Luna Sun joined the Post in 2021, covering China’s economy and social issues. She has previously covered local news and human interest stories in Indiana and New York City before returning to Beijing.
Chinese travellers and tourists spent 700.82 billion yuan during the just-ended holiday week – a 7.9 per cent increase from the same period in pre-pandemic 2019.
Pressures facing China, including from capital outflows, could be allayed by start of US Federal Reserve’s rate-cutting cycle, but real stabilisation will take much more.
The use of foreign domestic helpers in China to lower the costs of child care, mirroring a move by South Korea, would not do much for the declining birth rate, analysts say.
From drone deliveries and surveillance to flying cars and tourism, technology for manned and unmanned aviation applications is being rapidly embraced across China.
A robotics conference has put China’s humanoid robot industry in the spotlight, with new incentives and investment driving market growth and pushing the technology forward.
With a lengthy joint venture in steel between China and Japan coming to an end, analysts reflect on its broader meaning in the context of the two countries’ new roles in the global economy.
China’s consumers are changing their spending priorities as the economic situation changes, a think tank has argued in a report, necessitating changes to the measures intended to spur consumption.
Higher rates of online purchases – and returns – have meant massive increases in courier traffic in China, with 100 billion package deliveries already reported for the year, breaking last year’s record by 71 days.
The central bank is seen trying to counteract forces suppressing Chinese bond yields. But in the absence of monetary tightening, a ‘short-term pause’ to the rally may be the best outcome.
Marriages are also increasingly shunned by the younger generation, sending weddings plummeting in 2024 to what may be a nearly half-century low for China.
About 300 billion yuan in bond proceeds will be earmarked for industrial upgrades in key sectors, and trade-in programmes, with big returns eyed to shore up growth and boost confidence.