24 h. ago More military technologies targeted for civilian sector to boost economy

China will strengthen innovation by developing high-tech industries with military technologies to boost military-civil integration, a move that aims to cultivate new growth drivers and boost the economy, said a recent State Council guideline.

Events

3 d. ago India’s strong economic growth impresses amid doubts on ‘overstated’ data

The better-than-expected growth of India’s economy, driven by strong performance in the domestic consumer and manufacturing sectors, highlights its near-term resilience despite a slowdown in exports and US import tariffs. While India’s 8.2 per cent year-on-year growth figure in the July to September quarter was the fastest among major economies, analysts warn that the headline numbers may not provide a true picture of the challenges it faces. Private consumer spending, which accounts for more...

Economics

6 d. ago Shanghai to shore up manufacturing while eyeing global financial status

Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the “hollowing out” of its manufacturing sector even as it pursues global financial centre status. The city’s next five-year plan, which will cover the period from 2026 to 2030, is expected to contain measures designed to lift manufacturing’s share of gross domestic product to no less than 25 per cent, in line with a national imperative to bolster the real economy and promote cutting-edge...

Economics

9 d. ago Reality check for EU: China is eating your lunch, find growth at home, ECB chief economist argues

Reality check for EU: China is eating your lunch, find growth at home, ECB chief economist argues  Reuters

Politics

1 week ago Hong Kong exports grow 17.5% in October as trade policy uncertainties ease

Hong Kong’s exports grew by 17.5 per cent year on year in October, with authorities expecting the improvement to continue in the near term given consistent moderate global economic growth and easing trade policy uncertainties. The value of goods exported from Hong Kong in the month stood at HK$461.8 billion (US$59.2 billion). The growth, coming on the back of double-digit rises since February this year, further accelerated from the 16.1 per cent increase in September. In particular, exports to...

Events

1 week ago China's ice and snow economy sets to surpass 1 trillion yuan as sector enters growth boom

China's ice and snow economy sets to surpass 1 trillion yuan as sector enters growth boom  ecns.cn

Politics

1 week ago Why US economist Nicholas Lardy thinks the ‘peak China’ theory has peaked

Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic reforms via renewed government intervention into the market. This interview first appeared in SCMP...

Politics

1 week ago ‘A mistaken view’: US economist Nicholas Lardy on the ‘peak China’ hypothesis

Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic reforms via renewed government intervention into the market. This interview first appeared in SCMP...

Politics

2 w. ago As Japan takes aim at crypto, first mover Hong Kong must look out

Mere days after her election as Japan’s new prime minister, Sanae Takaichi delivered a policy speech declaring that a major priority was to build a strong and resilient economy. Since then, her administration has ushered in a rapid-fire series of policies to support digital assets, with the goal of countering Japan’s sluggish economic growth. This shift has introduced a new dynamic in Asia, with Tokyo clearly no longer content to watch Hong Kong become Asia’s premier cryptocurrency hub. Instead,...

Politics

2 w. ago Indian Navy Sends Strong Signal To Beijing As China Offers Submarines to Pakistan, Assures Readiness

Indian Navy Sends Strong Signal To Beijing As China Offers Submarines to Pakistan, Assures Readiness  MSN

Politics

2 w. ago Baidu founder Robin Li: AI the driver of China’s ‘new productive forces’

Chinese search engine and artificial intelligence pioneer Baidu is casting AI as the engine of China’s push for “new productive forces”, touting the emerging technology as a linchpin of Beijing’s economic growth drive. “AI, as a key driver of the new wave of technological and industrial transformation, is vital for accelerating the emergence of new quality productive forces and achieving high-quality economic and social development,” said Robin Li Yanhong, founder and chief executive at...

Politics

2 w. ago Foodpanda feasts on 20% growth, aims to boost Hong Kong market position in 2026

Foodpanda aims to bolster its position in the Hong Kong market in the first half of next year, following a 20 per cent rise in both the number of orders placed and the amount customers spent during the first 10 months of this year. The on-demand food and grocery delivery platform on Wednesday also said that the sector’s prospects were strong, asserting that the city offered ample room for further growth. Ryan Lai Wai-yan, CEO of Foodpanda Hong Kong, said the company achieved a 20 per cent growth...

Politics

2 w. ago Drop in Chinese tourists could cost Japan US$9.59 billion: economist

The Japanese economy could lose about 1.49 trillion yen (US$9.59 billion) over the next year if travellers from mainland China continue to avoid Japan over a row that has derailed the growth in arrivals seen earlier this year, an economist at the Tokyo-based Nomura Research Institute has projected. Takahide Kiuchi, the institute’s executive economist, made the calculation after Beijing told Chinese citizens last week to refrain from travelling to Japan following comments about Taiwan by new...

Economics

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 Hong Kong set for further economic growth after robust quarter, city leader says

Hong Kong’s economy is expected to continue growing after a strong performance in the previous quarter, supported by the global economic environment, a vibrant financial market and an interest rate cut, the city’s leader has said. Chief Executive John Lee Ka-chiu said on Tuesday that a persistent rise in exports and sustained expansion in domestic demand had contributed to the city’s “robust” economic performance in the third quarter, despite turbulence in the global economy, which recorded a...

Politics

2 w. ago Shanghai premium office market picks up amid discounted rents

Lower rents improved occupancy rates in Shanghai’s premium office market as the city reported solid economic growth, but most companies remained cost-conscious amid a cloudy economic outlook and expectations for bigger discounts, according to JLL. Discounts attracted corporate tenants in the quarter ended September, prompting relocations from business parks and suburban areas to grade-A office buildings, the property firm said. “As the rental disparity between grade-A and grade-B properties...

Society

3 w. ago China’s Investment Crash Puzzles Economists and Threatens Growth

China’s Investment Crash Puzzles Economists and Threatens Growth  Bloomberg.com

Events

3 w. ago Hong Kong raises GDP growth forecast to 3.2% as economy performs ‘robustly’

The Hong Kong government has revised its gross domestic product (GDP) growth forecast for 2025 from 2 to 3 per cent to 3.2 per cent, with the economy performing better than expected. The Census and Statistics Department on Friday revealed that it upgraded the real GDP forecast for 2025 to 3.2 per cent, taking into account the actual outturn of 3.3 per cent in the first three quarters of the year and the near-term outlook. The department also announced a revised figure of 3.8 per cent GDP growth...

Politics

3 w. ago Hong Kong raises GDP growth forecast to 3.2% amid ‘robust’ economic performance

The Hong Kong government has revised its gross domestic product (GDP) growth forecast for 2025 from 2 to 3 per cent to 3.2 per cent, with the economy performing better than expected. The Census and Statistics Department on Friday revealed that it upgraded the real GDP forecast for 2025 to 3.2 per cent, taking into account the actual outturn of 3.3 per cent in the first three quarters of the year and the near-term outlook. The department also announced a revised figure of 3.8 per cent GDP growth...

Economics

3 w. ago China's economy jolted by weakest factory output, retail sales growth in over a year

China's economy jolted by weakest factory output, retail sales growth in over a year  Reuters

Economics