https://www.scmp.com/rss/506003/feed China’s export-driven economy was for decades the workshop of the world. In 2001, when China joined the World Trade Organisation (WTO), it accounted for 4 per cent of the world’s exports, and by 2017, that had risen to 13 per cent. The trade war with the United States damaged China’s exports as tariffs made its goods more expensive for American buyers. The coronavirus outbreak subsequently damaged overseas demand for Chinese products, leading many analysts to predict a huge slump in exports over... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 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 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 Carol Yang Carol Yang China’s green energy transition is expanding from a domestic security priority into a potent geopolitical asset at a time of heightened global uncertainty, according to the latest official reading of the country’s 15th five-year plan. That shift has been tested in recent weeks by the US-Israeli war in Iran and Tehran’s effective closure of the Strait of Hormuz – a chokepoint for 20 per cent of global oil and gas supplies. While Tehran signalled it would reopen the strait on Tuesday under a... https://www.scmp.com/economy/china-economy/article/3349646/why-chinas-green-energy-strategy-may-shield-it-iran-war-oil-shock?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349646/why-chinas-green-energy-strategy-may-shield-it-iran-war-oil-shock?utm_source=rss_feed Fri, 10 Apr 2026 12:00:09 +0000 Dannie Peng Dannie Peng China’s “desert wheat farms” have survived repeated sandstorms and continue to grow following an initial trial in the country’s largest desert, as part of an ongoing effort to combat desertification and unlock the land’s potential for strengthening national food security. Two years ago, on the fringes of the Taklamakan Desert in the Xinjiang Uygur autonomous region, China launched an unprecedented project to plant wheat in sand. The first harvest, covering 400 hectares (988 acres) on the... https://www.scmp.com/news/china/science/article/3349579/two-years-china-proves-its-desert-wheat-farms-are-not-hoax?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3349579/two-years-china-proves-its-desert-wheat-farms-are-not-hoax?utm_source=rss_feed Fri, 10 Apr 2026 05:09:48 +0000 Juan Pablo Sims,Brice Tseen Fu Lee Juan Pablo Sims,Brice Tseen Fu Lee The Iran war has been framed as a Middle East crisis with global energy consequences. That is true, but incomplete. It is also reshaping China’s strategic map. The disruption in the Strait of Hormuz, the jump in oil prices and the shock to shipping and energy markets have reinforced a lesson for Beijing: vulnerability begins with concentration. When one region becomes more unstable, the value of diversified suppliers, routes and external partners rises. That is why Latin America matters more to... https://www.scmp.com/opinion/china-opinion/article/3349271/middle-east-crisis-pushing-china-deepen-latin-america-ties?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3349271/middle-east-crisis-pushing-china-deepen-latin-america-ties?utm_source=rss_feed Thu, 09 Apr 2026 21:30:08 +0000 Igor Patrick Igor Patrick Brazil is set to exhaust its annual beef export quota to China by early May, industry officials said, as cattle prices hit a nominal record and Beijing’s import restrictions forced exporters across South America to scramble for alternative markets. The benchmark price for finished cattle tracked by the Centre for Advanced Studies on Applied Economics at the University of Sao Paulo reached R$365 (US$71.57) per arroba (per 11.5-15kg) on Wednesday, a gain of 12.5 per cent over the past 12 months,... https://www.scmp.com/news/china/diplomacy/article/3349571/brazil-track-fill-china-beef-export-quota-may-prices-hit-all-time-high?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349571/brazil-track-fill-china-beef-export-quota-may-prices-hit-all-time-high?utm_source=rss_feed Thu, 09 Apr 2026 19:28:30 +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 Shi Jiangtao Shi Jiangtao A temporary but fragile ceasefire is in place after US President Donald Trump pulled back from the brink of a wider Iran war. For Beijing, as it prepares for Trump’s high-stakes visit planned for next month, the key question is what the Iran crisis reveals about Trump’s governing style, and whether it has left him emboldened or simply more unpredictable and volatile. The episode is the latest example of what Chinese observers call Trump’s “split” style: abrupt swings between conciliatory talk of... https://www.scmp.com/news/china/diplomacy/article/3349519/how-can-beijing-prepare-trumps-drunken-boxing-style-his-china-visit?