https://www.scmp.com/rss/328545/feed Launched by Premier Li Keqiang in 2015, the “Made in China 2025" strategy aims to guide the country’s industrial modernisation, including the substitution of foreign technology with innovation developed on the mainland. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Kandy Wong Kandy Wong China is expected to solidify its position as a hi-tech manufacturing powerhouse over the next decade as it edges closer to “innovation and excellence” alongside the United States, Germany and Japan, according to new reports issued by Chinese institutions. The documents, published on Tuesday, stated that China had achieved its “strategic goal” of becoming the world’s fourth-most-advanced “manufacturing power” in 2024, adding that the sector would play a central role in “real” economic... https://www.scmp.com/economy/china-economy/article/3338302/chinas-next-decade-cement-status-hi-tech-manufacturing-powerhouse-reports?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3338302/chinas-next-decade-cement-status-hi-tech-manufacturing-powerhouse-reports?utm_source=rss_feed Thu, 01 Jan 2026 00:00:15 +0000 Andrew Sheng Andrew Sheng In 2004, Joshua Cooper Ramo, now co-CEO of Kissinger Associates, coined the term “Beijing Consensus” as an alternative to the Washington Consensus, the neoliberal framework of economic policies devised in the 1980s by the International Monetary Fund, World Bank and US Treasury. China had just joined the World Trade Organization and, within the country, there was considerable scepticism that a Beijing Consensus existed. Come 2007, and as the global financial crisis broke out – first with the US... https://www.scmp.com/opinion/china-opinion/article/3333564/rise-beijing-led-global-south-consensus?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3333564/rise-beijing-led-global-south-consensus?utm_source=rss_feed Fri, 21 Nov 2025 21:30:08 +0000 Richard Heydarian Richard Heydarian “We do not need to chase [after other countries], we are the road,” said President Xi Jinping after inaugurating a major scientific project in Sanya, Hainan province, in 2018. Xi urged scientists to push the boundaries of technological development. Xi’s bold statement not only reflected his boundless confidence in China’s scientific community but also the wisdom of the “Made in China 2025” national economic strategy, which has produced nothing less than a technological renaissance. Thanks to a... https://www.scmp.com/opinion/china-opinion/article/3330495/chinas-development-model-reverberating-around-world?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3330495/chinas-development-model-reverberating-around-world?utm_source=rss_feed Tue, 28 Oct 2025 12:30:08 +0000 Bosco Hung,Nachiket Midha Bosco Hung,Nachiket Midha Since the launch of the Made in China 2025 plan a decade ago to foster industrial upgrading, it has been widely depicted in the West as a state-led market distortion and doomed to fail. Yet the outcome is far from failure. State-led efforts under the 10-year plan have provided a solid foundation for advancements, especially in the information technology realm. While exogenous shocks have caused significant disruptions, the plan has fostered self-sufficiency and contributed to China’s long-term... https://www.scmp.com/opinion/china-opinion/article/3324068/chinas-10-year-industrial-plan-paving-way-tech-greatness?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3324068/chinas-10-year-industrial-plan-paving-way-tech-greatness?utm_source=rss_feed Thu, 04 Sep 2025 01:30:09 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen Chinese chipmakers are trying to catch up with Nvidia in the market for artificial intelligence (AI) processors, spurred by government efforts to achieve technological self-sufficiency and US trade embargoes that prevent China from buying advanced chips. Telecommunications giant Huawei Technologies, Cambricon Technologies and Enflame Technology are among companies at the forefront of the Chinese chip push. Local internet giants Baidu, Tencent and South China Morning Post owner Alibaba have also... https://www.scmp.com/plus/article/3323164/china-chipmakers-seek-loosen-nvidias-ai-stranglehold?utm_source=rss_feed https://www.scmp.com/plus/article/3323164/china-chipmakers-seek-loosen-nvidias-ai-stranglehold?utm_source=rss_feed Tue, 26 Aug 2025 07:40:38 +0000 Alice Li Alice Li Chinese Premier Li Qiang has called for stronger policy support for the biotech industry, as part of efforts to bolster innovation in a sector that has witnessed a boom in recent years. “The biopharmaceutical industry is both a strategic emerging sector and vital to public health,” he said during an inspection in Beijing on Wednesday, as reported by the state-run Xinhua News Agency. “Efforts should be made to strengthen original innovation, address core technological challenges and mobilise... https://www.scmp.com/economy/china-economy/article/3322656/china-vows-stronger-biotech-support-deals-global-pharmaceutical-giants-surge?