https://www.scmp.com/rss/148715/feed He Huifeng is an award-winning journalist who has reported on China since 2001. She has gained an in-depth knowledge of political, economic and social issues in mainland China through years of close observation, which has given her a love for journalism in the field. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com He Huifeng He Huifeng A major benchmark of China’s factory-gate prices continued to rise last month, as the energy shock linked to the US-Israel war on Iran weighs on producers in the world’s second-largest economy. After returning to growth for the first time in more than three years the month before, the producer price index (PPI) recorded a higher-than-expected year-on-year increase of 2.8 per cent in April, according to the National Bureau of Statistics (NBS). This followed March’s 0.5 per cent year-on-year... https://www.scmp.com/economy/economic-indicators/article/3353089/chinas-producer-consumer-inflation-april-iran-war-pressures-persist?utm_source=rss_feed https://www.scmp.com/economy/economic-indicators/article/3353089/chinas-producer-consumer-inflation-april-iran-war-pressures-persist?utm_source=rss_feed Mon, 11 May 2026 03:54:15 +0000 He Huifeng He Huifeng Chinese citizens are facing growing inequality in wages and wealth, constraining the country’s “common prosperity” agenda at a time of slowing economic growth, a prominent economist has warned. Offering a rare glimpse into economic distribution beyond official statistics, research by Li Shi, dean of the Institute for Common Prosperity and Development at Zhejiang University, showed that China’s wealth Gini coefficient – a measure of inequality – rose from 0.45 in 1995 to above 0.7 in 2023. The... https://www.scmp.com/economy/china-economy/article/3352248/chinas-common-prosperity-push-faces-reality-check-inequality-rises-study?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3352248/chinas-common-prosperity-push-faces-reality-check-inequality-rises-study?utm_source=rss_feed Mon, 04 May 2026 04:00:11 +0000 He Huifeng He Huifeng The eight-year-old son of Guangzhou businessman Terry Fang recently arrived at a blunt conclusion: Chinese tech is “cool”. The boy’s impression was formed not in the classroom, or even online, but through repeated exposure to real-world industrial settings. Earlier this year, Fang took his children to a local low-altitude aviation company, where they watched electric vertical take-off and landing aircraft navigate and avoid obstacles in real time. For China’s urban middle class, hi-tech... https://www.scmp.com/economy/china-economy/article/3352023/how-chinas-industrial-tourism-boom-creating-new-generation-tech-savvy-children?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3352023/how-chinas-industrial-tourism-boom-creating-new-generation-tech-savvy-children?utm_source=rss_feed Sun, 03 May 2026 03:00:14 +0000 He Huifeng He Huifeng China is bracing for a record surge in cross-regional travel over the coming Labour Day holiday, as the country’s tourism sector continues to see strong demand amid government efforts to boost consumption. The domestic transport network is projected to handle 1.52 billion cross-regional trips – about 304 million trips per day – over the five-day public holiday, up 4 per cent compared with the same period last year, the Ministry of Transport announced on Tuesday. Public transport passenger flows... https://www.scmp.com/economy/china-economy/article/3351841/china-braces-record-labour-day-travel-surge-tourism-demand-remains-robust?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351841/china-braces-record-labour-day-travel-surge-tourism-demand-remains-robust?utm_source=rss_feed Thu, 30 Apr 2026 01:00:11 +0000 He Huifeng He Huifeng Profit growth at China’s industrial firms accelerated to a six-month high in March, as long-suppressed factory-gate prices turned positive amid disruptions from the Iran war. Total profits for China’s major industrial enterprises – those with annual revenues greater than 20 million yuan (US$2.93 million) – grew by 15.8 per cent last month, the fastest rate since September, according to data released by the National Bureau of Statistics (NBS) on Monday. Profits in the first quarter reached 1.696... https://www.scmp.com/economy/china-economy/article/3351565/china-industrial-profits-hit-6-month-high-amid-iran-war-factory-gate-prices-rebound?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351565/china-industrial-profits-hit-6-month-high-amid-iran-war-factory-gate-prices-rebound?utm_source=rss_feed Mon, 27 Apr 2026 10:00:24 +0000 He Huifeng He Huifeng Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned as a critical source of stabilising local government finances that have been hit hard by the nation’s prolonged property crisis. Earlier this month, the State Taxation Administration (STA) released details of eight tax-violation cases involving sectors such as gold jewellery, alcoholic beverages and refined oil. The enforcement actions spanned multiple regions,... https://www.scmp.com/economy/china-economy/article/3351320/china-ramps-hunt-tax-evaders-frames-consumption-levies-fiscal-lifelines?