China Economy

With more Chinese companies moving their operations overseas, a marketing specialist has advised them to take a lesson from their Japanese peers in how not to handle their global expansions.

Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on the mainland.

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 announced the long-awaited dates of the third plenum – July 15-18 – and in a surprise move the Communist Party expelled two former defence ministers who are being investigated for corruption.

From service exports growth to green energy transitions, economies can still prosper from trade amid changes in the global economy.

The main policymakers, their backgrounds, connections, prospects and decisions; compiled in an easy-to-explore visual series.

Some of the ambitious economic goals set in 2013 were modified to match the geopolitical landscape and inward challenges of recent years, and the July 15-18 third plenum presents Beijing another chance to alter or stay the course.

Even with Russia emerging as a boon for Chinese shipbuilders, a market bonanza appears unlikely as trade restrictions keep growing and a ‘self-sanctioning’ occurs.

China needs better policies to support its ‘vibrant, competitive and creative market entities’, said a former senior official with its top economic planner.

A Chinese trade group has levied a formal grievance against EU trade practices, further complicating relations that have already reached their boiling point.

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.

European Stability Mechanism chief economist Rolf Strauch discusses challenges for the global economy and how governments can plan for and mitigate them.

The bourse owned by HKEX is exploring the idea of adding a warehouse in Hong Kong to its global network to meet rising demand for the physical exchange of metals such as aluminium and zinc between mainland China and the rest of the world, according to its CEO.

Plan should balance ‘economy and society, government and market, efficiency and equity, vitality and order, development and security’.

Investors across the Asia-Pacific region are turning to gold, lured by its diversification and haven benefits at a time of uncertain economic growth and rising geopolitical risks.

Ratings agencies S&P Global and Moody’s accused of failing to reflect risk posed by mainland’s local government financing vehicles.

After the suspension of durian imports from 33 sources in Vietnam, questions abound over whether the market’s explosive growth has led to a dip in quality – and whether competitors can take advantage.

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.

The Chinese capital’s housing department said it would lower the down payment by 10 percentage points for first and second homebuyers to stimulate demand.

China is preaching globalisation while practising self-reliance as it battles Western tariffs, curbs on advanced semiconductors and a decoupling from its factory floor.

China is no longer the top source of US imports, while recent tariff increases on a range of Chinese goods have added to trade tensions between Beijing and Washington.

With yuan capital outflows at their highest in years, transfers from Hong Kong to mainland China appear to have done much to keep the currency from depreciating at much higher rates.

WeBank’s Hong Kong subsidiary will manage the digital lender’s overseas business, and offer services to countries and regions covered by the Belt and Road Initiative.

Under China’s ‘dual circulation’ strategy, introduced in 2020, the country is reducing its trade dependence on the West and bolstering its domestic market. What has been accomplished in the plan’s first four years?