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3322656/china-vows-stronger-biotech-support-deals-global-pharmaceutical-giants-surge?utm_source=rss_feed Thu, 21 Aug 2025 09:00:09 +0000 Alice Li Alice Li As the dust barely settles on “Made in China 2025”, Beijing is intensifying its quest for technological supremacy with a focus on “future industries” amid its escalating rivalry with the United States. Authorities are pushing boundaries in their pursuit of a new growth model centred on technological breakthroughs and industrial upgrades. What are “future industries”? First introduced by President Xi Jinping in 2020, the term refers to sectors with foundational technologies still in their infancy... https://www.scmp.com/economy/china-economy/article/3317889/what-are-chinas-future-industries-and-why-they-matter-global-tech-race?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3317889/what-are-chinas-future-industries-and-why-they-matter-global-tech-race?utm_source=rss_feed Sun, 13 Jul 2025 01:00:08 +0000 June Xia June Xia China has launched a fully seawater-based solar energy system – the first of its kind suitable for industrial use and large-scale power production – as part of broader efforts to expand renewables in coastal regions, boost the maritime economy and drive industrial innovation. Located in Qingdao, Shandong province, the floating solar station builds upon another offshore photovoltaic power generation project launched in late May. Together, they form the largest initiative of its kind by Sinopec,... https://www.scmp.com/economy/china-economy/article/3316987/solar-energy-milestone-china-taps-ocean-breakthrough-industry?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3316987/solar-energy-milestone-china-taps-ocean-breakthrough-industry?utm_source=rss_feed Sat, 05 Jul 2025 08:00:13 +0000 Alice Li Alice Li This is the second story in a three-part series exploring how China is betting on regional hubs to counter global trade risks and reshape its economy. In this piece, we focus on the Yangtze River Delta’s evolution into a hi-tech heartland central to China’s ambition for greater self-reliance. In Suzhou, eastern China’s Jiangsu province, the start-up Magic Lab specialises in full-sized humanoid robots designed to interact with people and work in factories – just one example of the Yangtze River... https://www.scmp.com/economy/china-economy/article/3315644/how-chinas-yangtze-river-delta-became-tech-powerhouse?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315644/how-chinas-yangtze-river-delta-became-tech-powerhouse?utm_source=rss_feed Tue, 24 Jun 2025 22:00:11 +0000 Hannah Wang Hannah Wang China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday. China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not... https://www.scmp.com/tech/policy/article/3314611/chinas-robotics-market-set-double-2024-2028-morgan-stanley?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3314611/chinas-robotics-market-set-double-2024-2028-morgan-stanley?utm_source=rss_feed Mon, 16 Jun 2025 11:00:15 +0000 Sylvia Ma,Leopold Chen Sylvia Ma,Leopold Chen Chinese firms tend to invest more efficiently when facing higher duties or import restrictions, according to a study that highlights an unexpected benefit of tariffs by analysing data from before the two trade wars with the United States. Published in the peer-reviewed Journal of Corporate Finance, the paper examined more than 2,700 listed firms in China, their financial and accounting data from 2003 to 2016, and the trade barriers imposed on the country during this period. The paper was... https://www.scmp.com/economy/china-economy/article/3312717/chinas-firms-invest-more-efficiently-when-facing-trade-shocks-researchers?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3312717/chinas-firms-invest-more-efficiently-when-facing-trade-shocks-researchers?utm_source=rss_feed Mon, 02 Jun 2025 07:00:17 +0000 Alice Li Alice Li China’s central government has directed state institutions and ministries to purchase more domestic electric vehicles (EVs), in the latest effort to promote environmentally friendly automobiles for official use. No specific target was mentioned, but Cui Dongshu, general secretary of the China Passenger Car Association, said the move showed the government’s backing for home-made EVs and that it could influence others to buy more of the vehicles. Still, Cui said the directive – published by state... https://www.scmp.com/economy/china-economy/article/3310926/china-directs-state-bodies-buy-more-home-made-evs-official-use?