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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.
Gold sales have slumped in China as the global spot price drops amid consumer caution and an unstable economic outlook. Photo: Getty Images
Mainland China

Gold slump: China’s sales plunge as precious metal’s price dips

While China’s interest in gold is unlikely to fade, investment-grade product sales have dwindled after 15 months of retail growth.

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China property

Park life: why China’s malls are building forests, waterfalls and sky walkways

China jobs

China’s gig economy is an employment reservoir – but is the well drying up?

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China travel

China, South Korea agree to more flights per week as tourism to Japan dwindles

The additional flights are the first increase between the two countries since before the Covid pandemic.

A Korean Air plane at Shanghai Pudong International Airport. Photo: Shutterstock
IPO

IPOs, expansion plans give China’s growing pet food sector paws for thought

Shanghai-based pet food maker Fubei has filed an application for an initial public offering in Hong Kong.

China-Latin America relations

China opens door to all Brazilian beef, then slams it with a 55% surtax

Recognition lifts a long-standing sanitary barrier, but an import quota in force since January caps how far Brazilian beef sales can grow.

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China’s private sector

The big scoop: lemon tea chain to revamp Haagen-Dazs’ struggling China business

General Mills is offloading the ice cream brand’s mainland China stores, as foreign businesses revamp models amid heated domestic competition.

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Haagen-Dazs currently operates nearly 200 stores in mainland China. Photo: Handout
Tourism

More Chinese provinces and cities add holidays in bid to spur consumption

Central government has added 5 days of public holidays this year, and local administrations are extending spring and autumn school breaks.

Mainland China

Can social media save the wine industry from irrelevance in China?

China is drinking far less wine than a few years ago. To turn the tide, the industry must work with Chinese influencers, an insider says.

China food security

China hog prices, near decade low, seen squeezing profits amid deflation risks

Ministry data reveals nine-month slump in breeding stocks while top-listed companies face big financial hits as rising fuel and grain costs erode margins.

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A pig is seen in China’s Hunan province. The price of live pigs in the country remains near a decade low. Photo: SCMP
China property

China should learn household balance sheet lessons from US: report

Chinese policymakers could use American response to recessions as a reference, new report argues.

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A cyclist rides past a residential construction site in Beijing in November. Photo: Getty Images
China’s private sector

A new battlefront for KFC and its Chinese rivals: the lighter meal

Big-name fast-food chains are seeking to capitalise on a surge in demand in China for lighter meals.

China GDP

China boosts services for migrant workers to spur consumption

Cities will have to give migrant workers and their families better access to healthcare and education services under a loosening of the household registration system.

Luxury brands

China sales hold up as European luxury brands warn of Iran war impact

While LVMH, Hermes and Prada recorded increased sales in Chinese market, Kering reported a decline.

A Labubu toy hangs from a bidder’s Hermes bag at an auction by Yongle International Auction in Beijing in June last year. Photo: Reuters
Hong Kong property

Hong Kong to see more mainland Chinese brands enter retail market, analysts say

In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland brands, according to JLL.

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Last year, Mao Geping Cosmetics opened its first outlet in Hong Kong at Harbour City in Tsim Sha Tsui. Photo: Li Cao
China's economic recovery

HSBC cuts China retail sales forecast by nearly half on property, job pressures

Consumption is facing renewed pressure as a weak labour market and diminishing returns from subsidies cloud outlook, the bank says.

China economy

China’s unexpected retail slowdown shows Hormuz strains

Retail sales growth slumped in April, industrial output cooled and fixed-asset investments tumbled as high oil prices hit China’s economy.

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China manufacturing

China’s economy ‘weaker than expected’ in April as Iran war headwinds bite

China’s retail sales growth fell to just 0.2 per cent in April, while industrial output and fixed-asset investment softened more than forecast.

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Workers at a Sany new energy heavy truck factory in Changsha, Hunan province, on May 12. A new truck rolls off the production line every six minutes. Photo: Xinhua
Hong Kong property

Fresh concepts lift Hong Kong retail property as tourists and consumers return

Landlords betting on a diversified tenant mix – from pop-ups to ‘sportainment’ – to sustain growth in retail property market, analysts say.

China’s film industry

How a tiny indie movie sparked a major tourist boom in southern China

Made on a shoestring budget, the hit drama Dear You has triggered a surge of interest in the history of southern China’s Teochew diaspora.

Banking & finance

China’s credit demand weak in April despite policy support, strong industry

Lending growth slows as borrowing demand from households and businesses remains weak.

An elderly man walks past a bank branch in the Central Business District in Beijing in April. Photo: EPA-EFE
China inflation

China’s producer, consumer inflation up in April as Iran war pressures persist

Factory-gate prices increased 2.8 per cent last month and consumer prices were up 1.2 per cent, surpassing expectations as fuel costs rise.

A ship offloads liquid natural gas at the PetroChina Jiangsu LNG terminal at Yangkou port in Rudong, in eastern China’s Jiangsu province. Photo: AFP
China economy

Opinion | Can China engineer a price recovery that doesn’t make people feel poorer?

The producer price uptick offers a policy window: if reinforced by household demand and expectations, it could kick off a broader recovery.

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China travel

China’s record travel volume meets cautious spending in May Day holiday surge

Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending.

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China’s film industry

China’s Labour Day box office disappoints despite strong line-up – what happened?

Cold War 1994 and The Devil Wears Prada 2 were tipped to shine in a crowded release window – but many consumers chose to stay away.

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A moviegoer walks by a poster of The Devil Wears Prada 2 at a cinema on Monday in Shanghai. Photo: VCG via Getty Images
China GDP

China’s economy in 2026

First-quarter GDP grew 5 per cent as strong manufacturing and exports masked weak domestic spending and a March slowdown.

China’s economy in 2026
Shenzhen

Shenzhen’s economic dilemma: soaring GDP, stagnant consumption

Shenzhen’s retail sales barely rose in the first quarter despite strong GDP growth, a sign of the Chinese tech hub’s unbalanced development.

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China's economic recovery

China’s ‘common prosperity’ push faces reality check as inequality rises: study

A leading economist warns widening income and wealth gaps are constraining Beijing’s agenda.

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