Government intervention

The photo taken on 7 January 2024 shows a woman posing for photos next to a poster of Chinese television series Blossoms Shanghai. (AFP)

TV series Blossoms Shanghai fuelling city's consumption boom: Will it last?

One of Shanghai’s commercial areas has seen a boost in consumption since the New Year, partly driven by the popularity of the Blossoms Shanghai television series. Even as consumption returns to pre-pandemic levels, officials will need to do more to ensure that this recovery remains sustainable over the long term. Lianhe Zaobao correspondent Chen Jing tells us more.
This aerial photo taken on 1 November 2021 shows volunteers helping farmers harvest rice in Huzhuang, Jiangsu province, China. (AFP)

China’s embrace of GM crops will have global implications

Despite China’s efforts to make genetically modified organisms (GMO) technology a key plank of China’s food security, China has yet to meaningfully translate its research efforts into successful commercialisation, say academics Shaleen Khanal and Zhang Hongzhou. If China manages to overcome the various obstacles to commercialising GM crops, the global landscape of GMO governance, production and exports will be greatly changed.
Visitors walk past ice sculptures at the Harbin Ice and Snow Festival in Harbin, Heilongjiang province, China, 24 December 2023. (Liz Lee/Reuters)

[Video] China's Harbin pampering visitors to win tourism battle

Harbin has seen an explosion of tourists this Chinese New Year season, and it is pulling out all the stops to welcome them, sometimes to the chagrin of locals. However, can this wave of tourism be sustained, and improve Harbin’s economy? Lianhe Zaobao correspondent Daryl Lim takes a trip to China’s land of snow and ice.
People visit a shopping mall in Beijing, China, on 18 February 2024. (Pedro Pardo/AFP)

China’s capital market faces challenge of shrinking population

Chinese academic Han Heyuan notes that amid longstanding challenges, an emerging issue could sink China’s capital market further in dire straits: a declining population.
Visitors throng a pedestrian shopping street in Shanghai, China, on 10 February 2024. (Nicoco Chan/Reuters)

China set for interest rate cuts to support economy

The People’s Bank of China (PBOC) left a key interest rate unchanged on 15 January, leading the country’s major lenders to keep their benchmark interest rates on hold a week later. The PBOC has been constrained in its ability to cut interest rates over concerns that such a move would drive more capital out of China in search of higher returns. Even so, analysts say the next window of opportunity for a rate cut is likely to be in March or in the next quarter.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

Can China’s ailing stock market turn the tide after the Chinese New Year?

Government intervention has seemingly given investors some respite amid the tumbling stock market. However, can the upward trend continue past the Chinese New Year? Lianhe Zaobao correspondent Yang Danxu looks into the matter.
China's piano industry is on the decline after more than a decade of rapid growth. (iStock)

China’s middle-class families are giving up their pianos

The poor performance of the piano industry has revealed a dying trend of learning how to play the piano in China’s middle class. No longer seen as a gateway into a higher social status, the piano has become a burden given the tough economic situation and the officials’ de-emphasis on piano talent in national examinations. Lianhe Zaobao’s China desk tells us more.
Transmission lines pass in front of the construction site of Shenmu Shenxin power station, a coal-fired power plant, in Shenmu, Shaanxi province, China, on 20 November 2023. (Colleen Howe/Reuters)

China’s ambitious clean energy development raises questions on efficiency

The expansion of renewable energy in China has been driven by the government’s 2020 pledge to reach peak carbon dioxide emissions by 2030 and become carbon neutral by 2060. But the reshaping of a new energy order still has a long way to go.
The logo of Tencent is seen at a Tencent office in Shanghai, China, on 13 December 2021. (Aly Song/Reuters)

China’s gaming industry takes a hit amid challenging outlook

The proposal of new gaming regulations in China have sent shockwaves through the industry, with the top gaming company Tencent seeing its market value drop dramatically. Lianhe Zaobao senior correspondent Chew Boon Leong takes a look at the challenges facing the industry.