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351320/china-ramps-hunt-tax-evaders-frames-consumption-levies-fiscal-lifelines?utm_source=rss_feed Fri, 24 Apr 2026 14:00:14 +0000 He Huifeng He Huifeng Shortly after the doors opened each day at the ongoing Canton Fair, every corner of the robotics and drone halls quickly filled to capacity, while the new energy pavilion remained densely packed with overseas buyers. Foreign buyers moved slowly between booths, live streaming their encounters with new tech products to social media, queuing to try out the latest devices and in some cases, purchasing samples on the spot at the event, which started last Wednesday. The scenes reflect a broader shift... https://www.scmp.com/economy/china-economy/article/3350820/chinas-canton-fair-defies-global-trends-overseas-customers-flock-buy-robots-drones?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350820/chinas-canton-fair-defies-global-trends-overseas-customers-flock-buy-robots-drones?utm_source=rss_feed Thu, 23 Apr 2026 02:00:08 +0000 He Huifeng He Huifeng China has announced that it now has the capacity to build up to 50 nuclear reactors simultaneously, as it doubles down on a push to rapidly expand its nuclear power generation and become a global leader in the sector. The figure came from a report released by the China Nuclear Energy Association (CNEA) on Friday, which highlights the country’s ability to run dozens of nuclear projects concurrently spanning the full project life cycle – from design to construction. “China’s nuclear technology... https://www.scmp.com/economy/china-economy/article/3350847/chinas-vast-nuclear-power-sector-now-able-build-50-reactors-time?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350847/chinas-vast-nuclear-power-sector-now-able-build-50-reactors-time?utm_source=rss_feed Tue, 21 Apr 2026 07:12:39 +0000 Xiaofei Xu,He Huifeng Xiaofei Xu,He Huifeng With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with... https://www.scmp.com/economy/china-economy/article/3350477/chinese-manufacturers-recalibrate-overseas-expansion-plans-wake-iran-war?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350477/chinese-manufacturers-recalibrate-overseas-expansion-plans-wake-iran-war?utm_source=rss_feed Fri, 17 Apr 2026 22:00:09 +0000 He Huifeng He Huifeng Some exporters at the Canton Fair in Guangzhou report a modest return of orders to China from Southeast Asia, as energy-market volatility linked to the US-Israeli war in Iran prompts some Western buyers to prioritise supply chain stability. The shift is visible in buyer patterns on the exhibition floor, where the number from Europe and the United States appears to have recovered from last year’s levels, according to Chinese exporters, with more inquiries for home appliances, new energy products... https://www.scmp.com/economy/global-economy/article/3350446/iran-war-energy-shock-threatens-southeast-asias-supply-chains-win-china?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350446/iran-war-energy-shock-threatens-southeast-asias-supply-chains-win-china?utm_source=rss_feed Fri, 17 Apr 2026 13:30:08 +0000 He Huifeng He Huifeng Rising tensions in the Middle East cast a fresh shadow over the opening of China’s largest trade fair, at a time when the impact of geopolitical shocks is being reflected in the nation’s trade figures. In conversations across sprawling exhibition halls after the Canton Fair opened its doors on Wednesday in China’s manufacturing hub of Guangzhou, domestic exporters and foreign buyers sounded each other out, trying to gauge how far those shocks might ripple through global trade. The threat of US... https://www.scmp.com/economy/global-economy/article/3350200/canton-fair-under-middle-east-cloud-sets-records-high-costs-hit-chinas-exporters?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350200/canton-fair-under-middle-east-cloud-sets-records-high-costs-hit-chinas-exporters?utm_source=rss_feed Thu, 16 Apr 2026 00:00:13 +0000 He Huifeng He Huifeng China’s leading steelmakers are stepping up coordinated efforts to adjust export strategies, compliance systems and pricing models in response to this year’s full implementation of the EU’s tariff-like Carbon Border Adjustment Mechanism (CBAM), which imposes direct carbon-linked costs on imports. “China’s indirect steel exports to the EU are substantial, and a significant portion consists of high value-added products,” said Jiang Wei, vice-chairman and secretary general of the China Iron and... https://www.scmp.com/economy/china-economy/article/3350177/chinese-steelmakers-coordinate-response-eus-carbon-linked-import-imposts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350177/chinese-steelmakers-coordinate-response-eus-carbon-linked-import-imposts?utm_source=rss_feed Wed, 15 Apr 2026 10:30:10 +0000 He Huifeng He Huifeng When Su Shaojun launched an audacious plan to build a life-size replica of the Titanic, he felt he was on to a sure-fire winner. After all, James Cameron’s iconic 1997 film had been a worldwide hit – including in China, where it had grossed over US$200 million. At a press event to unveil the project in 2014, Su invited the actor Bernard Hill – who played the captain of the Titanic in the film – to appear alongside him as he told the assembled reporters in Hong Kong that his company aimed to... https://www.scmp.com/economy/china-economy/article/3349667/how-chinas-fake-titanic-sank-stone-and-became-symbol-local-excess?