NBS 2025 Report: The headline says “Steady Progress” & GDP growth of 5.0%. But digging deeper reveals an economy in a profound, high-stakes transformation.
Cai Tongguan -The global system is in flux. Geopolitical tensions, “de-risking,” and a fragmenting economic landscape are challenging long-held assumptions.
China faces an unprecedented demographic crisis as its population ages and workforce shrinks. With fertility rates in cities like Shanghai plummeting to 0.5 and the elderly comprising 15% of the population by 2025, the economic foundations of its miracle growth are eroding. Explore how soaring dependency ratios, urban pressures, and a collapsing birth rate threaten China’s ambition to become a high-income economy.
The ancient dream of bottling a star inched closer to reality in a Hangzhou laboratory. In January 2025, China’s Experimental…
Hong Kong’s financial ecosystem marked a pivotal moment on August 1, 2025, as the city’s stablecoin licensing regime took effect.…