Caixin

Pedestrians walk at Shibuya Crossing in the Shibuya district of Tokyo, Japan, on 27 October 2023. (Philip Fong/AFP)

China may find cure for stagflation by studying Japan’s experience

According to a report by Morgan Stanley released in August, China is facing the triple challenge of mounting debt, an ageing workforce and deflation, raising concern that the country is heading for a fate similar to Japan’s in the 1990s. Could Japan’s experience offer lessons to Chinese policymakers about how to battle prolonged stagnation?
The logo of China's Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken 22 March 2021. (Florence Lo/Illustration/Reuters)

China’s internet content kings struggle to keep users paying

China’s internet content industry has finally cultivated its first group of paying customers following years of heavy spending and heated competition. Maintaining momentum, however, will be a tall order.
A general view of visitors looking at models from BYD, a Chinese automobile manufacturer, ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, on 4 September 2023. (Leonhard Simon/Reuters)

China-Latin America ties deepen amid boom in cross-border auto trade, e-commerce

China has been Latin America’s second largest trading partner since 2012, and last year total bilateral trade reached a record high of US$486 billion. Against the backdrop of the ongoing friction between Beijing and Washington, and the latter’s push for nearshore trade, Mexico has been the biggest beneficiary.
The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, on 11 November 2020. (Aly Song/Reuters)

Big tech is changing in China, and so are its hiring plans

China’s tech sector has been making mass layoffs, freezing hiring and cutting pay since 2022, and there is little sign of a bounce-back. Cost reductions, efficiency enhancement or talent structure optimisation are often the words these companies use. But what is really weighing on the job market are sluggish business growth, intensified market competition and the unprecedented challenges of the business landscape amid new technology.
A worker walks past a housing complex under construction by Chinese property developer Evergrande in Wuhan, Hubei province, China, on 28 September 2023. (AFP)

Rethinking China’s property market meltdown

The market for Chinese developers’ dollar-denominated bonds has seen a meltdown over the past two years, losing 87% of its value, sparking renewed calls for a fresh approach to stimulating the property market.
People attend a job fair in Beijing, China, on 19 August 2023. (Jade Gao/AFP)

Why foreign degrees have lost their lustre for Chinese graduates

More than 1.2 million Chinese studying overseas are expected to return home this year, but the hunt for a job this year could be tougher than in past years for these overseas graduates. In the countries where they studied, Chinese graduates are also finding it hard to secure a job. With global economic growth slowing and unemployment rising, some countries have accelerated the pace of stabilising their job markets this year, including tightening visa rules.
People visit Huawei's flagship store in Tianjin, China. (Weibo)

Huawei’s EV partnership yields unexpected hit

To maintain Huawei’s consumer products sales channels, Richard Yu, chairman of Huawei’s smart car unit, created Huawei Smart Selection model to partner with automakers to make cars and sell them at nearly 60,000 Huawei phone stores across the country. But the Smart Selection model is not without variables and risks from its partners. Caixin Global journalists tell us more.
An employee works on a large construction equipment at a factory in Haian, Jiangsu province, China, on 16 October 2023. (AFP)

China’s family-run businesses face succession issues

China's economic boom has driven the flourishing of private entrepreneurship and led to the emergence of tens of millions of family businesses in the country. But many of these businesses are facing a challenge now: who will be their successor? Caixin journalists tell us more.
A customer shops at a supermarket in Nanjing, Jiangsu province, China, on 13 October 2023. (AFP)

The struggle facing big-box supermarkets in China

A broader depression has been weighing on the country’s supermarket sector, especially for big-box retailers that are fighting the rising tide of competition from online shopping platforms and smaller physical stores.