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349667/how-chinas-fake-titanic-sank-stone-and-became-symbol-local-excess?utm_source=rss_feed Sun, 12 Apr 2026 08:00:11 +0000 He Huifeng He Huifeng Two months after the United States’ capture and forcible extradition of former Venezuelan president Nicolas Maduro – and as the South American country attempts to settle into a state of relative normalcy in the aftermath of the military incursion – a cohort of Chinese migrants are relocating there in search of business opportunities. Not all are new arrivals. Mey Hou, a long-term Venezuela resident in her 40s who fled the country during Maduro’s tenure, said many people from her hometown in... https://www.scmp.com/economy/china-economy/article/3347566/maduros-capture-sparked-outrage-confusion-and-chinese-migration-wave-venezuela?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347566/maduros-capture-sparked-outrage-confusion-and-chinese-migration-wave-venezuela?utm_source=rss_feed Sun, 12 Apr 2026 02:00:07 +0000 He Huifeng He Huifeng China’s top judicial bodies have detailed ways that the country’s criminal law can be applied to corrupt middlemen, refining the criteria for tackling “new and hidden forms of corruption”. The guidance was part of a judicial interpretation released jointly by the Supreme People’s Court and the Supreme People’s Procuratorate on Friday. In it, the bodies highlight the need to enforce the law against all participants in the corruption chain, for the direct bribe-givers and recipients to... https://www.scmp.com/news/china/politics/article/3349749/china-targets-middlemen-renewed-crackdown-hidden-corruption?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3349749/china-targets-middlemen-renewed-crackdown-hidden-corruption?utm_source=rss_feed Sat, 11 Apr 2026 11:00:11 +0000 Ralph Jennings,Mia Nurmamat,He Huifeng Ralph Jennings,Mia Nurmamat,He Huifeng As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and petroleum-based raw materials that help power China’s manufacturing sector – the world’s largest – and a fragile two-week ceasefire between Iran and the United States is unlikely to restore pre-conflict stability in the near term, according to industry... https://www.scmp.com/economy/global-economy/article/3349653/cancelling-orders-china-how-hormuz-oil-crisis-hitting-transport-manufacturing?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349653/cancelling-orders-china-how-hormuz-oil-crisis-hitting-transport-manufacturing?utm_source=rss_feed Sat, 11 Apr 2026 05:00:11 +0000 He Huifeng He Huifeng While the world remains divided over the unresolved issue of toll collection in the Strait of Hormuz, some Chinese experts have proposed pegging fees to oil prices or using exportable digital tokens from China for settlements. If tolls were to be imposed in this strategic chokepoint for global energy trade, settlement mechanisms could be “innovative”, said Wang Yiwei, director of the Institute of International Affairs at Renmin University. “Tolls and settlements could be tied to oil prices or... https://www.scmp.com/economy/global-economy/article/3349545/hormuz-toll-debate-china-experts-propose-innovative-solutions-impasse-persists?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349545/hormuz-toll-debate-china-experts-propose-innovative-solutions-impasse-persists?utm_source=rss_feed Thu, 09 Apr 2026 15:00:11 +0000 He Huifeng He Huifeng China has broken ground on a 50-megawatt concentrated solar power plant in Tibet at an altitude of 4,550 metres (14,900 feet), making it the world’s highest-altitude parabolic trough solar thermal facility. The project, located in Dangxiong County, incorporates a 400-megawatt photovoltaic system and is scheduled for full operation by 2027, Xinhua reported. Preparatory digging at the site began on Monday. Global energy supplies have grown increasingly volatile in recent years, due to climate... https://www.scmp.com/economy/china-economy/article/3349255/china-starts-work-solar-plant-built-under-extreme-conditions-amid-global-energy-crisis?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349255/china-starts-work-solar-plant-built-under-extreme-conditions-amid-global-energy-crisis?utm_source=rss_feed Tue, 07 Apr 2026 10:58:07 +0000 He Huifeng He Huifeng China will carry out its second round of frozen pork stockpiling this year for state reserves after live hog prices in March fell to their lowest level in nearly eight years, as policymakers seek to cushion a deepening plunge that is hurting rural incomes and adding to deflationary pressure. The Ministry of Commerce said on Thursday that it would work with the National Development and Reform Commission (NDRC) and the Ministry of Finance to undertake pork stockpiling. “The Ministry of Commerce... https://www.scmp.com/economy/china-economy/article/3348920/china-boost-frozen-pork-reserves-hog-prices-tumble-multi-year-troughs?