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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.
A worker checks the appearance of glass at a factory of glass manufacturer Fuyao in Dayton, Ohio. Photo: Xinhua
China manufacturing

Billionaire behind ‘American Factory’ firm warns of US exit amid trade friction

Fuyao Glass, a major supplier to Ford, GM and BMW in the US, employs thousands across the states of Ohio, Illinois and South Carolina.

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China exports

Flood of small parcels from China pushes Belgian airport to limit

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Artificial intelligence

Prognosis positive: how AI could help China bridge the medical resources gap

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Banking & finance

Default in our stars: China banks use satellites to track assets, cut loan risks

Analysts say orbital monitoring of sites, property and other assets provides vital data on borrowers.

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Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets. Photo: Shutterstock
Mainland China

Opinion | Why Beijing is going all in on tokens – and what it really wants

Export of tokens not only embeds China’s energy advantage into global AI systems, it pulls the value chain deeper into the country’s interior.

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China technology

As DJI duels Insta360, China sharpens global hardware edge amid US scrutiny

Western competitors like GoPro face shrinking footprints as strategic shifts of Chinese firms disrupt the status quo while navigating FCC-led national security bans.

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Banking & finance

Beijing ramps up tax crackdown, frames consumption levies as fiscal lifelines

Authorities target retailers, shell companies and off-the-books manoeuvres to lessen tax liabilities.

Shoppers walk by a reflected art installation at an outdoor luxury shopping mall in Beijing. Photo: AP
Yuan

‘Paradigm shift’: is China’s deal with mining giant BHP a global yuan milestone?

The agreement to partly link iron ore pricing to the yuan is a breakthrough but US dollar dominance in the trade remains entrenched for now, analysts say.

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China energy security

Why China is spending billions on a robot army to run its power grid

China’s grid operators plan to purchase thousands of robots in 2026 alone, including devices to inspect and maintain vital infrastructure.

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China-EU relations

‘It’s a tightrope’: why Europe’s wind industry faces a growing China dilemma

A debate is swirling in Europe over what role China should play in its wind power push, as the continent confronts the Middle East energy crisis.

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Spanish Prime Minister Pedro Sanchez gives a speech at the WindEurope 2026 expo in Madrid on April 21. Photo: Getty Images
China energy security

Explaining China’s new carbon emissions reduction plan

SCMP Plus annotates the 18-point plan issued by the Central Committee and State Council for carbon emissions reductions across strategic sectors.

Explaining China’s new carbon emissions reduction plan
China trade

China places EU defence, aerospace firms on export control list

Seven listed entities are barred from receiving ‘dual-use’ items originating in China, according to a statement from the Ministry of Commerce.

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China’s C919 passenger plane

Opinion | Engine dilemma lies at heart of successful take-off for China’s C919

Launching the aircraft with the imported LEAP-1C engine has led to bottlenecks and dependence but developing a convincing home-made engine will take time.

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Stock Connect

Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions

Strategic financial corridors now bridge mainland bourses with global hubs, enabling more seamless investment through specialised fund vehicles and receipts.

An electronic board is seen at the Sao Paulo Stock Exchange in Brazil. Photo: AFP
US-China relations

Beijing’s emphasis on security weighing on US firms’ optimism: AmCham China

White paper recognises improvements and incremental advances, but says data security rules a concern.

US and Chinese flags. Illustration: Reuters
China energy security

China targets greener AI data centres, heavy industry to meet 2030 climate goals

New emission rules for strategic sectors come as the Iran war reinforces the need for energy security.

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China energy security

Nuclear power revival gets boost from Iran war

China is set to open seven nuclear reactors this year, and other countries are reconsidering atomic energy as the Strait of Hormuz shutdown disrupts oil and gas supplies.

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China travel

More bookings, shorter trips: Chinese adjust to pricier fuel for May holiday

Domestic flight bookings up about 8 per cent and domestic package-tour reservations up about 10 per cent, survey finds.

Chinese tourists wearing traditional Thai costumes shield themselves from the sun at Wat Pho, the Temple of the Reclining Buddha, in Bangkok on April 14. Photo: EPA
China trade

Canton Fair defies global trends as overseas buyers flock to buy robots, drones

Foreign buyers queue up to test the latest technological hardware at China’s largest trade show despite softening international demand.

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China exports

How a Chinese plastics hub shapes Tesla’s supply chain – and moulds the modern world

From car components to keyboards, this little-known industrial district in eastern China is crafting the small parts the world relies on.

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China exports

‘Bigger winners’: why China’s battery firms stand to gain from the Iran war

Manufacturers are expected to see stronger overseas orders even as price wars hurt profits at home.

A worker at Henan Pude New Energy Technology assembling lithium-ion batteries in Sanmenxia city, Henan province, China, on March 12. Photo: Getty Images
China's economic recovery

China to fuse software and steel with US$14tr sector to enhance manufacturing

Beijing is overhauling ‘producer services’ with upgrades and more specialisation to avert deindustrialisation and anchor advanced manufacturing.

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Robotic arms handle materials on a production line in China’s Zhejiang province. Beijing has plans to develop a service sector that shores up the world’s factory. Photo: Getty Images
China travel

2,700 China-Japan flights axed in March as rift between Asian powers deepens

Nearly half of the planned flights between China and Japan were cancelled last month, as Beijing and Tokyo remain locked in a diplomatic feud.

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China trade

Learn from the East, says economist Justin Lin, refuting ‘overcapacity’ rhetoric

Former World Bank economist defends Beijing’s industrial strategy amid ‘overcapacity’ allegations, points to Germany and a ‘double standard’.

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China-EU relations

China’s CRRC drops bid for Lisbon metro deal as EU finds ‘billions’ in subsidies

Polish firm to replace state-backed Chinese giant as Brussels uses regulatory powers to curb what it says is market-distorting foreign aid.

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Workers operate on a production line at an assembly workshop of CRRC Zhuzhou Locomotive in China’s Hunan province. Photo: Xinhua
China energy security

China confronts Middle East supply shock, as State Council mulls energy strategy

Premier Li Qiang urges ‘bottom-line mentality’ to secure power as Beijing sees coal and Russian gas among options to offset reliance on imported crude.

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Premier Li Qiang presides over a State Council group study session on energy development on Monday. Photo Xinhua
Artificial intelligence

Crypto industry sees AI-driven agent economy as next growth driver

Experts gather in Hong Kong for Web3 Festival as firm predicts AI agents could facilitate up to US$5 trillion in global crypto sales by 2030.

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China energy security

China’s vast nuclear power sector now able to build 50 reactors at a time

China has more reactors under construction than the rest of the world combined, as it aims to become a global leader in nuclear power.

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