https://www.scmp.com/rss/326745/feed Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Dewey Sim Dewey Sim The United States on Friday announced fresh sanctions on entities and individuals it said were involved in trading Iranian petroleum, including a China-based oil terminal operator and a Chinese national, as it ramped up pressure on Tehran to end the conflict. The State Department said the operator, Qingdao Haiye Oil Terminal Co., Ltd, “imported tens of millions of barrels of sanctioned Iranian crude oil”. Also on the sanctions list are Li Xinchun, a Chinese national who is the president of a... https://www.scmp.com/news/china/money-wealth/article/3352195/us-sanctions-china-based-operator-others-over-alleged-iran-oil-trade-links?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/3352195/us-sanctions-china-based-operator-others-over-alleged-iran-oil-trade-links?utm_source=rss_feed Fri, 01 May 2026 19:08:21 +0000 SCMP SCMP We have selected six of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Chile exposes smuggling ring that shipped US$917m in stolen copper to China Chinese buyers were the end destination of a five-year smuggling pipeline that drained an estimated US$917 million worth of stolen copper from Chile, authorities said in April after police dismantled the network... https://www.scmp.com/news/china/diplomacy/article/3351914/beijing-backs-cuba-brazil-slams-byd-slave-labour-conditions-latin-america-relations-reads?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351914/beijing-backs-cuba-brazil-slams-byd-slave-labour-conditions-latin-america-relations-reads?utm_source=rss_feed Fri, 01 May 2026 15:00:09 +0000 Dewey Sim Dewey Sim China has built a state-driven campaign to harvest American data and weaponise it as a strategic asset that could prove critical in a conflict with the US, including over Taiwan, a key advisory committee to the US Congress heard. Experts told the US-China Economic and Security Review Commission on Thursday that Washington was falling short in countering Beijing’s data-collection drive, one that could have far-reaching implications for American society and the economy, as well as US wartime... https://www.scmp.com/news/china/diplomacy/article/3352089/apps-autos-chinas-data-reach-sparks-us-espionage-and-sabotage-concerns?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352089/apps-autos-chinas-data-reach-sparks-us-espionage-and-sabotage-concerns?utm_source=rss_feed Thu, 30 Apr 2026 22:05:19 +0000 Yuanyue Dang,Holly Chik,Fan Chen Yuanyue Dang,Holly Chik,Fan Chen Senior officials from China and the United States have been “testing the waters” ahead of US President Donald Trump’s coming visit to China by outlining some of their main concerns. Meanwhile, new areas of concern emerged on Friday as the Chinese Ministry of Commerce warned that the United States was threatening the “hard-won stability” in their trade relations after the national telecoms agency effectively banned smartphones tested in Chinese laboratories from the American market. Chinese... https://www.scmp.com/news/china/article/3352074/china-voices-serious-concern-over-us-curbs-talks-bessent-greer?utm_source=rss_feed https://www.scmp.com/news/china/article/3352074/china-voices-serious-concern-over-us-curbs-talks-bessent-greer?utm_source=rss_feed Thu, 30 Apr 2026 14:25:17 +0000 Karen Tian Karen Tian Chinese investment in the US is unlikely to recover meaningfully from its mid-2010s collapse even if President Xi Jinping and US President Donald Trump reach a bilateral deal when they meet in Beijing next month, according to a report released on Thursday. Rhodium Group, an American research firm that tracks China’s cross-border investment, said Chinese foreign direct investment (FDI) in the United States had “fallen significantly from its 2016 peak, and remained at low levels for the past five... https://www.scmp.com/economy/china-economy/article/3352026/xi-trump-summit-unlikely-revive-chinese-investment-us-report-warns?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3352026/xi-trump-summit-unlikely-revive-chinese-investment-us-report-warns?utm_source=rss_feed Thu, 30 Apr 2026 13:00:09 +0000 Mark Magnier Mark Magnier The United Nations is bloated, costly, badly in need of reform, and too often works against US interests, but pulling out of the international organisation would see China expand its influence and leave Washington at a major disadvantage, according to testimony before a House oversight committee on Wednesday. The hearing came as the administration of US President Donald Trump has imposed an “America first” overhaul of international funding, leaving the UN, over the past 18 months, at what... https://www.scmp.com/news/us/diplomacy/article/3351920/un-bloated-costly-china-fears-should-keep-us-involved-house-committee-told?