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348920/china-boost-frozen-pork-reserves-hog-prices-tumble-multi-year-troughs?utm_source=rss_feed Fri, 03 Apr 2026 09:00:17 +0000 He Huifeng He Huifeng Meltwater from snow-capped mountains is fostering an emerging trout-farming industry thousands of kilometres from the sea in western China’s Xinjiang Uygur autonomous region. The region, famous for its cotton, is on track to become China’s top trout producer as it ramps up efforts to diversify its agricultural base following criticism of labour practices in the cotton sector that led to import bans overseas. In 2018, in response to rising domestic demand for Atlantic salmon and limited local... https://www.scmp.com/economy/china-economy/article/3347727/how-salmon-raised-landlocked-xinjiang-netting-fans-china?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347727/how-salmon-raised-landlocked-xinjiang-netting-fans-china?utm_source=rss_feed Wed, 25 Mar 2026 02:00:08 +0000 He Huifeng He Huifeng As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. One morning in December, Zhang Li showed up for work as normal at Everwin Toys in Dongguan to find a... https://www.scmp.com/economy/china-economy/article/3347333/how-chinas-tech-transformation-putting-worlds-factory-tough-spot?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347333/how-chinas-tech-transformation-putting-worlds-factory-tough-spot?utm_source=rss_feed Sat, 21 Mar 2026 06:00:32 +0000 He Huifeng He Huifeng Shanghai certified 30 new regional headquarters of multinational corporations and 15 research and development centres funded by overseas entities on Wednesday – a sign of continued interest in the Chinese financial hub despite an overall decline in the country’s foreign direct investment (FDI). Of the companies whose headquarters and R&D centres were certified this week in a ceremony hosted by the city’s mayor, Gong Zheng, eight are on the Fortune 500 list, according to a statement from the... https://www.scmp.com/economy/china-economy/article/3347178/shanghai-certifies-30-overseas-offices-amid-chinas-investment-sales-pitch?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347178/shanghai-certifies-30-overseas-offices-amid-chinas-investment-sales-pitch?utm_source=rss_feed Thu, 19 Mar 2026 10:30:09 +0000 He Huifeng He Huifeng Observers in China have reacted cautiously to reports that Iran may allow oil tankers through the Strait of Hormuz if the trade is conducted in Chinese yuan, citing operational feasibility limits and security risks. While the plan could symbolically advance the use of the Chinese currency, its implementation would face security and feasibility challenges and could strain China-US ties, they warned. The Strait of Hormuz, one of the world’s most critical oil shipping lanes, has been largely shut... https://www.scmp.com/economy/china-economy/article/3346617/does-iran-have-yuan-hormuz-oil-trade-plan-why-analysts-china-are-urging-caution?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346617/does-iran-have-yuan-hormuz-oil-trade-plan-why-analysts-china-are-urging-caution?utm_source=rss_feed Sat, 14 Mar 2026 13:09:46 +0000 He Huifeng He Huifeng From assisting with office work to providing daily entertainment, arranging blind dates, and even helping with stock market investments, Chinese users are enthusiastically exploring the cutting-edge OpenClaw artificial intelligence tool for various purposes. While most early adopters are tech professionals, others are jumping in too, driven not only by speculation and the lure of quick gains, but also curiosity and fear of missing out on the latest AI craze. “Play OpenClaw right, and it can... https://www.scmp.com/tech/tech-trends/article/3346378/stock-tips-blind-dates-why-chinese-are-obsessed-raising-lobster?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346378/stock-tips-blind-dates-why-chinese-are-obsessed-raising-lobster?utm_source=rss_feed Fri, 13 Mar 2026 01:30:12 +0000 He Huifeng He Huifeng China’s spring hiring season is revealing a sharp surge in demand for artificial intelligence talent as companies speed up the deployment of related technologies, turning it into one of the country’s hottest professional fields. The number of AI-related job postings in China in the first two months of the year grew about 12-fold year on year, far outpacing growth in other “new-economy” industries such as healthcare, renewable energy and semiconductors, People’s Daily reported on Tuesday, citing... https://www.scmp.com/tech/article/3346244/demand-ai-talent-china-outpaces-job-postings-other-new-economy-sectors?utm_source=rss_feed