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Trade
News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.
China has been promoting its own cross-border payment system as it seeks to hedge against potential weaponisation of the US financial system. Photo: AFP
Banking & finance

How China opened the door to creating a direct rival to US payment systems

Beijing has removed several key restrictions on its payment system, allowing it to expand beyond yuan settlements, economist says.

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US-China trade war

Fears grow over US drug supply’s growing dependence on Chinese ingredients

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Asean

Opinion | Tariffs grab headlines, but non-tariff barriers decide winners in Asean

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Hong Kong stock market

China-based Cosco Shipping Ports expects ‘limited’ impact from Iran conflict

Unit of Cosco Shipping reports 1.1 per cent profit increase on 6.2 per cent rise in throughput in 2025.

An automated container handler moves a Cosco shipping container at the Long Beach Container Terminal at the Port of Long Beach in California on January 14, 2026. Photo: AFP
China manufacturing

China to help Cuba with solar energy amid US oil blockade and total power outage

Beijing will ‘intensify its support’ to Havana after around 10.9 million people were left without power amid an ongoing energy crisis.

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Asean

New US trade offensive threatens to test Asean ties

The trade probes may compel Southeast Asia to continue diversifying away from the US, with analysts predicting recent deals could unravel.

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China-India relations

Opinion | India’s reopening to Chinese investment reflects strategic pragmatism

Concerns about signalling weakness misread India’s careful policy design. Foreign investment rules have not been abolished, only recalibrated.

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Prime Minister Narendra Modi has “Make in India” ambitions for the country. Allowing cautious Chinese investment would enable Indian companies to localise supply chains rather than remain dependent on imports. Photo: AFP
US-China relations

Editorial | China policy to stay on course despite delay to Xi-Trump summit

Although Trump is on the back foot and China may have the advantage, this will not affect Beijing’s consistent approach in dealing with the US.

US-China relations

Trump confirms delay of Xi meeting in Beijing as China ‘maintains communication’

Citing Iran, US president pushes back highly anticipated summit at least ‘five or six weeks’ while top diplomat Wang Yi indicates ceasefire efforts.

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2026 Trump-Xi summit

Trump-Xi summit delay may suit China amid Iran war

Postponing Trump’s visit to Beijing could help avoid potential embarrassments linked to the Iran war and give more time to reach agreements.

Photo: AP
Malaysia

Fate of US-Malaysia trade pact rests on Washington’s next move

The US$240 billion deal isn’t ‘null and void’ yet, says the trade minister, as Malaysia waits for Washington to submit updated terms.

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Malaysia’s Minister of Investment, Trade and Industry Johari Abdul Ghani. Photo: Facebook/joharighaniofficial
Xi Jinping

Video | Trump says China visit may be delayed

US president’s trip, expected to start late March, may be postponed as he weighs staying in Washington amid war priorities.

US-China relations

China ‘in communication’ with US after Trump seeks to delay trip by a month

Neither US president nor China’s foreign ministry can confirm timing of trip after Trump says he wants a delay ‘because of the war’.

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China-Latin America relations

China wants Brazil’s biggest port terminal. Washington just said no

US consul-general Kevin Murakami told port executives the Santos megadeal should not fall into ‘unwanted hands’.

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Tecon Santos 10, a planned 621,000-square-metre container terminal in Brazil’s port city of Santos, is expected to boost the country’s capacity by 3.25 million TEUs under a 25-year concession. Photo: Reuters
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
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 trade

Papers please: China raises pressure on Panama with ship inspection wave

Intensified inspections for Panama-flagged vessels – among the world’s most common registrations – retaliation for canal port seizure, source says.

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China trade

Strait of Hormuz marks first full day’s pause as no ships cross amid Iran war

Transits fell to zero on Saturday but vessels have clustered outside corridor, signalling expectations of reopening, analytics firm says.

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A man walks along the shore as oil tankers and cargo ships line up in the Strait of Hormuz, as seen from Khor Fakkan, the United Arab Emirates, on March 11, 2026. Photo: AP
Malaysia

Deal or no deal? Malaysia-US trade pact in turmoil after minister ‘misspeaks’

First, a minister called the deal dead. Then his ministry backtracked. Now the opposition is demanding answers.

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China-Africa relations

China’s supply chain meets the wall of African resource nationalism

As resource-rich nations introduce export bans and other limits, analyst says investment may not automatically follow.

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Asean

Can Asean break free from US-China supply chain grip?

The bloc will look for new markets and deepen regional cooperation to reduce trade uncertainty, economic ministers say.

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Regional ministers pose for a group photo during the Asean Economic Ministers’ Retreat in Manila on Friday. Photo: EPA
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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The Chinese delegation arrives in Paris for trade talks with the United States on Sunday. The first meeting between the world’s two biggest economies proved to be a low-key affair. Photo: EPA
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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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.

Iran

Why the Iran war marks a turning point for Gulf-Asia trade

The closure of the Middle East’s important straits – Hormuz and Bab el-Mandeb – is forcing Gulf and Asian nations to explore other options.

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Oil tanker trucks stand parked near an oil storage terminal in Karachi on Thursday as global energy markets face disruptions amid ongoing conflict in the Middle East. Photo: AFP
Thailand

Inside the coconut cartel: how Chinese money squeezes Thai farmers

With Chinese investors seizing the supply chain, Thai coconuts now fetch less than a piece of chewing gum, wiping out profits for growers.

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Thai coconut farmer Lamduan Haochareon. Photo: Aidan Jones
War and conflict

Opinion | US attack on IRIS Dena shows that wars know no borders

The sinking of an Iranian naval frigate off Sri Lanka’s coast is a grim reminder of how easily conflicts can spill into unexpected places.

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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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