State Council

New Business

As China’s consumption picture changes, think tank argues, so must its policies

China’s policymakers must assess and accommodate a dramatic shift in consumption patterns to effectively incentivise spending – a task that…

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New Business

China puts private sector policy on the front burner after July data disappoints

“Boosting consumption is the key. We must adopt targeted measures to smooth economic circulation.” Plenary meetings are often convened to…

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New Business

Youth unemployment on the rise in China as more graduates enter the labour market

Under the previous approach, the jobless rate for the 16-24 age group, including students, peaked at 21.3 per cent in…

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New Business

China’s C919 waiting in the wings as Shanghai announces plane replacement plan

China’s largest aviation hub has announced plans to expedite the renewal of its airlines’ fleets to spur economic recovery, encouraging…

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Tech

Shenzhen launches ‘one-stop shop’ to help foreign talent work at Hetao cooperation zone

The Shenzhen side of a joint cooperation zone on the border of Hong Kong and the southern tech hub has…

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New Business

China’s consumption drive falls on deaf ears as consumers remain cautious, ask for more

China has also allocated around 300 billion yuan (US$42 billion) worth of ultra-long-term special government bonds to support industrial-equipment upgrades…

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Tech

China’s AI-related companies total 1.67 million in first half of 2024 amid ChatGPT frenzy

Mainland China added more than 237,000 new companies involved in artificial intelligence (AI) during the first half of this year,…

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New Business

China’s winter sports push heats up as experience economy gathers pace with indoor skiing

Average temperature reached record highs in China in July, but Shenzhen’s indoor ski resorts offered a stark contrast to the…

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New Business

China looks for new ways to boost spending on services, from senior care to tourism

The country posted a 5 per cent increase in gross domestic product in the first half of the year from…

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New Business

How easily can foreigners travel to China and spend money in August 2024?

Chinese mobile payment platforms, dominated by domestic firms, cater to locals and restrict use by foreigners due to financial and…

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