https://www.scmp.com/tech/article/3346244/demand-ai-talent-china-outpaces-job-postings-other-new-economy-sectors?utm_source=rss_feed Wed, 11 Mar 2026 11:29:44 +0000 Mandy Zuo,He Huifeng Mandy Zuo,He Huifeng Halo, short for heavy assets, low obsolescence, has emerged as a major Wall Street theme in recent weeks. Investors are rotating from tech stocks to companies with real physical assets amid fears over artificial intelligence, geopolitical tensions and rising prices of resources and infrastructure. Here’s what you need to know about how the strategy gained popularity and why it matters to China. What is Halo? The term was coined last month by Josh Brown, CEO of Ritholtz Wealth Management, to... https://www.scmp.com/business/china-business/article/3346161/halo-trade-reshapes-wall-street-portfolios-china-set-lead-heavy-asset-era?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346161/halo-trade-reshapes-wall-street-portfolios-china-set-lead-heavy-asset-era?utm_source=rss_feed Wed, 11 Mar 2026 03:00:11 +0000 He Huifeng He Huifeng Companies in southern China are feeling growing confidence in the state of US-China relations and are reinvesting cautiously in the country, according to a survey by a US business lobby group. The American Chamber of Commerce in South China (AmCham South China) – a mix of foreign and domestic firms – generally expects bilateral ties to stabilise in the year ahead, but is also adapting to geopolitical friction as China shifts from assembling Western goods to supplying industrial parts to emerging... https://www.scmp.com/economy/china-economy/article/3345955/china-us-trade-relations-may-reach-tactical-truce-slowing-down-economic-decoupling?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345955/china-us-trade-relations-may-reach-tactical-truce-slowing-down-economic-decoupling?utm_source=rss_feed Mon, 09 Mar 2026 20:00:08 +0000 Eunice Xu,He Huifeng Eunice Xu,He Huifeng Tech giant Xiaomi has tested self-developed humanoid robots for car production, as the company pushes forward with plans to deploy “a large number” of self-developed humanoid robots in its own factories over the next five years, company founder Lei Jun has said. Lei, also Xiaomi’s CEO and chairman, shared an article on Monday about trial operations in the firm’s car production facility, where the robots were said to have operated autonomously for three continuous hours, successfully completing... https://www.scmp.com/business/china-business/article/3345263/xiaomi-deploy-large-number-humanoid-robots-its-factories-within-5-years?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345263/xiaomi-deploy-large-number-humanoid-robots-its-factories-within-5-years?utm_source=rss_feed Tue, 03 Mar 2026 08:16:22 +0000 He Huifeng He Huifeng Rising tensions in the Middle East following attacks on Iran are having an impact on the trade corridors and investment plans of Chinese exporters and investors, who had seen Iran and the broader region as crucial growth markets. Joint strikes on Iran by the United States and Israel since Saturday have left shipments stalled, payments delayed and clients unreachable, Chinese businesspeople said. For many of them, the disruption has been direct and immediate. David Xie, an executive at a... https://www.scmp.com/economy/china-economy/article/3345157/we-couldnt-reach-them-chinese-firms-iran-business-limbo-after-strikes?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345157/we-couldnt-reach-them-chinese-firms-iran-business-limbo-after-strikes?utm_source=rss_feed Tue, 03 Mar 2026 04:00:09 +0000 He Huifeng He Huifeng With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. It is the middle of the night in Dongguan, one of China’s biggest export hubs, but Peng Biao is still editing videos. In the footage, a factory owner from the city... https://www.scmp.com/economy/china-economy/article/3344803/chinas-firms-go-global-foreign-expertise-becoming-hot-commodity?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3344803/chinas-firms-go-global-foreign-expertise-becoming-hot-commodity?utm_source=rss_feed Fri, 27 Feb 2026 02:24:15 +0000 He Huifeng,Coco Feng He Huifeng,Coco Feng Xu Yangtian, the low profile founder and chairman of online retail giant Shein, which sought to distance itself from China by moving its headquarters to Singapore, made his first-ever public appearance on Tuesday, praising southern Guangdong province’s role in the company’s global success. Dressed in a black suit and burgundy tie, Xu, also known as Sky Xu or Chris Xu, pledged to “continue to take root in Guangdong” by investing over 10 billion yuan (US$1.4 billion) to build a “smart supply chain... https://www.scmp.com/tech/tech-trends/article/3344473/shein-founder-praises-guangdong-roots-first-public-speech-offshore-listing-stalls?