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SCMP

Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing.
1. China posts record trade surplus as export wave finds shores outside US
Buttressed by a massive spike in exports, all-time highs in car and computer chip shipments and its largest-ever share of trade with countries in the Belt and Road Initiative, China’s record-breaking trade surplus in 2024 underscored the resilience of its supply chain – though higher tariffs on the horizon will make similar levels of trade growth a challenge in 2025.
2. US diplomat and economist Robert Hormats on ‘embedded competition’ with China
The veteran diplomat and economist untangles twists and turns of a full China-US decoupling, says differences should be managed carefully.
3. Chinese rice tastes better than it did 16 years ago, research team finds

The taste of rice in China has improved over the past decade or so, Chinese researchers have discovered.
4. How Western sanctions are driving a surge in China-Russia trade
Trade between the two powers continued to grow across a range of categories in 2024, but may face greater headwinds this year.
5. China defends Scarborough Shoal patrols after Philippine protest

China has defended its coastguard patrols in the disputed South China Sea, responding to a protest from the Philippines over what it called the Chinese force’s “continued illegal presence and operations”.
6. Chinese military delegation to visit Japan in bid to mend strained ties
China’s People’s Liberation Army (PLA) will send a delegation to Japan for a visit later this month as the two countries step up engagement and defence exchanges in a bid to mend bilateral ties.
7. To boost yuan, China’s central bank allows firms to borrow more foreign debt

China’s central bank has mounted a stronger defence for the yuan and the domestic foreign exchange market, as the country braces for the return of Donald Trump who is expected to bring greater headwinds to trade and the exchange rate.


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SCMP Highlights

China’s record-breaking trade surplus, better tasting rice: SCMP daily highlights

China’s trade surplus grew to an unprecedented level in 2024, buoyed by a rapid expansion of exports. Photo: AFP

A Chinese research team has evaluated rice grown in the country based on standards relating to appearance, odour, palatability, taste, and texture when cold. Photo: Shutterstock

The Philippine Coast Guard says a Chinese Coast Guard ship sailing some 60 nautical miles (111 kilometres, 69 miles) west of the main Philippine island of Luzon. Photo: AFP/Philippine Coast Guard

The People’s Bank of China is taking action as the yuan’s exchange rate against the US dollar has dropped to lows unseen in several years. Photo: Reuters

China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief

People’s Bank of China governor Pan Gongsheng (pictured here in 2023) spoke on Monday at the Asian Financial Forum in Hong Kong. Photo: May Tse

People’s Bank of China governor Pan Gongsheng speaks at the Asian Financial Forum in Hong Kong on Monday. Photo: Now TV news

Mainland China ramps up integration push with local Taiwan affairs offices in Fujian

A tourist in Fujian’s Pingtan county poses with a monument representing mainland China and Taiwan. Photo: AFP

Chinese actor Wang Xing rescued, Tibet earthquake, dementia tests: SCMP’s 7 highlights

Wang Xing’s disappearance caught public attention after his girlfriend posted on social media that she had lost contact with him near the Myanmar border. Photo: Weibo

People sift through rubble in the aftermath of a magnitude 6.8 earthquake in China’s southern Tibet autonomous region on Tuesday morning. Photo: Xinhua

A submarine drone suspected to be from China found by fishermen off a coast in Masbate province, Philippines. Photo: AFP

The motorcycle veered out of control and collided with a roadside metal pole. Photo: Facebook/Dennis Lui

The clock-drawing test requires a person to be able to interpret the placement of the hands in relation to the numbers. It is an ability often lost in people with early dementia. Photo: Shutterstock

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From China’s record-breaking trade surplus to Beijing and Tokyo’s bid to mend ties, here’s a round-up from today’s China and economy coverage


From China’s record-breaking trade surplus to Beijing and Tokyo’s bid to mend ties, here’s a round-up from today’s China and economy coverage.


China’s record-breaking trade surplus, better tasting rice: SCMP daily highlights

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}From China’s record-breaking trade surplus to Beijing and Tokyo’s bid to mend ties, here’s a round-up from today’s China and economy coverage

1. China posts record trade surplus as export wave finds shores outside US

From China’s record-breaking trade surplus to Beijing and Tokyo’s bid to mend ties, here’s a round-up from today’s China and economy coverage