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349519/how-can-beijing-prepare-trumps-drunken-boxing-style-his-china-visit?utm_source=rss_feed Thu, 09 Apr 2026 14:00:08 +0000 Sylvia Ma Sylvia Ma Rising demand for yuan settlement amid Middle East tensions is driving record transaction amounts in China’s cross-border payment system, analysts said, building on years of efforts to bolster financial infrastructure and expand its global network. “The Middle East conflict may have acted as a catalyst,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered, citing rising demand for yuan settlement, particularly in oil trade. China’s Cross-border Interbank... https://www.scmp.com/economy/global-economy/article/3349516/chinas-yuan-settlements-hit-record-and-iran-conflict-looking-catalyst?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349516/chinas-yuan-settlements-hit-record-and-iran-conflict-looking-catalyst?utm_source=rss_feed Thu, 09 Apr 2026 13:00:12 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Next month’s US-China presidential summit will focus on trade rather than investment, reflecting a reluctance to remove all economic constraints, according to the top US trade official. “I don’t think we’re at the point in our relationship with the Chinese where we want to talk about the investment programmes either way, right?” United States Trade Representative Jamieson Greer said on Tuesday at a Hudson Institute event in Washington. He cautioned against “premature discussions” as the... https://www.scmp.com/plus/news/china/diplomacy/article/3349526/trump-xi-summit-set-limited-trade-focused-agenda?utm_source=rss_feed https://www.scmp.com/plus/news/china/diplomacy/article/3349526/trump-xi-summit-set-limited-trade-focused-agenda?utm_source=rss_feed Thu, 09 Apr 2026 09:33:03 +0000 Kandy Wong,Ji Siqi Kandy Wong,Ji Siqi China’s exports of energy storage equipment are expected to keep rising as the US-Israeli war in Iran renews global calls for energy independence, industry insiders and analysts said. The total export value of Chinese inverters – key components in energy storage systems – jumped 57 per cent year on year to US$1.66 billion for the first two months of 2026, Chinese customs data showed. Inverters convert electricity generated from batteries and solar panels into usable power for homes, businesses... https://www.scmp.com/economy/global-economy/article/3349515/chinas-energy-storage-tech-exports-buffer-against-iran-war-oil-shock?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349515/chinas-energy-storage-tech-exports-buffer-against-iran-war-oil-shock?utm_source=rss_feed Thu, 09 Apr 2026 09:00:17 +0000 Xinyi Wu Xinyi Wu China’s state assets watchdog has established a new department to oversee foreign investments, as firms continue to expand their global footprint amid an increasingly turbulent geopolitical outlook. The new bureau, launched by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Wednesday, will guide state-owned enterprises in their international operations, according to its website. It will also be responsible for helping firms optimise and... https://www.scmp.com/economy/china-economy/article/3349496/china-strengthens-oversight-state-owned-assets-overseas-amid-global-tensions?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349496/china-strengthens-oversight-state-owned-assets-overseas-amid-global-tensions?utm_source=rss_feed Thu, 09 Apr 2026 08:00:12 +0000 Mia Nurmamat Mia Nurmamat China has completed one of Southeast Asia’s largest solar power projects in Laos, at a time when regional economies are stepping up efforts to reduce reliance on fossil fuels amid global energy disruptions in the Persian Gulf. The initial phase of the 1 gigawatt (GW) solar project was officially connected to the grid on Tuesday, becoming the country’s first large-scale mountainous photovoltaic installation. Located in northern Laos, the installation is expected to generate about 1.65 billion... https://www.scmp.com/economy/global-economy/article/3349382/china-backed-solar-project-powers-laos-amid-iran-war-energy-shock?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349382/china-backed-solar-project-powers-laos-amid-iran-war-energy-shock?utm_source=rss_feed Thu, 09 Apr 2026 00:00:12 +0000 Igor Patrick Igor Patrick 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 on Wednesday after police dismantled the network in one of the largest organised crime operations ever uncovered in the country. The group trucked stolen metal to Iquique, a port city in Chile’s far north, and shipped it to China in containers disguised as scrap cargo. Over the same period, it collected more than US$55 million in... https://www.scmp.com/news/china/diplomacy/article/3349439/chile-exposes-smuggling-ring-shipped-us917m-stolen-copper-chinese-buyers?