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3344473/shein-founder-praises-guangdong-roots-first-public-speech-offshore-listing-stalls?utm_source=rss_feed Tue, 24 Feb 2026 11:00:08 +0000 Coco Feng,He Huifeng Coco Feng,He Huifeng Huawei Technologies recorded revenue of more than 880 billion yuan (US$127 billion) in 2025, a company executive disclosed on Tuesday, signaling the tech giant’s resilience despite US sanctions. Huawei chairman Howard Liang Hua said that the company maintained steady operations to provide globally competitive products and services. He spoke at the 2026 Guangdong High-quality Development Conference, a provincial government event. Last year’s revenue figure was the second highest on record for... https://www.scmp.com/tech/big-tech/article/3344428/huaweis-2025-revenues-surge-us127-billion-firm-continues-defy-us-sanctions?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3344428/huaweis-2025-revenues-surge-us127-billion-firm-continues-defy-us-sanctions?utm_source=rss_feed Tue, 24 Feb 2026 07:00:09 +0000 He Huifeng He Huifeng As China’s workforce heads into another year-end bonus season ahead of the Lunar New Year, the mood is colder than in previous cycles. Unlike a few years ago, when social media was flooded with posts flaunting outsized payouts, public talk of bonuses has largely faded from view. Long viewed by Chinese employees as a barometer of corporate prospects, industry momentum and even the broader economy, the year-end bonus packages for 2025 have become smaller, rarer and far more unevenly distributed,... https://www.scmp.com/economy/china-economy/article/3342055/chinas-companies-cut-back-year-end-bonuses-profit-margins-narrow?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342055/chinas-companies-cut-back-year-end-bonuses-profit-margins-narrow?utm_source=rss_feed Tue, 17 Feb 2026 02:00:09 +0000 He Huifeng He Huifeng As families across China gather for the 2026 Lunar New Year holiday, pre-made dishes at their reunion dinners – the centrepiece of Spring Festival celebrations – have again come under scrutiny. Chinese households, many of which tend to reduce their budget, have increasingly been cautious, following a high-profile row over food transparency and quality involving a star influencer with millions of fans online and a national restaurant chain. “I work all year round overtime and do eat pre-made food... https://www.scmp.com/economy/china-economy/article/3343660/chinese-families-cool-pre-made-meals-lunar-new-year-after-scandal?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343660/chinese-families-cool-pre-made-meals-lunar-new-year-after-scandal?utm_source=rss_feed Mon, 16 Feb 2026 07:00:08 +0000 He Huifeng He Huifeng China’s box office presales topped 200 million yuan (US$28.9 million) by Saturday ahead of the coming Lunar New Year holiday, led exclusively by domestic productions – a decline of more than 60 per cent from about 600 million yuan over the same period last year, according to Taopiaopiao, the online ticketing arm of Alibaba Pictures. Presales are closely watched by distributors and investors as an early indicator of holiday audience demand. Long seen as a crucial pillar of China’s film market,... https://www.scmp.com/economy/china-economy/article/3342186/chinas-box-office-presales-fall-over-60-last-year-crucial-lunar-new-year-window?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342186/chinas-box-office-presales-fall-over-60-last-year-crucial-lunar-new-year-window?utm_source=rss_feed Sun, 15 Feb 2026 02:00:09 +0000 He Huifeng He Huifeng People across China are buying up gold in large volumes ahead of the Lunar New Year holiday, as surging prices for the precious metal fuel its popularity as both a festive gift and an investment. From migrant workers splashing out on gold-coated jewellery, to white-collar workers pouring their savings into gold-linked investment funds, the metal is widely seen not only as a marker of social respectability, but also as a safety net amid an uncertain world. The rising demand comes amid an... https://www.scmp.com/economy/china-economy/article/3343554/chinas-gold-rush-why-families-are-doubling-down-precious-metals?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343554/chinas-gold-rush-why-families-are-doubling-down-precious-metals?utm_source=rss_feed Sat, 14 Feb 2026 12:00:16 +0000 He Huifeng He Huifeng Over 10 million students graduate from Chinese universities every year, straining an already crowded labour market. Yet the “micro drama” industry is emerging as a crucial lifeline for hundreds of thousands of young jobseekers: offering the chance to turn creativity into a stable pay cheque. The sector was estimated to directly generate about 690,000 jobs in 2025 – mostly for young people – and over 2 million positions when counting upstream and downstream roles, according to a recent report by... https://www.scmp.com/economy/china-economy/article/3342809/chinas-micro-drama-industry-emerges-jobs-lifeline-tough-graduate-labour-market?