With sluggish sales, a growing list of unfinished projects and mounting debt repayments, China's property crisis, which is stretching into its third year, is now spreading to state-owned developers.
Private enterprise
Economy
China is focusing its attention on building a regulated platform economy that can drive the country’s economic recovery. That was the message from Chinese Premier Li Qiang to platform companies during a session on 12 July. How will platform companies respond? Lianhe Zaobao correspondent Chen Jing looks into the recent development.
Economy
Even after announcing his retirement in 2018, Hong Kong business magnate Li Ka-shing is still making headlines. From the introduction of his granddaughter to the family businesses to the recent divestments of his companies from the UK and Europe, recent developments have led analysts and the public to speculate on mainland China’s economic conditions and whether Li could make a comeback. Lianhe Zaobao’s China Desk delves into the recent developments surrounding Hong Kong’s “Superman”.
Economy
A swathe of negative economic data for April, which included the manufacturing sector unexpectedly contracting and retail sales missing forecasts, indicate that China's recovery remains lopsided. It’s not a question of whether there is enough money being pumped into the economy to fuel the recovery, but instead where that money is going and why people aren’t availing themselves of more credit?
Economy
Jack Ma’s recent return to China has made waves and offers some hope for the revival of the entrepreneur class in China. But this group of people have never shaken off their dual identity as entrepreneur-capitalists. With the rise of a group of diehards romanticising the glory of past eras, entrepreneurs, and in turn the development of China’s market economy, face obstacles.
Economy
In 2023, a record of 11.58 million students in China are expected to graduate from higher education institutions. But the perennial struggle to find employment after graduation is especially dire this year. How will China's youths cope with the situation, and what measures have the Chinese government put in place to stabilise employment?
Politics
Zaobao correspondent Yang Danxu looks at the first press conference by new Chinese Premier Li Qiang, and notes how he has defined the role of the new government as an "implementation team", which will faithfully uphold the authority of the CCP Central Committee and implement the plans of the 20th Party Congress.
Economy
A comment by New Oriental’s founder Michael Yu Minhong has sparked online debate on the ideals of private entrepreneurs in China. However, amid the commotion, Yu actually has sound advice for the business community in navigating through tough times.
Economy
China’s top officials have set out the target for the country’s economic growth and drivers for 2023, but the real work is just beginning. To meet economic growth targets and ensure economic recovery, it seems that the basic idea is to boost domestic demand and support the private sector.