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3351920/un-bloated-costly-china-fears-should-keep-us-involved-house-committee-told?utm_source=rss_feed Wed, 29 Apr 2026 22:39:41 +0000 Ralph Jennings Ralph Jennings The United States is stepping up pressure on China across multiple strategic fronts, in moves analysts say could strengthen US President Donald Trump’s hand ahead of his planned high-stakes mid-May meeting with President Xi Jinping. But they cautioned that Beijing was likely to remain unfazed because it had already adapted to earlier curbs by reducing its reliance on the American market. US lawmakers in the House Foreign Affairs Committee have advanced 20 new export control measures this month... https://www.scmp.com/economy/global-economy/article/3351891/chips-oil-and-iran-why-us-raising-pressure-china-xi-trump-talks?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3351891/chips-oil-and-iran-why-us-raising-pressure-china-xi-trump-talks?utm_source=rss_feed Wed, 29 Apr 2026 15:00:10 +0000 Chao Kong Chao Kong A press photo of a US protective agent responding to a gunman breaching security during last weekend’s White House Correspondents’ Association dinner has ignited debate within America’s firearms community. The controversy centres not on the agent’s actions, but on what appeared to be a Chinese-made Holosun red dot sight mounted on her Glock pistol. The image, which spread rapidly across firearms forums after being shared on social media, shows a plain-clothes agent with her weapon drawn as US... https://www.scmp.com/news/china/science/article/3351850/are-us-agents-around-trump-armed-chinese-red-dot-sights?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3351850/are-us-agents-around-trump-armed-chinese-red-dot-sights?utm_source=rss_feed Wed, 29 Apr 2026 14:00:09 +0000 Carol Yang Carol Yang China is flexing its dominance over the global supply chain – claiming the world’s largest reserves of 14 essential minerals, including rare earths and graphite – while preparing to ramp up exploration through the end of the decade. The Ministry of Natural Resources disclosed the information at a monthly media briefing on Wednesday, vowing that China would continue accelerating its search for minerals during the 15th five-year plan period spanning 2026 to 2030. The message underscores Beijing’s... https://www.scmp.com/economy/china-economy/article/3351864/trumps-visit-china-touts-mineral-dominance-fortifies-resource-security?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351864/trumps-visit-china-touts-mineral-dominance-fortifies-resource-security?utm_source=rss_feed Wed, 29 Apr 2026 11:00:09 +0000 Frank Chen Frank Chen The economic divide between the United States and China is projected to widen to US$11 trillion by the end of the decade, yet escalating geopolitics – specifically the war in Iran and the ongoing Strait of Hormuz crisis – could inadvertently act as a stabilising force for bilateral ties, according to a prominent global strategist. Kishore Mahbubani, former president of the UN Security Council and once a top diplomat from Singapore, has forecast that the gross-domestic-product disparity between... https://www.scmp.com/economy/global-economy/article/3351732/us-economic-gap-over-china-widen-iran-might-bring-them-closer-former-un-official?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3351732/us-economic-gap-over-china-widen-iran-might-bring-them-closer-former-un-official?utm_source=rss_feed Wed, 29 Apr 2026 01:00:18 +0000 Lucy Quaggin Lucy Quaggin Over 70 Democrats on Tuesday urged US President Donald Trump to keep Chinese carmakers out of America, warning of “irreversible” consequences, just weeks ahead of his high-stakes trip to Beijing to meet with China’s President Xi Jinping. “We must not cede the American auto industry to a strategic competitor intent on global dominance,” a letter, signed by 73 House Democrats led by US Representative Debbie Dingell, said. “The consequences for American workers, our supply chains, our national... https://www.scmp.com/news/china/diplomacy/article/3351765/democrats-urge-trump-keep-ban-chinese-cars-us-xi-meeting-looms?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351765/democrats-urge-trump-keep-ban-chinese-cars-us-xi-meeting-looms?utm_source=rss_feed Tue, 28 Apr 2026 22:42:13 +0000 Mark Greeven Mark Greeven The US-Israel war on Iran is pushing up costs for factories around the world, including in China. However, it is also showing how much better positioned China is to weather the blow. As energy costs rise and supply chains come under strain, Chinese exporters are better placed than producers in Europe and Southeast Asia to withstand the shock, even as their own costs increase. China’s oil reserves and long-running investment in renewable energy offer a degree of insulation from the surge in... https://www.scmp.com/opinion/china-opinion/article/3351472/chinas-rivals-are-learning-wrong-lessons-about-its-resilience?