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China's economic recovery

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China economy
Chinese tourists
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.
‘The Wandering Earth’
China consumption

China’s sci-fi industry shoots for stars as Beijing pushes ‘quality’ growth

With successes like The Three-Body Problem, the genre has never been more popular – and authorities have taken note.

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China property

Luxury malls in China adjust to market reality amid dip in consumer spending

US-China trade war

China’s exporters on edge as trade war casts shadow over Canton Fair

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China trade

China vows new safeguards to export controls as trade war rages on

Efforts also aim to protect China’s ‘sovereignty, security and development interests’.

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Containers are seen at a port in China’s Shandong province. China is improving its export controls to mitigate the impact of a trade war with the United States. Photo: AFP
US-China trade war

US, China competing for ‘economic resiliency’ in a test of endurance: economists

As trade conflict threatens a complete decoupling, analyst asks: ‘If the US produces everything domestically, why would other countries need the dollar?’.

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China inflation

China’s consumer prices fall in March as trade war reaches fever pitch

China’s consumer prices declined 0.1 per cent at a decisive moment in protracted trade conflict with US.

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US-China trade war

US inflation? China is more worried the trade war will make goods too cheap

As American demand declines, Chinese producers will be forced to compete even more fiercely for orders at home.

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China may face greater deflationary pressure amid the trade war, as a decline in US demand leads companies to build of large inventories of unsold goods. Photo: AFP
US-China trade war

Beijing white paper outlines China trade stance before retaliatory strike on US

Beijing issues a white paper for third time since trade war started in 2018, outlining position on major bilateral concerns.

US-China trade war

China fires back with fresh 50% tariff in stern rebuke to Trump’s escalation

Matching blows with Washington, Beijing’s tariff hike brings the accumulative tariff total to 84% on goods from US, as trade war rapidly intensifies.

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US-China trade war

China may weaponise service trade to hit back against US tariffs: commentators

Beijing could further restrict Hollywood films and target American law firms and consultancies, according to several influential commentators.

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The US is escalating its trade war with China by imposing an extra 50 per cent tariff. Photo: Shutterstock
China jobs

China vows support to help graduates find jobs as trade war weighs on economy

New system will cover skills training, career guidance, recruitment and more as Beijing moves to prop up employment and domestic demand.

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People attend a job fair in east China’s Anhui province on January 22. China’s slowing growth and structural changes to the economy have left many young people jobless, including many with university degrees. Photo: Xinhua
China’s economic stimulus

‘I’m not attracted’: why China is struggling to convince consumers to borrow

Beijing is offering easier access to credit in a bid to boost consumption, but households are reluctant to take on debt amid a global trade war.

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US-China trade war

China slams latest US threat, rushes to stabilise markets as trade war escalates

Ministry of Commerce vows to ‘resolutely’ strike back against any US moves to impose further tariffs.

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Hong Kong stock market

Where does Hang Seng Index’s 13% slump rank among other major crashes?

The plunge pushed Hong Kong’s benchmark index into bear territory, as it has lost more than 20 per cent from a recent peak.

Anxious investors watch the stock market coverage at a bank after the crash on October 28, 1997. Photo: SCMP
US-China trade war

Beijing tells Tesla, GE Healthcare to blame Washington for ‘tariff tensions’

‘Tariff tensions originate from Washington, and we encourage US businesses to address root causes,’ China’s vice-minister of commerce says in latest round-table chat.

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Chinese Vice-Minister of Commerce Ling Ji, seen here earlier this month, met representatives of American multinational firms on Sunday. Photo: EPA-EFE
US-China trade war

China urges unity, prepared for ‘any shocks’, as US trade tensions soar

People’s Daily commentary encourages nation to ‘weather storms’, assures country is prepared to counter Trump’s tariffs with ‘extraordinary’ measures.

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China consumption

Will Trump’s ‘Liberation Day’ threaten China’s fragile consumer recovery?

A barrage of stimulus policies has helped lift consumer sentiment in China, but the recovery is still tentative – and could be dented by a US trade war.

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China deflation

Gold, dollars? China’s middle class unsure where to invest amid market chaos

Chinese investors have no easy options as domestic real estate prices tumble and turbulence roils the financial markets.

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A woman walks by an electronic board displaying Shanghai share prices near a brokerage house in Beijing. Turbulence has rocked China’s stock markets in recent months amid uncertainty over the country’s economic prospects and a potential trade war with the United States. Photo: AP
China jobs

Chinese pay it forward with free meals for jobless, homeless in tough job market

Even restaurateurs and other vendors hit by economic pressures are promoting free meals and other charitable offers to help others.

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US-China trade war

China hits back at US with 34% tariff on American imports

The tariff comes into effect on April 10 and is part of a raft of measures that includes more rare earths controls.

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China travel

Chinese tourists plan stops to smell the cherry blossoms on holiday weekend

Ching Ming Festival trip bookings were up this year compared to last, travel platforms said, with particular interest in ‘flower tourism’.

Chinese tourists are expected to take advantage of the Ching Ming Festival break to visit sites where cherry blossoms are in bloom. Photo: Reuters
US-China trade war

Fitch cuts China rating on weakening finances, debt concerns

China’s Ministry of Finance reacted strongly, describing the decision to downgrade from “A+” to “A” as biased and not reflective of reality.

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The Fitch Ratings Inc. logo is seen at its headquarters in New York’s financial district on March 18. Photo: AFP
China economy

Editorial | Welcome lifeline for China’s SMEs in cash crisis

Measures taken by Beijing to ensure state-owned firms and local governments pay up aim to revitalise the sector.

US-China trade war

Explainer | What is the ‘Mar-a-Lago Accord’, and will it really crash China’s economy?

The US’ mooted idea to devalue the dollar has been compared to the Plaza Accord of the 1980s, which some believe caused Japan’s ‘lost decades’.

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China economy

Opinion | Key to China’s success in stabilising foreign investment lies within playing

While geopolitical factors are critical, the real test for Beijing is in improving its domestic economic environment and boosting consumption.

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Chinese President Xi Jinping meets business representatives at the Great Hall of the People in Beijing, on March 28. Photo: Xinhua
China economy

Opinion | China’s economic recovery cannot leave migrant workers behind

China’s migrant worker population hovers around 300 million but work-relief job creation covers just 1 per cent of that.

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A job seeker from Sichuan province talks to a recruiter during a job fair at the Beijing West Railway Station on February 25. The fair is aimed at migrant workers who have just arrived in the city. Photo. Xinhua
China trade

Fresh US tariffs on China may be ‘too large to absorb, too conspicuous to dodge’

Donald Trump’s deadline for China report has arrived, ahead of his ‘Liberation Day’ to free US economy from what he sees as unfair practices.

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China's social credit system

China’s complex social credit system evolves with 23 new guidelines from Beijing

Guidelines also establish ‘seriously discredited entities’ list for specific sectors – and those on the list could face restrictions or bans on issuing stocks and bonds.

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