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China’s domestically developed Cross-border Interbank Payment System offers clearing and settlement services for cross-border yuan transactions. Illustration: Shutterstock

China Economy

China adviser sees bright future for yuan payment system in emerging economies

Former ICBC chairman Chen Siqing says alternatives needed due to risk of financial weaponisation in US dollar-centric world.

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China-EU trade ties are at a crossroads. Could tech bridge the divide?

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Why China’s travellers spent little, despite rise in Chinese New Year trips

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Global Economy

China’s tech surge leaves Japan and South Korea trailing in global rankings

Propelled by strategic R&D, China’s tech prowess is now the third highest, with key sectors such as batteries and biotech showing big gains over rivals.

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A humanoid robot plays piano during a traditional music performance in Beijing on Thursday. China has elevated science and technology to the core of its national development strategy. Photo: AP
A humanoid robot plays piano during a traditional music performance in Beijing on Thursday. China has elevated science and technology to the core of its national development strategy. Photo: AP

Global Economy

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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China Economy

A boat in every dock? Chinese billionaire unveils plan for mass yacht production

JD.com founder Richard Liu has launched a nautical brand with a massive investment in yacht production, aiming to make ownership affordable.

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China Economy

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

Global monetary body calls on Beijing to roll out more forceful fiscal stimulus to bolster domestic demand amid record trade surplus.

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Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua
Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua

China Economy

China’s yuan strengthens to near 3-year high as US dollar uncertainty grows

The offshore currency continues to appreciate, with official fixing also hitting its strongest level since May 2023.

China Economy

Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse: mayor

Leading in R&D density, AI innovation and start-up cultivation, Shenzhen is building a full-stack AI ecosystem, according to the mayor’s annual work report.

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China Economy

How China’s 5-year energy plan could change the way it powers its economy

Beijing will prioritise energy security through large-scale projects and greater regional self-reliance, as risks mount at home and overseas.

A worker produces solar modules at a solar energy technology company in Huaian, in China’s eastern Jiangsu province, on December 17, 2025. Photo: AFP

China Economy

China braces after Trump imposes new global tariff – how will it respond?

Beijing is on alert but signals readiness to engage ahead of high-level trade talks and Trump’s first visit to China in his second term.

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US President Donald Trump, flanked by Secretary of Commerce Howard Lutnick speaks during a press briefing at the White House, following the Supreme Court’s ruling that Trump had exceeded his authority when he imposed sweeping global tariffs last year. Photo: Reuters
US President Donald Trump, flanked by Secretary of Commerce Howard Lutnick speaks during a press briefing at the White House, following the Supreme Court’s ruling that Trump had exceeded his authority when he imposed sweeping global tariffs last year. Photo: Reuters

China Business

China’s Geely bets on longer-range, faster-charging tech over fresh EV price war

‘We promise to compete based on technology, quality, brand, service and corporate ethics,’ Geely Auto CEO says.

Markets

China’s top court backs legal action against corrupt firms amid equity rally

The court’s initiative marks ‘a positive sign that the market would sustain its upward momentum’, hedge fund manager Zhou Ling says.

China Economy

Ne Zha 2 hangover? China’s Lunar New Year box office plunges to 6-year low

China’s holiday box office fell nearly 40 per cent year on year as studios failed to find a breakout hit to match last year’s Ne Zha 2.

People line up to enter a cinema in north China’s Tianjin. Photo: Xinhua

Tech

AI apps soar in China as Lunar New Year giveaway battle boosts user growth

Tech firms score win as AI assistants become part of holiday consumption – from buying food and booking travel to planning entertainment.

Alibaba’s AI app Qwen saw nearly 200 million orders placed during the holiday period. Photo: Reuters
Alibaba’s AI app Qwen saw nearly 200 million orders placed during the holiday period. Photo: Reuters

China Economy

Chinese tourism to Japan plunges 50% over Lunar New Year as Thailand cashes in

Thailand was the top destination for China’s outbound travellers over the extended holiday, with tourists avoiding Japan amid rising tensions.

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China Economy

US-Indonesia deal threatens China’s ‘entrenched position’ in nickel market: analysts

A new deal gives America unrestricted access to Indonesia’s nickel – and challenges China’s ‘preferential’ position in the market, analysts say.

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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
Zongshuai Fan

Opinion | How ‘little giants’ help China defend its manufacturing dominance

Zongshuai Fan
James David Spellman

Opinion | Despite Supreme Court ruling, Trump has legal cards for tariffs in hand

James David Spellman
Göktuğ Çalışkan

Opinion | China’s zero-tariff offer to Africa is a game changer

Göktuğ Çalışkan
Sebastian Contin Trillo-Figueroa

Opinion | Germany’s outreach to China signals a reckoning, rather than a shift

Sebastian Contin Trillo-Figueroa
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Genevieve Donnellon-May

Opinion | How China’s national food security push could reshape global markets

Genevieve Donnellon-May
Shanshan Li

Opinion | Why the Fed credibility crisis will hit emerging markets harder

Shanshan Li
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MULTIMEDIA
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Chinese tourists have a new favourite country this Lunar New Year

South Korea now tops the list of Lunar New Year destinations for Chinese travellers amid heightened tensions between China and the former top destination, Japan.
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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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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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TRENDING TOPICS
China trade
China manufacturing
China's economic recovery
China inflation
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As high-speed railways saturate China, how far can their global reach extend?

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