China economy

Commentary: Visa-free policies alone will not revive China’s inbound tourism

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ELIMINATING BARRIERS FOR FOREIGN TOURISTS IN CHINA Enhancing travel convenience is imperative to address the needs of foreign tourists. While China has made significant strides in developing advanced technologies and transportation infrastructure for domestic travel, foreign visitors often encounter obstacles while navigating in the country. For instance, booking high-speed train tickets or entry tickets to … Read more

Commentary: China’s GDP grew more than expected, but is its data reliable?

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CHINESE RECOVERY IS UNEVEN AND DEFLATION PERSISTS Details of the GDP data reflected an uneven recovery in the Chinese economy, which raises concerns if the current growth is sustainable. In recent quarters, the manufacturing industry emerged as a key growth driver and construction activity was robust, while the real estate sector continued to shrink. All … Read more

China steels itself for new front in trade war after US proposes tariffs on metals

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The US Trade Representative’s (USTR) office also initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market policies and practices” to dominate these sectors. Henry Gao, a law professor at Singapore Management University, said he would not be surprised if China imposes countermeasures against the proposed tariffs through countervailing … Read more

China’s Weakness, Tech War Push Yuan Toward Multi-Year Lows — Where Is It Heading Next?

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China’s persistent economic weakness and the escalation of the tech war between Washington and Beijing continue to drive the country’s currency, the RMB (Yuan), lower, according to Dr. Tenpao Lee, professor emeritus of economics at Niagara University. “Fundamentally, the value of a country’s currency reflects the strength of its overall economy in general,” Professor Lee … Read more

China’s ‘two sessions’ 2024: securities regulator comes out swinging at first press conference

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However, he added, “if the market gets out of control and experiences huge irrational shake-ups, liquidity runs, investor panic, a major investment confidence breakdown … [the commission] should make resolute moves to fix dysfunction.” The conference, held with other high-level officials on Wednesday, took place on the sidelines of the “two sessions”, the annual meetings … Read more

China’s ‘two sessions’ 2024: economic heavyweights face press on ambitious 5% GDP growth target

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This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, face the press … Read more

China’s ‘two sessions’ 2024: did Premier Li Qiang’s speech move the needle for foreign, private business?

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Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more

Push for ‘new productive forces’ set to feature at China’s upcoming ‘two sessions’. What is it all about?

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As the challenges stack up, the two sessions could provide indications of potential government action to come. “Many are looking forward to stimulus packages for the economy. Reinvigoration of post-Covid recovery will be given importance,” NUS’ Dr Lim told CNA. Still, another observer does not expect the economy to be singled out for special mention. … Read more

More China trips, less diplomacy: what does Li Qiang’s schedule reveal about how the changing role of premier?

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The Post compared their itineraries for domestic meetings, time spent on inspection trips inside China and overseas trips and the number of diplomatic events held. Official information from mid-March last year, when Li Qiang was sworn in as the premier, until Monday, shows that on domestic affairs he has spent more time on inspection tours … Read more

Shein And Temu Are Dominating The Global Air Cargo Industry Despite Climate Crisis

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In recent years, there has been an influx of online fast-fashion retailers, including Shein and Temu. According to more than 10 fast-fashion industry sources, the polluting e-commerce brands have upended the global air cargo industry, increasingly using limited air cargo space to attract more consumers with rapid transit and delivery times. An investigation, which sourced … Read more