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3351472/chinas-rivals-are-learning-wrong-lessons-about-its-resilience?utm_source=rss_feed Tue, 28 Apr 2026 08:30:09 +0000 Xiaofei Xu Xiaofei Xu China has cleared the way for a landmark visit by the Dutch trade minister – signalled by Beijing’s quiet removal of long-held sanctions on the official – at a time when their bilateral relations need some attention, according to people familiar with the matter. Beijing has agreed to host Sjoerd Sjoerdsma for a visit and has removed him from the sanction list, a source said, speaking on condition of anonymity because of the sensitivity of the issue. “No date is fixed yet [between Beijing and The... https://www.scmp.com/economy/global-economy/article/3351671/un-sanctioned-china-welcome-dutch-trade-minister-amid-nexperia-asml-discord?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3351671/un-sanctioned-china-welcome-dutch-trade-minister-amid-nexperia-asml-discord?utm_source=rss_feed Tue, 28 Apr 2026 06:57:56 +0000 Themis Qi Themis Qi China’s recycling platform Zhuanzhuan is preparing to expand into Europe and the US by the end of the year, betting that demand for second-hand goods will continue to rise amid economic uncertainty despite geopolitical tensions. Backed by tech giants Tencent Holdings and Xiaomi, the Beijing-based company plans to export its model – which combines advanced quality inspection technology with door-to-door services – to get a slice of overseas markets. A dedicated international website was expected... https://www.scmp.com/business/china-business/article/3351394/turning-cast-offs-cash-chinas-zhuanzhuan-looks-europe-and-us-growth?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351394/turning-cast-offs-cash-chinas-zhuanzhuan-looks-europe-and-us-growth?utm_source=rss_feed Mon, 27 Apr 2026 01:00:32 +0000 Ralph Jennings Ralph Jennings After an hour’s drive through the jungle of Borneo, you reach more jungle. Your rental van from the Balikpapan city airport shakes precariously, navigating a partial bridge washout. A roadside sign admonishes against poaching the endangered sun bears. By hour three you’ve arrived at Indonesia’s new capital, which is due to start taking over from gridlocked, polluted and seaward-sinking Jakarta in 2028. Welcome to Ibu Kota Nusantara, known locally as just Nusantara or IKN. Eventually, if all goes... https://www.scmp.com/economy/china-economy/article/3350981/muddy-yet-clear-cut-how-chinese-investors-are-turning-jungle-indonesias-new-capital?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350981/muddy-yet-clear-cut-how-chinese-investors-are-turning-jungle-indonesias-new-capital?utm_source=rss_feed Sun, 26 Apr 2026 01:00:13 +0000 Xinyi Wu Xinyi Wu As one of the world’s largest automotive glass producers, and the subject of an Oscar-winning documentary, Fuyao Glass is a familiar name in the United States. Now, its founder has warned he is prepared to shut down his American plants if trade friction and tariffs cause severe losses. Responding to questions regarding geopolitical risks at the company’s annual general meeting, Cao Dewang said that the company would not engage in loss-making ventures. “How much in duties you want to impose is... https://www.scmp.com/economy/china-economy/article/3351347/billionaire-behind-american-factory-firm-warns-us-exit-amid-trade-friction-china?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351347/billionaire-behind-american-factory-firm-warns-us-exit-amid-trade-friction-china?utm_source=rss_feed Sat, 25 Apr 2026 13:00:09 +0000 Iris Deng,Coco Feng Iris Deng,Coco Feng In the southern tech hub of Shenzhen, a simmering rivalry between DJI and Insta360 has transformed their shared neighbourhood into a high-stakes corporate battleground. Both companies have long been hailed as the city’s poster children for Chinese innovation. DJI dominated the skies as the world’s undisputed leader in consumer drones, and Insta360 captured the niche market of panoramic cameras. Now they find themselves locked in a crosstown struggle for market supremacy that some say could... https://www.scmp.com/tech/big-tech/article/3351291/dji-duels-insta360-china-sharpens-global-hardware-edge-amid-us-scrutiny?