Peng Peng

New Business

China’s Guangdong targets doubling GDP by 2035 despite slowing growth

Guangdong, China’s largest provincial economy, has vowed to double its economy by 2035 from 2022 levels, in line with the…

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New Business

Shanghai launches clampdown on property market doom-mongering, targeting RedNote, Bilibili

Shanghai has launched a crackdown on online content that talks down the property market, as the sector remains mired in…

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New Business

‘Not in this economy’: Guangdong’s huge subsidy scheme falls flat with consumers

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit…

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New Business

China bids to break job market ‘curse of 35’ as it raises civil service age cap

China is raising the maximum hiring age for some civil service positions from 35 to 43 amid rampant age discrimination…

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New Business

China is planning a 5-year honeymoon for its private firms. Will they feel the love?

As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set…

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New Business

Guangzhou and Shenzhen, once China’s growth engines, report GDP underperformance

Two cities that have served as economic pillars for China’s southern province of Guangdong appear to be losing steam relative…

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New Business

China’s Jiangsu province narrows GDP gap with Guangdong as tech sectors fuel growth

The race for China’s provincial economy crown has turned red hot, with Jiangsu closing the gap with Guangdong through tech-driven…

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New Business

From AI to chips: China courts private tech firms to help drive next 5-year plan

China has signalled growing support for the private sector, as the head of the government department that oversees economic reform…

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New Business

China’s top exporter, Shenzhen, takes US tariff blow on the chin in April, lagging nation

China’s top exporting city saw its levels fall in April despite stronger-than-expected national growth, suggesting traders are not yet out…

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New Business

Shenzhen lags China in GDP, exports as tech hub preps for tariff wave

China’s southern tech hub Shenzhen appeared to miss out on the spoils of the country’s first-quarter export wave, with the…

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