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British Prime Minister Keir Starmer visited Yuyuan Garden in Shanghai, China, last Friday. Photo: Reuters

Global Economy

UK, China boost financial ties, deepen London’s role as offshore yuan hub

New pact designates a new yuan clearing bank, boosts cross-listings and expands green finance, accelerating the international use of China’s currency.

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Sweet surge: Qwen overtakes Yuanbao after Alibaba’s bubble tea campaign

China-Canada canola deal faces test as USMCA trade talks loom, insiders warn

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Diplomacy

TikTok ‘addictive’, EU finds in digital law probe

European Commission cites TikTok’s ‘highly personalised’ system, slams safeguards as ineffective.

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News of the findings comes amid a fierce debate in Europe about the impact of social media platforms on children’s mental health. Photo: Reuters
News of the findings comes amid a fierce debate in Europe about the impact of social media platforms on children’s mental health. Photo: Reuters

China Economy

Stung by Trump’s policies, German multinationals cautiously pivot towards China

German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.

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China Economy

Trump wants China out of South America – but Peru’s Beijing-backed port is abuzz

Beijing’s hunger for minerals and raw materials is pushing trade in the region to record levels, even after incidents in Panama and Venezuela.

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Global Economy

Panama’s ‘dangerous precedent’: why ports appear pawns as politics top contracts

Panama’s move to void CK Hutchison’s deal fuels fears of broader asset seizures, with analysts warning of rising risks for Chinese operators in the US sphere.

A view of the main entrance of the Port of Balboa in Panama City on Friday. A subsidiary of Hong Kong-based CK Hutchison, Panama Ports Company (PPC), announced on Tuesday that it had initiated international arbitration proceedings against Panama after its courts revoked the concession allowing it to operate two ports on the interoceanic canal. Photo: AFP
A view of the main entrance of the Port of Balboa in Panama City on Friday. A subsidiary of Hong Kong-based CK Hutchison, Panama Ports Company (PPC), announced on Tuesday that it had initiated international arbitration proceedings against Panama after its courts revoked the concession allowing it to operate two ports on the interoceanic canal. Photo: AFP

China Economy

China’s new golden rule: dig deeper mines, boost reserves and hedge global risks

China Gold Association vows tech breakthroughs in deep mining and nanogold, and a state-owned miner seeks a fourfold increase in gold output from mineral deposits.

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Business

Expanded Hong Kong scheme allows resale homebuyers to pay sellers directly

HKMA launches a direct transfer option for second-hand property transactions, replacing the traditional escrow system managed by law firms.

China Economy

China’s clean power energising economy, adding a Brazil’s worth of GDP: report

Clean energy industries drove more than one-third of China’s economic growth in 2025, as they continue to expand rapidly, study finds.

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Workers check solar panels installed on a lake in China’s central Anhui province. Photo: AFP

China Business

KFC operator Yum China to expand faster amid ‘early signs’ of spending thaw

After earnings exceed estimates, company will add outlets at faster pace than last year, with focus on second-tier cities.

A couple walks out of a KFC restaurant in an urban shopping district on February 22, 2025, in the southwestern Chinese city of Chongqing. Photo: Getty Images
A couple walks out of a KFC restaurant in an urban shopping district on February 22, 2025, in the southwestern Chinese city of Chongqing. Photo: Getty Images

China Economy

‘Discriminatory’: China slams EU probe into wind turbine maker Goldwind

Brussels’ ‘abuse of investigations’ is harming China-EU cooperation and slowing Europe’s green transition, Beijing warns.

China Economy

China’s cheap oil flows under strain as US ramps up Iran, Venezuela pressure

US restrictions could lead China to turn to higher-priced barrels in other markets, while it continues to reduce its reliance on oil imports.

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China Economy

China’s outbound investment surges to 7-year high amid data centre, energy boom

Chinese investment is increasingly focusing on energy and raw materials projects in low and middle-income regions, report finds.

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Construction workers walk to a data centre under construction in Malaysia. Chinese investment in data centres in Southeast Asia surged last year, according to a new report. Photo: AP

Global Economy

New brainer: China’s C929 widebody lands partner to power next-gen flight mind

After Comac secures core flight-system supplier for its widebody jet’s ‘brain’, sourcing the ‘heart’ of the C929 remains a lofty challenge.

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A model of China’s in-development C929 aircraft is displayed at the Singapore Airshow on Tuesday. Photo: AFP
A model of China’s in-development C929 aircraft is displayed at the Singapore Airshow on Tuesday. Photo: AFP

China Economy

China signals strong soybean imports – what does it mean for food security?

Beijing also vows broader agricultural opening while safeguarding domestic production and farmers.

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Global Economy

Xi’s Apec playbook? How China could use new chair role at ‘pivotal juncture’

Hosting the bloc for just the third time in 25 years, China is promoting people-centred policies, infrastructure funding and predictability.

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Global Economy

Why America’s brute-force effort on rare earths may not work against China

China spent decades carving out a commanding lead in the rare earth realm. Now the US wants its old piece of the supply chain back – is it still within reach?

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Illustration: Henry Wong
Illustration: Henry Wong

Global Economy

Chinese ‘vertical dramas’ are booming in America. Should Hollywood be worried?

Chinese platforms hosting bite-size soap operas about werewolves and mafia dons are drawing big audiences – and shaking up the streaming market.

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China Economy

As megacities slow, China’s smaller counties lead as new consumer hotspots

Survey last year found that nearly 80 per cent of consumers in China’s third- and fourth-tier cities were optimistic about the economy.

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China Economy

China rises up ‘elite quality’ league table as AI investment booms

China ranked 19th in the latest Elite Quality Index, which assesses whether national elites create sustainable value for their countries.

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Visitors watch humanoid robots fight at the Unitree Robotics booth during the World Robot Conference in Beijing. China has invested heavily in artificial intelligence, robotics and other emerging sectors in recent years. Photo: Reuters
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OPINION
Richard Harris

Opinion | Tariff by tariff, Trump is building a trade wall around the US

Richard Harris
Michael Han

Opinion | China’s real estate rethink can help end developers’ debt addiction

Michael Han
Ningrong Liu

Opinion | Surging stocks could help China become more than an export powerhouse

Ningrong Liu
Robin Hu

Opinion | China’s real constraint is where to direct limited fiscal resources

Robin Hu
Nicholas Spiro

The View | Hong Kong’s housing market recovery rests on solid foundations

Nicholas Spiro
Jeffrey Wu

Opinion | US-China rivalry: great powers that don’t make things won’t be great for long

Jeffrey Wu
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MULTIMEDIA
Video

With Maduro out, are Chinese investments in Venezuela at risk?

US move calls into question China’s future financial commitments in Latin American country, potentially hurting Beijing’s regional strategy.
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Shares in Baby Shark creator soar on IPO debut

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Video

China’s ‘Goddess of Wealth’ jailed for over 11 years by UK court

China cryptoqueen jailed for more than 11 years by UK court over US$6.4 billion bitcoin fraud
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Video

US-China soybean row leaves farmers caught in the middle

US-China soybean row leaves farmers caught in the middle
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TRENDING TOPICS
China trade
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China's economic recovery
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China is on a ‘strong currency’ mission to make the yuan a global reserve: Xi

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Why China ties make Darwin Port a bigger test for Australia than Panama

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New brainer: China’s C929 widebody lands partner to power next-gen flight mind