Jonathan Cheng
Wall Street Journal
Korea, Republic of
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Past articles by Jonathan:
Prices for New Homes in China Slide Further
Government support measures for the industry have yet to take hold after a yearlong regulatory campaign aimed at reining in developers’ debt levels. → Read More
China’s New Home Prices Fall for the First Time in More Than Six Years
A monthly measure of new home prices in China fell for the first time in more than six years, offering further evidence of the pain that Beijing’s regulatory campaign is inflicting on the sector. → Read More
Beijing Residents Keep Faith With Government’s Zero-Covid Strategy
Despite the government’s ratcheting up of virus controls, the mood in China’s capital remains upbeat. → Read More
China’s Manufacturing Activity Pummeled by Covid Restrictions
A contraction in China’s factory and service-sector activity worsened for a second straight month, as strict lockdowns in dozens of cities shut down production and pummeled consumer spending. → Read More
China’s Economy Expanded 4.8% in First Quarter, Beating Expectations
China’s economy expanded 4.8% from a year earlier in the first three months of the year, beating market expectations as the largest domestic Covid-19 outbreaks in two years disrupted business operations and dampened consumer spending. → Read More
Covid-19 Outbreaks Slow Factory Activity in China
Official surveys for March offered the first broad glimpse of the economic cost of efforts to contain Omicron outbreaks in some of the country’s most important industrial hubs. → Read More
China’s New-Home Prices Fall Again Despite Efforts to Help Developers
Average new-home prices in 70 major cities fell for a sixth consecutive month. → Read More
In China, Inflationary Pressures Remain Subdued—For Now
Rising energy prices in the run-up to Russia’s invasion of Ukraine added to Chinese inflation in February, an early sign of the pressures building in the global economy as the war sends commodity prices soaring. → Read More
China Sets Economic Growth Target of Around 5.5% for the Year
The target is the lowest level in more than a quarter century of economic planning, reflecting heightened domestic and global uncertainties in a key political year for leader Xi Jinping. → Read More
To Achieve ‘Common Prosperity,’ Xi Jinping Seeks to Scale China’s ‘Three Big Mountains’
The Chinese leader’s campaign is partly aimed at addressing rising costs of education, healthcare and housing—and if successful could strengthen his expected bid to seek a third term. → Read More
China Economy Starts the Year With a Wobble
Covid-19 flare-ups disrupted Chinese factory activity and consumer spending, according to a trio of manufacturing and service-sector surveys. → Read More
China’s ‘Common Prosperity’ to Squeeze Cash-Strapped Local Governments
Local governments in China have long been weighed down by debts. Xi Jinping’s push for “common prosperity” now is putting more pressure on them—while removing some of their most reliable sources of income. → Read More
China Cuts Benchmark Rates to Bolster Flagging Economy
The country’s central bank stepped in to support a slowing economy that has been weighed down by a slump in the property market during a politically important year for leader Xi Jinping. → Read More
China GDP Grew 8.1% in 2021, Though Momentum Slowed in Fourth Quarter
China’s GDP grew just 4.0% in the fourth quarter compared with a year earlier, better than forecasts for 3.8% growth but lower than the 4.9% expansion recorded in the third quarter. → Read More
China’s Manufacturing Activity Contracts for Second Straight Month
New data adds evidence that growth momentum has weakened as the country’s manufacturing sector is weighed down by soaring raw material costs, a widespread power crisis and a slowdown in the property sector. → Read More
China’s New Home Prices Fall for First Time in Six Years as Rules Bite
Average prices in 70 major cities edged down 0.08% in September from the previous month, the first such month-on-month decline since 2015. → Read More
China Third-Quarter Economic Growth Slows Sharply to 4.9%
China’s economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous period, as power shortages and supply-chain problems added to the impact from Beijing’s efforts to rein in the real estate and technology sectors. → Read More
The Tiger Is Making a Tentative Comeback in China’s North
After decades of environmental degradation related to growth, the big cats were functionally extinct. Now the numbers have started to climb. → Read More
China’s Manufacturing Weakens, as Power Cuts Threaten More Damage
The contraction ended an 18-month expansion that powered the country’s recovery from the pandemic. → Read More
In China, Even Jump-Rope is Competitive—So Parents Pay for Lessons
Grade-school students nationwide must pass an annual rope-skipping exam, costing children who can’t easily jump and twirl rope at the same time. → Read More