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3310926/china-directs-state-bodies-buy-more-home-made-evs-official-use?utm_source=rss_feed Mon, 19 May 2025 12:00:08 +0000 As China’s political elite gather for the country’s annual legislative sessions this week, we examine the broader forces likely to influence policies and decision-making for the coming year. The third part of the series delves into how much more investible the nation has become in a short span. As top lawmakers gather in Beijing to decide the policy direction during China’s annual parliamentary meetings this week, the world is keeping its eyes peeled for signs that leadership is doing what needs... https://www.scmp.com/economy/article/3300824/two-sessions-2025-can-china-boost-investment-narrative-ai-sweetens-economic-outlook?utm_source=rss_feed https://www.scmp.com/economy/article/3300824/two-sessions-2025-can-china-boost-investment-narrative-ai-sweetens-economic-outlook?utm_source=rss_feed Mon, 03 Mar 2025 22:00:12 +0000 Meredith Chen,Sylvie Zhuang,Enoch Wong Meredith Chen,Sylvie Zhuang,Enoch Wong As China’s political elite gather for the country’s annual legislative sessions this month, we examine the broader forces likely to influence policies for the coming year – and how decision-makers will respond to the unpredictable second term of US President Donald Trump. The second part of the series looks at the tech advancements it has made in the past five years. Months before China unveiled its national development strategy five years ago, the Washington-based magazine The Diplomat ran an... https://www.scmp.com/news/china/diplomacy/article/3300657/two-sessions-2025-china-can-look-back-5-years-gains-expense-us?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3300657/two-sessions-2025-china-can-look-back-5-years-gains-expense-us?utm_source=rss_feed Sat, 01 Mar 2025 22:00:23 +0000 Next week’s annual “two sessions”, or lianghui, will be closely watched as China’s political elites and lawmakers set the policy agenda for regaining economic growth and charting a course through the evolving trade war and hi-tech race with the US. Top political advisory body the Chinese People’s Political Consultative Conference meets from Tuesday, with the National People’s Congress, the country’s legislature, opening its session a day later. Proceedings are expected to last about a week. The... https://www.scmp.com/news/china/politics/article/3300324/what-expect-chinas-two-sessions-and-why-year-bit-different?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3300324/what-expect-chinas-two-sessions-and-why-year-bit-different?utm_source=rss_feed Thu, 27 Feb 2025 06:00:13 +0000 SCMP SCMP The live webinar, which was available for all readers, has ended. During the event, our speakers also took part in a Q&A session. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. The “Made in China 2025” plan has been controversial since the day Beijing made it public. Some pointed fingers at Beijing for employing unfair policies in growing China’s preferred industries, while others called the strategy a fool’s... https://www.scmp.com/tech/article/3298727/china-future-tech-webinar-beyond-2025-whats-next-china-tech?utm_source=rss_feed https://www.scmp.com/tech/article/3298727/china-future-tech-webinar-beyond-2025-whats-next-china-tech?utm_source=rss_feed Fri, 14 Feb 2025 09:16:04 +0000 China’s state-owned industrial giants have set up nearly 100 new research hubs as part of a government initiative launched in 2022 to drive technological breakthroughs in a slew of strategic fields. The huge state-directed effort is part of a broader push by Beijing to counter Washington’s attempts to contain China’s technological progress and revitalise the Chinese economy through game-changing innovations. The project – which is being led by China’s State-owned Assets Supervision and... https://www.scmp.com/economy/china-economy/article/3298538/how-china-betting-big-state-led-research-drive-tech-revolution?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3298538/how-china-betting-big-state-led-research-drive-tech-revolution?utm_source=rss_feed Thu, 13 Feb 2025 22:00:11 +0000 Beijing’s progress in implementing its “Made in China 2025” (MIC2025) strategy for industrial modernisation over the past decade is raising fresh alarms in Washington, with a congressional panel using it on Thursday to warn that the US is at risk of falling behind as China takes unexpected strides in the realms of artificial intelligence (AI) and humanoid robotics. In response, Washington should strive to boost tech ties with allies and ease visa rules for Chinese STEM talent, analysts urged on... https://www.scmp.com/economy/global-economy/article/3297808/made-china-2025-puts-us-risk-losing-next-industrial-revolution-panel-told?