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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
The International Organization for Mediation, located in Hong Kong’s Old Wan Chai Police Station, was established last year to resolve disputes through mediation. Photo: Stanley Shin
Banking & finance

From banking to AI, these are the major economic bodies based in China

Amid what China sees as US’ polarising unilateral measures, a push for ‘global governance’ gives rise to a network of multi-country agencies.

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Electric & new energy vehicles

Lights, camera, traction: China’s EV race rolls out film-projecting headlights

China technology

‘It’s hard to compete’: how China is using AI to churn out 500 dramas per day

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China travel

Trip.com aims to bring 200 million tourists to China, buoying GDP growth

The company believes China could become the world’s top tourism destination, according to reports.

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Foreign tourists order food at a restaurant in Tianjin, northern China, on April 24. Photo: Xinhua
Foreign tourists order food at a restaurant in Tianjin, northern China, on April 24. Photo: Xinhua
China technology

Is China’s Manus block a warning for other AI firms with global ambitions?

State media has cast the deal as a security concern, while stressing Beijing remains open to foreign investment.

US-China trade war

Xi-Trump summit unlikely to revive Chinese investment in US, report warns

Rhodium Group report says Chinese investment in America has ‘fallen significantly’ from 2016 peak.

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China jobs

Back to the factory? China to retrain 1 million jobless graduates as technicians

China aims to solve its graduate jobs crisis by sending academic students to vocational school. But many young people remain sceptical.

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Technicians train humanoid robots to perform manufacturing work at a facility in eastern China’s Zhejiang province. Photo: Getty Images
Technicians train humanoid robots to perform manufacturing work at a facility in eastern China’s Zhejiang province. Photo: Getty Images
Aviation

China forges new aviation alliances to fast-track C929 certification

Pacts include airworthiness standards for long-haul aircraft, together with Hong Kong and Macau, aiding efforts to expand international operations for Comac’s jets.

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China property

China’s top tech hub Shenzhen eases homebuying curbs, raises loan caps

Non-local residents with valid residence permits can buy homes in Futian, Nanshan and Xinan.

China's economic recovery

Open Questions | How China can avoid a repeat of Japan’s ‘lost decades’

Bai Chongen, an economist and adviser to China’s government, explains how the country can dodge ‘Japanification’ and why its economic rise is misunderstood.

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Illustration: Henry Wong
Ant Group

Ant International serves 150m merchants, 2b consumers, bets on AI commerce

Company says it is seeking to broaden its market reach in Asia, Latin America and Europe, the Middle East and Africa.

Ant International’s logo displayed on a smartphone screen. Illustration: SOPA Images/LightRocket via Getty Images
Ant International’s logo displayed on a smartphone screen. Illustration: SOPA Images/LightRocket via Getty Images
China travel

China braces for record Labour Day travel surge as tourism demand remains robust

China expects to handle a record 304 million cross-regional trips per day over the holiday, as the government focuses on boosting consumption.

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China airliners

China Southern orders Airbus jets worth US$21b as Boeing waits

Airline joins state-owned peers in placing large orders with European manufacturer, while rumoured Boeing deal could hinge on Trump visit.

China energy security

Why China may benefit from the UAE’s Opec withdrawal

Beijing may have access to increased supply – though Strait of Hormuz disruption remains a serious constraint, analysts say.

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A model of an oil pump is seen in front of the Opec logo in this illustration taken January 9. Photo: Reuters
China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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Blocks with symbols and atomic numbers of various rare earth elements are seen on a Chinese flag. Illustration: Reuters
Blocks with symbols and atomic numbers of various rare earth elements are seen on a Chinese flag. Illustration: Reuters
Electric & new energy vehicles

BYD, Geely tap global EV demand to escape China price wars

Shares of BYD and Geely rose after they released earnings as the Strait of Hormuz shutdown boosts global demand for Chinese-made electric vehicles.

Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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Banking & finance

Hong Kong’s IPO lead

Hong Kong has retained its crown as the world’s busiest market for initial public offerings so far this year, helped by offerings from printed circuit board maker Victory Giant and pork producer Muyuan Foods.

Hong Kong’s IPO lead
China GDP

US economic gap over China to widen, but Iran might bring them closer: Mahbubani

Get your head checked, strategist Mahbubani tells those who underestimate the US and China, while forecasting a bigger GDP gulf between the two by 2030.

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China exports

How China’s reported sulphuric acid export ban could have global buyers reeling

Foreign firms fear more halts following reports of a ban on the export of the chemical, crucial for fertiliser and battery production.

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China travel

Canada’s push to rebuild ties with China hits a snag: a lack of direct flights

Canada has permitted an ‘incremental increase’ in flights to China, but airlines may be reluctant to add services amid the wars in Ukraine and Iran.

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An Air Canada Boeing 787 aircraft passes by rows of cherry trees as it approaches Vancouver International Airport. Photo: AP
China energy security

China orders maritime security research as Hormuz crisis exposes trade risks

The research agenda will also focus on safeguarding port access and critical mineral investments amid rising threats to global trade.

The Strait of Hormuz, through which one-fifth of the world’s oil supply travels, has been repeatedly sealed off since the US-Israeli strikes on Iran began in late February. Photo: AP
The Strait of Hormuz, through which one-fifth of the world’s oil supply travels, has been repeatedly sealed off since the US-Israeli strikes on Iran began in late February. Photo: AP
Banking & finance

Why Moody’s has raised China’s credit outlook amid Iran war shocks

Ratings agency gives China an A1 long-term rating, citing the economy’s resilience in the face of trade and geopolitical pressures.

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China GDP

Unpacking China’s April Politburo statement

SCMP Plus annotates the readout from the April meeting of China’s top decision-making Politburo, which resolved to accelerate measures to limit the economic fallout from the Iran war.

SCMP Exclusives

Exclusive | Un-sanctioned: China to welcome Dutch trade minister amid Nexperia, ASML discord

Source says Beijing has quietly dropped an old sanctioning of Sjoerd Sjoerdsma, who recently spoke of wanting to lead a Dutch trade mission to China.

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Sjoerd Sjoerdsma, the Dutch trade minister, is interviewed in The Hague, Netherlands, on April 10. Photo: EPA
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