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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 crowd a walkway and bridge over West Lake in Hangzhou, Zhejiang province, on May 3 during the five-day Labour Day holiday. Photo: AFP
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 food security

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

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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.

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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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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.

Photo: VCG via Getty Images
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.

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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A man sits on a shared bike as he looks at a Lamborghini for sale at a luxury car dealership in an upscale commercial area on November 5, 2024, in Beijing. Photo: Getty Images
China travel

From Beijing to backwaters? Why China’s live music boom is spreading

Local authorities are using big concerts to attract tourists and revenue, part of broader efforts to boost consumption under new five-year plan.

Fans at the Strawberry Music Festival during Labour Day holiday in Wuhan, Hubei province, China, on May 1, 2021. Photo: Reuters
China trade

Durian Express? China brings in cheaper fruit with new Southeast Asia train

A new cold-storage rail service is whisking mountains of durians from Thailand to China, reducing prices for the prized fruit.

China travel

Trip.com aims to bring 200 million tourists to China, buoying GDP growth

The company believes China could become the world’s top tourism destination, according to reports.

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China's economic recovery

Open Questions | How China can avoid a repeat of Japan’s ‘lost decades’

Bai Chongen, an economist and adviser to China’s government, explains how the country can dodge ‘Japanification’ and why its economic rise is misunderstood.

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Illustration: Henry Wong
China travel

China braces for record Labour Day travel surge as tourism demand remains robust

China expects to handle a record 304 million cross-regional trips per day over the holiday, as the government focuses on boosting consumption.

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China is expecting to see a record surge in cross-regional travel over the coming Labour Day holiday. Photo: Shutterstock
China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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