https://www.scmp.com/rss/522915/feed The latest news and top stories on Wang Yiming, a Chinese economist. He serves as a central bank adviser and is the Vice-Chairman of the China Center for International Economic Exchanges. Formerly, he was Vice President of the Development Research Center of the State Council. With a PhD in Economics, his expertise lies in macroeconomic policy, development strategy and planning. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Kandy Wong Kandy Wong With the US-Israel war on Iran entering its third week, the world faces the risk of a more severe oil shock as military strikes expand to major energy infrastructure, heightening fears of a prolonged conflict. In this explainer, the South China Morning Post examines the latest developments and factors driving oil price volatility and assesses the potential impact on the global economy. Energy infrastructure: what is the latest? An Israeli air strike hit energy facilities on Wednesday at Iran’s... https://www.scmp.com/economy/global-economy/article/3347193/if-iran-war-takes-oil-above-us120-barrel-how-bad-could-shock-get?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3347193/if-iran-war-takes-oil-above-us120-barrel-how-bad-could-shock-get?utm_source=rss_feed Thu, 19 Mar 2026 12:00:13 +0000 Xinyi Wu Xinyi Wu As dwindling domestic profits push more Chinese firms onto the global stage, industry titans – forerunners who know what such a shift entails – are offering crucial advice for navigating challenges abroad. “The most important thing is to become a local company,” said Zhu Lei, chief marketing officer for air conditioner giant Gree Electric Appliances, which was among the first Chinese companies to enter the Latin American market. The advice comes as Chinese firms are expected to ramp up their... https://www.scmp.com/economy/global-economy/article/3341852/new-rules-expansion-chinese-firms-urged-go-local-they-chase-sales-abroad?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341852/new-rules-expansion-chinese-firms-urged-go-local-they-chase-sales-abroad?utm_source=rss_feed Sun, 01 Feb 2026 13:00:12 +0000 Ben Jiang,Coco Feng Ben Jiang,Coco Feng China’s review of Meta Platforms’ acquisition of artificial intelligence agent start-up Manus signals Beijing’s intent to more tightly police foreign involvement in sensitive technologies developed by Chinese entrepreneurs, as more founders move operations overseas to sidestep geopolitical scrutiny, analysts say. The Ministry of Commerce said on Thursday that it would work with other Chinese regulators to assess whether the acquisition complied with the country’s export controls and technology... https://www.scmp.com/tech/big-tech/article/3339335/review-meta-manus-deal-underlines-chinas-tightening-grip-ai-exports?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3339335/review-meta-manus-deal-underlines-chinas-tightening-grip-ai-exports?utm_source=rss_feed Sat, 10 Jan 2026 04:00:24 +0000 Carol Yang Carol Yang China cannot merely chase the technological frontier – it must seize ownership of it, a prominent economist has warned, urging Beijing to accelerate basic research and master core technologies to gain leverage against Washington’s targeted restrictions. “China can no longer play follower. The US won’t let it,” said Wang Yiming, vice-chairman of the China Centre for International Economic Exchanges, a Beijing-based governmental think tank, noting that the United States’ “small yard, high fence”... https://www.scmp.com/economy/global-economy/article/3338116/chinas-lagging-basic-research-demands-core-tech-pivot-us-curbs-bite-economic-adviser?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3338116/chinas-lagging-basic-research-demands-core-tech-pivot-us-curbs-bite-economic-adviser?utm_source=rss_feed Tue, 30 Dec 2025 07:00:07 +0000 Zhang Tong Zhang Tong The odds seemed impossible: a shoestring Chinese start-up founded in 2023 with just 1 million yuan (US$142,000) taking on Elon Musk – tech legend, disrupter in space and CEO of Tesla – who is valued at half a trillion dollars. But in less than two years, EngineAI Robotics, led by CEO Zhao Tongyang, created the T800 – a robot that delivers Bruce Lee-style roundhouse kicks with the force of a small car – and, under the instruction of smiling engineers and scientists, tried it first on the boss... https://www.scmp.com/news/china/science/article/3336182/how-chinas-us150000-robotic-start-beat-tesla-boss-elon-musk-2-years?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3336182/how-chinas-us150000-robotic-start-beat-tesla-boss-elon-musk-2-years?utm_source=rss_feed Sun, 14 Dec 2025 14:00:09 +0000 Sylvia Ma Sylvia Ma Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,... https://www.scmp.com/economy/china-economy/article/3329776/foreign-banks-raise-china-gdp-forecast-goldman-sachs-says-annual-target-largely-track?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3329776/foreign-banks-raise-china-gdp-forecast-goldman-sachs-says-annual-target-largely-track?utm_source=rss_feed Tue, 21 Oct 2025 08:01:45 +0000 Ji Siqi Ji Siqi Chinese scholars warn that Argentina will be the biggest loser if it cuts ties with China to align itself with the United States, as Washington pressures Buenos Aires to dismantle its long-standing currency swap line with Beijing. The US pledged last week to do “what is needed” to aid its ally, including providing a US$20 billion swap line with Argentina’s central bank to stabilise the peso and bolster its reserves. But the offer came with a condition: cancelling Argentina’s arrangement with... https://www.scmp.com/economy/global-economy/article/3327641/trump-targets-china-us20-billion-argentina-bailout-offer-analysts-fear-debt-trap?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3327641/trump-targets-china-us20-billion-argentina-bailout-offer-analysts-fear-debt-trap?utm_source=rss_feed Thu, 02 Oct 2025 15:00:10 +0000 Alice Li Alice Li With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government guidance that balances regulatory oversight with innovation and a push for new growth drivers. Wang Yiming, a central bank adviser, said “quick commerce” – involving the rapid delivery of food and essential goods, often within 30 minutes – creates new opportunities for consumption, which could be vital for long-term growth. He urged officials to guide... https://www.scmp.com/economy/china-economy/article/3321478/china-urged-curb-excessive-cash-burn-not-competition-fight-neijuan?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3321478/china-urged-curb-excessive-cash-burn-not-competition-fight-neijuan?utm_source=rss_feed Tue, 12 Aug 2025 02:00:09 +0000 Sylvia Ma Sylvia Ma Having gone five years without a raise, and now facing increased odds of being laid off, a 36-year-old accountant in the southwestern Chinese city of Chengdu is among those feeling a disconnect between robust headline economic figures and the day-to-day reality. Justin Li has been struggling to make ends meet since the onset of the pandemic. Since then, his monthly salary of 7,000 yuan (US$975) has not changed. And now, as his company undergoes a round of lay-offs, his dream of buying a home... https://www.scmp.com/economy/china-economy/article/3319025/can-china-pass-ground-tests-ace-its-economic-report-card-2025s-second-half?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3319025/can-china-pass-ground-tests-ace-its-economic-report-card-2025s-second-half?utm_source=rss_feed Mon, 21 Jul 2025 22:00:09 +0000 Alice Li,Ji Siqi Alice Li,Ji Siqi China will continue to “scientifically” plan and build megaprojects while maintaining its “investment intensity” over the next five years, officials said – even as Beijing seeks to shift to a more consumption-driven growth model. “To further drive economic development and improve people’s livelihoods, it is essential to maintain a certain scale of investment,” said Li Chunlin, vice-chairman of the National Development and Reform Commission (NDRC), the country’s top economic planner, at a press... https://www.scmp.com/economy/china-economy/article/3317569/china-pledges-build-megaprojects-despite-pivot-domestic-consumption?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3317569/china-pledges-build-megaprojects-despite-pivot-domestic-consumption?utm_source=rss_feed Wed, 09 Jul 2025 13:00:10 +0000