Chinese economy

Xi speeds up China’s inward economic pivot

President Xi Jinping is accelerating his push for a China that can stand on its own feet as mounting pressure at home and abroad exposes the vulnerability of Beijing’s economic model.

China faces financial ruin: Fresh COVID-19 outbreaks and severe flooding hit hard

CHINA could face serious economic consequences as fresh cases of the coronavirus and severe flooding are likely to delay the country's economic recovery, analysts have claimed.

Don’t believe in China’s economic data: they are fake numbers

Buoyed by a construction boom, China’s economic recovery continued apace in July, new sentiment data suggested.

Floods and the coronavirus create more uncertainty for China as food prices climb

However, for the economy overall, developments such as the temporary re-emergence of the coronavirus will likely mean a more gradual return growth.

China’s quarterly economic growth sinks to 26-year low amid US trade war

China's economic growth plunges to lowest level since 1992. China's growth dropped to its lowest level in nearly three decades, as the world's second largest economy continues to feel the pain from trade tensions with the United States.

Chinese tourism growth slows as overseas travel loses its luster

Domestically, the top 10 cities whose residents spent the most on National Day travel within China spent at least 3,000 yuan, with Shenzhen topping the list at 3,324 yuan, according to Ctrip.

China’s economic slowdown: How bad is it?

"What worries me is that they just don't seem to have gotten the disease under control yet. The pig stock is still falling," says Mr Evans-Pritchard.

China is starting to eat into its emergency reserves of pork

China's pork crisis has gotten so bad that some of its cities are starting to tap into their precious strategic reserves of frozen pig meat. At least...

China’s economic slowdown is real, but it’s not just about tariffs

China's economic growth has slumped to its lowest level in nearly three decades, but the trade war with the United States isn't solely to blame. Gross domestic product growth...

China’s economic growth slumps to lowest in 27 years as the trade war hits

China's economic growth has slumped to its lowest level in nearly three decades as the world's second largest economy feels the effects of a prolonged trade war with the United States.

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Chinese e-commerce giant JD.com has a drone that can deliver packages weighing as much...

China's second largest e-commerce giant has developed a drone which can deliver packages weighing as much as one ton throughout rural areas of the country, according to JD.com's Chief Technology Officer (CTO).

China’s bad debts may be $US6.8 trillion higher than official figures suggest

Bad debts in China are increasing significantly faster than what the Chinese central bank reports, according to a prominent Chinese banking analyst.

State-Owned Telecom Subsidiary Looks to Africa to Reverse Its Fortunes

After years of slowing profit growth in a crowded domestic telecommunications market, China Communications Service Corp. Ltd. is hoping a massive infrastructure project in Africa will reverse its fortunes.

Why Does China Dominate List of Self-Made Female Billionaires?

Beijing’s Jinbao Street, with its ritzy stores selling Lamborghinis and diamond-encrusted Rolexes, feels like a garish version of New York’s Fifth Avenue. And the...

Canada prepares for an Asian future

By Ayesha Bhatty Chinese immigrants have flocked to Canada's west coast and transformed Vancouver into Canada's very own Asian metropolis. The days of concern over...

List of most popular websites

This is a list of the most popular websites worldwide according to the top 100 lists published by Alexa Internet, as of December 28,...

London’s first Chinatown

The Oriental Quarters Between 1854 and 1856 many Chinese seamen were housed at the 'Oriental Quarters' by the riverside at Shadwell. They were off the High...

The World’s 56 Self-Made Women Billionaires: 40% from China

More women entrepreneurs than ever before have climbed into the 10-figure club. A record 56 self-made women are now billionaires including the first ever...

How Much U.S. Debt Does China Own?

By Thomas Kenny China's Large Position in U.S. Treasuries The United States’ debt load has risen substantially since the start of the millennium raising concerns about the...

Australia’s economic relationships with China

Dr Anne Holmes, Economics Key issue As the Chinese economy moves from a focus on investment in physical infrastructure to developing social infrastructure, and as it...

Why Xi Jinping put his new city dream in old hands

Former Shanghai mayor Xu Kuangdi, 79, played key role in Pudong’s development. President Xi Jinping has put his dream for the Xiongan New Area in...

How Does China Influence the U.S. Dollar?

By Kimberly Amadeo Updated January 26, 2017 China affects the U.S. dollar by loosely pegging the value of its currency, the yuan, to the dollar. As...

10 US Companies With Highest Revenue Exposure To China

Relations between the United States and China have worsened over the last few years. The trade tariffs, the novel coronavirus, the Hong Kong security law, the closure of consulates, and China’s expansionist mindset have all contributed to the downturn in the US-China relations.

Zoom will suspend direct sales in mainland China and only sell through partners, amid scrutiny over its ties to the country

Zoom is halting direct sales of its video conferencing products in mainland China and...

HSBC profits hammered by pandemic and soaring US-China tensions

HSBC on Monday said profits for the first half of 2020 plunged by 69 percent...

Trump says TikTok app will be banned in the US over security concerns

US President Donald Trump said he will soon take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns.

