Economic recovery

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.
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.
Argentina's President Javier Milei leaves surrounded by media after delivering a speech at the World Economic Forum (WEF) meeting in Davos on 17 January 2024. (Fabrice Coffrini/AFP)

President Milei: Argentina is proof that collectivism does not work

In his recent speech at the World Economic Forum, Argentina’s President Javier Milei pointed out that collectivist experiments are never the solution to the problems afflicting the citizens of the world, but are, on the contrary, the cause. Commentator Jin Jian Guo takes a closer look at Milei’s criticisms and assertions.
Customers wait outside a restaurant at a shopping mall in Shenzhen, China, on 19 January 2024. (Qilai Shen/Bloomberg)

Hong Kongers flock to Shenzhen for value-for-money CNY reunion dinners

As the Chinese New Year approaches, many Hong Kongers have the tradition of travelling to Shenzhen to enjoy reunion dinners at lower cost with better service compared with back home. Lianhe Zaobao journalist Daryl Lim speaks with diners and restaurant managers to find out more about this trend during the festive season.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

Private equity in China heads for exits amid three-year stock slump

China ended 2023 with the world’s worst-performing equity market as the blue-chip CSI 300 Index fell for the third straight year, plunging 35% over 36 months, making it difficult for private equity and venture capital firms to exit their investments. How will these firms deal with the country's stock slump?
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.
Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on 29 January 2024. (Raul Ariano/Bloomberg)

China’s three-year stock slump resists policy prescriptions for rebound

China ended the year with the world’s worst-performing equity market and its blue-chip CSI 300 Index down for the third straight year, losing 35% over 36 months. Amid different approaches to stabilising the stock market, several economists think that the key is to formulate appropriate policies and promoting necessary structural reforms to help get the economy back on track to its potential growth rate.
Gantry cranes at the Yantian International Container Terminals in Shenzhen, China, on 16 January 2024. (Qilai Shen/Bloomberg)

How can China deal with deflationary pressure?

Although the Chinese economy showed some signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signalling a persistent decline. This has served to deepen fears of deflation and sparked calls for more supportive policy measures.