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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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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

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5
Illustration: Lau Ka-kuen

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

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18
Illustration: Lau Ka-kuen

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

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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
People walk past Chinese yuan and US dollar symbols in Hong Kong. Former PBOC governor Zhou Xiaochuan says China should seize fresh opportunities to promote the yuan as an international currency. Photo: AFP
Yuan

Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar ebbs

Zhou Xiaochuan, who laid the foundation for China’s currency to go global, says Beijing can capitalise on changes in the international monetary landscape.

China property

As I see it | Helpful analysts predict China property recovery now, soon and much later

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China inflation

China’s factory-gate prices rise for first time in 3 years as Iran war bites

China consumption

Xi Jinping backs services sector to power China’s next growth phase

Beijing is counting on services to rebalance growth as it faces economic headwinds and demographic challenges.

President Xi Jinping chairs a symposium in the Xiong’an New Area, north China’s Hebei province, on March 23. Photo: Xinhua
China consumption

China’s luxury spending seen boosting global sales in 2026 despite headwinds

Affluent Chinese consumers are expected to splurge, though a volatile property market and oil price shocks pose challenges, analysts say.

China property

From ghost to giant: long skyscraper saga nears finish amid China property woes

Once deemed a ‘ghost tower’ and a benchmark of unfinished projects, the 596-metre building’s state-backed revival reflects efforts to rebuild confidence in fragile market.

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China trade

Qiushi reaffirms China’s trade push, calls old export-led growth ‘unsustainable’

Global tensions, weak high-end exports, and record trade surpluses are spurring a strategic shift to boost imports, develop services trade and deepen market integration.

Vehicles await export at a port in China’s Jiangsu province on March 15. A commentary in the latest issue of the Qiushi Journal says the traits of China’s economy render an export-driven growth model “unsustainable”. Photo: AFP
US, Israel war on Iran

Why spike in fertiliser prices could boost China’s political clout

Beijing could see its regional leverage grow as the Iran war hits supply, though weaponisation of exports is unlikely, analysts say.

China travel

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

Global instability fails to deter Chinese holidaymakers with airlines selling 2.04 million tickets in the lead-up to Ching Ming Festival.

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China property

Rising second-hand home sales offer signs China’s property slump is bottoming out

Increased resale activity, driven by first-time buyers and policy support, is fuelling hopes that China’s property market may be stabilising.

In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier. Photo: Getty Images
China’s private sector

Visa-free travel, rising foreign visitors boost luxury hotel growth in China

China’s luxury hotels thrive as visa-free policies drive international tourism, with Shanghai and Beijing seeing significant growth in high-end stays.

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Tourists pose for photos at the Tiantan (Temple of Heaven) Park in Beijing. Photo: Xinhua
China consumption

China consumer firms post strong results but analysts warn recovery may lag

Hong Kong-listed consumer firms report strong results but analysts say the gains reflect structural shifts rather than broad recovery.

China trade

China’s Li pledges economic opening up, touts ‘stability’

Premier Li Qiang said China would further open its economy, including services, as the country addresses concerns about its trade surplus.

China manufacturing

China developing first tourist submersible for trips 1,000 metres under the sea

The Chinese prototype would enter commercial operation offering adventure-seeking holidaymakers spectacular deep-sea experiences by 2030.

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The U-Boat Worx Super Yacht Sub 3. Chinese engineers are now working on a prototype for the first tourist submersible able to venture as deep as 1,000 metres below sea level. Photo: Handout
China manufacturing

AI, flying cars drive economic transition in China’s Kunshan

City at heart of Yangtze River Delta region sees new tech dreams emerge as old ones based on mass production of electronics fade.

illustration by Lau Ka-kuen
China manufacturing

China’s exports are booming – so why are plants in this factory hub closing?

Dongguan reflects a growing polarisation in the Chinese economy, with many factories and workers left behind as hi-tech firms surge ahead.

Hainan

How China’s Hainan reinvented itself as Hong Kong’s rival – and partner

The island province has become a low-tax gateway and is ready to tap Hong Kong’s strengths in finance, research and other sectors, officials say.

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China jobs

Survey shows China’s professionals have high expectations – for low pay

As some Chinese workers switch jobs to boost salaries, many remain pessimistic about pay increases amid economic uncertainty.

Hays found that 51 per cent of professionals in China also received no pay rise in 2025, a sign of wider pressures in the job market. Photo: Shutterstock
Shanghai

Shanghai certifies 30 overseas offices amid China’s investment sales pitch

The city welcomed a batch of new regional headquarters and R&D centres this week, as China continues its campaign to win back overseas capital.

China jobs

China’s youth unemployment falls for sixth consecutive month in February

But young job-hunters say they are still struggling to find work in a testing post-holiday labour market amid rising global economic uncertainty.

China food security

China taps reserves as Iran war disrupts 30% of global fertiliser trade

War in the Middle East is causing global disruption – from oil to agriculture – as countries, including China, enter spring planting season.

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As China and other northern hemisphere countries enter spring planting season, the Food and Agriculture Organization of the United Nations has said war in the Middle East could have a serious impact on global food prices if it continues beyond three months. Photo: Xinhua
China GDP

China’s economy starts 2026 strongly as retail sales, investment rise

Before the Iran energy crisis and latest round of China-US trade talks, retail spending grew 2.8 per cent while fixed-asset investment increased 1.8 per cent.

People shop at a duty-free shopping mall in Sanya, south China’s Hainan province, on December 18, 2025. Photo: Xinhua
US-China trade war

Trade talks, ‘raising lobsters’, tech earnings

This week: US-China trade negotiators ready for talks in Paris, AI agent OpenClaw sweeps China, the ‘two sessions’ ends and exports surge. Next week: Tencent and Alibaba post earnings, retail sales leads data rush, Japan’s Takaichi visits the White House and more.

China consumption

Beijing urged to boost rural pensions as lawmakers fight for farmers’ fair share

Appeals highlight a long-standing lack of benefits for elderly citizens outside cities, and proposals include leveraging state assets and new taxes to bridge the vast disparity.

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China economy

Editorial | China’s ‘two sessions’ passes smoothly despite global turmoil

As long as China focuses on economic development, Hong Kong can leverage its unique strengths to seize opportunities.

Delegates chat after the second plenary meeting of the Fourth Session of the 14th National People’s Congress in Beijing on March 9. Photo: EPA
China economy

Opinion | More abundance, less prosperity: why 2 Chinas are emerging

China’s 15th five-year plan doubles down on investing in technology at the expense of household wealth.

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Illustration: Craig Stephens
Hong Kong economy

Opinion | Why China’s economic reset is a credibility test for Hong Kong

As China rewrites the growth playbook, Hong Kong must show it can anchor the offshore financing and price discovery this reset requires.

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Two Sessions 2026

What 2 new laws at ‘two sessions’ mean for China’s financial superpower push

Two new laws may prove wide-ranging, spanning yuan’s global status to green finance and turning ambition into codified rules, analyst says.

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