As China rapidly ages, the senior-care sector is poised to become a significant source of job creation. Yet, enthusiasm among the nation’s young workforce remains lukewarm. The care-services industry, including care for elderly residents, is projected to generate millions of jobs and become a driver of household consumption in the years to come, as national demographics shift towards an older population, according to He Dan, director of the China Population and Development Research Centre under...

As a political dispute between Beijing and Tokyo continues to inflame relations, Chinese media reports indicate some domestic airlines have cancelled flights on 12 of their routes to Japan – including paths to popular tourism destinations Kyoto and Osaka – with analysts predicting cancellations to rise within the week. As of Monday morning, flights on these routes had been put on hold, according to a report from financial news outlet Yicai that cited Chinese aviation data platform DAST. Domestic...

A Chinese drone maker has secured 1,600 orders for industrial models at the recently concluded Dubai Airshow – marking the largest ever single-order deal for the country’s manufacturers at the biennial event, as its companies target emerging markets. The deal, secured by Shenzhen-based United Aircraft, covered industrial drones used for low-altitude logistics, medical deliveries and agricultural applications in the United Arab Emirates and other markets, local outlet SZnews.com reported. The...

John Lam, UBS’ head of China property research and a long-time contrarian, is retreating from his earlier bullish calls and joining his Wall Street peers in predicting that the country’s four-year real estate downturn is far from over. Lam said he expected home prices to fall for at least another two years before a recovery in mainland China’s beleaguered residential property market could take hold. One reason was that potential buyers were increasingly opting to rent properties while prices...

China’s down jacket and coat makers are the unlikely beneficiaries of the winter season, as more young consumers splash out on coveted brands despite significant price increases. Buoyed by strong buying interest in mid to high-end winter wear, retailers like Bosideng expect the sales boom to continue over the next three months as the weather gets colder. “Garment makers that offer clothes specific for winter have received a windfall from the cold temperatures this year,” Shanghai-based...

Nicholas Lardy is a non-resident senior fellow at the Peterson Institute for International Economics and a member of the Council on Foreign Relations, both Washington-based think tanks. He has studied the Chinese economy extensively, publishing several books on its growth and development since the late 1970s. His most recent, 2019’s The State Strikes Back, posits a rollback of Beijing’s economic reforms via renewed government intervention into the market. This interview first appeared in SCMP...

Each winter for the past three years, Claire Zhou, a teenager from the southern Chinese city of Guangzhou, has counted down the days until she can fly to northern China and pull on a new ski suit and boots. The better she skis, the more frequently she upgrades her gear, reshaping her family’s holiday budget and pulling them deeper into China’s fast-growing winter sports consumption chain. The country’s winter sports boom, sparked by the 2022 Beijing Winter Olympics and fuelled by supportive...