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349439/chile-exposes-smuggling-ring-shipped-us917m-stolen-copper-chinese-buyers?utm_source=rss_feed Wed, 08 Apr 2026 22:04:40 +0000 Khushboo Razdan,Dewey Sim,Teresa Elena Frontado,Lucy Quaggin Khushboo Razdan,Dewey Sim,Teresa Elena Frontado,Lucy Quaggin Control of the Strait of Hormuz has emerged as the central fault line in US-Iran negotiations, with US President Donald Trump appearing to recast an earlier off-the-cuff idea into a more formal proposal that seeks to bridge Tehran’s push for dominance and Washington’s insistence on open passage. Following his Tuesday announcement of a two-week ceasefire, Trump on Wednesday told the American Broadcasting Company that his administration may seek a “joint venture” with Iran to safeguard the global... https://www.scmp.com/news/us/diplomacy/article/3349436/strait-hormuz-trump-iran-joint-venture-really-possible?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3349436/strait-hormuz-trump-iran-joint-venture-really-possible?utm_source=rss_feed Wed, 08 Apr 2026 21:02:48 +0000 Mandy Zuo,Daniel Ren Mandy Zuo,Daniel Ren Billionaire investor and philanthropist Ray Dalio has called the US-China relationship the single most critical factor for global well-being, as the war on Iran shakes the world order and leaders of the two superpowers prepare to meet next month. Strong ties between Beijing and Washington could unlock immense progress for humanity, while bad relations could cause catastrophic damage, Dalio warned at an event for his non-profit ocean exploration initiative OceanX in Shanghai on Wednesday. “We are... https://www.scmp.com/economy/china-economy/article/3349393/ray-dalio-says-us-china-ties-are-critical-world-enters-dangerous-new-era?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349393/ray-dalio-says-us-china-ties-are-critical-world-enters-dangerous-new-era?utm_source=rss_feed Wed, 08 Apr 2026 13:00:08 +0000 Göktuğ Çalışkan Göktuğ Çalışkan The first tankers that turned away from the Strait of Hormuz did not just redraw shipping maps. They redrew grocery lists, too. After Iran’s partial closure of the strait disrupted a chokepoint that carries roughly 20 per cent of the world’s oil, traders priced in something they know too well: war is not only about missiles; it’s about the bill that lands on kitchen tables months later. Brent crude climbing back above US$100 a barrel, and touching roughly US$120 on the worst days, is already... https://www.scmp.com/opinion/world-opinion/article/3349221/war-premiums-hit-groceries-china-deals-give-africa-room-breathe?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3349221/war-premiums-hit-groceries-china-deals-give-africa-room-breathe?utm_source=rss_feed Wed, 08 Apr 2026 12:30:08 +0000 Frank Chen Frank Chen China has implemented a new regulation on supply chain security that hands officials the power to punish any entities deemed to threaten the country’s access to vital resources and the free flow of goods, as Beijing confronts an increasingly turbulent global outlook. The 18-point regulation – which was passed and became effective on March 31, but the full text of which was only published on Tuesday – elevates safeguarding China’s industrial and supply chains to a national security issue. The new... https://www.scmp.com/economy/china-economy/article/3349351/china-enforces-new-security-rules-defend-supply-chains-global-threats?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3349351/china-enforces-new-security-rules-defend-supply-chains-global-threats?utm_source=rss_feed Wed, 08 Apr 2026 09:30:09 +0000 SCMP Reporters SCMP Reporters This document was translated from Chinese into English using Alibaba’s Qwen3.6-Plus, then checked and tweaked for accuracy by a Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the South China Morning Post. https://www.scmp.com/plus/economy/china-economy/article/3349381/explaining-chinas-supply-chain-security-rules?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3349381/explaining-chinas-supply-chain-security-rules?utm_source=rss_feed Wed, 08 Apr 2026 09:16:37 +0000 Khushboo Razdan Khushboo Razdan Just weeks before a planned summit between US President Donald Trump and Chinese leader Xi Jinping, Washington’s top trade negotiator signalled a cautious, tightly managed approach to China ties, ruling out a pre-summit visit to Beijing, favouring continued virtual engagement, and indicating no new push to expand bilateral investment. US Trade Representative Jamieson Greer indicated on Tuesday that preparatory talks with Chinese counterparts would take place virtually, ruling out an