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China’s new ‘invest in people’ slogan heralds a rethink in economic strategy

Beijing’s fresh imperative to “invest in people” – first raised in a proposal for the 15th five-year plan and reaffirmed…

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New Business

Chinese economist calls on Beijing to add consumption target to long-term goals

China should add a quantitative target for consumption growth as part of its long-term modernisation goals to help sustain growth…

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New Business

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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New Business

China must stay focused on ‘own work’ despite external challenges, Xi says

During the preparatory period for China’s next five-year plan, President Xi Jinping stressed the country needed to stick to its…

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New Business

Will retirees be job market winners as China targets social insurance dodgers?

Increased scrutiny of businesses in China that evade their social insurance obligations looks set to further boost the employment of…

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New Business

China’s steelmakers cool competitive fires as price war cuts profit margins

As a fierce price war threatens to turn their revenues microscopic, China’s steel firms are calling for changes to make…

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New Business

Opinion | China can’t rely on technology as a panacea for economic recovery

Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below…

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New Business

Opinion | Gig economy is failing workers and needs urgent reform

It sounds simple – a source of income with flexible working hours. But it isn’t, as Upstream’s hero found out.…

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New Business

4 Chinese economists and academics advising Beijing on capital, employment and finance

Since the third plenum of China’s 19th Central Committee’s in 2018, economists and academics have offered advice on how Beijing…

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