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Economy /

China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
President Xi Jinping chairs a symposium in the Xiong’an New Area, north China’s Hebei province, on March 23. Photo: Xinhua
China consumption

Xi Jinping backs services sector to power China’s next growth phase

Beijing is counting on services to rebalance growth as it faces economic headwinds and demographic challenges.

US-China relations

US-China ties are critical in dangerous new ‘might-is-right world order’: Dalio

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Banking & finance

As France pulls gold from the US, how can China become the next global gold hub?

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China trade

China enforces new supply chain security rules as Iran war shakes markets

The new regulation makes protecting China’s supply chains a national security issue – and allows Beijing to punish any entities that threaten them.

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China is taking steps to shore up its supply chains amid rising global uncertainty unleashed by the US-Israel war on Iran. Photo: AP
China is taking steps to shore up its supply chains amid rising global uncertainty unleashed by the US-Israel war on Iran. Photo: AP
China trade

Explaining China’s supply chain security rules

SCMP Plus annotates 18-point regulation issued by China’s State Council providing a legal basis for the country to respond to sanctions and export controls that threaten supply chains.

Electric & new energy vehicles

Chinese carmakers bet on solid-state batteries to drive next EV phase

Carmakers push next-generation battery tech as they chase longer range and improved safety, despite high costs.

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Artificial intelligence

As AI race with US intensifies, Alibaba launches 10,000-card computing cluster

Cluster in Shaoguan powered by domestically developed Zhenwu chips latest evidence that China is doubling down on home-grown infrastructure.

In collaboration with China Telecom, Alibaba has deployed a 10,000-card intelligent computing cluster powered by its Zhenwu AI chips in the Shaoguan data centre in Guangdong province. Photo: Sina
In collaboration with China Telecom, Alibaba has deployed a 10,000-card intelligent computing cluster powered by its Zhenwu AI chips in the Shaoguan data centre in Guangdong province. Photo: Sina
Banking & finance

‘No alternative but to comply’: investors’ foreign income in China’s crosshairs

Ministry says 11.5% growth in personal income tax revenue partly driven by ‘significant rise in income from share transfers and dividends’.

China energy security

China starts work on solar plant under extreme conditions, amid energy crisis

Beijing will build the world’s highest-altitude parabolic trough solar thermal facility on the Tibet Plateau to diversify power sources.

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China food security

Beyond Russian oil, China also increases appetite for Ukrainian wheat flour

Chinese and Ukrainian officials sign a protocol in Kyiv on inspection, quarantine and sanitary requirements for exports.

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Harvesters gather wheat in Zghurivka, Ukraine, in August 2022. Photo: AP
US, Israel war on Iran

Trump steps up Iran threats as deadline approaches

US President Donald Trump said that Iran must reopen the vital Strait of Hormuz as part of any peace deal.

Photo: Reuters
Photo: Reuters
Yuan

China’s yuan may be going global faster than Western data suggests, analysts say

Many yuan transactions are now routed through China’s own global payment system, which often does not show up in traditional data sets, analysts say.

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Electric & new energy vehicles

More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars

Following Skoda’s exit from China, other carmakers with falling sales are also likely to close shop this year, analysts say.

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China travel

South Korea opens door wider to Chinese travellers – but will they come?

Higher airfares and fierce regional competition may blunt impact of new policy, analysts say.

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Tourists walk around Gyeongbok Palace in central Seoul, South Korea, on March 15. Photo: EPA
China GDP

Open Questions | Andrew Tilton on China’s economic trajectory in wake of Iran war

Goldman Sachs’ chief Asia-Pacific economist says worst is over in terms of property slump’s impact on China’s economic growth.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
China consumption

China’s luxury spending seen boosting global sales in 2026 despite headwinds

Affluent Chinese consumers are expected to splurge, though a volatile property market and oil price shocks pose challenges, analysts say.

China property

From ghost to giant: long skyscraper saga nears finish amid China property woes

Once deemed a ‘ghost tower’ and a benchmark of unfinished projects, the 596-metre building’s state-backed revival reflects efforts to rebuild confidence in fragile market.

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Artificial intelligence

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

Illustration by Victor Sanjinez
Illustration by Victor Sanjinez
China-Australia relations

Australia’s 180-degree shift from 5 years ago: China in favour; US out

Aussie comedian exposes the truth about nation’s feelings towards US president, democracy and public safety.

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US-China relations

Washington launches export initiative to ensure ‘future of AI’ is led by US

Chinese competitors targeted as US companies invited to form consortiums to offer full-stack AI solutions around the world.

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US-China trade war

‘Liberation Day’ anniversary, war on Iran, Taiwan’s KMT visits Beijing

This week: One year since Trump’s ‘Liberation Day’, China proposes Iran war peace plan in partnership with Pakistan, Hong Kong retains IPO crown. Next week: Taiwan’s Kuomintang leader visits mainland, Chinese airlines raise fuel surcharges, factory-gate prices may end slump, and more.

US President Donald Trump announces worldwide tariffs on April 2, 2025. Photo: Getty Images/TNS
Food and agriculture

China to boost frozen pork reserves as hog prices tumble to multi-year troughs

The national average hog price fell to an eight-year low of 10.68 yuan per kg in the fourth week of March.

A supermarket employee cuts pork in Huaian city, Jiangsu province. Photo: Costfoto/Future Publishing via Getty Images
A supermarket employee cuts pork in Huaian city, Jiangsu province. Photo: Costfoto/Future Publishing via Getty Images
China energy security

Chinese airlines shed weight, add flights over Russia to trim fuel costs

Some carriers have even removed non-essential items like in-flight magazines from their planes.

Electric & new energy vehicles

Leapmotor targets global growth with Europe R&D hub, eyes Canada assembly

Chinese EV maker lifts overseas sales target as rising fuel costs and easing tariffs boost demand abroad.

US-China trade war

The US-China trade war 1 year on: who really holds the upper hand?

A fragile truce prevented all-out confrontation, but Beijing and Washington remain locked in a struggle few analysts see easing any time soon.

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Illustration: Victor Sanjinez
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