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342809/chinas-micro-drama-industry-emerges-jobs-lifeline-tough-graduate-labour-market?utm_source=rss_feed Sun, 08 Feb 2026 09:00:08 +0000 He Huifeng He Huifeng Following the sudden demise of a major gold trading platform in the southern Chinese city of Shenzhen, another retail-focused operator has suffered a run, stoking fears of contagion in China’s private market for the precious metal. The platform, Ydd007, is the latest to face trouble. On Sunday, it told investors that it had experienced three “severe runs” in recent days amid mounting industry panic. It also acknowledged a significant funding shortfall, according to Chengdu.cn, part of the... https://www.scmp.com/economy/china-economy/article/3342258/chinas-gold-trading-hub-rattled-second-platform-faces-payment-crisis?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3342258/chinas-gold-trading-hub-rattled-second-platform-faces-payment-crisis?utm_source=rss_feed Tue, 03 Feb 2026 12:02:49 +0000 He Huifeng He Huifeng China needs to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets, and reach the status of a global reserve. The mission for the yuan was from excerpts of a speech by President Xi Jinping and published online on Saturday by Qiushi, the ruling Communist Party’s leading theoretical journal. Xi made the speech in 2024 to provincial and ministerial officials about building the country into a global financial powerhouse. Parts of Xi’s... https://www.scmp.com/economy/china-economy/article/3341958/china-strong-currency-mission-make-yuan-global-reserve-xi?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341958/china-strong-currency-mission-make-yuan-global-reserve-xi?utm_source=rss_feed Sat, 31 Jan 2026 13:04:36 +0000 He Huifeng He Huifeng Rising macroeconomic uncertainty has sent confidence to a 14-year low among China’s high-net-worth families, prompting more cautious spending and investment decisions, the latest Hurun survey indicates. The Hurun Research Institute report showed that high-end consumption among luxury consumers shrank by about 5 per cent last year from 2024 levels, to 1.56 trillion yuan (US$224.4 billion). Meanwhile, the economic confidence index for China’s high-net-worth individuals (HNWIs) has declined for the... https://www.scmp.com/economy/china-economy/article/3341939/chinas-rich-cut-high-end-spending-5-economic-confidence-hits-14-year-low?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341939/chinas-rich-cut-high-end-spending-5-economic-confidence-hits-14-year-low?utm_source=rss_feed Sat, 31 Jan 2026 08:45:11 +0000 He Huifeng He Huifeng The sudden demise of a major gold trading platform has rocked the southern Chinese city of Shenzhen, leaving tens of thousands of retail investors with combined losses totalling more than 10 billion yuan (US$1.4 billion), according to investors and domestic media reports. Chinese retail investors have rushed to capitalise on the unprecedented rally in global gold prices in recent months, leading many to put their funds into the online metals trading platform JWR. But as the gold spot price... https://www.scmp.com/economy/china-economy/article/3341633/chinas-gold-fever-sparks-us1-billion-scandal-trading-platform-collapses?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341633/chinas-gold-fever-sparks-us1-billion-scandal-trading-platform-collapses?utm_source=rss_feed Thu, 29 Jan 2026 04:40:07 +0000 He Huifeng He Huifeng China’s premier manufacturing hub is recalibrating its economic ambitions, with policymakers in the industrial heartland of Guangdong setting a cautious growth target for 2026, signalling a strategic shift amid intensifying external pressures and internal regional imbalances. The southern province, bordering Hong Kong, expects its gross domestic product to grow between 4.5 and 5 per cent this year, its governor, Meng Fanli, said on Monday while delivering the annual government work report at the... https://www.scmp.com/economy/china-economy/article/3341259/chinas-manufacturing-powerhouse-cuts-2026-gdp-growth-target-after-missing-mark?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341259/chinas-manufacturing-powerhouse-cuts-2026-gdp-growth-target-after-missing-mark?utm_source=rss_feed Tue, 27 Jan 2026 00:00:08 +0000 He Huifeng He Huifeng Despite a slowing economy, recurring trade frictions and intensifying price competition, the value of China’s exports rose in 2025 by 6.1 per cent, year on year, to a record 26.98 trillion yuan (US$3.87 trillion) – cementing its position as the world’s largest trading nation. Behind that growth, China’s export machine is increasingly being shaped by coastal concentration and industrial upgrading, with market diversification cushioning external shocks at the cost of weaker prices and thinner... https://www.scmp.com/economy/china-economy/article/3341023/how-are-us-tariffs-and-trade-barriers-redrawing-chinas-export-map?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3341023/how-are-us-tariffs-and-trade-barriers-redrawing-chinas-export-map?utm_source=rss_feed Fri, 23 Jan 2026 13:30:08 +0000 Luna Sun,He Huifeng Luna Sun,He Huifeng With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In the days since Washington’s ousting and abduction of former Venezuelan president Nicolas Maduro – an event that sent shock waves through global markets – some... https://www.scmp.com/economy/global-economy/article/3339607/us-has-played-its-hand-latin-america-will-chinas-firms-there-cash-out?