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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.
Workers install insulation on a residential building under construction in Beijing in December. Photo: AP
Two Sessions 2026

What’s on the wish list for China’s private sector ahead of the ‘two sessions’?

As private businesses grapple with cash flow challenges, entrepreneurs say they want the settling of outstanding debts to be made a priority.

Retailing

Warm winter no match: China’s sportswear sector posts surprise growth

Biomedicine: Companies

Wave of Chinese biotech deals builds with US$1.2 billion Harbour BioMed pact

Electric & new energy vehicles

Speed bump ahead: rising battery costs nudge Chinese drivers towards hybrids

Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many.

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Workers produce lithium batteries in Qinyang, central China’s Henan province. Photo: Xinhua
Biomedicine: Industry Trends

Lab monkey price tag climbs to US$20,000 thanks to China’s biotech boom

The cost of a single monkey exceeds the average annual salary in China and approaches a pandemic-era spike amid growth in drug licensing deals.

China energy security

Chinese power line projects seek private capital in sign of infrastructure shift

Beijing is encouraging more private investment in a range of critical infrastructure projects, from railways to nuclear power plants.

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China’s crackdowns

China charges former AstraZeneca executive – a sign of the times?

Foreign drug makers face pressure in the Chinese market, from tighter regulatory oversight to growing local competition.

In January, AstraZeneca announced plans to invest US$15 billion in China, its second-largest market. Photo: Shutterstock
Robotics

Before the factory floor, the dance floor: robots find path to market at US$145

Humanoid robots may one day transform factories and warehouses, but for now their most immediate role is keeping the party going.

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Colombia

Luckin’s 30,000th store milestone adds buzz to China’s brewing coffee battle

Xiamen-headquartered chain pushes to integrate supply network worldwide and accelerate growth in markets from Asia to the US.

DJI

Insta360, Vivo challenge DJI’s turf, eyeing a slice of the gimbal camera boom

Insta360 and Vivo plan new handheld cameras to challenge DJI, but analysts say building a content ecosystem will be the tougher battle.

The Pocket series – compact cameras positioned between smartphones and professional rigs for vloggers – has evolved from a niche gadget into a flagship line. Photo: Handout
Middle East

China’s Pop Mart gains on earnings hopes as investors eye growth beyond Labubu

The toymaker’s stock gains as user growth, livestream sales and overseas expansion signal resilience despite softer consumer demand in China.

Sales of Labubu, the group’s flagship intellectual property, exceeded 100 million units last year. Photo: Xinhua
China Future Tech briefing

Biomedicine | China challenges US in new drugs after industry transformation

Drug makers in China are performing cutting-edge research and licensing products to global giants after a 10-year government push supercharged the industry.

China jobs

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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Mainland China

China’s Year of the Horse shoppers let emotional satisfaction take the reins

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

Pop Mart sold out of its Have a Good Run series. Photo: Handout
Hong Kong

How Western brands are adapting to China’s changing consumer landscape

Starbucks’ China stake sale signals a seismic shift, as global firms retreat amid rising competition, price wars and evolving consumer tastes.

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Illustration: Henry Wong
Hong Kong

China’s Kuaishou slapped with US$17 million fine after explicit content probe

The fine comes days after a separate e-commerce penalty, adding pressure on China’s No 2 short-video platform to tighten controls.

Mainland China

Meituan snaps up Dingdong to deepen push into fresh grocery retail

The US$717 million Dingdong acquisition highlights Meituan’s long-term bet on grocery e-commerce and on-demand consumption in China.

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China deflation

China raises taxes on select sectors: a one-off fix or tough times ahead?

A broader push to raise taxes across the private sector is not on the cards, economists say.

China’s three state-owned telecoms giants – China Mobile, China Unicom and China Telecom – have all announced the tax adjustments will have an impact on their revenues and profits. Photo: AP
Investing

China’s gold trading hub on edge: what is happening – and why now?

Uncertainty spreads in Shuibei as second platform falters, spooking investors.

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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 economy

Opinion | Fears of overcapacity ignore China’s full balance of payments picture

The right question to ask is whether China’s overall current account represents a destabilising imbalance that siphons growth from trading partners.

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People shop at an international duty free shopping centre in Haikou, Hainan province, on December 18, 2025. Photo: Xinhua

AstraZeneca unveils US$15 billion China investment as Starmer visits Beijing

The drug maker says the funding will expand medicines production and research capabilities, as London and Beijing seek to rebuild momentum.

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AstraZeneca’s US$15 billion China bet marks the biggest deal of Starmer’s Beijing trip. Photo: Shutterstock
Hong Kong stock market

Muyuan Foods courts cornerstone investors for Hong Kong listing

Thai conglomerate expected to join a group of cornerstone investors in a deal that could raise about US$1.5 billion.

United States

Pop Mart rallies in Hong Kong on aggressive push into US retail market

Shares of Labubu toymaker Pop Mart jumped after the Chinese firm unveiled plans to open more than 20 new stores in the US this year.

Shanghai

Partnerships, not plants: Chinese companies rethink overseas expansion strategy

Executives are urging a measured approach as Chinese firms turn to global markets amid intensifying competition at home.

Brian Gu, vice chairman and co-president of Xpeng. Photo: Li Cao
China technology

China’s private sector increases presence among top 100 listed firms

US think tank’s report says non-state sector is bouncing back from three-year slump.

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Bubble tea chain Mixue Bingcheng joined the ranks of China’s top 100 listed companies in the first half of last year. Photo: Reuters
China economy

China’s drug and medical device sector fuels growth with record licensing deals

China’s pharmaceutical industry surges on ageing demand and global expansion, with revenue forecast to top US$2.1 trillion by 2030.

Regulation

Beijing opens antitrust investigation into Trip.com before Lunar New Year break

The Trip.com case shows how China’s regulatory inquiries into various online platforms have become the norm.

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