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3297808/made-china-2025-puts-us-risk-losing-next-industrial-revolution-panel-told?utm_source=rss_feed Fri, 07 Feb 2025 12:00:09 +0000 China’s ability to launch DeepSeek’s popular chatbot came under scrutiny before a US government advisory panel on Thursday, with one witness stressing the role that American technology played and another cautioning that the country’s ability to “iterate” other breakthroughs in the industry could overcome this factor. Testimony before the US-China Economic and Security Review Commission (USCC) also came with a warning about China’s ability to dominate the “potentially world-changing technology... https://www.scmp.com/news/china/article/3297698/chinas-ability-launch-deepseeks-popular-chatbot-draws-us-government-panels-scrutiny?utm_source=rss_feed https://www.scmp.com/news/china/article/3297698/chinas-ability-launch-deepseeks-popular-chatbot-draws-us-government-panels-scrutiny?utm_source=rss_feed Thu, 06 Feb 2025 23:40:15 +0000 The business model that underpinned Chinese economic growth for over two decades has collapsed in recent years, especially since the outbreak of the Covid-19 pandemic. Now, the combination of rising uncertainty and falling confidence is casting a dark shadow over the Chinese economy. The immediate reasons for the decline of China’s prevailing business model are external. In particular, geopolitical developments – mainly deepening trade frictions, especially with the United States – have rattled... https://www.scmp.com/opinion/china-opinion/article/3290201/how-chinas-fast-transforming-economy-can-avoid-painful-l-shaped-growth?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3290201/how-chinas-fast-transforming-economy-can-avoid-painful-l-shaped-growth?utm_source=rss_feed Wed, 11 Dec 2024 06:30:14 +0000 The US Commerce Department has revoked licences for the export of chips and related goods to China’s Huawei Technologies, the latest move aimed at limiting the technology company from using American chip-related parts in its products. The move was sparked by Huawei’s launch of its MateBook X Pro laptop powered by an AI chip, Intel’s Core Ultra 9 processor, which took US lawmakers by surprise, as they inferred that the Commerce Department must have approved shipments of the advanced processors,... https://www.scmp.com/plus/article/3261882/biden-administration-doubles-down-huawei-chip-limits?utm_source=rss_feed https://www.scmp.com/plus/article/3261882/biden-administration-doubles-down-huawei-chip-limits?utm_source=rss_feed Wed, 08 May 2024 09:41:44 +0000 In China’s annual parliamentary meetings, developing “new quality productive forces” topped the agenda. A twist on Marxist theorisation, new quality productive forces simply mean new drivers of economic – and defence – growth, powered by frontier technologies. Such new forces can span from infotech, biotech, artificial intelligence (AI), quantum computing, new energy and new materials, to deep space, deep ocean and deep mind. The strategy appears to have three objectives: foreign technology... https://www.scmp.com/comment/opinion/asia/article/3255248/why-chinas-plan-new-productive-forces-should-make-west-sit?utm_source=rss_feed https://www.scmp.com/comment/opinion/asia/article/3255248/why-chinas-plan-new-productive-forces-should-make-west-sit?utm_source=rss_feed Sat, 16 Mar 2024 01:30:10 +0000 The United States Chamber of Commerce has voiced apprehensions about potential overcapacity in a variety of Chinese industries linked to the nation’s ambitious “Made in China 2025” plan after a delegation visited Beijing this week. The chamber is the largest American business lobbying group and the delegation, led by its chief executive, Suzanne Clark, aimed to address the complicated trade dynamics and challenges between the two nations as their economic relations come under increasing... https://www.scmp.com/news/china/diplomacy/article/3253915/us-chamber-commerce-cites-concerns-about-made-china-2025-after-trip-beijing?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3253915/us-chamber-commerce-cites-concerns-about-made-china-2025-after-trip-beijing?utm_source=rss_feed Fri, 01 Mar 2024 21:42:53 +0000 On a dusty patch of desert north of Phoenix, Arizona, three security guards in hard hats sit under an open tent in the blistering sun as a coyote lopes across the dirt road. “I can’t say anything. You’re not allowed in here,” barks one, ambling out of the shade, as scores of construction cranes, cement trucks and diggers nearby race to build a US$12 billion semiconductor manufacturing fabrication line, or fab, for Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading chip... https://www.scmp.com/news/china/article/3186973/chip-making-business-returns-us-washington-and-arizona-dangle-subsidies?utm_source=rss_feed https://www.scmp.com/news/china/article/3186973/chip-making-business-returns-us-washington-and-arizona-dangle-subsidies?utm_source=rss_feed Thu, 28 Jul 2022 21:00:55 +0000 On April 10, the Chinese government released its “Opinions on Accelerating the Establishment of a Unified Domestic Market”, a new set of plans for developing the country’s internal market. Specifically, the plans aim to tackle local protectionism and include guidelines on increasing market efficiency and reducing transaction costs. This is not the first time in recent years that the central leadership has called for a “unified domestic market”. China has historically had a large domestic market... https://www.scmp.com/comment/opinion/article/3174766/chinas-plan-unify-its-domestic-market-will-create-cohesion-expense?