in-person... https://www.scmp.com/news/us/article/3349312/only-virtual-talks-no-new-investment-push-xi-trump-summit-greer?utm_source=rss_feed https://www.scmp.com/news/us/article/3349312/only-virtual-talks-no-new-investment-push-xi-trump-summit-greer?utm_source=rss_feed Tue, 07 Apr 2026 21:03:49 +0000 Sylvia Ma Sylvia Ma Mainstream metrics may understate the role of China’s currency in global payments, as a growing share of transactions is now routed through Beijing’s own cross-border payment system and not fully reflected in conventional data sets, analysts say. This could help explain the gap between Beijing’s official narrative – which describes the yuan as the world’s third-largest payment currency – and readings from tracking systems such as the Society for Worldwide Interbank Financial Telecommunication... https://www.scmp.com/economy/china-economy/article/3348907/chinas-yuan-may-be-going-global-faster-western-data-suggests-analysts-say?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348907/chinas-yuan-may-be-going-global-faster-western-data-suggests-analysts-say?utm_source=rss_feed Mon, 06 Apr 2026 15:00:07 +0000 Xinyi Wu Xinyi Wu China is upgrading the BeiDou satellite navigation system – its home-grown alternative to the US-run Global Positioning System – as Beijing seeks to expand the network’s industrial footprint and international reach. The project will focus on replacing older satellites with newer, third-generation models and realigning their orbital paths to allow more comprehensive global coverage, according to a document released by the China Satellite Navigation Office in late March. BeiDou has already... https://www.scmp.com/economy/article/3348900/chinas-gps-rival-beidou-getting-upgrade-beijing-eyes-global-adoption?utm_source=rss_feed https://www.scmp.com/economy/article/3348900/chinas-gps-rival-beidou-getting-upgrade-beijing-eyes-global-adoption?utm_source=rss_feed Sat, 04 Apr 2026 08:00:10 +0000 Ralph Jennings Ralph Jennings Australian comedian Jenny Tian set off a wave of deep laughter across an Adelaide audience at a recent comedy festival by saying she had tired of democracy at home. So, Tian explained, she moved to the US to give “fascism” a whirl instead. The 30-year-old showbiz pro was born to Chinese parents, making her race a rarity in Western stand-up comedy. But the crowd was a near sell-out. I saw Tian’s March performance during a visiting media tour of Australia after days of meetings with national... https://www.scmp.com/economy/china-economy/article/3348468/australias-180-degree-shift-5-years-ago-china-favour-us-out?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348468/australias-180-degree-shift-5-years-ago-china-favour-us-out?utm_source=rss_feed Sat, 04 Apr 2026 00:00:09 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow Subscribers: The Daily Pulse won’t be published on April 6 because of China’s Ching Ming Festival. We will resume publication on Tuesday, April 7. Data released on the first anniversary of President Donald Trump’s “Liberation Day” tariffs announcement shows how his trade war has hammered the United States’ direct imports from China as manufacturers shift production to other markets. The US goods trade deficit with China fell by more than 50 per cent in the first two months of this year to... https://www.scmp.com/plus/economy/china-economy/article/3348953/liberation-day-anniversary-war-iran-taiwans-kmt-visits-beijing?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3348953/liberation-day-anniversary-war-iran-taiwans-kmt-visits-beijing?utm_source=rss_feed Fri, 03 Apr 2026 09:01:05 +0000 Xiaofei Xu,Frank Chen Xiaofei Xu,Frank Chen As China and the United States wrapped up their sixth and most recent round of trade talks in Paris this March, a minor mishap briefly stole the spotlight. A sudden gust of wind toppled two American flags in the background, where journalists were waiting for US Treasury Secretary Scott Bessent. Officials rushed to tape them to the wall – a fitting tableau for a trade war that, one year on, is patched together by a truce yet remains far from resolved. At their respective press appearances,... https://www.scmp.com/economy/global-economy/article/3348826/us-china-trade-war-1-year-who-really-holds-upper-hand?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348826/us-china-trade-war-1-year-who-really-holds-upper-hand?utm_source=rss_feed Thu, 02 Apr 2026 22:00:14 +0000 Dewey Sim,Teresa Elena Frontado Dewey Sim,Teresa Elena Frontado US Secretary of State Marco Rubio has voiced “serious concerns” over China’s intensified inspections of Panama-flagged vessels, vowing that the US “stands firmly” with Panama amid the Latin American country’s escalating fallout with Beijing. Rubio said China’s recent actions “raise serious concerns about the use of economic tools to undermine the rule of law in Panama, a sovereign nation and vital partner for global commerce”. “Detentions, delays, or other impediments to the movement of vessels... https://www.scmp.com/news/us/diplomacy/article/3348859/rubio-raises-concerns-over-chinas-detention-panama-flagged-ships?