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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
Damage caused by the Myanmar earthquake is seen in Ruili, in China’s Yunnan province, on Friday. Photo: Xinhua
SCMP Highlights

Myanmar quake hits China, Panama Canal intervention risk: SCMP daily highlights

From a massive earthquake to trade war turns and the F-47 jet, here’s a round-up from today’s China and economy coverage.

China trade

With its chips on the table, Taiwan seen avoiding the worst US tariffs

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China energy security

China’s non-fossil-fuel power capacity tops 2,000GW for first time ever

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Electric & new energy vehicles

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
A file photo taken on September 11, 2023, shows BYD EVs waiting to be loaded on a ship at the international container terminal of Taicang Port at Suzhou Port, in China’s eastern Jiangsu Province. Photo: AFP
Banking & finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

China's economic recovery

Why is Trump embracing law of the jungle, asks top Chinese economist

Wu Xiaoqiu says rising protectionist sentiment has dealt a severe blow to global economic recovery.

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China's economic recovery

Xi urges foreign firms to resist ‘acts that turn back the wheel of history’

Xi meets with business reps as China takes aim at unilateralism and protectionism while ramping up a charm offensive for foreign investors against the backdrop of two global conferences.

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President Xi Jinping spoke with foreign business leaders at the Great Hall of the People in Beijing on Friday. Photo: Reuters
President Xi Jinping spoke with foreign business leaders at the Great Hall of the People in Beijing on Friday. Photo: Reuters
China property

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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Boao Forum for Asia

‘Unstoppable momentum’ vs ‘big challenges’ in China’s cross-border e-commerce

Former deputy secretary general for China’s State Council warns of a potential negative impact from foreign import tariffs on small packages.

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SCMP Highlights

China finds gold jackpot, US ‘has lost its way’: SCMP daily highlights

From an American economist lambasting the US to China’s major gold find, here’s a round-up from today’s China and economy coverage.

China may have found two massive deposits of gold using advanced technology. Photo: Shutterstock
TV shows and streaming video

Addictive China micro-dramas show how commercial demand fuels netcasting boom

The head of China’s body overseeing film and TV calls micro-dramas a ‘new growth pillar for China’s online audio and video industry’, with growing influence overseas.

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A man uses his mobile device at a mall in Beijing. The surging popularity of China’s micro-dramas often keep people glued to their screens. Photo: AFP
A man uses his mobile device at a mall in Beijing. The surging popularity of China’s micro-dramas often keep people glued to their screens. Photo: AFP
Alibaba

Alibaba’s AI crackdown: Taobao says e-commerce images must be ‘realistic’

Taobao’s initiative aligns with China’s broader regulatory efforts to address the misuse of generative AI.

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China's ageing population

Former officials call for parity, reform in China’s pension system

The current pension structure is too lopsided to provide adequate benefits to those in poorer regions, former banking officials say at Boao Forum.

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China manufacturing

‘Dominant’: US and Chinese robotics start-ups attract 75% of global funding

America and China are ‘reinforcing their leadership’ in robotics, allowing them to shape the future of automation, new study finds.

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US and Chinese robotics start-ups are attracting a dominant share of venture capital investment, according to a new study. Photo: Dobot
China's economic recovery

As Beijing hails untapped Asian partnerships at Boao, Hong Kong vows to do more

‘Backed by the motherland’, Hong Kong’s chief executive vows more integration into nation’s development strategy after vice-premier stresses importance of regional cooperation mechanisms.

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Vice-Premier Ding Xuexiang visits a one-stop aircraft maintenance base of the Hainan Free Trade Port in south China’s Hainan province on Monday. Photo: Xinhua
Vice-Premier Ding Xuexiang visits a one-stop aircraft maintenance base of the Hainan Free Trade Port in south China’s Hainan province on Monday. Photo: Xinhua
Hong Kong stock market

‘China is back’ as Goldman, Morgan Stanley whet global appetite for equities

Morgan Stanley raised its year-end index targets for MSCI China and Hang Seng by more than 7 per cent on improved outlook for earnings and valuations.

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China's economic recovery

China’s industrial profits unexpectedly fall in ominous sign for economy

Economists had predicted China’s industrial firms would record robust profit growth in the first two months of the year.

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China-EU relations

China, Europe ‘share same worry’ about unilateralist forces: ESM director

In China as part of a finance-focused delegation, director of European Stability Mechanism says the two regions are aligned in bid to stabilise international finance.

There are areas of financial cooperation in which China and the European Union share like-minded views. Photo: Reuters
There are areas of financial cooperation in which China and the European Union share like-minded views. Photo: Reuters
US-China relations

‘Absolutely wrong’: Jeffrey Sachs rejects US claims of Chinese overcapacity

US economics professor says China’s manufacturing heft essential to global green transition, dismisses Western charges of trade disruption.

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US-China trade war

What does US hope to gain with Venezuela tariffs? An edge over China, some say

Beijing may have to choose between giving up on its closest ally in the Americas or being hit with additional US tariffs, analysts said.

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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
US-China trade war

Chinese economist calls US trade war ‘negative-sum’ game at Boao Forum

Economists express worries over future of global trade amid the heightened tariffs and restrictive measures in Donald Trump’s second term.

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Economists have cautioned the rapid tariff increases put into place by US President Donald Trump threatens the stability and openness of global trade. Photo: Reuters
Economists have cautioned the rapid tariff increases put into place by US President Donald Trump threatens the stability and openness of global trade. Photo: Reuters
China's economic recovery

In bid to woo more foreign investors, Shanghai pledges to loosen rules

China’s financial hub is putting in more effort to attract and retain overseas capital as economic, trade landscape grows more uncertain.

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China's population

Can birth subsidies save China from its looming population crisis?

China is betting big on birth subsidies to stave off a demographic crisis. But do cash payments really work?

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China shipbuilding

‘Extremely disruptive’: US plan to tax Chinese ships sparks industry backlash

Shipping bodies urged US policymakers to scrap a controversial port-fee proposal during hearings in Washington.

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The US plans to charge fees of up to US$1.5 million for any shipping operator with Chinese links sending a vessel to an American port. Photo: Cosco
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