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3174766/chinas-plan-unify-its-domestic-market-will-create-cohesion-expense?utm_source=rss_feed Thu, 21 Apr 2022 19:30:26 +0000 Three in four Japanese people worry that China may take military action against Taiwan or a set of disputed islands in the East China Sea, according to a survey by the Kyodo News. They are concerned that Russia’s invasion of Ukraine could induce China to make similar offensives, respondents said in the poll conducted over the weekend. Public support for Prime Minister Fumio Kishida’s administration rose as some 86 per cent of respondents backed Japan’s decision to slap economic sanctions on... https://www.scmp.com/news/asia/east-asia/article/3171176/majority-japanese-worry-about-china-invading-taiwan-ukraine-war?utm_source=rss_feed https://www.scmp.com/news/asia/east-asia/article/3171176/majority-japanese-worry-about-china-invading-taiwan-ukraine-war?utm_source=rss_feed Sun, 20 Mar 2022 11:44:21 +0000 In a blow to the US Justice Department’s China Initiative policy, prosecutors on Thursday dropped all charges against a Massachusetts Institute of Technology professor accused of misrepresenting his relationship to China on funding documents. Gang Chen, a Chinese-born mechanical engineer and nanotechnology expert at MIT, was arrested a year ago for allegedly failing to disclose links to the Chinese government. The indictment also accused his research group of receiving US$19 million from... https://www.scmp.com/news/china/article/3164157/us-drops-charges-against-gang-chen-mit-professor-accused-lying-about?utm_source=rss_feed https://www.scmp.com/news/china/article/3164157/us-drops-charges-against-gang-chen-mit-professor-accused-lying-about?utm_source=rss_feed Thu, 20 Jan 2022 19:46:54 +0000 Why is there a wide variance in economic outcomes and welfare among countries? Why are some nations poor and others rich? These questions have challenged development economists and policymakers for centuries. While no singular theory explains all cases, accumulating scholarly evidence suggests industrialisation is a necessary condition for nations to climb the development ladder. The only exceptions are natural resource-rich nations, and small economies that can generate wealth from tourism,... https://www.scmp.com/comment/opinion/article/3160414/china-germany-why-industrial-policy-agenda?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3160414/china-germany-why-industrial-policy-agenda?utm_source=rss_feed Wed, 22 Dec 2021 19:30:15 +0000 China’s investments in the European Union dropped by almost two-thirds last year as a result of the coronavirus pandemic and Brussels’ crackdown on foreigners buying up strategic European assets. A new report from the EU shows that Beijing’s share of the bloc’s total inbound investments dropped to 2.5 per cent in 2020 from 4 per cent in 2019. While there was a broad decline in overall investment in Europe, it was more pronounced for China and Russia, two nations that have prickly relations with... https://www.scmp.com/news/china/article/3157136/chinas-investments-europe-plunge-amid-coronavirus-squeeze-foreign-buyers?utm_source=rss_feed https://www.scmp.com/news/china/article/3157136/chinas-investments-europe-plunge-amid-coronavirus-squeeze-foreign-buyers?utm_source=rss_feed Tue, 23 Nov 2021 18:27:43 +0000 Once upon a time there was a narrative: after three decades of opening up to the global economy, winning access to international markets and capturing what intellectual property it could, China is reverting to a centuries-old preference for self-isolation. In deciding to decouple from global markets, using its Made in China 2025 policy to strengthen the capacity of, and loyalty to, local companies, and a dual circulation strategy to bolster local consumption as the main growth driver, Beijing... https://www.scmp.com/comment/opinion/article/3155759/who-says-china-retreating-splendid-self-isolation?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3155759/who-says-china-retreating-splendid-self-isolation?utm_source=rss_feed Sat, 13 Nov 2021 00:45:13 +0000 Wang Xiaogang’s first encounter with a thinking machine two decades ago set him on a career path that would turn him into one of China’s foremost experts on artificial intelligence (AI). A masters student in electronic engineering in 2001, Wang was visiting a laboratory at the Chinese University of Hong Kong (CUHK) when his engineering dean Tang Xiao’ou showed how deep neural networks in computing could teach algorithms to mimic artistic techniques, transforming his photograph into a portrait... https://www.scmp.com/business/companies/article/3145739/sensetime-parlays-academic-bona-fides-worlds-largest-platform?utm_source=rss_feed https://www.scmp.com/business/companies/article/3145739/sensetime-parlays-academic-bona-fides-worlds-largest-platform?utm_source=rss_feed Sat, 21 Aug 2021 02:00:21 +0000 Local governments in China are pouring resources into the country’s aviation industry to deliver on Beijing’s goal of self-sufficiency, as competition with the United States heats up. The number of industrial estates dedicated to aviation surged to a record high of 90 last year from 39 in 2012, according to data from Qianzhan Industry Research Institute. “At present, many local governments are actively planning the construction of a general aviation industry base,” said Tsinghua University in a... https://www.scmp.com/economy/china-economy/article/3144942/chinas-local-governments-splurge-lure-aviation-industry-amid?