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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
The Prospect Lithium Zimbabwe plant in Goromonzi, Zimbabwe, is run by China’s Zhejiang Huayou Cobalt. Photo: EPA-EFE
Chinese offshore investment

China’s multibillion-dollar minerals investment lifts foreign economies: report

Country has invested more than US$120 billion in overseas mining and mineral processing projects since 2023, study says.

Artificial intelligence

Tencent makes OpenClaw-based tool available as WeChat mini-program

China’s C919 passenger plane

China fine-tunes C909 jet operations in Laos – a blueprint for Southeast Asia?

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China-Russia relations

China, Russia look to boost transport links amid Middle East disruption

Increased use of Arctic shipping route among topics covered at inaugural China-Russia Logistics Business Forum.

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An oil tanker navigates through young Arctic sea ice. Photo: Shutterstock Images
US-China relations

With Trump’s China trip in limbo, further trade talks loom: analysts

As the US president cites the Iran war for his delay and Paris talks see only minor progress, experts said more negotiations were likely.

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China energy security

Unlimited petrol? Chinese firm claims it can produce fuel from air and water

The start-up plans to build ‘large-scale’ facilities to convert carbon dioxide into synthetic fuel, though some question its commercial feasibility.

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Mainland China

Video | Chinese brands carve out place in snow gear market

Growing number of Chinese ski resorts are turning to local snow equipment as the nation’s ‘ice and snow’ economy develops.

This picture taken on March 12, 2026 shows an employee walking past snowboards at a Lidakis’s exhibition room in Zhangjiakou, in China’s northern Hebei province. China’s snow-related equipment sales have surged almost fourfold since 2015, but interest has levelled off since the Beijing Winter Olympic Games in 2022 and a post-Covid boom. (Photo by WANG Zhao / AFP) / TO GO WITH AFP STORY: China-ski-olympics-leisure, FOCUS by Sam DAVIES
Two Sessions 2026

Opinion | China is re-engineering its economy for a more complex world

Beijing wants to shape a new growth model capable of meeting the challenges of an ageing population, technological competition and geopolitical uncertainty.

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China energy security

China doubles down on hydrogen as war on Iran fuels global oil instability

Initiative to expand industrial hydrogen use and lower the renewable fuel’s price dovetails with Beijing’s energy security strategy amid oil crisis.

US-China relations

Beijing on Iran war, Trump trade plan, new AI arena: 7 US-China relations reads

From a new US maritime strategy to the Iran crisis, here are highlights from SCMP’s overseas correspondents in the first half of March 2026.

Plumes of smoke rise over Tehran, Iran, on March 1. Photo: Mowj/Middle East Images/AFP via Getty Images/TNS
Robotics

China’s industrial robot output accelerates as factories ramp up deployment

Output of industrial robots jumps 31 per cent in year’s first two months, while production of service robots rises 1 per cent in same period.

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A robot carries a tray of food at the China Mobile booth during MWC Barcelona earlier this month. Photo: AFP
Electric & new energy vehicles

Leapmotor’s Stellantis tie-up pays off as EV exports jump nearly 400% last year

The Hangzhou-based carmaker exported 67,052 units in 2025, up from 13,726 in 2024, according to an exchange filing.

US-China trade war

China and the US end trade talks in Paris as doubts form over Trump visit

The two sides held deep, frank and constructive consultations, China’s top international negotiator says.

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China consumption

How record F1 crowds are accelerating Shanghai’s bid to be a global sports hub

Setting a near 20-year attendance record, this year’s race strengthened the city’s case as global event venue – and China’s efforts to spur consumption.

Ferrari’s British driver Lewis Hamilton greets his supporters prior to the Formula One Chinese Grand Prix at the Shanghai International Circuit. Photo: AFP
Mainland China

Guess says it will shut all mainland China stores amid retail rethink

US fashion brand tells customers it will close all mainland China stores by end of March as analysts cite weak localisation, strategy gaps.

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A Guess outlet in Nanjing, Jiangsu province, China. After two decades, the fashion outlet says it is calling it quits in mainland China. Photo: Getty Images
China GDP

China’s economy starts 2026 strongly as retail sales, investment rise

Before the Iran energy crisis and latest round of China-US trade talks, retail spending grew 2.8 per cent while fixed-asset investment increased 1.8 per cent.

US-China trade war

China and US trade talks off to a low-key start after first meeting in Paris

Discussions expected to focus on trade, investment and rare earths ahead of crucial Xi-Trump summit later this month in Beijing.

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US-China relations

Opinion | 3 realities shaping China-US tech competition

Beijing’s policy priorities point to a more intense, multidimensional contest, with a smaller but still meaningful space for cooperation.

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Illustration: Craig Stephens
Electric & new energy vehicles

Chinese carmakers step up global expansion using idled foreign facilities

Great Wall Motors, Geely and other Chinese carmakers are using an asset-light strategy to accelerate their growth overseas.

US-China trade war

China and US begin fresh round of trade talks in Paris

Discussions expected to focus on trade, investment and rare earths ahead of US President Donald Trump’s visit to China later this month.

China consumption

Chinese bubble tea chain Mixue straps in for theme park project

World’s largest food-service chain is looking to monetise its Snow King mascot and give a boost to hometown economy.

Mixue’s Snow King mascot strikes a gong during the company’s listing ceremony at the Hong Kong Stock Exchange in March last year. Photo: Reuters
Hong Kong economy

Opinion | Hong Kong can play vital part in boosting crucial China-India relations

India is a vibrant, emerging and complex power with much to offer the city and China as a whole.

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Illustration: Craig Stephens
US-China trade war

US-China trade talks: what to expect as senior officials meet in Paris

Both sides have short-term incentives to maintain their ‘trade truce’ so they can focus on dealing with domestic issues, analysts say.

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US-China trade war

Trade talks, ‘raising lobsters’, tech earnings

This week: US-China trade negotiators ready for talks in Paris, AI agent OpenClaw sweeps China, the ‘two sessions’ ends and exports surge. Next week: Tencent and Alibaba post earnings, retail sales leads data rush, Japan’s Takaichi visits the White House and more.

China's population

Can AI help China cushion economic fallout from its rapidly ageing population?

As fertility rates fall, Asian economies face a daunting challenge – sustaining growth with fewer workers.

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A robot serving food and drinks on the China Mobile stand, taken on March 3 in Barcelona during the Mobile World Congress, the world’s biggest mobile technology showcase and fair. Photo: AFP
Chow Tai Fook

Bling it on: Chow Tai Fook’s US$115,000 gold AirPods case sparks online buzz

Gold gadgets and hair clips ignite discussion online as the jeweller looks to the ultra-rich to set the gold standard for luxury spending.

Chow Tai Fook’s diamond-studded gold AirPods case is priced at 788,800 yuan. Photo: Handout
Electric & new energy vehicles

Tesla’s 91% February sales jump in China defies overall market slowdown

The US carmaker’s Shanghai Gigafactory delivered nearly 58,600 vehicles last month, with the Model Y topping the sales chart.

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Two Sessions 2026

China’s central-local fiscal flows should be parent-child relationship: adviser

‘Central finance is like a father … while local governments are like children,’ tax policy expert says, affirming support for revenue-sharing reforms.

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