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China
The latest news, analysis and opinion on China. In-depth analysis, industry insights and expert opinion.
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Beijing
Head of State
President Xi Jinping
Head of Government
General Secretary Xi Jinping
Hong Kong held an AI and Robotics Fest last November. Photo: Karma Lo
Hong Kong budget 2026-27

Hong Kong to set up first national innovation centre outside mainland China

Finance chief Paul Chan says city will also establish a high-level steering committee to spearhead AI development.

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Hong Kong budget 2026-27

Hong Kong bets big on innovation, AI and finance in line with national goals

China-Middle East relations

Is China flexing its intelligence muscle by tracking US military moves near Iran?

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Hong Kong budget 2026-27

Hong Kong boosts investment body’s role in property sector, tech investment drive

Hong Kong Investment Corporation aims to draw overseas funds into commercial property projects, while advancing open-source RISC-V chip initiatives.

Financial secretary Paul Chan has expanded the Hong Kong Investment Corporation’s role in commercial property. Photo: Jelly Tse
Science

Suicide lawsuit against China-born scientist Jane Wu’s US university to proceed

County judge says the family’s key claims are strong enough for the case to continue.

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Middle East

Opinion | How Saudi diplomacy is thwarting Trump’s desire for war with Iran

China helped broker a detente between Riyadh and Tehran in 2023, which has no doubt factored into Saudi Arabia’s stance on US-Iran tensions.

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Hong Kong budget 2026-27

Hong Kong seeks to hone edge as offshore yuan hub, digital-asset front runner

Market participants largely welcome Paul Chan’s renewed push to strengthen Hong Kong’s position as an international financial centre.

Hong Kong’s renewed push to strengthen its position as an international financial centre has been welcomed. Photo: Felix Wong
ByteDance

ByteDance valuation said to hit record US$550 billion in proposed equity sale

Pending sale by US private equity firm General Atlantic shows ByteDance’s valuation has surged from US$400 billion as recently as mid-2025.

China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

Hong Kong budget 2026-27

Paul Chan’s new budget sets aside HK$30 billion to kick-start Northern Metropolis

Companies overseeing megaproject’s Hetao Hong Kong Park, San Tin Technopole and Hung Shui Kiu Industrial Park to each get HK$10 billion.

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The Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone is among projects set to get a funding injection. Photo: Eugene Lee
Hong Kong budget 2026-27

Hong Kong to speed up stock settlement time to catch up with West, mainland China

HKEX proposes to shorten stock settlement cycle from current two days after transactions to one day to bolster city as global financial centre.

Financial Secretary Paul Chan has said the HKEX will introduce more listing reforms to provide specific guidelines for overseas companies seeking secondary listings in Hong Kong, Photo: AP
Artificial intelligence

China’s MiniMax, Moonshot top AI token use ranking, ending year of US dominance

AI hosting platform OpenRouter’s latest ranking shows high demand for Chinese open-source models following a series of new releases.

South China Sea

Can China and Philippines ‘swap disputes with cooperation’ in disputed waters?

Senator says the two sides might start joint patrols in the South China Sea by the end of next month.

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Hong Kong property

Hong Kong’s home prices reach 19-month high as rise gathers pace

‘We expect Hong Kong’s residential market in 2026 to remain resilient and positive,’ CBRE’s Hannah Jeong says.

A general view of the residential area in Cheung Sha Wan. Photo: Eugene Lee
China-Germany relations

Xi and Merz pledge to strengthen ties as they rebalance amid ‘turbulent’ times

After meeting Chinese leader, German chancellor calls for closer trade relations to unlock opportunities and drive economic prosperity.

Chinese President Xi Jinping (right) welcomes German Chancellor Friedrich Merz in Beijing on Wednesday. Photo: dpa
China manufacturing

A boat in every dock? Chinese billionaire unveils plan for mass yacht production

JD.com founder Richard Liu has launched a nautical brand with a massive investment in yacht production, aiming to make ownership affordable.

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China property

Shanghai eases residency requirements for homebuyers to spark property recovery

Non-residents with three years of social security contributions or individual income taxes will be allowed to buy a second home in the city.

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US-China relations

Trump touts US ‘golden age’, avoids direct mention of China before Beijing trip

In nearly two-hour State of the Union speech, American leader focuses on economic strength and global leadership ahead of midterm elections.

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US President Donald Trump delivers the first State of the Union address of his second term to a joint session of Congress in the US Capitol in Washington on Tuesday. Photo: EPA
India

Trade and diplomatic reset top the agenda for Canadian PM’s India visit

Both sides are set to boost trade links and repair ties further following a fallout over the 2023 killing of a Sikh separatist, analysts say.

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Hong Kong budget 2026-27

‘Steady as she goes’ as Hong Kong bids farewell to deficits

Financial Secretary Paul Chan pledges caution as he presents budget aimed at stoking growth and innovation.

China consumption

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

Global monetary body calls on Beijing to roll out more forceful fiscal stimulus to bolster domestic demand amid record trade surplus.

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Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua
China economy

Opinion | How ‘little giants’ help China defend its manufacturing dominance

Support for ‘little giants’ and other specialised SMEs remains a vital part of the long-term strategy to bolster China’s global manufacturing.

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A robot by ‘little giant’ tech firm Unitree Robotics dancing at the TechShare booth during the International Robot Exhibition 2025 (iREX2025) in Tokyo, Japan, on December 3. Photo: EPA
Yuan

China’s yuan strengthens to near 3-year high as US dollar uncertainty grows

The offshore currency continues to appreciate, with official fixing also hitting its strongest level since May 2023.

Hong Kong stock market

World’s biggest companies return US$2 trillion to shareholders in dividends

Financial and technology firms powered a 7 per cent rise in global payouts, with 30 markets logging record dividend payments last year.

South Korea

South Korea axes visa barriers for Indonesians in 30 million visitor drive

Citizens of China and Southeast Asian nations who have previously visited the country can apply for multiple-entry visas of up to 10 years.

Filipino tourists pose for a photo in front of Hongje Falls in the Seodaemun district on February 9. Photo: The Korea Times
SCMP Highlights

EU’s tech ban; China’s mysterious Nantianmen project: 7 science highlights

From a leading biologist leaving US for China to a semiconductor breakthrough, here are some highlights from SCMP’s recent science reporting.

The EU has barred most organisations based in China from applying for its Horizon Europe grants in “critical areas”. Image: Shutterstock
Artificial intelligence

Xiaomi deepens push into chips and AI as peers race to develop humanoid robotics

Xiaomi bets big on core technologies, including operating systems, to position itself as a deep-tech player amid China’s self-reliance push.

South Korea

South Korea’s Lee uses AI to honour shared factory worker past with Brazil’s Lula

The gesture accompanied Lula’s state visit to Seoul, where the two leaders agreed to strengthen bilateral ties.

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