Economic recovery

As the world’s second largest economy, China’s domestic consumption has a major influence on the global economy. The Chinese government has said that its focus is on boosting China's domestic economy and consumption. But how should it go about achieving it? Researcher Ding Ke says it depends on the kind of society China wants to build.

Chinese academic Chen Bo explains Shanghai’s continued allure for international investors, despite the economic impact of last year’s pandemic restrictions and lockdowns.

Zaobao journalist Meng Dandan looks into the current shortage of workers in various areas of China, especially in the labour-intensive manufacturing sector. Why is it so difficult to hire and retain workers, and what does this mean for the world’s factory and the global supply chain?

Data from the Chinese Ministry of Finance shows that revenue in the local general public budget dropped 2.1% to 10.9 trillion RMB in 2022. As massive tax relief, “zero-Covid” outlays, and a property market meltdown drained their coffers, China’s local governments struggled to balance revenue and spending last year. One state-backed think tank warns that the fiscal strain could continue to plague localities in 2023.

After three years of stringent Covid-19 measures, Shanghai is on its road to economic recovery. While the impact of the pandemic was severe, Shanghai officials are making efforts to bring back and reassure foreign enterprises of a conducive business environment. Zaobao correspondent Chen Jing looks at the steps taken by the officials and how effective they are.

Caixin sat down for an exclusive interview with Malaysia’s new Minister of International Trade and Industry Tengku Zafrul Aziz on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, in January. He spoke about Malaysia's and ASEAN's relations with China, and his thoughts on regional and global trade.

With Valentine’s Day just over, The Economist’s tongue-in-cheek Cost of Loving Index reflects the high cost of living in Chinese cities compared with global cities such as New York and Paris. Zaobao’s associate editor Han Yong Hong looks deeper into the spending habits of the Chinese and what it might mean for economic recovery.

AVIC Fund deputy general manager Deng Haiqing recently drew flak for his view that young people should not complain about their low wages because they lack capabilities. Meanwhile, netizens derided him for being a privileged elite that is far removed from the reality of life in China today. Zaobao’s China Desk explores the topic.

Veteran journalist Gu Erde looks at the impact of Taiwan's widening income gap, especially on the youth. Is the government doing enough to strengthen the social security network and protect people's livelihoods?