The Chinese economy is still weighed down by weak consumption and property market woes.
Economy

OECD revises 2024 global growth forecast upward, but notes risks

China held back by housing, consumption woes, but Asia overall still bright

5 February 2024
The combined market value of tech platform operators such as Alibaba and Tencent has fallen by 50% to 70% since June 2021. (Photo by Tomoko Wakasugi)
Markets

China's favored state-owned companies squeeze private sector

Market cap of private concerns drops 60% in two and a half years, study finds

5 February 2024
Former U.S. President Donald Trump holds a campaign rally in Las Vegas on Jan. 27. Trump imposed tariffs on hundreds of billions of dollars worth of Chinese goods in 2018 and 2019.
U.S. elections 2024

Trump says U.S. must impose more tariffs on China, possibly over 60%

Republican presidential candidate denies he would start new trade war with Beijing

5 February 2024
Super Ming stores quadrupled from about 700 at the end of 2022 to more than 2,900 at the end of 2023. (Photo by Tomoko Wakasugi)
Retail

Thrifty Chinese consumers flock to discount snack shops

Sector expands sharply as shoppers favor local convenience over online orders

4 February 2024
The world is bracing for a surge in exports of cheap building materials from China as the country continues to face a housing glut, which reached an equivalent of 50 million homes at the end of 2023.
Datawatch

Housing glut leaves China with excess homes for 150m people

Market hit by a double whammy of weak sales and population drop

3 February 2024
A construction site in China's Tianjin. The municipality's 2024 GDP expansion target of 4.5% is the lowest of all the nation's 31 provincial-level governments.
Caixin

Over half China's local governments curb their growth ambitions for 2024

Move comes after many regions missed last year's goals

3 February 2024
ByteDance increased its lobbying spending by 77% in 2023 over the previous year.
Companies

ByteDance, Shein sharply boost spending on lobbying in U.S.

Chinese firms seek to minimize effects of alarm over bilateral tensions

3 February 2024
Both Murata Manufacturing and Keyence reported smaller profits for the nine months ended December. (Nikkei montage/Source photos by Atsushi Ooka, Toshiki Sasazu)
Business trends

Japan's Murata, Keyence face falling profits on China slowdown

9-month earnings take hit at companies with most exposure to country's economy

3 February 2024
China's economy will face "headwinds from weak productivity and population aging" in the medium term, the IMF says.
Economy

China's economy is headed for slower growth, IMF says

GDP expansion could drop to 3% range in 2024-25 without policy response on real estate

2 February 2024
A decline in new condominium development in China stemming from slumping sales has put a dent in local land-use rights transactions. (Photo by Iori Kawate)
Economy

China's land revenue falls 13% in hit to local governments

2023 marks second straight year that critical source of income falls

2 February 2024
Beijing's Central Business District on a rainy day in July, 2023. American businesses in China say they are most worried about tensions between the two countries.
Business trends

Bilateral tensions top woes of American businesses in China

Survey shows modest improvement in expectations for economic growth

1 February 2024
Elon Musk gets in a Tesla in Beijing in May 2023: Musk seems to be admitting that the company could lose its edge to Chinese carmakers as the EV industry matures.
Opinion

Elon Musk gave a lot away with his call for new China tariffs

If innovation was still Tesla's strength, it wouldn't be seeking corporate welfare

1 February 2024
Cars for export wait to be loaded onto a cargo vessel at a port in Lianyungang, China.
Automobiles

China overtakes Japan in auto exports with boost from EVs

Japan loses crown for 1st time in seven years amid BYD's rise

1 February 2024
Gold ingots have become popular with Chinese consumers wary of property and stock market investments.
Economy

China gold purchases soar 30% on economic anxiety

Central bank and individual investors seek stability amid geopolitical risks

1 February 2024
Employees work on a production line at a Shaanxi Automobile Group factory in China's Shaanxi province.
Economy

China factory activity shrinks less sharply ahead of Lunar New Year

PMI remains in contraction at 49.2; Hong Kong GDP accelerates thanks to mainland tourists

31 January 2024
Residents visit a fair ahead of the Chinese Lunar New Year in Beijing.
Economy

Resilient China and U.S. lift IMF global economic outlook for 2024

Growth forecasts also upgraded for India, ASEAN-5 but cut for Japan

31 January 2024
: A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf.
Commodities

Iran's oil exports reach 5-year high, with China as top buyer

Rising supply from sanctions-hit country tamps down prices amid tensions

31 January 2024
Singapore Economic Development Board Managing Director Jacqueline Poh, left, and Chairman Png Cheong Boon speak to reporters on Jan. 30. (Photo by Tsubasa Suruga)
Economy

Singapore's investment pledges from U.S., China dropped in 2023

Total commitment falls 44% amid 'challenging' global environment

30 January 2024
China’s real GDP growth, which is adjusted for inflation, beat the government’s target to grow at 5.2% in 2023
Caixin

China's debt-to-GDP ratio climbs to record 287.8% in 2023

Macro leverage ratio rises 13.5 percentage points from year earlier

30 January 2024
Construction is seen in Beijing City Sub-center in Tongzhou.
Caixin

Beijing government repays bond 17 years early to save on interest

City cut interest costs by 70% in 2023 by paying off debt before maturity

29 January 2024
The share of overweight and obese children and adolescents in China has surged 400% over the last two decades.
Caixin

Some 40% of Chinese children face obesity by 2030, study finds

Experts call for 20% tax on sugary drinks to combat rising health costs

28 January 2024
Jin Zhuanglong, center, China's minister of industry and information technology, wants to improve supply chain cooperation with Japan in areas such as semiconductors and automobiles. (Photo by Shunsuke Tabeta)
Trade

China's industry minister seeks Japan cooperation in chips, autos

Japanese business leaders call for flexible cross-border data controls

27 January 2024
Staff lower the Chinese national flag outside Exchange Square in Hong Kong.
Markets

China stimulus measures greeted with skepticism by foreign investors

Investors question why Chinese and Hong Kong shares can't get cheaper

27 January 2024
Hongqiao Station in Shanghai on Jan. 26 is packed with people traveling during the holiday season. (Photo by Tomoko Wakasugi)
Travel & Leisure

China forecasts 14% drop in travelers during Lunar New Year

Use of private cars may signal that consumers are tightening their belts

26 January 2024
A company from China showcases products and components that it produces during the CES electronics show in Las Vegas, Nevada, on Jan. 11. (Photo by Brendan Smialowski / AFP)
Business Spotlight

China's slump pushes its smaller companies overseas for growth

Suppliers venture out on their own, drawn by opportunity and driven by limits at home

26 January 2024