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China’s private sector

China’s private sector
The latest news, analysis and opinion on China’s private sector. In-depth analysis, industry insights and expert opinion.
China’s first comprehensive factory dedicated to the assembly, testing and reuse of carrier rockets, in south China’s coastal city of Wenchang. Photo: People’s Daily
China's space programme

China launches satellite ‘super factory’ in bid to rival Elon Musk’s Starlink

The facility features a ‘factory-to-launch’ pipeline, expected to make it faster and cheaper to build low Earth orbit constellations.

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Tencent

Tencent quits Paramount’s Warner Bros bid amid US regulatory concerns

China's economic recovery

China warns internet platforms not to shift tax burden onto gig workers

Artificial intelligence

ByteDance’s agentic AI smartphone dials up a digital backlash by China’s top apps

ByteDance’s new AI smartphone has run into resistance, as major Chinese platforms move to block its features citing fairness and security.

ByteDance’s agentic AI on the Nubia M153, launched by ZTE, is facing a backlash from other apps over security and fairness concerns. Photo: Handout
Hong Kong

Deloitte say Hong Kong primed as treasury hub for China’s go-global push

As Chinese companies diversify into Southeast Asia, Latin America and belt and road markets, many are using Hong Kong as a springboard.

United States

US lifts China sentiment, but tensions cloud outlook in Japan: report

Global confidence in China ticked higher in the third quarter, Morgan Stanley says, driven by US companies and policy support in Beijing.

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China's economic recovery

Beijing aims to harness state, private sectors to build ‘world-class firms’

Private firms need a stable, level playing field, with state-owned enterprises acting as anchors for strategic industries, state-asset watchdog says.

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A robotic arm moves stock at the smart workshop of a footwear company in China’s southeastern Fujian province. Photo: Xinhua
Hong Kong

Kelly Zong steps down as Wahaha chief amid bitter inheritance feud

The succession drama at Wahaha has entered a new phase, with heiress Kelly Zong relinquishing her top roles at the beverage giant.

Shanghai

Beauty market aglow: young Chinese splurge on self-care, Fosun-backed firm says

Growing number of men join women in embracing energy-based aesthetic treatments as a preventive measure: Sisram Medical.

Open Questions series

Open Questions | Nicholas Lardy on China’s unique economic advantage

Economist at US think tanks on bright prospects for China, the challenges it faces and why more market discipline is needed.

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Illustration: Henry Wong
Shenzhen

China’s housing slide deepens as October prices fall at fastest pace in a year

New home prices drop 0.5 per cent across 70 cities despite easing measures amid slowing economy and job worries.

Primary home prices in top-tier cities, which are more economically developed and typically have higher housing demand, fell 0.3 per cent in October over September. Photo: EPA
China's economic recovery

Tax reform in China’s 5-year plan aims to protect budgets without crushing firms

Officials propose boosting direct and local levies, curbing tax breaks and tapping new sectors to shore up local revenues and fund social spending.

China economy

China’s new private sector liberalisation spreads to infrastructure

Railways, nuclear reactors, oil pipelines and water networks in China are all opening up to private investors as the government seeks new ways to revive economic growth.

China economy

Explaining China’s 13 measures to promote private investment

SCMP Plus annotates State Council’s 13-point plan to promote private investment in infrastructure projects, until now the domain of the country’s state-owned enterprises.

Explaining China’s 13 measures to promote private investment
China economy

From rail to nuclear power, China taps private capital to fund major projects

Beijing unveils a slew of new measures to channel private investment into infrastructure projects ranging from hydropower to oil pipelines.

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Workers lay track for a new high-speed railway in China’s eastern Zhejiang province. China aims to encourage more private investment in major projects, including new railways and nuclear power facilities. Photo: Xinhua
Artificial intelligence

Innovation is key to curbing ‘involution’ in China: Two Sigma co-founder

While there is a lot of hype around AI, China’s practical approach is more effective, David Siegel says at the Family Business Summit.

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Mainland China

Fosun brings UK particle therapy to mainland China in advanced cancer care push

The US Food and Drug Administration-approved Marie system promises human-centred care, advanced technology and lower costs.

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Middle East

Labubu maker Pop Mart pushes into Middle East with first Qatar store

The Chinese toymaker expects overseas revenue to surpass domestic sales by the end of this year.

Pop Mart’s first store in the Middle East is at Hamad International Airport in Doha, capital of Qatar. Photo: Handout
China’s fourth plenum

China unveils 5-year plan’s support for private sector, financial strength

Revelations had not been mentioned in the communique issued last week following the fourth plenum.

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US-China relations

China can learn US lessons to unleash military power of civilian tech, researcher says

Successful firms such as SpaceX, Palantir and Anduril are part of an agile American ecosystem, according to adviser.

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Artificial intelligence

A token of intent: Doubao’s data surge cements ByteDance’s AI ambitions

A surge in activity on ByteDance’s Doubao model shows how rapidly AI tools are entering daily life in China.

ByteDance’s Doubao doubles token use in six months as China’s AI boom gathers pace
Electric & new energy vehicles

Powering the future: how China plans to supercharge its EV revolution

The top economic planner says the goal will also support Beijing’s plan to stimulate domestic consumption.

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An electric cable with a picture of the flag of China. Photo: Shutterstock
Li Qiang

Chinese premier stresses resilience in symposium with business leaders

Li Qiang says ‘broader perspective’ necessary to keep confidence high amid trade tensions with US, preparation for major political conclave.

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Foreigners in China

‘Quantity to quality’: what China’s next 5-year plan means for foreign investors

Beijing has pledged to open up even more to foreign investment. But some officials are becoming more selective about the projects they want.

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China economy

China’s private firms face a difficult landscape. Can the 5-year plan help?

Entrepreneurs in traditional sectors hope China’s next plan will help relieve pressures from low demand, price wars and regulatory scrutiny.

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Illustration: Henry Wong
China's economic recovery

China has policy window for more private sector support, official says

Even after passage of Private Economy Promotion Law, economic planner says ‘gaps remain’ in shoring up enterprise and investor confidence.

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China’s private firms could still receive more policy support, an official with the country’s top economic planner said. Photo: AFP
China consumption

From tourism to healthcare, China unveils a 19-point plan to get people spending

Support and investment incentives unveiled for sectors such as tourism, sports, healthcare and culture, while visa-free access and school holidays could be enhanced.

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China GDP

China vows to ‘safeguard support’ for private investment, boost confidence

Private investment ‘key to stabilising employment and the economy’, State Council meeting chaired by Premier Li Qiang says.

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