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China consumption

China consumption
The latest news, analysis and opinion on China consumption. In-depth analysis, industry insights and expert opinion.
People carry bags while walking through the central business district in Beijing. Photo: Getty Images
China's economic recovery

Economists urge Beijing to act fast on local-level debt while prices remain low

Prominent advisers note importance of central authorities expanding borrowing to fund infrastructure before the current window of subdued inflation closes.

World Gold Council

As China’s consumption of gold jewellery slumps 34%, sellers pivot abroad: WGC

Consumers

How Perfect Diary owner Yatsen plans to give its business a glow-up

Hang Lung Properties

Pets and personal touches: how China’s luxury hotel market is changing

Today’s Chinese guests expect hotels to offer cultural experiences, personalised touches and a pet-friendly environment, Hang Lung director says.

A view of a hotel room at Hilton’s new Xi Zhe Wuxi hotel in Wuxi, Jiangsu province. Photo: Handout
China economy

China’s economy to see slower loan growth amid sluggish consumption, investment

Loans reverse record contraction a month earlier but fall far short of expectations as property slump drags and deposits rise.

China's economic recovery

Pressure on China’s economy persists in August as investment, consumption slow

The drop in overall fixed-asset investment widened last month, as retail sales grew 0.4 per cent year on year.

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China travel

How China’s inbound tourism could ease strain on weak domestic consumption

Country’s inbound travel revenue forecast to double share of economy and capture 15 per cent of global holiday market, Swiss bank says.

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Policymakers increasingly see inbound tourism as an incremental consumption driver amid weak domestic demand, a UBS report says. Photo: Xinhua
Mainland China

End of the supermarket? Why China’s shoppers flock to small ‘community stores’

Young Chinese favour local grocery stores offering low prices and fast delivery, with some saying they haven’t been to a supermarket in years.

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Taobao

Taobao’s ‘ugly’ products turn humour and individuality into a booming business

Items that might have once been seen as unmarketable are going viral online as shoppers embrace quirkiness and novelty over conventional aesthetics.

China economy

Improving migrant workers’ lives key to boosting Chinese consumption: HSBC

Report says reforms aimed at reducing their high precautionary savings rate could unlock US$95 billion a year in spending.

Migrant workers at a construction site in Shanghai. Photo: EPA
Apple

Apple enters a crowded foldable smartphone market in China – can it beat Huawei?

The new iPhone Duo flagship handset is trending on Weibo but faces fierce domestic competition and local hurdles.

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Apple’s foldable iPhone Duo is unveiled during Apple’s special event at the Steve Jobs Theater in Apple Park in Cupertino, California, United States, on Wednesday. Photo: EPA
China economy

Gold jewellery loses its lustre as Chinese switch focus to bars and coins

High prices and decline in marriages cited as reasons for one-third drop in jewellery sales in first half of year.

Electric & new energy vehicles

Over 65% of cars sold in China are now EVs as Iran war drives electric shift

China’s electric vehicle adoption rate has hit yet another record high, as rising fuel prices accelerate the pivot away from petrol cars.

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US, Israel war on Iran

China’s factory-gate price growth quickens as Iran war fuels energy volatility

Producer price index rises 3.8 per cent, beating economists’ projections amid war-driven oil surge and weak domestic demand.

Workers on an electric vehicle production line at the Volkswagen Anhui factory in Hefei, Anhui province. Photo: Reuters
China economy

Open Questions | Better social security is key to fixing China’s unbalanced economy: Lan Xiaohuan

The bestselling author also discusses how recent geopolitical events are shaping China and makes the case for a social safety net.

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Illustration: Henry Wong
China’s private sector

China bans private tutoring. So why are cram schools still bleeding parents dry?

Five years ago, China imposed a sweeping ban on for-profit academic tutoring. But the sector has quietly made a comeback amid intense parental demand.

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China's economic recovery

Beijing bets on a US$1 trillion sports boom to revive consumption, job market

China is looking to leverage fitness and events to stimulate local economies, as new five-year blueprint aims to nearly double the economic output of the athletic sector.

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United States

Sam’s Club to expand faster in China as members pass 10.7 million

Company to open 13 new stores this year, bringing total to 76, as value prices and exclusive goods prove to be a winning formula.

People shop in a Sam’s Club store in Shenzhen, in southern China’s Guangdong province, on June 15. Photo: Sam Tsang
China's economic recovery

The double-edged sword China has unsheathed in the housing market

Beijing aims to restore buyer confidence, trading near-term financial pain for some developers for long-term market stability, analysts say.

China manufacturing

China’s factory activity improves in August, but stays in contraction

The PMI index was up last month to 49.8 from 49.2 in July, according to figures from the National Bureau of Statistics.

China economy

Will minimum-wage increases in more Chinese regions help boost consumption?

Guangdong, Shanxi and Xinjiang have announced plans to introduce increases of 10 per cent or more in the next few months.

A worker shovels coal at the Zhundong open-pit coal mine in Xinjiang. Photo: Xinhua
Mainland China

‘On-the-ground exports’: Shanghai turns to foreign tourists to boost consumption

Inbound visitors are considered a low-cost initiative to address the nation’s consumption figures.

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Tourists from Russia take a selfie at the Bund area in Shanghai. Photo: Xinhua
Haidilao

Takeaway boom, new brands make up winning mix for Chinese hotpot chain Haidilao

Takeaway emerges as Haidilao’s fastest-growing segment as it diversifies its formats, expands into lower-tier markets despite a soft economy.

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China’s private sector

As bubble tea craze cools in China, can full equity buyouts revive growth?

Bain Capital’s acquisition of Gong Cha may signal a shift in bubble tea investment strategy, as sector slows after years of rapid expansion.

Retailing

Louis Vuitton trims China presence amid fallout from trademark dispute

The latest China store exit in Guiyang highlights the luxury brand’s struggle to balance prestige with cultural empathy amid legal disputes.

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People walk next to a Louis Vuitton shop in Shanghai. Photo: AFP
China's economic recovery

‘Policy addiction’ warning signals Beijing’s preference for targeted stimulus

With an eye on long-term stability, People’s Daily says officials have tools to respond amid weak demand, property risks and local-government debt.

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People ride bicycles on a street in Beijing. China’s leadership is looking to avoid an overreliance on strong policy stimulus while striving to reach economic growth goals. Photo: AP
Durians in China

Chinese durian lovers rejoice as better logistics send prices lower

Improved cold-chain transport links are making durians cheaper in the world’s biggest market for the pungent tropical fruit.

China's economic recovery

Shanghai is lowering second-home down payments. Will it aid the property market?

The megacity joins Beijing in further easing financial barriers for homebuyers, as authorities push to spark a durable recovery.

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