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3339607/us-has-played-its-hand-latin-america-will-chinas-firms-there-cash-out?utm_source=rss_feed Mon, 12 Jan 2026 22:00:19 +0000 He Huifeng,Mandy Zuo He Huifeng,Mandy Zuo With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. Chinese national Steve Xie has been doing business overseas for years. His latest venture, a new warehouse in Egypt, will supply electric vehicles and auto parts to... https://www.scmp.com/economy/china-economy/article/3339349/chinas-companies-expand-overseas-entrepreneurs-want-passports-match?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3339349/chinas-companies-expand-overseas-entrepreneurs-want-passports-match?utm_source=rss_feed Mon, 12 Jan 2026 02:00:18 +0000 He Huifeng He Huifeng Eight years after leaving Venezuela, David Hou, a native of southern China’s Guangdong province, returned last year, pleased to find what he described as an improved economic environment. That optimism is now shrouded in uncertainty after the United States abducted Venezuelan President Nicolas Maduro on allegations of narcoterrorism and possessing “destructive devices” – charges he has firmly rejected. While the full impact has yet to be felt, the situation is “making people anxious and very... https://www.scmp.com/economy/global-economy/article/3338956/chinese-business-owner-venezuela-warns-knock-effects-following-maduros-abduction?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3338956/chinese-business-owner-venezuela-warns-knock-effects-following-maduros-abduction?utm_source=rss_feed Tue, 06 Jan 2026 14:00:10 +0000 Luna Sun,He Huifeng Luna Sun,He Huifeng Chinese companies operating in Latin America are bracing for greater uncertainty rather than an abrupt rupture, as Washington moves to reassert dominance in the western hemisphere following the ousting of Venezuelan President Nicolas Maduro, according to analysts. This sense of caution comes amid intensifying US efforts to curb China’s footprint in strategic resources, infrastructure and trade across the region. “There is little doubt that a Trump-style Monroe Doctrine is aimed squarely at... https://www.scmp.com/economy/china-economy/article/3338730/after-trumps-venezuela-takeover-chinas-investors-prep-latin-american-era-anxiety?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3338730/after-trumps-venezuela-takeover-chinas-investors-prep-latin-american-era-anxiety?utm_source=rss_feed Mon, 05 Jan 2026 06:00:19 +0000 Carol Yang,He Huifeng Carol Yang,He Huifeng The United States’ seizure of Venezuela’s president, Nicolas Maduro, has the potential to reshape the global oil market, as America gains effective control over a country with the world’s largest proven oil reserves, analysts said. While crude prices may rise marginally in the short term, the move could boost long-term supplies and tighten the US’ grip over the oil market at a time when its position was starting to look more vulnerable, they said. “Once the US gains control of the country,... https://www.scmp.com/economy/china-economy/article/3338670/us-removal-maduro-has-potential-reshape-global-oil-market-analysts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3338670/us-removal-maduro-has-potential-reshape-global-oil-market-analysts?utm_source=rss_feed Sun, 04 Jan 2026 13:06:16 +0000 He Huifeng He Huifeng Since 2020, Li Jiang, a veteran manufacturing entrepreneur from Guangdong, has been selling off his properties one by one – a move that once puzzled many of his friends. For decades, real estate had been the ultimate “anchor” for retirement planning and wealth transfer among China’s high-net-worth families. At his peak, Li concentrated much of his wealth in property, owning seven assets ranging from CBD apartments to high-end suburban villas. These were intended partly for retirement and partly... https://www.scmp.com/economy/china-economy/article/3337974/chinas-wealthy-swap-real-estate-insurance-gold-retirement-looms?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3337974/chinas-wealthy-swap-real-estate-insurance-gold-retirement-looms?utm_source=rss_feed Sun, 04 Jan 2026 03:00:11 +0000 He Huifeng He Huifeng China has unveiled the details of an extension to its popular consumer goods trade-in scheme, a policy which has helped to fuel short-term boosts in consumption and contributed to the achievement of nationwide targets for economic growth. On Tuesday, the National Development and Reform Commission (NDRC) – the country's top economic planner – announced with the Ministry of Finance that 62.5 billion yuan (US$8.93 billion) in ultra-long-term special bonds would be fast-tracked to local governments... https://www.scmp.com/economy/policy/article/3338298/china-rolls-out-trade-funding-2026-campaign-spur-spending-continues?utm_source=rss_feed https://www.scmp.com/economy/policy/article/3338298/china-rolls-out-trade-funding-2026-campaign-spur-spending-continues?utm_source=rss_feed Wed, 31 Dec 2025 09:00:09 +0000