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348859/rubio-raises-concerns-over-chinas-detention-panama-flagged-ships?utm_source=rss_feed Thu, 02 Apr 2026 19:34:46 +0000 Khushboo Razdan,Yuanyue Dang Khushboo Razdan,Yuanyue Dang Direct trade between China and the United States continues its shrinking trend, new US government data showed on Thursday, as the anniversary of “Liberation Day” highlights how last year’s tariff escalations deepened tensions between the two global powers. The figures come ahead of a planned leaders’ meeting in Beijing next month, where both sides are expected to explore ways to stabilise relations after a period of renewed economic strain, and just hours before he announced a fresh set of... https://www.scmp.com/news/us/article/3348857/trump-tariffs-cast-shadow-us-china-trade-shrinks-ahead-leaders-meet?utm_source=rss_feed https://www.scmp.com/news/us/article/3348857/trump-tariffs-cast-shadow-us-china-trade-shrinks-ahead-leaders-meet?utm_source=rss_feed Thu, 02 Apr 2026 16:25:26 +0000 Hao Nan Hao Nan A month into the Iran war, Washington still says it expects to achieve its objectives in weeks, not months. That may prove optimistic. The terms on offer from the United States and Iran barely overlap, and markets remain unconvinced a durable settlement is close. But one fact is clear: the war’s most consequential effects may be felt not only in the Middle East but across East Asia. It would be a mistake to see this as only an oil story. It is also about hierarchy. In East Asia, the war is... https://www.scmp.com/opinion/china-opinion/article/3348429/how-east-asia-being-quietly-reordered-us-war-iran?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3348429/how-east-asia-being-quietly-reordered-us-war-iran?utm_source=rss_feed Thu, 02 Apr 2026 12:30:07 +0000 Sylvia Ma Sylvia Ma A leading Chinese state media outlet has run back-to-back front-page editorials over the past two days pushing back against claims that China’s economy is losing steam and that the global economy is experiencing a “China shock 2.0”. “Looking across the globe, China’s growth target stands out as second to none,” the state-run Economic Daily wrote in a Thursday editorial, noting that the country’s goal of achieving 4.5 to 5 per cent growth in 2026 was far higher than the 2.6 per cent global growth... https://www.scmp.com/economy/china-economy/article/3348787/china-shock-20-false-narrative-born-western-anxiety-chinese-media?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348787/china-shock-20-false-narrative-born-western-anxiety-chinese-media?utm_source=rss_feed Thu, 02 Apr 2026 07:55:43 +0000 Ralph Jennings Ralph Jennings Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, speaks to the South China Morning Post about the long-term future of China’s economy after the “two sessions” in Beijing and ahead of an expected Xi-Trump summit – all during an oil crisis sparked by the US-Israel war against Iran. SCMP Plus readers get early access to articles in the Open Questions series. What impact will the oil shock arising from the Iran war have on the growth of Asian economies this year? Asia is greatly... https://www.scmp.com/plus/economy/china-economy/article/3348772/goldman-sachs-economist-sees-iran-war-testing-chinas-self-reliance?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3348772/goldman-sachs-economist-sees-iran-war-testing-chinas-self-reliance?utm_source=rss_feed Thu, 02 Apr 2026 07:30:04 +0000 Igor Patrick Igor Patrick With one of the world’s highest benchmark interest rates among major economies, Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024. Facing working capital lines that cost upwards of two per cent a month, equivalent to roughly 27 per cent a year according to market calculations, mid-sized importers are securing deferred payment terms directly from Chinese suppliers through credit limits backed by... https://www.scmp.com/news/china/diplomacy/article/3348719/how-chinas-state-insurer-turning-brazils-credit-crisis-export-advantage?