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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
A Leapmotor C10 model car is displayed at a showroom in its headquarters in Hangzhou. Photo: Getty Images
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?

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Electric & new energy vehicles

China EV makers surge back in March as subsidies and financing spur demand

China GDP

‘False proposition’: state media hits ‘China shock’ as cover for Western anxiety

The state-run Economic Daily says the real problem with the global economy is not China’s strong exports, but rising protectionism.

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Large numbers of cars and containers are stacked at a port waiting for export in China’s eastern Jiangsu province. Photo: AFP
Large numbers of cars and containers are stacked at a port waiting for export in China’s eastern Jiangsu province. Photo: AFP
China energy security

Open Questions | Iran war to test China’s self-reliance, Goldman Sachs economist says

Andrew Tilton, Goldman’s chief Asia-Pacific economist, on Iran conflict’s impacts, why exports continue to drive China’s growth and an end to its housing slump.

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China energy security

Premier Li Qiang pushes AI-powered, next-gen energy system amid global shocks

Beijing is moving to modernise the power grid, putting innovation and flexibility at the heart of its strategy.

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China energy security

Chinese airline regulator faces dilemma as Iran war sends fuel costs soaring

Pending announcement from regulator, two airlines reveal plans for sixfold increase in surcharges.

A China Eastern Airlines plane takes off from Shanghai Hongqiao International Airport. Photo: Xinhua
A China Eastern Airlines plane takes off from Shanghai Hongqiao International Airport. Photo: Xinhua
China trade

Qiushi reaffirms China’s trade push, calls old export-led growth ‘unsustainable’

Global tensions, weak high-end exports, and record trade surpluses are spurring a strategic shift to boost imports, develop services trade and deepen market integration.

US-China trade war

US lawmakers call for major crackdown on China’s alleged sanctioned oil imports

Bipartisan panel argues sanctions have concentrated discounted oil in Beijing's hands – charges the Chinese government denies.

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China energy security

Australia and Japan face jet fuel supply crunch as China cuts exports

Both Australia and Japan are heavily reliant on Chinese jet fuel, but shipments have plunged in recent weeks amid the Iran war.

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Qantas is already raising airfares as Australia faces a jet fuel supply crunch amid the US-Israel war on Iran. Photo: AFP
China travel

China builds record-breaking underwater tunnels to unite eastern, western hubs

China is building new high-speed rail lines that dive underneath major waterways, providing fast services without disrupting shipping traffic.

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China is building a high-speed rail tunnel stretching more than 14km (9 miles) under the Yangtze River between Shanghai and Taicang, Jiangsu province. Photo: People’s Daily
China is building a high-speed rail tunnel stretching more than 14km (9 miles) under the Yangtze River between Shanghai and Taicang, Jiangsu province. Photo: People’s Daily
China inflation

China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser

As US-Israel war with Iran sends prices up, a monetary expert says impact on China depends on conflict’s severity, while higher energy costs are worrying.

China energy security

3 Chinese ships exit Strait of Hormuz as PetroChina stresses operations stable

PetroChina chairman addresses annual results conference as three Chinese vessels transit Strait of Hormuz and Iran passes law on transit fees.

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US-China trade war

Explaining China’s trade probe announcements

SCMP Plus annotates announcements by China’s Ministry of Commerce of two trade barrier investigations in response to the United States’ Section 301 probes intended to justify reimposing higher tariffs on trading partners.

Explaining China’s trade probe announcements
China shipbuilding

China sails into AI era with ambitious smart shipping targets

Pilot zones and more than 100 smart vessels are part of Beijing’s strategy to bolster maritime operations and address bottlenecks.

The 15th five-year plan has elevated China’s AI Plus initiative into a top national priority, and the maritime sector is set to benefit. Photo: Shutterstock
The 15th five-year plan has elevated China’s AI Plus initiative into a top national priority, and the maritime sector is set to benefit. Photo: Shutterstock
China travel

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

Global instability fails to deter Chinese holidaymakers with airlines selling 2.04 million tickets in the lead-up to Ching Ming Festival.

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China trade

Will Iran’s strikes on Gulf smelters strengthen China’s aluminium dominance?

Analysts say disruption at plants could shift more output to China, which already produces more than half of global supply.

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China food security

How China’s massive pig farms created a serious pork supply glut

Vast hog farms – some rising 26 storeys high – have caused China’s pig herd to swell, but consumers dislike the industrially produced meat.

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Pigs feed inside a sprawling 26-storey hog farm in central China’s Hubei province. Photo: Xinhua
Pigs feed inside a sprawling 26-storey hog farm in central China’s Hubei province. Photo: Xinhua
China consumption

China’s sci-fi industry rides a tech wave as revenues hit record high

China’s sci-fi industry has built on the success of breakout hits like ‘The Three-Body Problem’, with revenues up over 15 per cent last year.

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US-China trade war

China deploys new trade-war weapons with US investigations

An overhaul of China’s Foreign Trade Law has given the country new tools in global trade disputes and paved the way for retaliatory measures against the US.

Yuan

Open Questions | Kenneth Rogoff on why China’s yuan will be a reserve currency within 5 years

Harvard economist explains why cryptocurrencies will never take the US dollar’s place, despite their popularity in underground economies.

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Illustration: Henry Wong
Biomedicine: Companies

China biotech deals hit record as innovative drugs draw global interest

Deals reach US$60 billion in first quarter after analysts say Chinese biotech firms have shown substantial technological advancements.

The US$60 billion deal value represents a 73 per cent jump from the same period a year earlier. Photo: Shutterstock
The US$60 billion deal value represents a 73 per cent jump from the same period a year earlier. Photo: Shutterstock
China shipbuilding

China’s high-end yacht owners say industry growth stifled by structural gaps

Shipowners say billionaire Richard Liu’s new venture to make yacht ownership more affordable will need to surmount significant challenges.

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China property

Rising second-hand home sales offer signs China’s property slump is bottoming out

Increased resale activity, driven by first-time buyers and policy support, is fuelling hopes that China’s property market may be stabilising.

China jobs

AI ‘collusion’ could force wages down, warns ILO economist

Young people’s unemployment woes ‘mostly related to the current economic slowdown, more than to specific AI’, says Ekkehard Ernst.

Humanoid robots at the pilot testing and validation platform at the Beijing Innovation Centre of Humanoid Robotics on March 20. Photo: AFP
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