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TOPIC

China's economic recovery

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China's economic recovery
This topic charts China's economic recovery as it, in 2023, enters an era of slower growth, along with an ageing and shrinking workforce, weak consumer demand and a property market downturn.
Open Questions series

Zheng Yongnian on what US’ ‘neocolonialism’, Venezuela operation mean for China

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Illustration: Victor Sanjinez

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

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Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

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Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

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Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

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Illustration: Henry Wong

Scholar Jing Qian on right-sizing China’s economy in the age of Trump

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40
Illustration: Lau Ka-kuen

Zheng Yongnian on what US’ ‘neocolonialism’, Venezuela operation mean for China

videocam
15
Illustration: Victor Sanjinez

Liu Qian on Chinese innovation, the US rivalry and women holding up half the sky

7
Illustration: Victor Sanjinez Garcia

Fuchsia Dunlop tells how she fell for China’s cuisine and names her perfect dish

videocam
5
Illustration: Lau Ka-kuen

80 years on from WWII, China’s interests lie in peaceful Asia-Pacific: Mitter

videocam
18
Illustration: Lau Ka-kuen

‘Delusional’: Jeffrey Sachs on why Western hegemony has ended

videocam
93
Illustration: Henry Wong

Scholar Jing Qian on right-sizing China’s economy in the age of Trump

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40
Illustration: Lau Ka-kuen
MORE FROM THIS SERIES
A lion dance troupe performs for tourists during the Chinese New Year celebrations in Bangkok, Thailand. Photo: EPA
China travel

Why China’s travellers spent little, despite rise in Chinese New Year trips

The country logged a record 596 million domestic trips over the extended holiday, but consumers are still reluctant to loosen their purse strings.

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China manufacturing

A boat in every dock? Chinese billionaire unveils plan for mass yacht production

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China consumption

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

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China technology

Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse: mayor

Leading in R&D density, AI innovation and start-up cultivation, Shenzhen is building a full-stack AI ecosystem, according to the mayor’s annual work report.

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A humanoid robot prepares a drink at a coffee kiosk in Shenzhen on January 28. Photo: Getty Images
China consumption

Ne Zha 2 hangover? China’s Lunar New Year box office plunges to 6-year low

China’s holiday box office fell nearly 40 per cent year on year as studios failed to find a breakout hit to match last year’s Ne Zha 2.

China consumption

China’s weak consumption gets Lunar New Year boost

An 8.6 per cent increase in Lunar New Year spending is a rare bright spot in Chinese efforts to bolster domestic demand.

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China consumption

Boom or bust? China’s Lunar New Year spending data is in – here is what we know

Initial figures show record travel, shifting spending patterns and a weak box office.

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Customers choose mobile phones at a consumer electronics store in Zaozhuang, east China’s Shandong province, on Saturday. Local authorities rolled out a series of stimulus programmes and policies to help boost consumer spending during the holiday. Photo: Xinhua
China education

China’s vocational degrees rising as students seek skills over prestige

Job-placement rates for vocational undergraduate colleges now outpace traditional universities, as youth unemployment drives pivot to more reliable employment path.

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China consumption

China targets foreign tourists for Lunar New Year ‘consumption feast’

Beijing sees huge untapped potential in spending by inbound travellers as it strives to drive up demand over the crucial nine-day holiday.

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China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

China’s furnishing malaise is couched in weaker property demand and a brutal race to the bottom on prices. Photo: Reuters
China jobs

Year-end bonuses shrink in China amid slowing growth, report finds

As China heads into the Year of the Horse, its firms’ bonuses have slowed to a trot, with many employees missing out completely.

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People walk on The Bund in Shanghai on October 3, 2024. Photo: Shutterstock
China consumption

China’s Xi prioritises ‘AI-plus’ and consumer spending to counter economic risks

Previously unreleased comments by Xi urge income growth and tech breakthroughs, potentially setting stage for measures ahead of March’s parliamentary meetings.

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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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China property

Green shoots for China property? Maybe – but the turnaround’s still shaky

Home-price declines eased in January and policy support is building, but analysts warn oversupply continues to cloud the outlook.

New and existing home prices across 70 major mainland cities fell at a slower pace month on month in January, according to data released by the National Bureau of Statistics. Photo: AFP
China consumption

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

Gold is becoming more popular in China ahead of the Lunar New Year, with households viewing the asset as a safety net amid an uncertain economy.

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Decorative items made of gold are displayed at a jewellery store in Beijing on January 28. Photo: EPA-EFE
Pop Mart

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

As Labubu’s meteoric rise cools, Molly’s longevity highlights the challenge Pop Mart faces in turning hype into stable intellectual property.

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China debt

As Chinese provinces slash revenue outlook, analysts warn of debt control

Local governments seen curbing infrastructure spending as Beijing’s fiscal discipline pushes regions to prioritise social services and tech over large projects.

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China consumption

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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For China’s consumer price index (CPI) basket, Beijing has increased the weight of transport and communications to 14.3 per cent in its latest five-year adjustment. Photo: Getty Images
China property

No floor yet: China home prices keep falling despite policy support

Monthly declines narrowed in January, yet worsening year-on-year prices suggest housing pressures persist.

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China's population

Glimmer of hope? Why China’s marriage uptick could spark 2026 birth rebound

Double-digit jump in registration rate, boosted by policy and cultural tradition, offers modest upturn, but demographers are wary of weak fertility intentions.

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Infrastructure

How AI, delivery drones helped China cut logistics costs to a new low

Beijing brings per unit costs to lowest level on record – though outlays still remain well above levels in most developed economies.

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An unmanned food delivery drone is pictured in Shenzhen, south China’s Guangdong province, on November 24, 2023. Photo: Xinhua
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.

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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 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.

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’s gold insiders have vowed major industry advancements over the coming five years. Photo: Shutterstock
China GDP

China’s financial powerhouse Shanghai aims for 5% growth, ‘global influence’

Chinese megacity ranks in the world’s five most powerful metros after New York, Tokyo and Los Angeles, with a GDP of 5.67 trillion yuan.

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People walk at the Bund by the Huangpu river with skyscrapers of the Lujiazui financial district in the background, in Shanghai. Photo: Reuters
China's population

China’s brain gain: overseas grads plug into domestic frontiers, powering future

Record jump in returnees seen reflecting confidence in some domestic opportunities, particularly in areas such as AI, advanced manufacturing.

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Banking & finance

China pushes to shore up government finances with tax rises on several sectors

Beijing targets tax incentives in telecoms and other industries after seeing fiscal revenue drop sharply in late 2025.

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