Topic
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.
As China prioritises exports and investments, the country’s stimulus measures have failed to adequately boost meek domestic consumption levels. Unless leaders are willing to adopt radical solutions to boost confidence, consumers will continue to keep their wallets closed.
Chinese cities are rushing to dismantle a long-standing housing policy regime designed to keep speculators at bay, a remarkable U-turn that is just the beginning of a new chapter in the nation’s real estate market.
A stable exchange rate plays a key role in China’s position as a major importer and exporter, but the yuan has come under heavy pressure from the US dollar.
Power capacity and infrastructure are vital to China’s green transition and hi-tech ambitions, but ‘power abandonment’ is a critical setback.
China needs better policies to support its ‘vibrant, competitive and creative market entities’, said a former senior official with its top economic planner.
A powerful rally in China’s government bonds that has pushed yields to a two-decade low shows no signs of easing amid persistent worries about the outlook for growth. A sluggish stock market and a long-running property downturn continue to dampen risk appetite.
After incidents related to tax collection that have left some businesses concerned for their operations, China has issued calls for a more predictable approach to law enforcement in an attempt to assuage their fears.
High-level comments aim to shore up business and market confidence ahead of the economic-agenda-setting third plenum as foreign firms wait to see whether Beijing follows through.
Reports in China on the opening of a series of joint task forces between police and tax authorities have rattled already weak business confidence amid concerns over the economic outlook.
In a keynote address to the ‘Summer Davos’ forum, Chinese Premier Li Qiang offered a strong critique of Western trade restrictions while also pitching the country as a welcoming place for overseas firms.
Chinese Premier Li Qiang delivered a speech during the opening plenary session at the 15th Annual Meeting of the New Champions in Dalian on Tuesday.
Lottery ticket sales in China have surged, with many stores running out of stock, as young people seek a short cut to wealth amid the uneven post-pandemic economic recovery.
A fiscal gulf exists between China’s central and local governments, and it is seen as a hurdle to healthy and sustainable development ahead of the third plenum.
Major market reform has bypassed rural land ownership, but experts say not to expect any big moves at the third plenum.
China’s tax authority had to deny it was launching a national investigation after firms were asked to pay tax bills dating back as far as the 1990s.
Local authorities in China have been encouraged to buy unsold homes to create affordable housing amid efforts to address a property crisis, but many are already struggling with debt.
Conditions are ripe for China’s central bank to trade bonds in the secondary markets, but it will be a gradual process, according to a former People’s Bank of China official.
A former official has enumerated the ‘imbalances’ encumbering China’s economy, putting special emphasis on the divide between rural and urban areas exacerbated by a system of household registration.
Though China’s export economy was once a reliable driver of economic growth, analysts have recommended against overreliance on those sectors as trade relations with the West become more volatile.
Zheng Xinli, a former researcher with China’s Communist Party, has advocated for robust incentives to spur consumption and buoy the country’s service sector, part of a plan to build up new economic growth drivers.
Amid calls for greater economic support, China’s central bank governor says at Lujiazui Forum that the policy toolbox will not include any drastic moves.
While the government is enthusiastic about trade-in consumption subsidies, analysts warn they may fall flat.
Xu Lin said Western tariffs on Chinese exports could speed up ‘process of clearing up overcapacity in China’, meaning ‘survival of fittest’.
Recent data on early repayments and new mortgage loans does not bode well for China’s efforts to stimulate housing demand and absorb inventories.
A Chinese scholar has called for a renewed commitment to pro-market reforms to generate sustainable growth and solve several persistent issues that have vexed economic policymakers.
Fewer weddings mean fewer kids and a smaller labour force down the line as the population ages and productivity takes a hit.
To avoid interruptions to China’s economic growth and tech progress, a senior official has warned against ‘vicious competition’ among firms in high-profile sectors.
Straits Forum shows up Taiwanese concerns and the limitations of Beijing’s new policy.
The worrisome property-investment decline reached double-digits in May, but consumers in China opened their wallets a bit more, year on year.