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348719/how-chinas-state-insurer-turning-brazils-credit-crisis-export-advantage?utm_source=rss_feed Wed, 01 Apr 2026 19:21:11 +0000 Sylvia Ma Sylvia Ma China’s top Communist Party journal has reaffirmed the country’s push to rebalance trade, saying a worsening global environment marked by rising protectionism and geopolitical tensions is adding urgency to its ongoing shift from an “unsustainable” export-driven growth model. “The underlying conditions, and both domestic and external environment shaping China’s trade balance, are undergoing profound changes, while deep-seated weaknesses in the foreign trade sector remain pronounced,” said a... https://www.scmp.com/economy/global-economy/article/3348651/qiushi-reaffirms-chinas-trade-rebalance-push-calls-old-export-led-growth-unsustainable?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348651/qiushi-reaffirms-chinas-trade-rebalance-push-calls-old-export-led-growth-unsustainable?utm_source=rss_feed Wed, 01 Apr 2026 12:00:08 +0000 Carol Yang Carol Yang Lawmakers in the United States have urged the administration of US President Donald Trump to take action against China’s alleged sanctioned oil imports by blacklisting port operators and blocking complex settlement networks. Despite Washington’s temporary easing of sanctions on Russian and Iranian oil to relieve price pressures from the US-Israeli war in Iran, the “House Select Committee on Strategic Competition between the United States and the Chinese Communist Party” has released a 41-page... https://www.scmp.com/economy/china-economy/article/3348668/us-house-committee-calls-major-crackdown-chinas-alleged-sanctioned-oil-imports?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348668/us-house-committee-calls-major-crackdown-chinas-alleged-sanctioned-oil-imports?utm_source=rss_feed Wed, 01 Apr 2026 09:10:31 +0000 Chris Pereira Chris Pereira Against a backdrop of war and global uncertainty, Chinese Premier Li Qiang delivered a clear message at the recent China Development Forum: China is committed to being a “harbour of stability” for the world. The forum, which drew CEOs from global companies such as Siemens, Nestlé and Apple, signalled to the world that while the United States flails, China offers reliability and steady governance. Even before the US-Israeli war on Iran, however, my inbox was already telling me that something was... https://www.scmp.com/opinion/china-opinion/article/3348213/surge-global-business-interest-chinas-harbour-stability?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3348213/surge-global-business-interest-chinas-harbour-stability?utm_source=rss_feed Wed, 01 Apr 2026 08:30:08 +0000 Kandy Wong Kandy Wong China’s exports of jet fuel have declined sharply in recent weeks amid the US-Israel war on Iran, leaving countries including Australia and Japan facing a supply crunch and scrambling to find alternative sellers. China is Asia-Pacific’s largest jet fuel and kerosene exporter, but shipments from the country fell nearly 40 per cent month on month in March to 204,000 barrels per day, figures from trade data provider Kpler showed. The cutback is likely to hit hardest in Australia and Japan, which... https://www.scmp.com/economy/china-economy/article/3348642/australia-and-japan-face-jet-fuel-supply-crunch-china-cuts-exports?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348642/australia-and-japan-face-jet-fuel-supply-crunch-china-cuts-exports?utm_source=rss_feed Wed, 01 Apr 2026 07:22:29 +0000 Alex Lo Alex Lo Why didn’t China develop its own scientific and industrial revolutions when it made so many discoveries and advances over millennia? That is often called “Needham’s question”, named after the historian of Chinese science and tech Joseph Needham. Why didn’t China develop capitalism during the Song dynasty when it was so close to achieving a breakthrough with trade, commerce, currency and semi-industrialisation, and an emerging merchant class? The Hungarian-French sinologist Etienne Balazs, among... https://www.scmp.com/opinion/china-opinion/article/3348381/why-china-always-misunderstood-and-misrepresented?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3348381/why-china-always-misunderstood-and-misrepresented?utm_source=rss_feed Wed, 01 Apr 2026 01:30:08 +0000 Khushboo Razdan Khushboo Razdan Washington’s top trade negotiator suggested on Tuesday that, in a break from usual practice, members of US President Donald Trump’s cabinet will not visit Beijing ahead of the expected mid-May summit with President Xi Jinping to prepare or discuss deliverables. “I don’t think we’re going to need to do that,” Jamieson Greer, US Trade Representative, said in an interview with Bloomberg Television when asked about meeting his Chinese counterparts soon, ahead of the much-anticipated leaders’... https://www.scmp.com/news/us/diplomacy/article/3348590/trump-xi-summit-us-trade-chief-casts-doubt-pre-meeting-beijing-visit?