{"id":826825,"date":"2026-07-27T11:27:24","date_gmt":"2026-07-27T11:27:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/826825\/"},"modified":"2026-07-27T11:27:24","modified_gmt":"2026-07-27T11:27:24","slug":"chinas-k-shaped-economy-is-divided-not-just-by-sector-but-geography","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/826825\/","title":{"rendered":"China\u2019s \u2018K-shaped\u2019 economy is divided not just by sector, but geography"},"content":{"rendered":"<p>China\u2019s so-called K-shaped economy has attracted attention in recent months, as official data <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3358906\/china-faces-economic-balancing-act-ai-and-exports-boom-while-consumers-stay-home?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">shows a disparity<\/a> between the country\u2019s fast-growing hi-tech industries and stagnant consumer sector.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But a similar pattern is also taking shape geographically, with regions benefiting unequally from the tech boom.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Chinese provinces have now released their growth data for the first half of the year, and the figures show a clear bifurcation between thriving tech hubs and the rest of the country.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The eastern Zhejiang province \u2013 home to tech giant Alibaba Group Holding, as well as high-flying artificial intelligence and robotics start-ups DeepSeek and Unitree \u2013 led China\u2019s major regional economies, with its output growing 5.7 per cent year on year to nearly 4.8 trillion yuan (US$708 billion). Alibaba owns the South China Morning Post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">This outperformed China\u2019s national growth rate of 4.7 per cent for the first half, even as several other provinces lagged significantly behind.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cProvincial growth data echoes China\u2019s K-shaped story,\u201d said Xu Tianchen, senior economist at the Economist Intelligence Unit (EIU).<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s so-called K-shaped economy has attracted attention in recent months, as official data shows a disparity between the&hellip;\n","protected":false},"author":2,"featured_media":826826,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[40164,217984,64,63,3686,99,512,28300,30950,164,39380,18462,31158,40649,232960,55772,4933,112797,37335],"class_list":["post-826825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alibaba-group-holding","tag-anhui","tag-au","tag-australia","tag-beijing","tag-business","tag-china","tag-deepseek","tag-economist-intelligence-unit","tag-economy","tag-guangdong","tag-hainan","tag-jiangsu","tag-liaoning","tag-nomura","tag-peking-university","tag-shanghai","tag-unitree","tag-zhejiang"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/826825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=826825"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/826825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/826826"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=826825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=826825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=826825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}