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China’s Great Slowdown

This Month

Chinese President Xi Jinping applauds during the opening session of the National People’s Congress or parliament in Beijing.

China sets lowest growth target for three decades as old model falters

Beijing announced a historically low growth target of 4.5 per cent to 5 per cent at its annual parliamentary showcase meeting closely watched by investors.

February

Rent-a-partner prices have jumped for this year’s Lunar New Year.

In a dire economy, young Chinese are paying big for this one thing

China’s rent-a-partner market is booming this Lunar New Year holiday, as young singles pay thousands of yuan to dodge marriage pressure from their families.

China is accused of oversupplying the world with solar panels, EVs and other goods.

IMF urges China to slash subsidies damaging other nations

The IMF has urged China to cut industrial subsidies and pivot to consumption-led growth, warning its export-driven model is fuelling global trade tensions.

A mis-stitched Year of the Horse plush toy has become a viral sensation in China’s Yiwu, a city known as “the world’s supermarket”.

Why this trending toy best captures China’s gloom

A red plush horse designed to beam optimism was released with its mouth mistakenly sewn upside down. The accidental frown better reflects the public mood.

January

China’s population has fallen for the fourth year.

China’s population plummets in blow to baby drive

China’s birth rate fell last year to its lowest level since 1949, highlighting a deep demographic struggle despite incentives to encourage couples to have children.

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Electric vehicles on the assembly line at the BYD factory in Zhengzhou.

China hits growth target as exports boom, defying Trump’s trade war

Beijing reported robust economic growth thanks to a surge in exports despite Donald Trump’s tariffs, and as it ramped up its Belt and Road investment overseas.

November 2025

China’s much-hyped stimulus measures haven’t arrived, and the economy still needs to be rebalanced.

China’s debt shock is coming. Our high house prices won’t protect us

Within three years, Beijing must rebalance from investment to consumption, putting downwards pressure on iron ore prices. Australia’s economy isn’t ready.

August 2025

A worker on the production line at the Shenzhen Kate Plastic Products toy factory in Shenzhen, Guangdong.

Trade war deepens decline for China’s powerhouse province

US tariffs have exacerbated a slowdown in Guangdong, a region crucial to Beijing.

Beijing is concerned that excessive competition in its factories is stoking overproduction and driving down prices.

China’s economy slows sharply as trade pressures mount

Industrial production and retail expanded by the slowest pace this year as policymakers battle deflation and pressures from Donald Trump tariffs.

July 2025

A woman takes a selfie with gods of fortune displayed outside a store selling prosperity items at a shopping mall, in Beijing. Household spending remains weak.

‘Not going to last’: China’s economy holds steady for now

China’s economy grew 5.2 per cent year-on-year in the second quarter as resilience in exports helped to offset sluggish domestic demand in the giant economy.

Chinese President Xi Jinping believes he has more patience than Donald Trump.

Rumours of Xi’s downfall distract from China’s real challenges

The notion that Xi Jinping is about to be toppled is a distraction from the real cleavages in Chinese politics.

The fading power of Xi Jinping

In a system built on secrecy, no one knows the reality behind the scenes, but there are signs China’s leader could be in political trouble.

June 2025

Cash-strapped Beijing drinkers turn to unlicensed ‘home bars’

The proliferation of illicit bars is a reminder that the world’s second-largest economy was already suffering from weak consumption even before the tariff war.

Fund managers say weak demand for steel in China is a bearish signal for the iron ore price and mining giants.

China steel demand slump an ‘ominous’ sign for ASX miners

The latest data from the world’s second-largest economy does not bode well for the ASX’s iron ore giants.

April 2025

Wendy Qian, 25, facing finding a job in Australia after graduation difficult.

A master’s no longer a golden ticket – just ask the AI job interviewer

Wendy Qin has a higher degree in management on top of her commerce degree. She applied for 40 jobs before landing her first gig.

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March 2025

A news report of Xi Jinping, China’s president, at the National People’s Congress displayed a screen in Beijing, China.

Signs of consumer pick-up as China fights off tariff hit

Data released on Tuesday showed retail sales rose 4 per cent in the January-February period, better than a 3.7 per cent rise in December. 

Chinese President Xi Jinping.

China set to repeat 5pc growth target at annual political gathering

Investors and markets are watching the National People’s Congress for signs of how Xi Jinping plans to withstand Donald Trump’s tariffs on the sluggish economy.

February 2025

A wander around Beijing’s and Shanghai’s empty shopping malls and half-filled restaurants makes the point.  But in other cities, such as Hangzhou, the home of Alibaba and DeepSeek, a different story is told.

DeepSeek is a sign of China’s structural shift, not decline

Contrary to the narrative that China’s private sector has been squeezed into irrelevance, major developments in new industries are being led by young entrepreneurs.

January 2025

A Chinese worker makes new year lanterns at a factory in Weifang in eastern China’s Shandong province.

China’s economy loses steam ahead of new year holiday

The official manufacturing purchasing managers’ index fell to 49.1, the lowest since August, missing economists’ forecast for a modest expansion.

Employees assemble new energy vehicles at an intelligent factory of electric vehicle enterprise Leapmotor.

Has China already reached peak oil?

The country’s demand for crude seems to be plateauing sooner than expected. The implications are huge