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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
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A humanoid robot is pictured, with a big AI logo on the ceiling, at the 2025 Global Industrial Internet Conference in China’s Liaoning province on September 6. Photo: Xinhua
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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 gold rush: why families are doubling down on precious metals

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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
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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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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
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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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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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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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Brand prestige fades in importance as consumers favour festival-themed toys, playful designs and pet items.

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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
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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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People walk at the Bund by the Huangpu river with skyscrapers of the Lujiazui financial district in the background, in Shanghai. Photo: Reuters
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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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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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A girl selecting snacks in a shop in Mengzi city in southwestern China’s Yunnan province on October 15. Photo: Xinhua
China travel

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

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China jobs

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

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Employees work on a Neolix X3 vehicle production line at a factory of Chinese autonomous delivery vehicle maker Neolix in Yancheng, in eastern China’s Jiangsu province. Photo: AFP
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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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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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