https://www.scmp.com/rss/522485/feed The latest news and top stories on Liao Min, Vice-Minister of Finance in China. He has a distinguished career in finance and economics, holding significant roles across China’s central bank, banking regulatory commission and commercial banks before his current position. With an MBA from Cambridge University, he is known for his expertise in international finance and has been instrumental in shaping China's economic policies, including trade negotiations and macroeconomic adjustments. His... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Frank Chen Frank Chen China is seizing its role as the chair and host of Apec 2026 to position itself as a staunch defender of multilateralism, according to analysts, and they see the platform being used to elevate the nation’s economic governance initiatives to a global level. The strategic push was on display at the two-day Finance and Central Bank Deputies’ Meeting that began on Wednesday in Shanghai, where Vice-Minister of Finance Liao Min called on members to uphold multilateralism. “Closer cooperation is... https://www.scmp.com/economy/global-economy/article/3342353/new-apec-chair-china-positions-global-defender-pivotal-juncture-while-us-retreats?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3342353/new-apec-chair-china-positions-global-defender-pivotal-juncture-while-us-retreats?utm_source=rss_feed Wed, 04 Feb 2026 07:41:33 +0000 Kandy Wong,Enoch Yiu Kandy Wong,Enoch Yiu China and the United Kingdom are expected to sign more business deals as the British delegation, which comprises 54 companies, heads to Shanghai from Beijing as part of Keir Starmer’s visit, the first by a UK prime minister since 2018. The UK delegation will attend a reception in Shanghai on Friday evening, according to Peter Burnett, chief executive of the China-Britain Business Council. A business forum will be held, followed by lunch on Saturday before the group departs the country. “I think... https://www.scmp.com/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341866/uk-pm-starmer-leaves-china-what-did-he-achieve-and-what-next-sino-british-ties?utm_source=rss_feed Fri, 30 Jan 2026 12:02:36 +0000 Kandy Wong,Alice Li Kandy Wong,Alice Li China’s youth unemployment rate fell slightly in December for the fourth consecutive month, though competition for jobs remains intense as policymakers confront deflationary pressures and a labour market marked by a growing mismatch between skills and vacancies. The jobless rate for those aged 16 to 24, excluding students, fell to 16.5 per cent last month from 16.9 per cent in November, according to data released by the National Bureau of Statistics on Thursday. That figure has eased since... https://www.scmp.com/economy/china-economy/article/3340807/chinas-youth-unemployment-rate-falls-slightly-december-beijing-pledges-more-support?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3340807/chinas-youth-unemployment-rate-falls-slightly-december-beijing-pledges-more-support?utm_source=rss_feed Thu, 22 Jan 2026 07:09:20 +0000 Xinyi Wu Xinyi Wu Chinese authorities have signalled a new wave of measures to bolster domestic demand and hi-tech industries in the coming year, as Beijing seeks to rebalance growth and shore up momentum during its next five-year plan. On Tuesday, China’s top economic planner announced initiatives to boost consumption and technology investments, while the finance ministry unveiled programmes offering financial support to individuals and small businesses, following mixed economic data for 2025 released the day... https://www.scmp.com/economy/china-economy/article/3340573/china-targets-hi-tech-industries-domestic-demand-2026-new-policy-package?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3340573/china-targets-hi-tech-industries-domestic-demand-2026-new-policy-package?utm_source=rss_feed Tue, 20 Jan 2026 11:00:42 +0000 Zhu Wenqian Zhu Wenqian Alex Chen – a Beijing office worker in his late 30s – used to buy his trainers the way plenty of Chinese millennials did: by the swoosh, the stripes and the logo. As a teenager, he would hunt down Nike and Adidas basketball shoes, pulled in as much by the mythology as the materials. These days, he said, he shops differently. “I have always been a huge basketball fan of Michael Jordan and Kobe Bryant,” he said. “Back then, I would specifically seek out Nike and Adidas basketball shoes – wearing a... https://www.scmp.com/business/china-business/article/3337213/swoosh-local-nike-loses-ground-china-domestic-rivals-start-sprint?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337213/swoosh-local-nike-loses-ground-china-domestic-rivals-start-sprint?utm_source=rss_feed Mon, 22 Dec 2025 00:30:11 +0000 Ji Siqi Ji Siqi As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, and what to expect in the coming iteration, such as how it could help alleviate local-level financial woes. For more entries in this ongoing series, click here. In late March, an announcement by the central Hubei province sent a shiver down the... https://www.scmp.com/economy/china-economy/article/3326531/chinas-local-governments-urgently-need-cash-can-5-year-plan-find-it?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3326531/chinas-local-governments-urgently-need-cash-can-5-year-plan-find-it?utm_source=rss_feed Tue, 23 Sep 2025 22:00:10 +0000 Sylvia Ma Sylvia Ma China’s central bank and finance ministry have discussed creating a better mechanism for issuing sovereign debt overseas, as Beijing eyes a greater global role for the yuan amid wavering confidence in the US dollar. Beijing has been upping efforts to increase the use of its currency in international markets in recent months, as trading in US dollar assets becomes increasingly volatile amid President Donald Trump’s tariff blitz, aggressive spending plans, and attempts to interfere in the workings... https://www.scmp.com/economy/china-economy/article/3324341/china-eyes-honing-its-bond-issuance-mechanism-boost-yuans-global-role?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3324341/china-eyes-honing-its-bond-issuance-mechanism-boost-yuans-global-role?utm_source=rss_feed Thu, 04 Sep 2025 11:00:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China unveiled new consumer-credit subsidies in a bid to boost domestic consumption as the first drop in new bank loans in 20 years compounded concerns about the pace of economic growth and deflation. The government will cover up to one percentage point of the annual interest rate for consumer loans taken out for single transactions of up to 50,000 yuan (US$6,958), according to a plan released on Tuesday. Larger purchases will be subsidised in key sectors including cars, childbirth support,... https://www.scmp.com/plus/article/3321864/china-prods-consumers-again-20-year-first-fans-slowdown-fears?utm_source=rss_feed https://www.scmp.com/plus/article/3321864/china-prods-consumers-again-20-year-first-fans-slowdown-fears?utm_source=rss_feed Thu, 14 Aug 2025 09:00:10 +0000 Luna Sun Luna Sun Jing Qian heads the Asia Society’s Center for China Analysis, which he also co-founded with former Australian prime minister Kevin Rudd. His own research focuses on China’s elite politics and its impact on domestic and foreign policy, particularly US-China relations. In this interview, he assesses the extended US-China trade war truce, the possibility of a presidential summit and the challenges facing China’s economy. Jing also took part in an Open Questions in February. SCMP Plus readers get... https://www.scmp.com/plus/article/3321804/trump-xi-summit-would-be-political-theatre-jing-says?utm_source=rss_feed https://www.scmp.com/plus/article/3321804/trump-xi-summit-would-be-political-theatre-jing-says?utm_source=rss_feed Thu, 14 Aug 2025 06:00:15 +0000