Economy
Why Chinese banks now act like local governments
China’s banks are increasingly shaped by state-directed targets, whitelists and performance indicators, pushing them to prioritise policy goals over market logic and resemble local governments in their behaviour. Economist Chen Kang warns of the systemic risks in trading market pricing for rigid policy-driven lists.
Chen Kang
23 Jun 2026
Economy
Built to impress: Why China’s tourism boom leaves white elephants behind
China’s tourism boom has produced a wave of ambitious megaprojects across the country, but many have stalled or failed to attract visitors, leaving behind costly white elephants. Lianhe Zaobao correspondent Liu Liu reports.
Liu Liu
10 Jun 2026
Economy
China’s housing market flashes signs of life in core cities
China’s property market shows signs of life with sharp luxury project rebounds in Shenzhen and Shanghai. Yet this fragile recovery remains highly uneven; mid-tier markets still languish while growth relies heavily on bargain hunters.
Caixin Global
05 Jun 2026
Economy
PwC’s Evergrande crisis deepens with record Hong Kong settlement and criminal probes
Evergrande’s fraud has caught up with PricewaterhouseCoopers in Hong Kong, bringing major fines, client exits and criminal probes, and casting doubt over the accounting giant’s future in Hong Kong and mainland China.
Caixin Global
04 May 2026
Economy
Why China’s finances are weaker than they seem
While China has outlined an expansionary macroeconomic strategy, researcher Amit Kumar dives into the fiscal data that show the severe limitations of China’s fiscal capacity, such as a declining national budget revenue and high debt burden.
Amit Kumar
19 Mar 2026
Economy
[Big read] Benjamin Fok: I was just an assistant to my father, Henry Fok
Benjamin Fok, son of Hong Kong legendary tycoon Henry Fok, was never one filled with business ambitions. In an interview by Lianhe Zaobao journalist Li Yaning, Benjamin speaks about his start in the family business, the advent of artificial intelligence, his hopes for his sons and his passion for skiing.
Li Yaning
27 Jan 2026
Society
[Vox pop] Can young people in China afford a home today?
In China, the price-to-income ratio has long been among the highest in the world, with home prices in some major cities reaching levels that would take over 30 years of income to match. And now, after four years of declining prices triggered by the country’s real estate crisis, ThinkChina’s Lu Lingming and Yi Jina speak with some Chinese to hear how they view the housing market today.
Lu Lingming, Yi Jina
28 Nov 2025