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348590/trump-xi-summit-us-trade-chief-casts-doubt-pre-meeting-beijing-visit?utm_source=rss_feed Tue, 31 Mar 2026 20:19:16 +0000 Dewey Sim Dewey Sim The US-Israel war on Iran has crippled exports of fertiliser from the Persian Gulf, raising the spectre of higher food prices if the conflict drags on. The disruption could hand China – the world’s largest fertiliser producer – greater political leverage over countries already locked in disputes with Beijing, though it is unlikely to weaponise exports, according to analysts. Global fertiliser prices have soared since Iran effectively blocked shipping through the Strait of Hormuz, through which... https://www.scmp.com/news/china/diplomacy/article/3348573/why-spike-fertiliser-prices-could-boost-chinas-political-clout?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348573/why-spike-fertiliser-prices-could-boost-chinas-political-clout?utm_source=rss_feed Tue, 31 Mar 2026 14:00:08 +0000 Xinyi Wu Xinyi Wu China has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to the People’s Bank of China said, but the country must balance those pressures with economic-growth risks. Huang Yiping, a member of the PBOC’s Monetary Policy Committee, said that China was already experiencing upwards pressure on prices. But China’s consumer price index (CPI), a key gauge of inflation, has remained below its official target of 2 per cent in recent... https://www.scmp.com/economy/china-economy/article/3348567/china-has-room-imported-inflation-economic-risks-rising-pboc-adviser?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348567/china-has-room-imported-inflation-economic-risks-rising-pboc-adviser?utm_source=rss_feed Tue, 31 Mar 2026 13:00:08 +0000 SCMP Reporters SCMP Reporters These announcements were translated from Chinese into English using Alibaba’s Qwen3.5-Plus, then checked and tweaked for accuracy by a Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the South China Morning Post https://www.scmp.com/plus/economy/china-economy/article/3348541/explaining-chinas-trade-probe-announcements?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3348541/explaining-chinas-trade-probe-announcements?utm_source=rss_feed Tue, 31 Mar 2026 09:42:44 +0000 Marco Vicenzino Marco Vicenzino Geopolitical competition has long been understood in territorial terms. Power was measured by control over land, resources and populations. Rivalry was expressed through military confrontation, alliance formation and the defence of borders. As economic interdependence deepened in the 20th century, globalisation was seen as an arena within which states competed, but not itself the object of competition. That assumption no longer holds. Increasingly, the infrastructure of globalisation is becoming... https://www.scmp.com/opinion/china-opinion/article/3347953/age-us-china-rivalry-supply-chain-statecraft-counts?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3347953/age-us-china-rivalry-supply-chain-statecraft-counts?utm_source=rss_feed Tue, 31 Mar 2026 08:30:09 +0000 Ji Siqi Ji Siqi The world is bracing for an aluminium supply shock after two major Middle Eastern smelters were damaged in Iranian attacks over the weekend, a disruption likely to push more production to China in the near term and potentially for years to come, analysts said. Emirates Global Aluminium (EGA), a leading regional producer, reported “significant damage” at its Abu Dhabi site following strikes by Iranian missiles and drones, while Aluminium Bahrain said it was assessing the extent of damage at its... https://www.scmp.com/economy/global-economy/article/3348426/will-irans-strikes-gulf-smelters-strengthen-chinas-aluminium-trade?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348426/will-irans-strikes-gulf-smelters-strengthen-chinas-aluminium-trade?utm_source=rss_feed Mon, 30 Mar 2026 15:00:12 +0000 Neil Denslow,Raymond Ma Neil Denslow,Raymond Ma China opened two retaliatory trade investigations against the United States, laying the groundwork for countermeasures to potential tariffs and bolstering its negotiating position ahead of a presidential summit in May. One inquiry focuses on US trade barriers “disrupting global production and supply chains” and the other covers “green products”, the Ministry of Commerce said on Friday. The investigations were launched in response to US inquiries announced earlier this month against China and... https://www.scmp.com/plus/economy/china-economy/article/3348397/china-deploys-new-trade-war-weapons-us-investigations?utm_source=rss_feed https://www.scmp.com/plus/economy/china-economy/article/3348397/china-deploys-new-trade-war-weapons-us-investigations?utm_source=rss_feed Mon, 30 Mar 2026 09:19:31 +0000 Anthony Rowley Anthony Rowley The law of unintended consequences, a theory popularised by American sociologist Robert K Merton, has rarely been more applicable to any situation than to US President Donald Trump’s war with Iran. Those consequences will be far greater than generally imagined. Their impact will fall heavily on Asia, the world’s most energy-import-dependent region and will almost certainly hurt US ally Japan more than it will the US’ main rival, China. Indeed, China may even emerge from the crisis with an... https://www.scmp.com/opinion/asia-opinion/article/3348014/asia-worst-effects-trumps-war-iran-are-yet-come?