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3144942/chinas-local-governments-splurge-lure-aviation-industry-amid?utm_source=rss_feed Fri, 13 Aug 2021 12:30:05 +0000 “Tell me who your enemy is, and I will tell you who you are,” German jurist Carl Schmitt said, since ultimately “political actions and motives” boil down to the distinction “between friend and enemy”. The much-anticipated meeting in Anchorage, Alaska between the scions of the Chinese and American foreign policy establishment exhibited a similar dynamic. As feared, both sides adopted fiery rhetoric in their opening session in front of the global media, reflecting the immense geopolitical gulf... https://www.scmp.com/comment/opinion/article/3126538/us-china-relations-how-superpower-cooperation-three-areas-can?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3126538/us-china-relations-how-superpower-cooperation-three-areas-can?utm_source=rss_feed Tue, 23 Mar 2021 14:30:10 +0000 The worldwide shortage in semiconductor chips has wreaked havoc on the global automotive industry, with car makers from Ford Motor to Volkswagen forced to scale back production, but the crisis is proving an opportunity for one small segment of the industry: China’s electric vehicle makers. Chinese assemblers of new energy vehicles (NEVs), as they are known, like NIO, Xpeng and Li Auto say they have secured enough chips to keep their production lines going for the foreseeable future, and may even... https://www.scmp.com/business/companies/article/3124245/electric-cars-may-get-chance-lifetime-replace-petrol-guzzlers?utm_source=rss_feed https://www.scmp.com/business/companies/article/3124245/electric-cars-may-get-chance-lifetime-replace-petrol-guzzlers?utm_source=rss_feed Sat, 06 Mar 2021 11:00:12 +0000 China’s planners are maintaining their bullish target to spur home-grown brands in the world’s biggest electric vehicle market as they repackaged a controversial industrial plan under a new guise, seizing the opportunity to keep factories churning while competitors lay idle amid the coronavirus pandemic. Green vehicles – comprising pure electric cars, petroleum-electric hybrids and vehicles that run on fuel cells – will make up one in five automobiles on China’s roads by 2025, according to a... https://www.scmp.com/business/china-business/article/3108275/china-keeps-20-cent-sales-target-home-grown-electric-cars?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3108275/china-keeps-20-cent-sales-target-home-grown-electric-cars?utm_source=rss_feed Tue, 03 Nov 2020 12:00:19 +0000 This final instalment of a three-part series on new energy vehicles (NEVs) looks at what constitutes the perfect electric car in China, comprising a balance between sticker price and driving range, battery size and charging infrastructure. The first instalment on rural markets is here, and the second part on battery makers is here. Tim Gan, who works for a Chinese state-owned financial institution in Shanghai, did not think twice when he heard that harsh restrictions were about to kick in on... https://www.scmp.com/business/companies/article/3107770/what-does-perfect-electric-vehicle-look-china-it-must-go-far-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/3107770/what-does-perfect-electric-vehicle-look-china-it-must-go-far-and?utm_source=rss_feed Sat, 31 Oct 2020 03:45:19 +0000 China’s top 10 appliance makers, which are also the world’s largest by market capitalisation, are a highly concentrated lot. The three largest manufacturers – Midea Group, Gree Electric Appliances and Haier Smart Home – make up 80 per cent of the combined value of the top 10, while four of the 10 largest are based in southern China’s Greater Bay Area, according to the Hurun China Top 10 Most Valuable Electrical Appliance Companies 2020 report. “China’s electrical appliance industry has already... https://www.scmp.com/business/companies/article/3105458/midea-gree-and-haier-make-80-cent-value-chinas-top-10-appliance?utm_source=rss_feed https://www.scmp.com/business/companies/article/3105458/midea-gree-and-haier-make-80-cent-value-chinas-top-10-appliance?utm_source=rss_feed Wed, 14 Oct 2020 07:00:11 +0000 In the midst of its escalating economic conflict with the US, China’s largest state-owned enterprises have been given a new directive: work with small and medium-sized firms to build new global champions. In an interview with the state-run Xinhua news agency published on Monday, Hao Peng, chairman and Communist Party secretary of the State-owned Assets Supervision and Administration Commission (SASAC), said state firms, particularly those owned by the central government, should team up with... https://www.scmp.com/economy/global-economy/article/3096924/chinas-state-owned-giants-given-new-order-create-global?