption

China’s consumer prices rise at fastest pace in nearly 2 years in November

Consumer price index rises by 0.7 per cent for the month, while factory-gate prices continue long decline.

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Customers shop at a store in Beijing on October 19. Photo: Reuters
China trade

‘Toothpaste without China’? EU firms must stop Beijing, US overreliance: report

European Union Chamber of Commerce in China urges companies to “eliminate single-source dependencies”.

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A China-Europe freight train leaves the Xian international port station in Shaanxi province on November 17. Photo: Xinhua
China GDP

China’s powerhouse province targets doubling GDP by 2035 – but can it deliver?

Southern province in Greater Bay Area has fallen short of national average since 2021, but new proposals pin hope on hi-tech industries.

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US-China trade war

US-China tech thaw? Trump clears Nvidia H200 exports – why it matters

It’s a ‘sliding scale’ strategy, analysts say of Trump’s U-turn – preserve American market share while dampening Beijing’s self-reliance push.

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Semiconductors

China’s AI developers to welcome Nvidia’s H200 chip shipments, analysts say

Nvidia faces stronger domestic competition from the likes of Huawei, Cambricon, Moore Threads and MetaX.

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Nvidia’s H200 chips are expected to be in demand in China after Washington approved shipments to the country. Photo: Shutterstock
China manufacturing

‘China threat’ narrative a ‘complete mislabelling’, economist Jin Keyu says

At a recent summit, the economist said China has been a ‘benefactor’ by lowering the cost of technology for developing economies.

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Economist Jin Keyu at a 2023 Ted Talk. Photo: Handout
China-Japan relations

‘We’ve been careful’: Japanese firms in China stay calm amid political storm

Japanese businesses in China are under pressure amid a diplomatic row over Taiwan, but they have dealt with political tensions for years.

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Consumers

China’s cautious shoppers continue to challenge consumer brands

Makers of fast-moving goods must look to lower-tier cities for growth as deflation persists, Bain & Co and Kantar Worldpanel say.

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China's economic recovery

Explaining the key points from China’s Politburo December meeting

SCMP Plus annotates an official report of the monthly meeting of China’s Politburo, which focused on the economic work needed in 2026, including stepped up efforts to boost domestic demand and cope with trade ‘turbulence’.

Explaining the key points from China’s Politburo December meeting
China manufacturing

Are US, EU and Japan banking on defence spending for an economic boost?

As advanced economies ramp up military expenditures, they have multiple goals - including a reduced reliance on China in defence supply chains.

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Artificial intelligence

AI spending helps save global economy under threat of trade war, IMF director says

AI investment, especially in the US, helped mute the impacts of increased tariffs, Jihad Azour says at Abu Dhabi Finance Week.

China-EU relations

China leans on German carmakers to help break Brussels tariff deadlock

Commerce vice-minister urges German industry leaders to leverage their clout to push the European Commission towards a compromise on the anti-subsidy probe.

Labourers work on an assembly line at a factory in Chongqing, China, in May. Beijing has pressed German carmakers to help resolve disputes over the European Union’s anti-subsidy tariffs on Chinese electric vehicles. Photo: EPA-EFE
China's economic recovery

China warns internet platforms not to shift tax burden onto gig workers

Celebrities and high-profile influencers also under scrutiny, with regulators pursuing hundreds of such cases in recent years.

The gig workforce in China includes food delivery drivers, an industry known for its intense demands. Photo: Getty Images
China stock market

New China guidelines to base asset managers’ pay on the performance of funds

The China Securities Regulatory Commission seeks a performance-based salary mechanism at the country’s 160 mutual fund houses.

China trade

Chinese minister calls for more opening-up as key planning meeting looms

Commerce Minister Wang Wentao’s remarks echo similar calls by other senior officials ahead of annual central economic work conference.

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China-EU relations

Macron’s trade ultimatum to China goes public: fix surplus or face tariffs

French president says EU could copy American protectionism, warning that a lopsided flow of goods results in China ‘effectively killing their own customers’.

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President Xi Jinping and French President Emmanuel Macron are seen here at a Unesco World Heritage site in Dujiangyan, Sichuan province, on Friday. Photo: AFP
China's economic recovery

China’s Politburo pledges action to tackle trade ‘struggles’ in 2026

Analysts said the decision-making body’s phrasing on the international trade environment suggests a cautious stance next year despite US truce.

President Xi Jinping presided over a meeting of the Politburo of China’s Communist Party, held in advance of the annual central economic work conference. Photo: Xinhua
Made in China 2025

Exclusive | China’s oldest shipyard Jiangnan plans world’s first nuclear-powered vessel

Construction on 25,000-container ship could start in the next 10 years, but a lot remains to be done, a top executive says.

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China jobs

Open Questions | Economist Huang Yiping on why China’s AI push must be ‘job-oriented’

Dean of Peking University’s National School of Development says ‘balance’ needed in AI development to protect employment, ‘human well-being’.

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