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3348014/asia-worst-effects-trumps-war-iran-are-yet-come?utm_source=rss_feed Sat, 28 Mar 2026 08:30:08 +0000 Khushboo Razdan Khushboo Razdan As US President Donald Trump heads to a delayed, high-stakes mid-May summit with President Xi Jinping in Beijing, he is already claiming victory, touting on Friday past trade talks with Xi as a win for American farmers, a crucial electoral bloc battered by his tariffs and the ongoing war with Iran. “Thanks to our trade deals, you’re now sending over US$40 billion in American soybeans to China,” Trump said on Friday, telling farmers and ranchers at the White House he personally secured the... https://www.scmp.com/news/us/diplomacy/article/3348219/trump-pitches-china-trade-win-us-farmers-ahead-xi-meeting-midterms?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348219/trump-pitches-china-trade-win-us-farmers-ahead-xi-meeting-midterms?utm_source=rss_feed Fri, 27 Mar 2026 22:21:27 +0000 Igor Patrick Igor Patrick China denied on Friday that it had intensified inspections of Panama-flagged vessels in retaliation for Panama’s decision to strip a Hong Kong-based conglomerate of port concessions at both ends of the Panama Canal, accusing Washington of seeking to seize control of the strategic waterway. During the daily press briefing at the Chinese Ministry of Foreign Affairs in Beijing, spokesman Lin Jian charged that the US had made “repeated wrongful allegations” about the inspections that exposed... https://www.scmp.com/news/china/diplomacy/article/3348217/china-denies-retaliating-against-panama-ships-accuses-washington-canal-grab?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348217/china-denies-retaliating-against-panama-ships-accuses-washington-canal-grab?utm_source=rss_feed Fri, 27 Mar 2026 20:09:58 +0000 Xiaofei Xu Xiaofei Xu Beijing has launched two trade barrier investigations into the United States in response to a pair of Section 301 probes that allege unfair trade practices by China and other economies and could pave the way for Washington to reimpose higher tariffs. According to the Ministry of Commerce, the investigations would focus on US measures deemed harmful to global industrial and supply chains, including those that obstruct trade in green products. The ministry said in a statement on Friday that... https://www.scmp.com/economy/global-economy/article/3348193/china-launches-investigations-us-trade-practices-why-now?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3348193/china-launches-investigations-us-trade-practices-why-now?utm_source=rss_feed Fri, 27 Mar 2026 14:30:08 +0000 Ralph Jennings Ralph Jennings Shandong Airlines, a subsidiary of flagship carrier Air China, has announced plans to lease 10 Boeing 737 aircraft, signalling China’s continued demand for the American jets as it looks to refresh an ageing fleet. The airline will pay a total fee of 2.88 billion yuan (US$405 million), with the aircraft to be delivered in batches over the coming two years, according to a notice Air China issued to the Shanghai Stock Exchange on Thursday. The deals include 10-year leases for three Boeing 737-800... https://www.scmp.com/economy/china-economy/article/3348170/air-china-subsidiary-lease-10-boeing-jets-deals-worth-about-us400-million?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348170/air-china-subsidiary-lease-10-boeing-jets-deals-worth-about-us400-million?utm_source=rss_feed Fri, 27 Mar 2026 14:00:09 +0000 Carol Yang Carol Yang Beyond oil, the Middle East conflict is fuelling fears of a shortage of helium – a by-product of liquefied natural gas (LNG) production that is critical for semiconductors, aerospace applications and high-end medical equipment. The medical sector is on alert, as magnetic resonance imaging machines depend on liquid helium to cool their superconducting magnets, and a supply crunch could jeopardise diagnostic services. A warning from Marc Johnson, a virologist and professor at the University of... https://www.scmp.com/economy/china-economy/article/3348153/semiconductors-medical-tech-iran-war-puts-helium-users-edge?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3348153/semiconductors-medical-tech-iran-war-puts-helium-users-edge?utm_source=rss_feed Fri, 27 Mar 2026 10:00:12 +0000