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3096924/chinas-state-owned-giants-given-new-order-create-global?utm_source=rss_feed Tue, 11 Aug 2020 09:30:47 +0000 It has been a feature of the Chinese government’s annual state-of-the-nation address to the country’s legislature since 2014. But this year when Chinese Premier Li Keqiang delivered his government work report and development plan to the National People’s Congress, there was no mention of the core Chinese military modernisation policy that has alarmed Washington. The military-civil fusion (MCF) policy is a national strategy to enlist the private sector to help modernise the country’s defences and... https://www.scmp.com/news/china/military/article/3087785/has-china-gone-stealth-mode-its-military-civil-fusion-plans?utm_source=rss_feed https://www.scmp.com/news/china/military/article/3087785/has-china-gone-stealth-mode-its-military-civil-fusion-plans?utm_source=rss_feed Fri, 05 Jun 2020 14:00:11 +0000 In late February 2019, almost three months after Huawei Technologies tumbled into its worst existential and reputational crisis, China’s largest telecommunications equipment maker invited global journalists to its Shenzhen campus in its first international media outreach in three decades. The company was anxious to set the record straight: it did not steal trade secrets from the United States; its 4G and 5G telecoms gear do not pose a security threat to US national security; the Chinese... https://www.scmp.com/business/companies/article/3078948/letting-staff-share-huaweis-stock-and-profit-ren-zhengfei?utm_source=rss_feed https://www.scmp.com/business/companies/article/3078948/letting-staff-share-huaweis-stock-and-profit-ren-zhengfei?utm_source=rss_feed Wed, 08 Apr 2020 23:00:19 +0000 The Trump administration is adopting increasingly aggressive tactics in its bid to counter Chinese theft of trade secrets with the arrest of a prominent Harvard professor and high-profile investigations into top universities. The move against one of the nation’s foremost scientists – Charles Lieber, chairman of the Harvard chemistry department – and the threat of criminal charges against Harvard, Yale and other prestigious universities over reporting violations has sent shock waves through the... https://www.scmp.com/news/china/article/3051226/us-sets-sights-harvard-professor-and-universities-over-chinese-funding?utm_source=rss_feed https://www.scmp.com/news/china/article/3051226/us-sets-sights-harvard-professor-and-universities-over-chinese-funding?utm_source=rss_feed Tue, 18 Feb 2020 17:03:02 +0000 Shifting China’s growth model has been imperative for the country’s leadership amid a slowing economy and the trade war with the United States. Encouraging brand building could be the linchpin of this endeavour. The significance of brands in a knowledge-driven economy has never been lost on Beijing’s top cadres. As early as June 2016, the State Council issued a landmark document hailing the “pioneering” role of brands in facilitating supply-demand structural reforms. This marked the beginning of... https://www.scmp.com/comment/opinion/article/3035259/while-huawei-and-xiaomi-have-had-global-success-building-made-china?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3035259/while-huawei-and-xiaomi-have-had-global-success-building-made-china?utm_source=rss_feed Wed, 30 Oct 2019 17:00:12 +0000 China Merchants Group, one of the country’s most powerful state-owned conglomerates, has begun building a 5 billion yuan (US$703 million) industry base in Jiangsu province to support the manufacturing of cruise ships, part of Beijing’s efforts to grasp core technologies to catch up with global leaders. China Merchants Industry Holdings, a unit of the conglomerate, plans to conduct research and development and establish a dockyard in Haimen, a coastal city 150 kilometres (93.2 miles) from... https://www.scmp.com/business/companies/article/3026231/china-merchants-unit-sets-sight-reinforced-ships-polar-cruises?utm_source=rss_feed https://www.scmp.com/business/companies/article/3026231/china-merchants-unit-sets-sight-reinforced-ships-polar-cruises?utm_source=rss_feed Sun, 08 Sep 2019 08:12:25 +0000 While Beijing may be keeping its controversial “Made in China 2025” industrial strategy away from public discussion, the state-driven plan to lift Chinese manufacturing up the value chain is the bedrock of economic revitalisation in Liaoning, one of the three provinces of China's Northeastern rust belt. The four-year-old plan that aims to wean China off its reliance on foreign technology and imports, and build global hi-tech champions, has become a political flashpoint for the US-China trade... https://www.scmp.com/economy/china-economy/article/3021856/beijings-controversial-made-china-2025-plan-linchpin?