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351291/dji-duels-insta360-china-sharpens-global-hardware-edge-amid-us-scrutiny?utm_source=rss_feed Fri, 24 Apr 2026 22:00:11 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow Senator Steve Daines will lead a bipartisan US Congressional delegation to China next week, just ahead of a visit by President Donald Trump. The five-member group will arrive on May 1 and visit Beijing and Shanghai, the South China Morning Post reported, citing unidentified people familiar with the matter. The delegation will include first-time visitors to China, the report said, without elaboration. Daines, a Trump ally, said last month that he planned to take a group to China to explore the... https://www.scmp.com/plus/news/china/diplomacy/article/3351305/trump-ally-visits-china-deepseek-releases-v4-ev-earnings?utm_source=rss_feed https://www.scmp.com/plus/news/china/diplomacy/article/3351305/trump-ally-visits-china-deepseek-releases-v4-ev-earnings?utm_source=rss_feed Fri, 24 Apr 2026 09:05:56 +0000 Khushboo Razdan Khushboo Razdan US President Donald Trump’s close ally, Senator Steve Daines, will lead a bipartisan delegation to China next week, according to sources, even as Washington steps up pressure on Beijing over trade, technological competition, and its ties to Iran, ahead of a closely watched leaders’ summit on May 14-15. According to people familiar who requested anonymity, the five-member delegation led by Daines, a Republican from Montana, will begin its visit on May 1, with stops in Shanghai and Beijing. The... https://www.scmp.com/news/china/diplomacy/article/3351219/trump-ally-visit-china-us-turns-pressure-may-summit?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351219/trump-ally-visit-china-us-turns-pressure-may-summit?utm_source=rss_feed Thu, 23 Apr 2026 22:18:18 +0000 Alyssa Chen Alyssa Chen As key allies turn away and war costs soar, the US military campaign against Iran is spurring a growing consensus among Chinese observers and state media – that Washington’s unrivalled global dominance is crumbling. Communist Party mouthpiece People’s Daily issued a sharp critique on Thursday, warning that the United States’ shift from an “international rule-builder” to a “predatory hegemon” would ultimately undermine its prosperity and influence. “In the post-Cold War era, while the... https://www.scmp.com/news/china/diplomacy/article/3351155/why-iran-war-surest-sign-us-decline?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351155/why-iran-war-surest-sign-us-decline?utm_source=rss_feed Thu, 23 Apr 2026 15:00:09 +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 Lucy Quaggin Lucy Quaggin The US visa system rolls out the “red carpet” for spies and aids China’s alleged efforts to steal American innovation, senators charged at a congressional hearing on Wednesday, as Washington and Beijing intensify competition for dominance in artificial intelligence and advanced technologies. Through its permissive legal channels, the US is “inviting, welcoming, come on in with the red carpet rolled out” people who steal military and commercial secrets, Republican Senator Ashley Moody of Florida... https://www.scmp.com/news/china/diplomacy/article/3351062/us-visa-system-rolls-out-red-carpet-chinese-spies-congressional-hearing-told?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351062/us-visa-system-rolls-out-red-carpet-chinese-spies-congressional-hearing-told?utm_source=rss_feed Wed, 22 Apr 2026 22:37:28 +0000 Khushboo Razdan Khushboo Razdan US Commerce Secretary Howard Lutnick sought to quell fears in Senate testimony on Wednesday that American technology was aiding China’s military, but drew scepticism given the US president’s willingness to sell advanced semiconductors. Lutnick asserted before the powerful Senate Appropriations Committee that US President Donald Trump was striking a “delicate balance” on the technology transfer issue given his cordial personal relationship with Chinese leader Xi Jinping, claiming that China had... https://www.scmp.com/news/us/science-technology/article/3351059/china-bought-zero-h200-chips-today-says-lutnick-he-cites-delicate-balance-xi?utm_source=rss_feed https://www.scmp.com/news/us/science-technology/article/3351059/china-bought-zero-h200-chips-today-says-lutnick-he-cites-delicate-balance-xi?utm_source=rss_feed Wed, 22 Apr 2026 21:46:17 +0000 Laura Zhou Laura Zhou The on-again, off-again US-Iran peace talks are casting doubt on whether Donald Trump will make his planned visit to Beijing in a few weeks, though the war could raise the diplomatic stakes of the trip if it does go ahead, Chinese observers say. Hours before a two-week ceasefire was set to end, the US president announced on Tuesday that he was prolonging the fragile truce with Iran. That came after Vice-President J.D. Vance’s trip to Pakistan for a second round of peace negotiations was first... https://www.scmp.com/news/china/diplomacy/article/3351041/iran-talks-go-nowhere-will-donald-trump-still-go-beijing?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351041/iran-talks-go-nowhere-will-donald-trump-still-go-beijing?utm_source=rss_feed Wed, 22 Apr 2026 15:00:13 +0000 Sylvia Ma Sylvia Ma The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical... https://www.scmp.com/economy/china-economy/article/3350885/economist-justin-lin-urges-west-adopt-eastern-wisdom-china-moves-value-chain?