51 h. ago Chinese consumer and tourism firms turn to shareholder perks to stimulate sales

Chinese consumer and tourism firms turn to shareholder perks to stimulate sales  South China Morning Post

Economics

68 h. ago Tesla’s China plant sees shipment surge ahead of subsidy expiry

Tesla’s Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries...

Politics

5 d. ago Why do Chinese no longer feel the need to boycott Japanese products?

During past flare-ups in diplomatic tensions between China and Japan, Chinese consumers spontaneously boycotted Japanese goods. But the latest row, sparked by controversial remarks on Taiwan by Japanese Prime Minister Sanae Takaichi, has met with a markedly different response, with almost no one in China calling for a boycott of Japanese products. Part of the reason for the turnaround is a seismic shift in China’s consumer market, with the Japanese home appliances, digital gadgets and cars once...

Politics

1 week ago Chinese consumer brands flood into Africa as old investment model fades and exports jump 28%

Chinese consumer brands flood into Africa as old investment model fades and exports jump 28%  CNBC

Events

2 w. ago Chinese economist calls on Beijing to add consumption target to long

China should add a quantitative target for consumption growth as part of its long-term modernisation goals to help sustain growth momentum as the country’s population declines, a prominent Chinese economist said. “In addition to setting a gross domestic product growth per capita target through 2035, we should also establish a target for the household final consumption rate – meaning the share of household consumption in GDP should be increased as well,” said Cai Fang, an academician at the...

Events

2 w. ago 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 more than 40 academic papers, six books and numerous magazine articles, he has studied issues critical to China’s economy, including the exchange rate, industrial development, food security and external imbalances. Lu has also served as an adviser to several government agencies, including the Ministry of Finance and the Ministry of Human Resources and Social Security. This...

Economics

2 w. ago These Chinese Cities Are the Silent Engine Powering a Consumer Revival

These Chinese Cities Are the Silent Engine Powering a Consumer Revival  Barron's

Politics

3 w. ago China’s chief space contractor readies plans for tourism programme

As companies like SpaceX and Blue Origin make headlines for sending non-astronauts into space on pricey private tours, a Chinese state firm is expected to unveil its own space tourism programme this week, joining other domestic enterprises as they attempt to make headway in the rapidly emerging – and US-dominated – market. China Aerospace Science and Technology Corp (CASC), the primary contractor for the country's space programme, will unveil details of its inaugural tour at the China Hi-tech...

Events

3 w. ago ‘Not in this economy’: why Guangdong is struggling to tempt consumers to spend

In early November, China’s most populous province launched its biggest ever consumer subsidy programme, with the government pledging to commit 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Economics

3 w. ago Huge subsidy scheme in China’s most populous province 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 3.5 billion yuan (US$492 million) to offer discounts on a slew of products: from smartphones to snowboards. Guangdong’s scheme is the latest attempt by Chinese authorities to use consumption vouchers to boost domestic spending – a campaign that is key to China’s efforts to shore up growth and rebalance its economy amid the ongoing US trade war. But on the...

Politics

4 w. ago ‘Interest surged’: Canada travel searches spike in China as group tours resume

Beijing’s decision to allow group travel to Canada to resume for the first time since the Covid-19 pandemic has sparked a surge in interest in visiting the country among Chinese consumers, with Chinese travel platforms recording a jump in related searches. China announced it was ending the group tour ban in early November, just days after Chinese President Xi Jinping met Canadian Prime Minister Mark Carney in South Korea and called for relations between the two countries to get “back onto the...

Politics

4 w. ago Alibaba’s ‘instant commerce’ bet pays off: Taobao hits 100 million new orders

Alibaba Group Holding is seeing solid early results from its push into “instant commerce”, a shopping model the Chinese technology giant hopes will drive sales growth amid sluggish consumer spending and intensifying e-commerce competition. According to the latest company data, Taobao Shangou – Alibaba’s “instant buy and instant delivery” service – generated more than 100 million non-food orders from new users during the first two weeks of the Singles’ Day shopping festival as of Wednesday. The...

Economics