Samsung Electronics to halt production at its last computer factory in China

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy.

Trump to Order China’s ByteDance to Sell TikTok in U.S.

President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter.

Wanda Sells Chicago Property for $270 Million to Reduce Debt

Wanda Hotel Development Co., a Hong Kong-listed subsidiary of Dalian Want Group, said in a filing that it has agreed to sell its 90% stake in Vista Tower for $270 million to Magellan Parcel.

Bitcoin Price Under Global Pressure

Bitcoin has seen incredible rises over the past few years, with those fortunate enough to have invested becoming very wealthy off the back of its climb.

Alibaba and Jack Ma sued over ‘fake news’ on Indian apps

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed.

TikTok is facing a global backlash over security concerns

Meanwhile, Australian TikTok users responded to fears that the application could be banned in Australia by tweeting at the Prime Minister Scott Morrison and circulating a petition opposing such a move.

Finance

Money

Bitcoin price drops $200 after new ruling from Chinese regulators

Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin. This move to be shortlived, according...

China to limit overseas investments in real estate, sports

A document released Friday by the State Council, China's Cabinet, was the latest move by regulators to tap the brakes on a string...

Chinese government invites top Wall Street bankers to Beijing

The Chinese government is inviting Wall Street’s top bankers to a hastily arranged meeting in Beijing as US president Donald Trump threatens to impose...

Entrepreneurs

China’s Rich List is Out, No Prizes for Guessing Who’s Still on Top

The Hurun China Rich List 2019 was released today, October 10, and reveals just how deep the pockets of China’s elite run.
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The People’s Republic of The Future

When it comes to technology, Shenzhen may well be the most fascinating city in the world. It makes the majority of our electronics. It clones the best technology Silicon Valley has to offer with ease.

Crazy cheap cappuccinos: China’s Luckin Coffee chain goes public

Luckin Coffee stores have mushroomed across Chinese cities but it's bleeding cash. Can technology save its finances?

China’s Entrepreneurs Are Wary of Its Future

Chen Tianyong, a Chinese real estate developer in Shanghai, boarded a flight to Malta last month with no plans to return anytime soon. After landing,...

WeChat Blocks Douyin Registration as Social Media App Spat Escalates

Chinese netizens are unable to register to popular short-video app Douyin using WeChat, marking the latest twist in a bitter battle between Douyin parent company Bytedance and WeChat owner Tencent.

China created a unicorn every 3.8 days in 2018

China fostered 97 unicorns – start-ups valued at least US$1 billion – last year, despite an economic slowdown and a prolonged trade war with...

Trade

China’s foreign direct investment flows

Many commentators are saying that the rest of the world will now seek to reduce its connections to China, but the data tells a different story, Chunlai Chen and Christopher Findlay write.

Reshoring, restructuring, and the future of supply chains

Risks can be hidden in a supply chain, Simchi-Levi said, and aren’t always associated with a particular region. Overall, companies should focus less on location and more on stress tests.

Use Canton Fair to market products – Guangzhou Envoy

Currently, approximately 99 per cent of Ugandan traders and entrepreneurs have established contacts and purchase most of their goods from the Province. At the same time, the Canton Fair which is held twice a year and is the largest fair in China, attracts hundreds of Ugandan visitors and entrepreneurs to the Province every year.

Shares hit by Trump tariff threat to China

White House economic adviser Larry Kudlow told Fox News that the president's tweet was a warning."The president is, I think, issuing a warning here, that, you know, we bent over backwards earlier, we suspended the 25% tariff to 10 and then we've left it there.

What’s Missing From the U.S.-China Trade Deal

The key issue isn’t ownership structure, but the fact that foreign companies currently operate in China under a system of positive rather than negative limits.

China’s exports fall more than 20% in February; overall trade data come in much...

China on Friday reported worse than expected trade data for the month of February, customs data showed amid Beijing's trade dispute with the U.S. Dollar-denominated exports plunged 20.7...

Economists

China is choosing a different approach to stimulus — is the world ready?

Earlier this year, Apple CEO Tim Cook published a letter to Apple investors warning that the greater-than-expected economic deceleration in China would lead to end-of-year revenue...

China is blocking World Bank report that calls for state-owned enterprise reform

China has delayed the publication of a report on its economy, written in conjunction with the World Bank, as it tries to tone down...

China to Davos: Stop freaking out about our economy

China has a message for the Davos crowd: Fear about an economic slowdown is overblown. In a speech at the World Economic Forum, Vice President...

US-China trade deal would have to be ‘extremely far-reaching’ to calm the markets, JP...

Global markets are enjoying some gains this week on hopes that Beijing and Washington will reach a trade agreement, but strategists at J.P. Morgan...

China is not the economic superpower people think. That’s why it’s important to wait...

The relationship between the United States and China has deteriorated with startling speed. An uneasy truce holds while the two governments try to negotiate...

China’s economy ‘may be bending,’ but it’s not ‘breaking,’ JP Morgan says

Jing Ulrich, managing director and vice chairman for Asia Pacific at J.P. Morgan Chase, addresses the Chinese economy at CNBC's East Tech West...

