South China Morning Post - China Economy

For Cindy Wang, the newly opened “community store” near her home in Guangzhou has been a godsend: the small outlet is cheaper than a traditional supermarket, but offers a bigger range of groceries than convenience stores like 7-Eleven. The 20-something now often stops off at the shop after work to pick up a few items. On an early September evening, she has bagged a bottle of mil...

China’s upper-middle-class families are spending more on their children’s local education to help them compete in a tight domestic job market at the expense of summer programmes aimed at gaining admission to foreign universities, a recent survey found. A survey of 277 affluent Chinese families by Babazhenbang, a parenting and education platform with a database covering hundreds ...

Over the past three decades, investor Fang Fenglei has had a major role in shaping China’s capital markets. He worked with Morgan Stanley in the early 1990s to help create the country’s first joint venture investment bank – China International Capital Corp. Then, at the start of the millennium, he spearheaded the listing of state-owned giants in Hong Kong as CEO of Bank of China...

In north China’s Inner Mongolia autonomous region, home to the country’s largest coal reserves, a vast open-pit mine cuts deep into the earth, shrouded in clouds of dust. Winters here are long and brutal, with temperatures plunging to as low as minus 40 degrees Celsius (minus 40 degrees Fahrenheit). In older, more traditional days, hundreds of truck drivers, bundled in heavy win...

While US Treasuries remain at the centre of a global bond sell-off despite efforts by US Treasury Secretary Scott Bessent to calm the market, investors in China are rushing to buy domestic government debt. After China’s Ministry of Finance issued a fresh batch of savings bonds worth up to 55 billion yuan (US$8.2 billion) on Thursday, domestic buyers took to social media to share...