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Economy

Facing significant challenges in acquiring and repurposing unsold homes, some cities are turning empty flats into student dorms, hospitals, retirement housing and resettlement homes

As calls to decarbonize the steel sector increase, Chinese producers look to hydrogen to produce near zero-carbon products, while costs increase and overall demand declines

China’s automobile market witnessed a higher penetration of new energy vehicles (NEVs) amid intensified price wars as domestic brands deepen their lead over foreign brands

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As local governments are set to phase out subsidies for international flights to smaller cities amid stretched budgets and market turbulence, airlines face new challenges in getting new routes off the ground

As the low-altitude economy is prioritized as a new driver of regional economic growth, local governments are trying to seize the opportunity. However, experts warn against a headlong rush into the nascent sector, which will take decades to develop fully

China is seeking to attract private investment in infrastructure to boost economic efficiency and address fiscal constraints. However, progress has been slower in the railway sector, where mixed results highlight challenges down the tracks