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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
The US-China trade war has already led to a steep drop in container shipping between the world’s two largest economies, putting both sides under pressure to seek a deal to de-escalate the conflict. Photo: Xinhua
US-China trade war

China’s trade talk comments aim to ramp up pressure on US, analysts say

Beijing confirmed on Friday it was open to discussing a trade deal – but added that Washington should lift its tariffs.

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E-commerce

Alibaba launches Taobao fast-delivery service ahead of schedule

Apple

Apple sales in China dip as US tariffs add to headache

China consumption

China’s Labour Day travel boom bodes well for spending, but box office fizzles

Visa-free entries and generous tax refunds for inbound travellers are helping to shore up tourism at a time when the economy needs a jolt.

A foreign tourist poses for a photo with a performer at the Tianjin International Cruise Home Port in Tianjin on Thursday. Photo: Xinhua
US-China relations

Opinion | US tariffs a wake-up call for China to improve labour standards

If China’s export competitiveness remains reliant on lowering its labour standards, the US and others will continue their trade-restrictive policies.

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US-China trade war

Canton Fair offers fee refunds as China moves to protect tariff-struck exporters

In an unprecedented move to protect firms amid trade war with the US, the expo has cut fees for Chinese participants in half.

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Banking & finance

How are Shanghai’s global financial centre aspirations shaping up?

He Lifeng was accompanying President Xi Jinping on Chinese leader’s first inspection tour since US tariffs escalated trade war.

A screen shows financial market movements at the new Shanghai Stock Exchange building in Shanghai on April 25. Photo: AFP
US-China trade war

China says it is looking at American proposals to scale down tariff war

Ministry of Commerce says US has ‘recently taken the initiative to relay messages to China’.

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Robotics

Why car park operator Shoucheng is doubling down on China robotics investment

The company, a subsidiary of Chinese steel giant Shougang, plans to invest in about 50 robotics firms over the next two to three years.

US-China relations

Editorial | Xi answers trade war with hi-tech strategy to fuel development

Shanghai visit by President Xi Jinping leaves no doubt that way forward for China is via technological self-reliance and closer ties with Global South.

Chinese President Xi Jinping visits an AI product experience store at the Shanghai Foundation Model Innovation Center, a large-model incubator home to over 100 enterprises, in Shanghai on Tuesday. Photo: Xinhua
US-China trade war

First blood? Trump’s trade war starts to bite as China’s cargo shipments slump

US tariffs are beginning to take a toll – but some analysts believe Beijing could still achieve 5 per cent GDP target.

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Trucks move past piles of containers stacked at a container terminal port on the Yangtze River in southwest China’s Chongqing Municipality on April 20. Photo: AP
China's economic recovery

How will new law help protect China’s private sector?

Full text of legislation gives more weight to addressing long-standing complaints about cross-regional enforcement.

Banking & finance

BlackRock-backed Suez taps HSBC to review China assets

A transaction could value the China water business at more than US$1 billion, sources say.

India

What will happen to China’s rejected Boeing planes? India may have an answer

If Indian carriers can acquire the jets, it could ease capacity issues and boost the country’s aviation growth.

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A Boeing 737 Max airliner taxis for an evaluation flight in Seattle. India’s airlines may acquire China-rejected Boeing jets. Photo: AFP
China airliners

China’s C919 stuck on tarmac in Europe as certification timeline extended

European regulator says approval for the C919 could take three to six years, dashing hopes China’s jet would pass inspection in 2025.

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China’s home-grown C919 jet is facing a longer timeline for European certification than previously anticipated. Photo: Nora Tam
US-China relations

Opinion | US-China trade war has left ordinary people stuck in the middle

The implication that Chinese people’s aspirations for prosperity must be curtailed to preserve American primacy is deeply problematic.

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United States

New law to protect China’s private enterprise can spur greater growth

Firms have been at the mercy of opaque rules that have stifled innovation and development; that is now to change with greater legal clarity.

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US-China trade war

Business lobby group urges lowering of tariff ‘temperature’ to save US jobs

US-China Business Council says ‘precipitous decline’ in bilateral trade could destabilise US economy.

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Shipping containers stacked at the Port of Oakland on April 28. Photo: Getty Images/AFP
China travel

Chinese flight bookings to US in summer decline amid tariff war

Cancellations of flights from China to the US in June have been outnumbering new bookings, according to China Trading Desk CEO.

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US-China trade war

Chinese traders in world’s largest wholesale market adjust to fewer US buyers

A growing global base of customers is helping vendors in Yiwu city mitigate the fallout from a tariff war with the United States as uncertainties take toll.

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China property

Vanke’s quarterly loss deepens to US$860 million despite state support

The loss stemmed mainly from declines in home settlements and gross margins, Vanke said.

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Vanke has 26.3 billion yuan of onshore and offshore bonds maturing this year. Photo: AFP
China manufacturing

China’s factory activity contracts as tariffs darken trade landscape

China’s purchasing managers’ index for April comes in at 49, falling short of expectations as US tariffs begin to bite.

China’s manufacturers have been forced to navigate a challenging trade environment after the imposition of steep tariffs by the US. Photo: AFP
China’s private sector

China passes private sector law, addressing gripes of beleaguered businesses

The highly anticipated law aims to inject dynamism into China’s private sector amid a trade war with the United States.

US-China trade war

China calls Boeing ‘victim’ of White House tariff policy as jets return to US

US aircraft manufacturer receives implicit olive branch from China’s Ministry of Commerce as spokesperson laments severing of normal business ties.

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Biomedicine: Companies

Chinese biotech giant sees strong US revenue despite trade tensions

The company, which has been targeted by Washington, saw US revenue jump 28 per cent in the first quarter, compared with 21 per cent globally.

WuXi AppTec’s demand in the US remains strong despite the trade war, first-quarter earnings show. Photo: Shutterstock
US-China trade war

Hollywood faces defining moment in China as Disney prepares new releases

Beijing appears to be holding off on a drastic curb of American film imports – for now, at least – as US-China tensions simmer, analysts said.

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Hollywood has struggled to compete with domestic productions such as “Ne Zha 2” in China over the past few years. Photo: Xinhua
US-China trade war

US, China seen cutting tariffs this year, but much damage already done: analysts

Unless tariff-related uncertainty is resolved quickly, a ‘sharp, synchronous slowdown’ is possible, Morgan Stanley warns.

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China GDP

Shenzhen lags China in GDP, exports as tech hub preps for tariff wave

The southern metropolis failed to beat the national average, even as exporters locked in early orders to get ahead of US tariffs.

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