Trade Relations

Japan reveals 87 projects eligible for ‘China exit’ subsidies

Japan's Ministry of Economy, Trade and Industry on Friday unveiled the first group of Japanese companies to subsidize for shifting manufacturing out of China to Southeast Asia or Japan.

Manufacturers Shift Work From China to Avoid Tariffs

A growing number of Asian manufacturers of products ranging from memory chips to machine tools are moving to shift production from China to other...

How the yuan’s return to stability helped China become the largest holder of Treasurys

China holdings of U.S. government paper rise to $1.147 trillion, up more than $44 billion from the previous month. China’s efforts to stabilize its currency...

China says US trade probe would violate international rules

China criticized President Donald Trump's order for a possible U.S. trade investigation of Beijing's technology policies as a violation of global rules and said...

China’s outbound investment plummets

China's non-financial outbound direct investment (ODI) nearly halved in the first half of 2017 as curbs over capital outflows took effect, the commerce ministry...

UPS, SF Express Deliver Global Package Joint Venture

Global parcel delivery giant UPS said it will form a joint venture with leading Chinese peer SF Express, pooling resources to develop international courier...

Xi speeds up China’s inward economic pivot

President Xi Jinping is accelerating his push for a China that can stand on its own feet as mounting pressure at home and abroad exposes the vulnerability of Beijing’s economic model.

China faces financial ruin: Fresh COVID-19 outbreaks and severe flooding hit...

CHINA could face serious economic consequences as fresh cases of the coronavirus and severe flooding are likely to delay the country's economic recovery, analysts have claimed.

China’s biggest private companies warm to homeland IPOs as US trade...

"A good part of the Chinese economy is open," Bernstein said. "These companies now have a revenue stream post-COVID, so to speak, which makes them more palatable to go public."

10 US Companies With Highest Revenue Exposure To China

Relations between the United States and China have worsened over the last few years. The trade tariffs, the novel coronavirus, the Hong Kong security law, the closure of consulates, and China’s expansionist mindset have all contributed to the downturn in the US-China relations.

Zoom will suspend direct sales in mainland China and only sell...

Zoom is halting direct sales of its video conferencing products in mainland China and will only sell there through third party partners. This...

HSBC profits hammered by pandemic and soaring US-China tensions

HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by...

Trump says TikTok app will be banned in the US over...

US President Donald Trump said he will soon take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns.

Samsung Electronics to halt production at its last computer factory in...

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy.

Don’t believe in China’s economic data: they are fake numbers

Buoyed by a construction boom, China’s economic recovery continued apace in July, new sentiment data suggested.

Trump to Order China’s ByteDance to Sell TikTok in U.S.

President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter.

Wanda Sells Chicago Property for $270 Million to Reduce Debt

Wanda Hotel Development Co., a Hong Kong-listed subsidiary of Dalian Want Group, said in a filing that it has agreed to sell its 90% stake in Vista Tower for $270 million to Magellan Parcel.

Floods and the coronavirus create more uncertainty for China as food...

However, for the economy overall, developments such as the temporary re-emergence of the coronavirus will likely mean a more gradual return growth.

Bitcoin Price Under Global Pressure

Bitcoin has seen incredible rises over the past few years, with those fortunate enough to have invested becoming very wealthy off the back of its climb.

Alibaba and Jack Ma sued over ‘fake news’ on Indian apps

An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed.

Chinese banks urged to switch away from SWIFT

China should prepare for potential US sanctions by increasing the use of its own financial messaging network for cross-border transactions in the mainland, Hong Kong and Macau, according to a report from the investment banking unit of Bank of China.

Japan reveals 87 projects eligible for ‘China exit’ subsidies

Japan's Ministry of Economy, Trade and Industry on Friday unveiled the first group of Japanese companies to subsidize for shifting manufacturing out of China to Southeast Asia or Japan.

TikTok is facing a global backlash over security concerns

Meanwhile, Australian TikTok users responded to fears that the application could be banned in Australia by tweeting at the Prime Minister Scott Morrison and circulating a petition opposing such a move.

China’s foreign direct investment flows

Many commentators are saying that the rest of the world will now seek to reduce its connections to China, but the data tells a different story, Chunlai Chen and Christopher Findlay write.

Reshoring, restructuring, and the future of supply chains

Risks can be hidden in a supply chain, Simchi-Levi said, and aren’t always associated with a particular region. Overall, companies should focus less on location and more on stress tests.

Cash or Credit Card? How to Pay for Things in China

Are foreign credit cards accepted in China? How much cash do I need? When and where can I exchange Chinese yuan? Can I use mobile payment? These are all common questions for travelers to China, and in this guide, we’ll provide all the information you need on how to make and manage payments during your trip to China.

US companies in China are finding it harder to make money

Many members of the Beijing-based American Chamber of Commerce in China said they are earning less in the country, and that market access remains an issue in certain industries despite recent Chinese government efforts.