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350885/economist-justin-lin-urges-west-adopt-eastern-wisdom-china-moves-value-chain?utm_source=rss_feed Tue, 21 Apr 2026 13:00:12 +0000 Ann Cao,Xinmei Shen Ann Cao,Xinmei Shen Say “open source” and “China” and most people will think of its world-conquering artificial intelligence (AI) large language models. Its open-source computer chips are just as significant. These chips are based on the RISC-V architecture (pronounced risk-five). At last month’s Zhongguancun Forum science festival in Beijing, experts celebrated the establishment in China of a complete RISC-V ecosystem. Chinese Academy of Sciences (CAS) researchers recently unveiled their latest Xiangshan processor... https://www.scmp.com/plus/news/china/science/article/3350802/china-bets-risc-v-global-ai-race?utm_source=rss_feed https://www.scmp.com/plus/news/china/science/article/3350802/china-bets-risc-v-global-ai-race?utm_source=rss_feed Tue, 21 Apr 2026 02:44:47 +0000 Frank Chen Frank Chen China’s top civilian aircraft manufacturer is reassessing geopolitical risks to its supply chains – particularly for jet engines sourced from foreign firms – according to a source at the planemaker, as deliveries of its flagship C919 passenger jet appear to be late or delayed this year. The Shanghai-based Commercial Aircraft Corporation of China (Comac) is facing external and internal constraints, including reliance on foreign suppliers for critical components and persistent manpower shortages,... https://www.scmp.com/economy/china-economy/article/3350754/maker-chinas-c919-jet-weighs-supply-chain-weaknesses-amid-delivery-delays?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350754/maker-chinas-c919-jet-weighs-supply-chain-weaknesses-amid-delivery-delays?utm_source=rss_feed Tue, 21 Apr 2026 01:30:16 +0000 Khushboo Razdan Khushboo Razdan For Tim Avanzato and the team at Lanca Sales, Monday marked the start of a high-stakes digital scramble to recover tariffs paid after US President Donald Trump imposed steep duties on almost all imports, including from China, last year. While the New Jersey-based company that imports and exports food packaging has become accustomed to operating under tariffs and adjusting its business around them, Avanzato, who handles global trade and logistics at the firm, said the refund process has... https://www.scmp.com/news/us/diplomacy/article/3350794/us-firms-dash-recover-tariffs-paid-chinese-imports-refund-system-launches?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3350794/us-firms-dash-recover-tariffs-paid-chinese-imports-refund-system-launches?utm_source=rss_feed Mon, 20 Apr 2026 22:11:14 +0000 Yuanyue Dang Yuanyue Dang China “has to be involved” in nuclear arms control talks, while the US must step up its nuclear modernisation, including deploying more bombers, a senator responsible for overseeing American strategic forces said on Monday. “We need to be able to have a verifiable [treaty] and ensure accountability under treaties, and have them enforced with Russia and with China,” said Deb Fischer, a Nebraska Republican and chair of the Senate Armed Services Committee’s strategic forces subcommittee. The US has... https://www.scmp.com/news/china/military/article/3350791/china-has-be-involved-any-nuclear-arms-control-talks-us-senator-urges?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3350791/china-has-be-involved-any-nuclear-arms-control-talks-us-senator-urges?utm_source=rss_feed Mon, 20 Apr 2026 20:55:13 +0000 Ralph Jennings Ralph Jennings China’s central bank chief has urged the IMF to serve as a bulwark against “rising unilateralism”, at a time when escalating trade restrictions and an intensified Middle East conflict threaten energy and food security. The International Monetary Fund should “take a clear stand against protectionism and defend multilateralism”, People’s Bank of China governor Pan Gongsheng said in a statement to the fund’s International Monetary and Financial Committee, for its 53rd meeting, held on Thursday and... https://www.scmp.com/economy/global-economy/article/3350718/china-presses-imf-quota-reform-better-surveillance-advanced-economies?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350718/china-presses-imf-quota-reform-better-surveillance-advanced-economies?utm_source=rss_feed Mon, 20 Apr 2026 09:05:04 +0000 Ralph Jennings Ralph Jennings Asia-Pacific economies are likely to suffer a slowdown in growth this year, as rising costs linked to the US-Israel war on Iran combine with lingering trade uncertainty to threaten global trade flows, according to forecasts by top international organisations. The predictions come despite China showing resilience in the first quarter by posting better-than-expected growth of 5 per cent and finance minister Lan Foan last week stressing that the world’s second-largest economy would remain an engine... https://www.scmp.com/economy/china-economy/article/3350676/asia-growth-forecasts-slashed-iran-war-and-tariffs-threaten-supply-chains?