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3021856/beijings-controversial-made-china-2025-plan-linchpin?utm_source=rss_feed Wed, 07 Aug 2019 23:45:12 +0000 China is making swift progress on its 200 billion yuan (US$29.08 billion) fund aimed at investing in home-grown semiconductor development, as the world’s second-largest economy looks to reduce dependence on foreign chips amid a tech war with the US. The state-backed China Integrated Circuit Industry Investment Fund, also known as the country’s “Big Fund”, has completed raising capital for its second tranche, the China Securities Journal reported on Friday, citing sources familiar with the... https://www.scmp.com/tech/science-research/article/3020172/china-said-complete-second-round-us29-billion-fund-will?utm_source=rss_feed https://www.scmp.com/tech/science-research/article/3020172/china-said-complete-second-round-us29-billion-fund-will?utm_source=rss_feed Fri, 26 Jul 2019 04:46:54 +0000 China will only turn into an advanced manufacturing powerhouse in over 35 years at the current rate of progress despite the magnitude of the government’s industrial policy support for new domestic industries, according to a study by Renmin University of China in Beijing. Excess use of industrial subsidies, particularly by local governments, as well as poor implementation of anti-pollution standards, and the inability of the government to help small, private firms deal with short term operational... https://www.scmp.com/economy/china-economy/article/3019316/china-will-need-more-35-years-upgrade-hi-tech-manufacturing?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3019316/china-will-need-more-35-years-upgrade-hi-tech-manufacturing?utm_source=rss_feed Fri, 19 Jul 2019 12:00:08 +0000 Beijing has accelerated key technology investments since the outbreak of the trade war with the US, pushing ahead with its national strategy plan “Made in China 2025” (MIC2025), even as it tones down references to the policy amid international criticism, according to analysts. The China Integrated Circuit Industry Investment Fund Co, China’s state-backed financier also known as the “Big Fund”, has injected money into strategic areas of China’s technology supply chain, while focusing on the... https://www.scmp.com/business/banking-finance/article/3018689/china-powering-ahead-its-tech-development-blueprint-its?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3018689/china-powering-ahead-its-tech-development-blueprint-its?utm_source=rss_feed Mon, 15 Jul 2019 13:00:12 +0000 A 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday. “Taiwan firms’ exports account for at least 10 per cent of total Chinese exports, and 37 Taiwanese firms operating in China are in the top 100 exporters’ list to US,” the report said, adding that because of rapidly rising wages and other costs, labour intensive industries have... https://www.scmp.com/business/banking-finance/article/3017300/taiwan-tech-firms-set-join-exodus-china-amid-trade-war?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3017300/taiwan-tech-firms-set-join-exodus-china-amid-trade-war?utm_source=rss_feed Thu, 04 Jul 2019 11:45:06 +0000 Hopes are high that US President Donald Trump and Chinese President Xi Jinping’s meeting at the upcoming G20 Summit in Japan can lay the groundwork for a US-China trade deal and end the tit-for-tat tariffs. However, the trade dispute is not amenable to a quick or easy solution because the underlying issues are structural and systemic in nature. Even if a headline-grabbing agreement is reached, it is likely to be largely cosmetic and is unlikely to defuse ongoing tensions. Two factors underlie... https://www.scmp.com/comment/opinion/article/3015914/us-and-china-need-go-beyond-trade-deal-share-burden-reshaping-new?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3015914/us-and-china-need-go-beyond-trade-deal-share-burden-reshaping-new?utm_source=rss_feed Tue, 25 Jun 2019 19:00:10 +0000 US trade officials rejected Tesla’s bid for relief from US President Donald Trump’s 25 per cent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. According to documents filed by the US Trade Representative’s office (USTR), Tesla’s and other tariff exclusion requests for Chinese-made products from aircraft parts to biotechnology instruments were all denied because they were deemed... https://www.scmp.com/news/world/united-states-canada/article/3008829/us-rejects-teslas-bid-avoid-tariffs-chinese-made?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3008829/us-rejects-teslas-bid-avoid-tariffs-chinese-made?utm_source=rss_feed Fri, 03 May 2019 22:14:49 +0000