Topic
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.
Even after its first foreign investment deficit, China remains an attractive market for many firms, but bureaucrats need to do more to attract business.
As China’s economy faces increasing headwinds, it is becoming difficult to justify a massive bureaucratic system.
Foreign businesses in China are concerned about crossing ‘red lines’, so the onus is on the central government to clearly explain the dos and don’ts.
China is all the poorer for the death of the ‘people’s premier’ Li Keqiang, who always showed his caring side even as he steered the nation through some of its most difficult moments.
Why a downsized People’s Bank of China reflects major shifts in the nation’s financial governance strategy.
- Premier Li Qiang spoke during the opening ceremony of the inaugural China International Supply Chain Expo on Tuesday in Beijing
- He said that China is willing to build closer production and industrial supply chain partnerships with all countries
Major banks may need to set aside US$89 billion next year for bad real estate debt, or 21 per cent of estimated pre-provisions profits, which has lenders weighing lower growth targets and job cuts, bankers say.
From domestic players to foreign firms, a ‘lack of consistent rules’ governing China’s market is holding back its potential, warns prominent economist Zheng Yongnian.
Private investment in China remained in contraction in the first 10 months of the year, with prominent economist Teng Tai saying new guiding theories are sorely needed.
The Conference Board think tank’s twice-yearly survey finds that confidence among dozens of polled CEOs has taken a big hit while Beijing struggles to stimulate the market and lure investors.
In an annual ranking of English skills, mainland China had a precipitous fall, a sign the language is a lower priority among learners as relations with the West worsen and recent reforms limit schoolwork.
Zhu Hexin’s political pedigree is a bit different than some of his predecessors, starting with a factory job and working his way to the upper echelon of Chinese finance.
Banks have been given some wriggle room to choose who they lend their money to and are likely to prefer larger, state-owned developers, rather than their cash-strapped, privately owned peers, analysts said.
China’s financial regulators say they will make it easier to obtain loans and financing for hi-tech manufacturing, specialised corporations and small and medium-sized tech enterprises.
Analysts expressed optimism in China’s ability to woo foreign investors after a downturn in confidence, welcome news for policymakers who have been keen to court overseas capital back.
Hong Kong’s shop rents are tipped to record one of the biggest increments in the Asia-Pacific region from next year until 2028, according to US-based asset manager PGIM Real Estate.
Ex-Chongqing mayor Huang Qifan says China’s underinvestment in original innovation, as well as a services trade deficit, should be addressed.
Known for his critical assessments of China’s economy, Yu says there is ‘very big room’ for more expansionary fiscal policies, and time is of the essence in adopting them – or bigger risks could emerge.
Premier Li Qiang presided over a meeting of the Central Financial Commission as director and laid out the immediate trajectory of the commission’s work.
A much-anticipated return of travel inflows to China has not materialised as quickly as hoped, but resumption of direct routes – particularly from the US – should lead to more encouraging numbers in 2024.
Mainland China’s commerce hub is adding a new dimension to its efforts to develop its appeal as an international tourist destination – organising world-class artistic performances to attract opera lovers and musical aficionados.
Developers are offering sweeteners such as delayed down payments, discounts and free parking spaces to home buyers in Shanghai in an attempt to spur demand in the face of slumping sales.
Chinese leader’s words to party members in an internal speech given earlier this year have been revealed.
During a three-day tour of China’s northeast, a former centre of industry, Premier Li Qiang has placed seemingly deliberate focus on the country’s continuing efforts to break through bottlenecks.
President Xi Jinping told the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Thursday that China would ‘strive to tear down barriers’ amid efforts to attract foreign investors.
When China’s post-lockdown recovery began, financial institutions were bullish on the country’s growth prospects. In the months since, those institutions have had to repeatedly return to the drawing board.
The company has also put on hold its listing plan for supermarket chain Freshippo, a decision that it announced along with its latest quarterly earnings.
China’s retail sales rose in October, year on year, but real estate investment fell again in the first 10 months of the year, with the mixed economic data pointing to an uneven and precarious recovery.
China recorded 5.69 million marriages in the first three quarters, with the trend set to push the annual total above 7 million and end a run of nine consecutive years of decline.
China’s retail sales and industrial output exceeded expectations in October, but investments disappointed and the property sector remained a weak link, with policies set to remain supportive.
Accounting firms and auditors look to come under greater scrutiny as Beijing tightens its grip on data security and management, and further industry-specific laws and regulations are expected.
It remains to be seen how much power the two-month-old division will wield as policymakers have failed to counteract the nation’s sluggish economic recovery and ongoing property crisis this year.