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350676/asia-growth-forecasts-slashed-iran-war-and-tariffs-threaten-supply-chains?utm_source=rss_feed Mon, 20 Apr 2026 05:00:10 +0000 Biman Mukherji Biman Mukherji The global balance of power has tilted to major emerging economies such as China and India as US hegemony is increasingly undermined – much of it by its own actions, Russia’s Foreign Minister Sergey Lavrov said. In his speech on Saturday at the fifth Antalya Diplomacy Forum in Turkey, Lavrov argued that the foundations of globalisation powered primarily by America had “come to an end”. He added that the trend had been under way during former US president Joe Biden’s administration, and that... https://www.scmp.com/week-asia/politics/article/3350598/russias-lavrov-says-balance-power-shifting-emerging-economies?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3350598/russias-lavrov-says-balance-power-shifting-emerging-economies?utm_source=rss_feed Sat, 18 Apr 2026 15:42:35 +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 Iris Deng Iris Deng For pet food container seller Chen Junbin, customs used to be a major bottleneck when shipping from Shenzhen in southern China to his customers in the US. “In the past, we had to handle all the paperwork and coordinate with multiple logistics suppliers ourselves; a single [customs] inspection could delay our shipment by a week,” said Chen, founder of Shenzhen Lightning Technology. As one of the first sellers to test Amazon’s Global Warehousing and Distribution (GWD) facility, the US giant’s new... https://www.scmp.com/tech/tech-trends/article/3350409/how-amazon-uses-closer-china-supply-ties-counter-tariffs-shein-and-temu?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350409/how-amazon-uses-closer-china-supply-ties-counter-tariffs-shein-and-temu?utm_source=rss_feed Fri, 17 Apr 2026 11:00:09 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow The China-US trade war bubbled away this week, even as the Strait of Hormuz shutdown dominated global headlines. The US is finalising a multinational agreement on trade and critical minerals to break China’s grip on vital resources, US Trade Representative Jamieson Greer told lawmakers on Thursday. He also sought a higher budget to support more trade investigations, and suggested potential action to pare US farmers’ reliance on Chinese orders. “We’re not just going to lay down and let the... https://www.scmp.com/plus/news/china/diplomacy/article/3350432/us-china-tensions-simmer-economy-outperforms-auto-china-begins?utm_source=rss_feed https://www.scmp.com/plus/news/china/diplomacy/article/3350432/us-china-tensions-simmer-economy-outperforms-auto-china-begins?utm_source=rss_feed Fri, 17 Apr 2026 09:00:12 +0000 Mark Magnier Mark Magnier China has crafted markets, mechanisms and incentives as the world’s largest buyer of commodities in a bid to free itself from its dependence on the US dollar, but the biggest threat to Washington’s global dollar dominance may well be Washington itself, witnesses said in testimony on Thursday before a key advisory committee to the US Congress. Economic sanctions and access to US-led global banking systems are a powerful US tool that can be used to great effect, said experts before the US-China... https://www.scmp.com/news/us/economy-trade-business/article/3350382/why-biggest-threat-us-global-dollar-dominance-may-well-be-washington-itself?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3350382/why-biggest-threat-us-global-dollar-dominance-may-well-be-washington-itself?utm_source=rss_feed Thu, 16 Apr 2026 23:42:50 +0000 Lucy Quaggin Lucy Quaggin At a congressional hearing on Capitol Hill on Thursday, lawmakers and experts accused China of buying “what they can” and stealing “what they cannot” in the global artificial intelligence (AI) race, while warning the United States’ immigration and research policies could be hindering innovation necessary to stay ahead. “The pattern is clear. China is dependent on our tech stack to continue their AI development. China is willing to buy what they can, and steal what they cannot, to advance their... https://www.scmp.com/news/china/diplomacy/article/3350380/china-willing-buy-or-steal-us-tech-get-ahead-ai-race-congress-told?