Interest payments are the fastest-growing category for Chinese public spending in 2024.
China debt crunch

China's debt-servicing costs to top $170bn on growing bond issuances

Struggling regional governments cast shadow over country's credit rating

9 March 2024
U.S. President Joe Biden delivers his fourth address to joint sessions of Congress in Washington on March 7.
U.S. elections 2024

Biden takes aim at Trump by saying the U.S. is rising, not China

In State of Union address, president calls the American economy the 'envy of the world'

8 March 2024
The real estate sector "contributes nearly a third of gross domestic product," says Yin Yanlin, a senior economic advisor for the Chinese government. 
Property

China can't simply let crisis-hit developers fail: economic adviser

Yin Yanlin cites lack of alternatives to real estate's contribution to GDP

8 March 2024
Chinese investment and construction activity is on the rise in the Asia-Pacific region, a new report shows. (Nikkei montage/Source photo by AP)
Belt and Road

Chinese investment in Asia rose 37% in 2023, led by Indonesia

Report shows construction contracts also up 14%; Philippines, Pakistan among losers

7 March 2024
Construction of this apartment complex in northern China's Shanxi province stalled two years ago after the developer's funds dried up. (Photo by Iori Kawate) 
China debt crunch

China work report pledges to tackle local debt, without specifics

Annual document avoids contentious proposal to raise retirement age

7 March 2024
The heads of China's macroeconomic management body, the finance and trade ministries, the securities regulator and the central bank speak to reporters in Beijing on March 6. (Photo by Mizuho Miyazaki) 
China People's Congress

China central banker sees full toolbox as planners vow to hit GDP goal

Top economic officials hold rare joint news conference in attempt to shore up confidence

6 March 2024
Malaysia has revived a high-speed rail plan to connect Kuala Lumpur and Singapore. (Nikkei montage/Source photos by Hiroki Endo and Akira Kodaka)
Transportation

Malaysia revives 'ambitious' high-speed rail plan amid hurdles

China Railway Construction, Hyundai unit among companies showing interest

6 March 2024
Chinese Premier Li Qiang speaks during the opening session of the National People's Congress at the Great Hall of the People in Beijing on March 5. (Photo by Mizuho Miyazaki)
China People's Congress

China sets GDP growth target of 'around 5%' for 2024

Premier Li says recovery 'not solid enough,' promises jobs and easier market access

5 March 2024
Chinese Premier Li Qiang speaks to reporters following the closing session of the National People's Congress (NPC) in Beijing in March 2023. The customary news conference has been discontinued.
China People's Congress

China scraps Premier Li's NPC news conference, breaking tradition

Decision to nix briefing closes one of the few windows on Beijing's thinking

4 March 2024
Neon signs illuminate Chinese company names in Hong Kong in 2018.
Opinion

Being a 'connector' for China is no longer working for Hong Kong

City needs to rethink economic role to show it can still be relevant

4 March 2024
Former Turkish President Abdullah Gul: "Many nations and countries in the world are having more sympathy towards the authoritarian regimes because of the West's blind support for Israel." (Photo by Cevahir Bugu)
Interview

Turkey's ex-president slams U.S. 'double standards' on Israel, Ukraine

Abdullah Gul says West's policies on conflicts could benefit China

3 March 2024
The opening ceremony of National People's Congress in Mach 2023 at the Great Hall of the People in Beijing. (Photo by Yusuke Hinata)
Your Week in Asia

China 'Two Sessions', ASEAN-Australia Summit, Malaysia rate decision

Your weekly lineup of Asia's biggest business and political events

3 March 2024
Shoppers browse items at a Hema Outlet discount grocery store in Shanghai. (Photo by Noriyuki Doi)
Bonds

China's record-low yields flash deflationary warning signs

Sluggish prices and population decline raise risk of Japanification

3 March 2024
Package volume of goods that fall under the U.S.'s duty-free threshold increased from 411 million in 2018 to 771 million in 2021, an 88% jump.
Trade

Chinese e-commerce flood into U.S. raises safety concerns

Senators move to scrap duty-free status of sub-$800 shipments from China

2 March 2024
Chinese Premier Li Qiang, left, and President Xi Jinping at the National People's Congress in Beijing in March 2023. (Photo by Yusuke Hinata) 
Opinion

Security is still China's top priority, not the economy

Premier Li Qiang in uncomfortable spot as National People's Congress opens

1 March 2024
A production line for Leapmotor electric vehicles in Jinhua, Zhejiang province, China. The country's overall manufacturing activity has contracted for five straight months. (China Daily via Reuters)
Economy

China's factory activity contracts for fifth straight month

After Lunar New Year seasonal factors, focus on legislative moves and March figures

1 March 2024
The Zhongrong International Trust building in Beijing. In 2023, the trust failed to repay investors in some of its trust products.
Caixin

China intensifies efforts to curb risk in troubled trust sector

New regulatory ratings system switches focus to risk management, how businesses are run

1 March 2024
Russian President Vladimir Putin still presides over economic growth despite U.S.-led efforts to isolate his country. (Sputnik/Kremlin via Reuters)
International relations

Cracks in G20 let Russia grow trade with China and India

Western sanctions have failed to hobble Russian economy

1 March 2024
A street scene in Shanghai. China had neared the threshold for a high-income country but is now slipping away.
Economy

China slips further from high-income status as earnings measure dips

Per capita GNI edges down 0.1% in dollars on economic and yuan weakness

1 March 2024
China's real estate slump is threatening to throw the economy into a prolonged slowdown.
China debt crunch

Chinese sales of bad-loan securities jump 46% in 2023

Real estate slump could lead to prolonged economic stagnation, Japan report warns

29 February 2024
TSMC headquarters in Hsinchu: The manufacturing sector was a key driver of Taiwanese economic growth after the island's market bubble burst.
Opinion

Taiwan's post-bubble recovery holds lessons for China

Active monetary and industrial policy played key roles in island's turnaround

29 February 2024
If former U.S. President Donald Trump wins the November election, he is expected to revive protectionist policies, including imposing import tariffs. 
Interview

Trump could impose universal tariff on Day 1: ex-U.S. trade official

Former USTR chief of staff expects push to end trade deficit with Japan

27 February 2024
China Construction Bank is financing nearly 100 real estate projects on a newly created government white list.
27 February 2024
A man looks at listings of homes for sale at a Shanghai broker on Oct. 10, 2023.
Caixin

Chinese banks in Guangzhou ease first-home mortgage requirements

Move comes as country ramps up support for troubled property sector

26 February 2024
China's real estate slump and concern over long-term growth have weighed on stock prices.
Markets

Shanghai stock index reclaims 3,000 mark in recovery rally

State-backed support underpins eight straight days of gains

24 February 2024