Ministry of Finance

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Exclusive | Chinese economist Lu Feng on why the time is ripe for a consumption rebalance

Lu Feng is a professor of economics and a former deputy dean at Peking University’s National School of Development. In…

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Opinion | An obscure new department heralds a shift in China’s debt cycle

China’s Ministry of Finance recently established a new debt management department, unifying the management of government debt quotas, issuance and…

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How China’s retired teachers are helping bridge the urban-rural education divide

In 2021, when most of his peers were settling into retirement, 64-year-old Li Ming chose a different path. The law…

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China should step up borrowing to boost domestic demand, economist says

China’s central government should borrow more to lift domestic demand through supportive monetary and fiscal policy, a Chinese economist has…

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The Great Mall: how China is turning foreign tourists into shoppers

Foreign tourists in China are increasingly drawn to shopping, said Steven Zhao, CEO of China Highlights, a travel agency that…

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World Bank slashes Pakistan’s FY26 growth to 2.6%

The World Bank has projected Pakistan’s real GDP growth to remain around 2.6% for FY2025–26, far below government expectations, as…

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Beijing clarifies ‘Made in China’ standards, giving foreign firms the ‘national treatment’

Beijing’s recent move to clarify standards for “domestically made products” in government procurement is designed to shore up the confidence…

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China’s Hunan puts non-tax revenue in crosshairs, cracking down on sketchy fines

Hunan has become the latest Chinese province to tighten controls on non-tax revenue growth through a revision of local regulation,…

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Hong Kong audit regulator imposes fine of US$245,000 on auditor Deloitte

Hong Kong’s audit regulator imposed a combined HK$1.9 million (US$245,000) fine on Deloitte Touche Tohmatsu and two of its partners…

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New Business

China seeks to bolster demand by subsidising interest costs on consumer loans

China has launched a year-long plan to offer interest subsidies for personal consumer loans as part of Beijing’s broader efforts…

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