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350380/china-willing-buy-or-steal-us-tech-get-ahead-ai-race-congress-told?utm_source=rss_feed Thu, 16 Apr 2026 22:26:36 +0000 Khushboo Razdan Khushboo Razdan In a defiant display of “America first” brinkmanship, Washington’s top trade negotiator on Thursday sought additional funding to support US President Donald Trump’s new trade wars, insisting the administration will not be held hostage by Beijing’s retaliatory tactics ahead of a high-stakes leaders’ summit next month. With Trump set to meet Chinese leader Xi Jinping on May 14-15, US Trade Representative Jamieson Greer used the agency’s budget hearing to draw a hard line: the US is doubling down... https://www.scmp.com/news/us/article/3350377/greer-pushes-funds-escalate-trumps-trade-fight-china?utm_source=rss_feed https://www.scmp.com/news/us/article/3350377/greer-pushes-funds-escalate-trumps-trade-fight-china?utm_source=rss_feed Thu, 16 Apr 2026 21:28:58 +0000 Kandy Wong Kandy Wong Trade tensions between the US and China have made companies around the world less keen to invest in either country, with the United States almost twice as unpopular, according to a new report from Allianz Trade. The report, based on an annual survey by the Paris-based international insurance company, said US-China decoupling had not materialised, but investment intention towards China had dropped “significantly” to 24 per cent of survey respondents, down from 53 per cent a year ago. The survey... https://www.scmp.com/economy/china-economy/article/3350343/trade-tensions-make-rest-world-less-keen-invest-us-and-china-survey-finds?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350343/trade-tensions-make-rest-world-less-keen-invest-us-and-china-survey-finds?utm_source=rss_feed Thu, 16 Apr 2026 13:00:11 +0000 Mark Magnier Mark Magnier Washington’s senior envoys to the United Nations took a victory lap in Senate testimony on Wednesday over the US-inspired cuts and efficiency drive at the multilateral agency, even as they slammed its inability to end the conflict in Ukraine, stem the Iran war started by the US and Israel or curb China’s growing clout. Mike Waltz, US ambassador to the UN, touted the US$570 million in UN budget cuts, 3,000 fewer jobs and the US decision to pull out of several UN agencies, even as he defended US... https://www.scmp.com/news/us/diplomacy/article/3350229/us-envoy-waltz-touts-america-first-policy-budget-cuts-senate-swipe-un?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3350229/us-envoy-waltz-touts-america-first-policy-budget-cuts-senate-swipe-un?utm_source=rss_feed Wed, 15 Apr 2026 21:29:48 +0000 Kandy Wong Kandy Wong A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”... https://www.scmp.com/economy/global-economy/article/3350169/yellen-says-no-alternative-dollar-urges-us-china-cooperation-sake-world?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3350169/yellen-says-no-alternative-dollar-urges-us-china-cooperation-sake-world?utm_source=rss_feed Wed, 15 Apr 2026 15:00:09 +0000 Igor Patrick Igor Patrick Brazil will require foreign partners to process rare earth minerals domestically as a condition for access to its reserves, a senior government official said this week, setting terms that could reshape how Chinese and Western firms compete for resources the country has long exported raw. “Our doors of Brazil to foreign investment are open, but our position has matured,” Leonardo Durans, a senior official at Brazil’s industry ministry, said at a press conference with international media on... https://www.scmp.com/news/china/article/3350094/brazil-demands-rare-earths-be-processed-home-us-and-china-compete?utm_source=rss_feed https://www.scmp.com/news/china/article/3350094/brazil-demands-rare-earths-be-processed-home-us-and-china-compete?utm_source=rss_feed Tue, 14 Apr 2026 17:37:42 +0000 Mark Magnier,Khushboo Razdan,William Zheng,Dewey Sim Mark Magnier,Khushboo Razdan,William Zheng,Dewey Sim As US President Donald Trump and Chinese leader Xi Jinping prepare to sit down in the coming weeks, negotiations on deliverables and scheduling have accelerated, including a possible visit to Beijing’s Temple of Heaven and a military parade, according to several people familiar with the planning process. The lead-up for such a consequential summit has been compressed and rather disjointed given the Middle East war and Trump’s preference for making last-minute decisions based on his “gut”. “This... https://www.scmp.com/news/china/article/3350079/trump-xi-summit-shaped-uncertainty-not-strategy-experts?utm_source=rss_feed https://www.scmp.com/news/china/article/3350079/trump-xi-summit-shaped-uncertainty-not-strategy-experts?utm_source=rss_feed Tue, 14 Apr 2026 16:00:13 +0000 Shi Jiangtao Shi Jiangtao Chinese President Xi Jinping ‌called for a more robust, resilient and dynamic ‌strategic partnership with the United Arab Emirates on Tuesday, as Beijing intensified what observers have described as its “quiet but pragmatic” diplomacy during the Iran crisis. In a meeting with Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the crown prince of Abu ‌Dhabi, Xi unveiled a four-point proposal to safeguard Middle East stability, stressing the importance of national sovereignty, the international rule... https://www.scmp.com/news/china/diplomacy/article/3350081/xi-jinpings-meeting-abu-dhabi-crown-prince-highlights-gulf-turn-towards-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350081/xi-jinpings-meeting-abu-dhabi-crown-prince-highlights-gulf-turn-towards-china?utm_source=rss_feed Tue, 14 Apr 2026 14:00:09 +0000 Fan Hou,Haining Gao