Small restaurants in China starve as consumers suppress appetite for spending
Small restaurants across mainland China have taken a beating as budget-conscious consumers refrain from dining out because of…
China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…
Policy body urges China to confront economic challenges, confident of demand recovery
China’s top economic policy coordinator has urged the country to confront unavoidable challenges, while expressing confidence that investment…
China’s new ‘invest in people’ slogan heralds a rethink in economic strategy
Beijing’s fresh imperative to “invest in people” – first raised in a proposal for the 15th five-year plan…
China to keep high fiscal deficit ratio in 2026 to buoy spending plans: analysts
China is expected to set its fiscal deficit ratio at around 4 per cent of gross domestic product…
China’s central bank vows ‘strong breakwaters’ to shield from external shocks
Central bank governor Pan Gongsheng has stressed the importance of China maintaining a sound monetary system that remains…
Shanghai bets on manufacturing to buttress finance in two-pronged growth plan
Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the…
Chinese economist calls on Beijing to add consumption target to long-term goals
China should add a quantitative target for consumption growth as part of its long-term modernisation goals to help…
China warns against abandoning traditional sectors in economic transition
Developing China’s “new quality productive forces” – a growth model championed by Beijing that emphasises technological breakthroughs and…
China’s vow to shield manufacturing aims to ward off industrial decline
Beijing has pledged to prevent industrial hollowing-out by safeguarding the share of manufacturing in its economy, noting that…
New phrase, new phase? China’s central bank adjusts language on yuan internationalisation
China’s central bank has adopted a more proactive tone when describing its efforts to promote the global use…
China’s top cities, inland provinces lead GDP growth as domestic demand strengthens
As China stays on track to achieve its annual growth target, top-tier cities Shanghai and Beijing – along…