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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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5
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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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

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
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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
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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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China’s gold insiders have vowed major industry advancements over the coming five years. Photo: Shutterstock
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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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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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China has raised taxes on telecoms giants including China Telecom as part of a push to shore up government finances. Photo: Shutterstock
China economy

Opinion | Why China’s persistently low inflation is not all bad news

For investors and policymakers, the key takeaway is what that outcome shows about the economy’s capacity to absorb shocks while rebalancing.

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China’s visa-free waivers spark Korean travel boom, underpin tourism revival

Shanghai bookings surge as visitors flock to cosmopolitan streets and affordable dining, with analysts predicting the trend will spread inland.

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China manufacturing

China’s factory activity contracts in January on weak domestic demand

The official purchasing managers’ index drops to 49.3 in January, from 50.1 in December.

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Historic shift? Why Guangdong could lose its status as China’s No 1 economy

Guangdong has been China’s biggest regional economy for nearly four decades. But its crown is now slipping as the eastern Jiangsu catches up fast.

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Guangdong province is heavily reliant on the megacity of Shenzhen to drive economic growth. Photo: Getty Images
A-shares

China seeks ‘slow bull’ rally

Chinese policymakers intervene in stock markets to ease downturns and cool booms in a bid to stabilise the finance sector and prevent bubbles.

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Open Questions | Lawrence Lau’s recipe for China? More school, higher pay

Economist on how China can improve its workforce, why it needs more basic research and the benefits a unified market in the Greater Bay Area would bring.

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United States

‘Not healthy’: US ambassador warns against China’s manufacturing dominance

US envoy David Perdue voices concerns over China’s manufacturing power, urging fair, reciprocal trade to benefit global economies.

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David Perdue testifies at his Senate confirmation hearing for US ambassador to China in Washington in April 2025. Photo: AFP
US-China relations

Do Americans think China will overtake the US? The results are in

Washington think tank takes the public’s temperature on global power and influence.

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China’s biggest advantage over the US is technology, according to a poll of Americans. Photo: Shutterstock
China jobs

With AI in the driving seat, China moves to rein in job displacement risks

China’s central government unveils plans for policy to reduce industrial labour pains caused by widespread use of artificial intelligence.

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Tale of 2 megacities: how did Beijing, Shanghai GDPs surpass 5 trillion yuan?

China’s two largest cities are outpacing national growth rates, each generating gross domestic products equal to a small European country.

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Luxury in China

As LVMH returns to growth, is the slump in China’s luxury market finally over?

LVMH saw its sales in China rise in the second half of 2025, as the vast Chinese luxury market shows signs of recovery.

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Two shoppers view the handbags they just bought at a Louis Vuitton store in Shanghai. China’s luxury market is showing signs of recovery after a sharp decline in sales in 2024. Photo: Getty Images
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Is China about to end its after-school tutoring ban? A huge fine suggests not

Speculation was growing that Beijing would relax a ban on for-profit tutoring to boost the economy. Then a firm was hit with a US$9.7 million penalty.

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China consumption

China’s consumer spending push faces major challenge – debt-averse households

Beijing has renewed its focus on boosting domestic demand in recent months, but households are cutting debt at fastest pace in years.

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Transport and logistics

China tightens rail approvals as Xi warns on waste and ‘operational’ trouble

Intercity lines face stricter break-even rules, as the central government cracks down on ‘back-door’ metro projects and looks to curb redundant infrastructure spending.

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4
Workers lay track at a construction site in China’s Jiangsu province. Photo: Getty Images
China GDP

China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

Guangdong province, an industrial behemoth hit by property and global headwinds, shifts focus in a strategic pivot amid national reforms.

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Employees work on a production line for an electric flying car at a factory in Guangzhou, Guangdong province, on November 6. Photo: AFP
China trade

Beyond borders: Beijing equips Chinese firms for global stage amid trade jitters

Ministry of Commerce unveils new resource to help companies navigate the dos and don’ts of complex international markets, and policies will be rolled out appropriately.

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China's population

‘Loneliness economy’: how China is adapting to a rapid rise in solo living

The viral success of check-in app Are You Dead? has exposed the vast demand for services catering to China’s rapidly growing single population.

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China may cut GDP goal, Trump at Davos, Starmer visit

This week: China may lower its economic growth target, Trump shakes up Davos, Chinese births hit record low. Next week: British Prime Minister Keir Starmer visits China, EU likely to mandate technology transfers, last giant pandas leave Japan, and more.

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Exclusive | China to set GDP growth range, providing policy flexibility in 2026: sources

Establishing a range for the official growth target, to be revealed in March, would suggest tolerance for some deceleration amid challenges.

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Workers grind a pipe on an offshore oil and gas platform in Tianjin’s Binhai New Area on Monday. Photo: Xinhua
World Economic Forum (WEF) in Davos

‘No choice’: China seen eyeing consumption as a route out of export reliance

Beijing’s policies seen putting income growth above GDP, with investments in social welfare, future tech and advanced manufacturing to spur internal demand.

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China trade

China should leverage buying power to boost yuan’s use, former PBOC adviser says

With the yuan’s fixing at fresh 2023 highs and US dollar uncertainty rising under Trump, Beijing is urged to expand yuan-settled imports to internationalise its currency.

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