Fan Hou,Haining Gao China’s export growth slowed to 2.5 per cent in March, while imports rose 27.8 per cent, narrowing the monthly trade surplus to US$51 billion, the lowest in over a year. Sectors Chinese electric vehicles (EVs) are poised to fuel export growth this year as high petrol prices accelerate the shift away from internal combustion engines. In March, total motor vehicle exports jumped 44 per cent according to China Customs, while EV exports soared 140 per cent per the China Passenger Car... https://www.scmp.com/plus/economy/global-economy/article/3349996/chinas-march-trade?utm_source=rss_feed https://www.scmp.com/plus/economy/global-economy/article/3349996/chinas-march-trade?utm_source=rss_feed Tue, 14 Apr 2026 07:34:13 +0000 Xinyi Wu Xinyi Wu A leading European business association in China has urged Brussels to avoid becoming a “passive recipient” of US-China trade negotiations, as European firms scramble to navigate Beijing’s export controls. In a report released on Tuesday, the European Union Chamber of Commerce in China asserted that the EU must take the lead in discussions affecting its interests, while urging Beijing to avoid a one-size-fits-all approach to export controls. “We’re in a situation where Europe simply cannot... https://www.scmp.com/economy/global-economy/article/3349937/brussels-must-resist-passive-role-us-china-trade-war-eu-chamber-urges?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349937/brussels-must-resist-passive-role-us-china-trade-war-eu-chamber-urges?utm_source=rss_feed Tue, 14 Apr 2026 01:30:14 +0000 Fan Chen Fan Chen Donald Trump’s threat to blockade the Strait of Hormuz “forces Beijing into a political dilemma” and could potentially derail the US president’s coming summit with Chinese counterpart Xi Jinping, analysts said. After talks in Pakistan between the US and Iran ended without a deal on Sunday, Trump said in a social media post that the US would seal off the strategically vital chokepoint. In a narrower order issued later, the US military said American forces would blockade only “maritime traffic... https://www.scmp.com/news/china/diplomacy/article/3349942/could-trumps-hormuz-blockade-derail-china-summit-xi-jinping?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349942/could-trumps-hormuz-blockade-derail-china-summit-xi-jinping?utm_source=rss_feed Mon, 13 Apr 2026 14:15:52 +0000 Khushboo Razdan Khushboo Razdan US President Donald Trump’s tariffs returned to court on Friday, as a three-judge Court of International Trade panel in New York sharply questioned both sides while weighing the legality of a new set of tariffs he imposed in February, shortly after a Supreme Court ruling declared most of his sweeping levies unlawful. While the judges offered few clues on how they might rule on the Section 122 tariffs, the court has previously rejected business challenges seeking to invalidate Section 301 tariffs... https://www.scmp.com/news/us/economy-trade-business/article/3349717/trumps-tariff-powers-tested-again-judges-question-deficit-justification?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3349717/trumps-tariff-powers-tested-again-judges-question-deficit-justification?utm_source=rss_feed Fri, 10 Apr 2026 21:43:51 +0000 Khushboo Razdan Khushboo Razdan Jeff Winton, a dairy farmer in upstate New York who grows much of the feed for his own cattle, stopped planting corn in 2022 when fertiliser prices spiked. “We just couldn’t afford the input costs,” he recalled. The surge began after Russia’s invasion of Ukraine disrupted exports of nitrogen, urea and other key fertiliser nutrients, with Russia, alongside its ally Belarus, among the world’s leading suppliers. As the war in Ukraine entered its fourth year, a separate conflict involving the US,... https://www.scmp.com/news/china/article/3349712/high-fertiliser-prices-mean-more-soybeans-farmers-and-greater-reliance-china?utm_source=rss_feed https://www.scmp.com/news/china/article/3349712/high-fertiliser-prices-mean-more-soybeans-farmers-and-greater-reliance-china?utm_source=rss_feed Fri, 10 Apr 2026 19:11:24 +0000 Peter T. C. Chang Peter T. C. Chang With the coming summit between Chinese President Xi Jinping and US President Donald Trump back on schedule for May, the two leaders present two starkly different paths for the world: one defined by a “community with a shared future” and the other driven by unpredictable impulses of rivalry and division. While Trump postponed the April summit to engage Xi without the distractions of the war he launched on Iran, a swift resolution before their meeting does not seem likely – despite the newly... https://www.scmp.com/opinion/china-opinion/article/3349273/can-community-shared-future-prevail-over-zero-sum-rivalry?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3349273/can-community-shared-future-prevail-over-zero-sum-rivalry?utm_source=rss_feed Fri, 10 Apr 2026 01:30:10 +0000