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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
A newlywed couple takes a selfie with their marriage certificates at a marriage registration office in China’s northern Henan province. Photo: Getty Images
China's population

China’s marriage numbers plunge to Covid-era low as population woes deepen

Fewer than 1.7 million couples tied the knot in the first quarter, the lowest total for the same period since lockdown-dominated 2020.

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China inflation

China’s producer, consumer inflation up in April as Iran war pressures persist

China economy

Opinion | Can China engineer a price recovery that doesn’t make people feel poorer?

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Banking & finance

Wall Street giants lead China-profit surge despite market polarisation

Major investment banks expand market share in China, with Goldman reclaiming the revenue lead while Shengang keeps its asset crown.

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People walk along Wall Street near the New York Stock Exchange. Photo: Reuters
China travel

China’s record travel volume meets cautious spending in May Day holiday surge

Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending.

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China's population

‘It’s a new crowd’: how Shanghai’s expat population is recovering – and changing

Four years ago, Shanghai’s draconian lockdown sparked an exodus of foreigners. Now, there are signs the city’s expat community is slowly bouncing back.

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China consumption

Shenzhen’s economic dilemma: soaring GDP, stagnant consumption

Shenzhen’s retail sales barely rose in the first quarter despite strong GDP growth, a sign of the Chinese tech hub’s unbalanced development.

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People shop at CoCo Park in Shenzhen last month. Photo: Edmond So
China consumption

China’s ‘common prosperity’ push faces reality check as inequality rises: study

A leading economist warns widening income and wealth gaps are constraining Beijing’s agenda.

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Mainland China

Open Questions | Bai Chongen on China’s new economic paradigm and closing the US tech gap

Top economist explains how China has less in common with 1990s Japan than many think – and why talk of Chinese overcapacity is often ‘imprecise’.

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China consumption

From Beijing to backwaters? Why China’s live music boom is spreading

Local authorities are using big concerts to attract tourists and revenue, part of broader efforts to boost consumption under new five-year plan.

Fans at the Strawberry Music Festival during Labour Day holiday in Wuhan, Hubei province, China, on May 1, 2021. Photo: Reuters
China stock market

Chinese property stocks primed for comeback as industry shows signs of turning

Early signs of a recovery present a buying opportunity for property stocks, which have been under pressure since home prices peaked in 2021.

Property models are displayed at the China International Fair for Trade in Services in Beijing on September 14, 2025. Photo: VCG via Getty Images
China travel

Trip.com aims to bring 200 million tourists to China, buoying GDP growth

The company believes China could become the world’s top tourism destination, according to reports.

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China consumption

Open Questions | How China can avoid a repeat of Japan’s ‘lost decades’

Bai Chongen, an economist and adviser to China’s government, explains how the country can dodge ‘Japanification’ and why its economic rise is misunderstood.

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China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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Blocks with symbols and atomic numbers of various rare earth elements are seen on a Chinese flag. Illustration: Reuters
Electric & new energy vehicles

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

A BYD Seagull electric vehicle on display at Auto China in Beijing. Photo: Reuters
Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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China GDP

US economic gap over China to widen, but Iran might bring them closer: Mahbubani

Get your head checked, strategist Mahbubani tells those who underestimate the US and China, while forecasting a bigger GDP gulf between the two by 2030.

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China GDP

Guangdong’s rule as China’s GDP king faces an unprecedented threat to the crown

A rival provincial powerhouse, with a GDP as big as some G7 nations, is becoming a hub for strategic emerging sectors while outpacing the national economic growth rate.

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A crane lifts a container at a port this month in China’s Jiangsu province, which has been threatening to end Guangdong’s uninterrupted reign as the nation’s largest provincial economy since the late 1980s. Photo: China Daily via Reuters
China manufacturing

China’s industrial profits hit 6-month high amid Iran war price spikes

Fuel-processing sector pivots to profit while tech gains shield margins from modest revenue growth, highlighting an efficiency-led rally over a demand recovery.

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China travel

Chinese travellers flock to Central Asia as flight bookings soar by 120%

Beijing’s Belt and Road Initiative behind stronger economic ties and passenger traffic growth between the two regions, say industry experts.

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China manufacturing

Billionaire behind ‘American Factory’ firm warns of US exit amid trade friction

Fuyao Glass, a major supplier to Ford, GM and BMW in the US, employs thousands across the states of Ohio, Illinois and South Carolina.

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A worker checks the appearance of glass at a factory of glass manufacturer Fuyao in Dayton, Ohio. Photo: Xinhua
Banking & finance

Default in our stars: China banks use satellites to track assets, cut loan risks

Analysts say orbital monitoring of sites, property and other assets provides vital data on borrowers.

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Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets. Photo: Shutterstock
Banking & finance

Beijing ramps up tax crackdown, frames consumption levies as fiscal lifelines

Authorities target retailers, shell companies and off-the-books manoeuvres to lessen tax liabilities.

China trade

Canton Fair defies global trends as overseas buyers flock to buy robots, drones

Foreign buyers queue up to test the latest technological hardware at China’s largest trade show despite softening international demand.

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China manufacturing

China to fuse software and steel with US$14tr sector to enhance manufacturing

Beijing is overhauling ‘producer services’ with upgrades and more specialisation to avert deindustrialisation and anchor advanced manufacturing.

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Robotic arms handle materials on a production line in China’s Zhejiang province. Beijing has plans to develop a service sector that shores up the world’s factory. Photo: Getty Images
China trade

Learn from the East, says economist Justin Lin, refuting ‘overcapacity’ rhetoric

Former World Bank economist defends Beijing’s industrial strategy amid ‘overcapacity’ allegations, points to Germany and a ‘double standard’.

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Justin Lin Yifu, dean of the Institute of New Structural Economics at Peking University, is seen at last month’s Boao Forum for Asia Annual Conference 2026 in China’s Hainan province. Photo: Xinhua
China jobs

China’s youth unemployment crunch deepens as record graduation season looms

China’s official youth jobless rate climbed to 16.9 per cent in March, with another 12.7 million graduates set to enter the job market this summer.

China trade

China presses IMF for quota reform, better surveillance of advanced economies

PBOC head urges IMF to ‘stand against protectionism’ amid effects from tariffs, Iran war.

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