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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
Chinese companies expand globally
Going Global

Chinese companies expand globally

Chinese firms are investing in overseas factories and marketing to develop global brands. Domestic price wars are pushing more companies to go global – “chuhai” in Chinese – in search of new growth opportunities.

China trade

China’s food-security push to slash soy imports by two-thirds: Goldman Sachs

China-EU relations

Brussels ramps up China de-risking while France and Germany pull further apart

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US-China trade war

‘Maximum pressure’: why China is taking Mexico’s tariff move ‘very seriously’

Beijing sees Mexico’s move as driven by a wider US pressure campaign – and could take retaliatory measures, analysts say.

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Mexican President Claudia Sheinbaum proposed tariffs on goods from China and other Asian markets in the name of protecting local industries. Some analysts see the move as a response to US pressure. Photo: TNS
US-China trade war

China may buy Nvidia’s H200 – but homegrown chip strategy here to stay: analysts

Despite Trump easing curbs, domestic chipmakers expected to remain central to Beijing’s tech ambitions.

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China's economic recovery

China sets sights on ‘fully tapping’ domestic market potential after policy meet

Following annual central economic work conference, leaders also pledge to stabilise property sector, fight deflation and curb cutthroat competition to counter risks.

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China-EU relations

Beijing urges Dutch government to push for China visit by Nexperia execs

China’s Ministry of Commerce says trip by Dutch chip firm’s management should be made ‘as soon as possible’ amid heated war of words.

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The corporate conflict between Dutch semiconductor company Nexperia and its Chinese owner Wingtech has lasted for several weeks. Photo: Shutterstock
Mainland China

Opinion | How China is cementing its central role as the architect of green tech

Beyond climate leadership and capacity building, China is rewriting its own energy system – and the global energy order.

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China GDP

China can sustain 5 to 6% GDP growth through 2035: economist

Tech, talent and the Chinese system give Beijing unique advantages over other late-developing economies, top economist says.

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China manufacturing

China’s biotech firms may see ‘major breakthroughs’ within a decade. Here’s why

Strong manufacturing base a driving force behind overseas expansion, but industry leaders and analysts say hurdles remain.

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Chinese biotech firms set to crack the global market within a decade, according to industry experts. Photo: Getty Images
Hong Kong economy

Opinion | How Hong Kong became the trusted bridgehead for China firms going out

Firms eager to escape oversupply and involution at home are looking to leverage Hong Kong’s trusted institutional interface.

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Illustration: Craig Stephens
US-China trade war

US seeks ‘constructive’ reset with China as trade tensions ease: Greer

Trade envoy says Washington aims to steady ties after a bruising tariff year, even as disputes over minerals and AI chips persist.

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US-China relations

China heads into 2026 with economic strains, uneasy US rivalry: Asia Society

Report says Beijing must juggle control and growth as debt, demographics and US tech tensions shape the year ahead.

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China-Latin America relations

China pledges aid to Latin America, Caribbean with no ‘political conditions’

Third strategy paper of its kind released as Beijing seeks to expand its influence in a region Washington actively courts.

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A container ship arrives at the Port of Balboa in Panama City, Panama, on October 27. Latin America has emerged as a focal point in the competition between Washington and Beijing. Photo: EPA
Banking & finance

China’s sovereign fund reveals it opened London office after Trump win

China Investment Corporation opened its third offshore office in London in December 2024, joining outposts in Hong Kong and New York.

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The City of London financial district’s skyline, as seen from the Thames River. Photo: EPA
China's space programme

China launches satellite ‘super factory’ in bid to rival Elon Musk’s Starlink

The facility features a ‘factory-to-launch’ pipeline, expected to make it faster and cheaper to build low Earth orbit constellations.

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China inflation

China’s economy can probably ride out storms in 2026

Policymakers meeting in Beijing this week will probably see few reasons for new stimulus measures after China’s economy largely weathered the US trade war.

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China GDP

IMF raises China growth forecast to 5% for 2025, citing resilience

The assessment is up from October’s forecast, with the fund citing government stimulus and lower tariffs as drivers.

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IMF Managing Director Kristalina Georgieva speaks at a press conference during the 2025 Spring Meetings of the World Bank Group and IMF in Washington, DC, the United States, on April 24. Photo: Xinhua
China consumption

China’s consumer prices rise at fastest pace in nearly 2 years in November

Consumer price index rises by 0.7 per cent for the month, while factory-gate prices continue long decline.

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China trade

‘Toothpaste without China’? EU firms must stop Beijing, US overreliance: report

European Union Chamber of Commerce in China urges companies to “eliminate single-source dependencies”.

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China GDP

China’s powerhouse province targets doubling GDP by 2035 – but can it deliver?

Southern province in Greater Bay Area has fallen short of national average since 2021, but new proposals pin hope on hi-tech industries.

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An aerial drone photo taken on March 12, 2024, shows Guangzhou in south China’s Guangdong province. Photo: Xinhua
US-China trade war

US-China tech thaw? Trump clears Nvidia H200 exports – why it matters

It’s a ‘sliding scale’ strategy, analysts say of Trump’s U-turn – preserve American market share while dampening Beijing’s self-reliance push.

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US President Donald Trump and President Xi Jinping talk after a bilateral meeting in Busan, South Korea, on October 30. Trump said on Monday that he had reached an agreement with Xi to allow US chip giant Nvidia to export advanced artificial intelligence chips to China. Photo: Reuters
Semiconductors

China’s AI developers to welcome Nvidia’s H200 chip shipments, analysts say

Nvidia faces stronger domestic competition from the likes of Huawei, Cambricon, Moore Threads and MetaX.

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China manufacturing

‘China threat’ narrative a ‘complete mislabelling’, economist Jin Keyu says

At a recent summit, the economist said China has been a ‘benefactor’ by lowering the cost of technology for developing economies.

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China-Japan relations

‘We’ve been careful’: Japanese firms in China stay calm amid political storm

Japanese businesses in China are under pressure amid a diplomatic row over Taiwan, but they have dealt with political tensions for years.

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A man walks past posters advertising Japanese restaurants at a shopping mall in Shanghai. Tensions between China and Japan remain high amid a dispute over Taiwan. Photo: Reuters
Consumers

China’s cautious shoppers continue to challenge consumer brands

Makers of fast-moving goods must look to lower-tier cities for growth as deflation persists, Bain & Co and Kantar Worldpanel say.

A woman shops in a supermarket in Beijing on December 8, 2025. Photo: EPA
China's economic recovery

Explaining the key points from China’s Politburo December meeting

SCMP Plus annotates an official report of the monthly meeting of China’s Politburo, which focused on the economic work needed in 2026, including stepped up efforts to boost domestic demand and cope with trade ‘turbulence’.

China manufacturing

Are US, EU and Japan banking on defence spending for an economic boost?

As advanced economies ramp up military expenditures, they have multiple goals - including a reduced reliance on China in defence supply chains.

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