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China’s crackdowns

China’s crackdowns
Beijing has launched wide-ranging regulatory crackdowns in sectors such as technology, education and entertainment.
Residential buildings under construction in the Kangbashi district of the town of Ordos, south of the city of Dongsheng in China’s Inner Mongolia autonomous region. Photo: Reuters
China's economic recovery

‘Progress’: China’s campaign to ease local government debt scores first big win

Local authorities turned to heavy borrowing after the 2008 financial crisis, forcing Beijing to take action.

China trade

China toughens import rules on Vietnamese durians after detecting health risks

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China trade

China steps up to protect trade war edge as rare earth smugglers get creative

China consumption

Involution to evolution? China urged to spur new demand, innovation-led growth

To turn excessive competition into a positive, analysts say Beijing needs to focus on demand-side solutions.

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Liu Lijie, a food delivery rider from Ele.me eats his meal at Yushiji restaurant in Beijing on March 18, 2025. Photo: AP
China's economic recovery

Explainer | Why China’s fight against cutthroat competition is different this time

Private firms, weaker growth and limited fiscal space will make it difficult for Beijing to rein in ‘neijuan’, analysts say.

China consumption

Why China’s luxury hotels are selling street food to survive

High-end hotels ditch banquets for fried rice amid weak consumption and tighter controls on lavish official spending.

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China-EU relations

EU urges China for rare earth access amid US tariffs, growing supply worries

European officials demand action to reduce dependency – but analysts warn more time needed to implement strategy.

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EU and Chinese flags on March 20, 2025. Illustration: Reuters/Dado Ruvic
US-China trade war

US ‘remains dependent’: why China’s rare earth dominance is far from over

Beijing’s long-term strategy pays off as Washington scrambles to respond, a new report finds.

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US-China trade war

Rare earth dominance: why China still holds the cards despite global pushback

From Ukraine to Kazakhstan, new investments target Beijing’s grip on critical minerals – but analysts warn it could still lead for years.

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China society

My Take | Is China a just society? Economic woes erode public perception of fairness

The case of Chinese actress Nashi, who was found to have used subterfuge to get ahead in her studies, touched a raw nerve on the mainland.

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Posters of Chinese actress Nashi are ripped from a mainland store’s window amid the controversy over the fraud she committed to get ahead in her studies. Photo: SCMP
Cryptocurrency

China’s internet watchdog cracks down on false financial claims, stock touting

Top cybersecurity agency shuts down more than a dozen social media accounts amid growing concerns over finance influencers.

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An electronic board shows Shanghai and Shenzhen stock indices as people cross a pedestrian bridge in Shanghai on April 3. China’s top internet watchdog is targeting social media accounts that spread false information about the capital markets. Photo: Reuters
US-China trade war

China targets smugglers to strengthen export controls on critical minerals

Beijing wants to tighten restrictions on illegal transshipments through third countries – a risk that companies could exploit, analyst says.

China’s Communist Party

China extends anti-corruption rules to village chiefs and grass-roots officials

19,000 village officials have been investigated in first quarter of this year, according to Central Commission for Discipline Inspection.

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IPO

Chinese tech companies eye US listings amid market turmoil, trade war

Beijing Smart Walnut Education Technology, Shenzhen Cloudsky Technologies, Zaihui and Zhonghe Group among firms considering IPOs in the US.

The facade of the New York Stock Exchange Building. The US market’s high liquidity is a lure for Chinese companies. Photo: Shutterstock
China’s economic stimulus

China mends fences with big tech in consumption, employment push

Beijing is increasingly praising the tech sector as a driver of jobs and economic growth, but platforms may still be closely supervised.

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Beijing is increasingly praising tech platforms for their ability to create jobs, in a sign of the government’s shifting attitude towards the sector. Photo: Simon Song
Banking & finance

Stop ‘flaunting wealth’, Chinese bankers told in new guidelines

The draft rules will penalise securities firms if their staff indulge in ‘excessive luxury’, but reward them for spreading ‘positive messages’ in the media.

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China’s economic stimulus

Signs of relief for AstraZeneca as China courts foreign investors

Beijing appears to be extending an olive branch to the previously under-fire drug maker as it tries to shore up private sector confidence.

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IPO

Chinese spatial design firm Manycore Tech files for IPO in Hong Kong

Manycore and DeepSeek are part of a group of start-ups, called ‘Six Little Dragons’, that have bolstered the tech-hub status of Hangzhou.

Hangzhou-based Manycore Tech operates the world’s largest spatial design platform. Photo: Shutterstock
Corruption in China

Chinese defence industry exec Liu Weidong under investigation for corruption

CSGC deputy general manager named by anti-corruption watchdog just days after restructuring discussions announced.

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Banking & finance

Salary caps spread in China’s finance sector amid ‘common prosperity’ drive

Some state-backed securities firms have already implemented annual pay caps for senior executives – and large banks, insurance firms and stock exchanges are next.

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China economy

China’s powerhouse province renews ‘common prosperity’ pledge for 2035

Political mission to narrow China’s wealth divide, thought to have fallen out of favour, makes appearance in Zhejiang’s long-term plans.

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Zhejiang province in eastern China has one of the country’s most affluent countrysides, presenting an exception to the national rural-urban divide. Photo: Xinhua
Trending in China

Speculation over China actress Zhao Wei’s divorce from debt-ridden husband

Online fans puzzled at timing of move by blacklisted actress dubbed ‘national Goddess’ to distance herself from ex-husband.

Speculation is mounting over why famous Chinese actress Zhao Wei has moved to distance herself from her debt-ridden husband. Photo: SCMP composite/QQ.com/Weibo
China’s Communist Party

2 more Chinese generals fall in anti-corruption campaign in military

NPC Standing Committee announces Lieutenant General You Haitao and Vice-Admiral Li Pengcheng removed from China’s top legislature.

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China economy

Opinion | Why China will struggle to boost consumption

A system which emphasises stability and control will face challenges in uncovering the DNA of the Chinese consumer.

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China’s Communist Party

China investigates head of Shanghai’s free-trade zone for corruption

Zhu Zhisong, Communist Party chief of Pudong New Area, is among a number of aerospace veterans under a cloud.

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The party chief of Shanghai’s Pudong New Area, Zhu Zhisong, has been placed under investigation on suspicion of corruption. Photo: Weibo/侠客岛
E-commerce

China’s tax man is coming for live-streamers who evade taxes

Huge fines are being imposed on high-profile internet celebrities and streaming hosts, as state authority says they must set a positive example for fans.

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China’s highest tax authority is on a mission to ensure that internet streamers pay their fair share of taxes. Photo: Getty Images
China economy

My Take | Unusual draft law signals China’s resolve to protect private economy

The draft private-economy protection law contains clauses targeting ‘long-range fishing’ and other problematic practices by local officials.

China's economic recovery

China curbs ‘excessive’ law enforcement in quest to quell private sector doubts

Law enforcement practices that have raised the hackles of private businesses in China coming under fire from top officials.

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