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Xiaofei Xu
Reporter, Political Economy
Xiaofei joined SCMP in 2025 after four years at CNN's Paris bureau where he covered the rise of far-right forces in France, the economic fallout of the war in Ukraine and many other subjects. Xiaofei has a master's degree in French History from the University of Chicago.
Xiaofei joined SCMP in 2025 after four years at CNN's Paris bureau where he covered the rise of far-right forces in France, the economic fallout of the war in Ukraine and many other subjects. Xiaofei has a master's degree in French History from the University of Chicago.
Areas of Expertise:
French economy and politicsLanguages Spoken:
Cantonese, English, French, Mandarin
Chinese tech firms have been using the Milano Cortina Games to showcase their capabilities to a global audience.
Despite a weak outlook, the company unveils a strategy to further localise production in China, introduce AI-based upgrades and launch new models.
Investigation into firm’s governance could last six months, with one analyst warning of damage to bilateral ties.
French alcohol exports to mainland China and the US dropped by 19.5 and 21 per cent in 2025 as tariffs stifled global trade.
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Finance minister distances himself from French government agency’s proposal for blanket EU tariffs on China to stop ‘destruction’ of local industry.
The Games have become a test case for firms seeking to raise their global profile, highlighting rising ambitions and challenges.
Domestic entities, as well as offshore entities under their control, cannot issue virtual currencies overseas without approval.
Ukrainians are buying Chinese batteries and emergency items en masse after Russian strikes, with Beijing’s ties to Moscow no damper on trade.
New pact designates a new yuan clearing bank, boosts cross-listings and expands green finance, accelerating the international use of China’s currency.
Brussels’ ‘abuse of investigations’ is harming China-EU cooperation and slowing Europe’s green transition, Beijing warns.
Sanchez is expected to become the latest Western leader to go to the Chinese capital as the US’ policies prompt a reassessment.
Wingtech projects a loss of up to US$1.9 billion in 2025, owing to the Dutch government’s takeover of Nexperia.
US limits on ASML’s China trade continue to define the company’s growth pattern, with overall sales up despite China revenues falling.
Tesla’s vehicle production fell 7 per cent year on year in 2025, as Elon Musk signals company will pivot to humanoid robots.
Brussels diversifies away from China and US risks, while the pact makes India a more attractive place for European firms to sell vehicles and fuel growth.
LVMH saw its sales in China rise in the second half of 2025, as the vast Chinese luxury market shows signs of recovery.
China’s energy supply edge was also at the heart of a panel discussion on clean energy in Europe.
Beijing’s policies seen putting income growth above GDP, with investments in social welfare, future tech and advanced manufacturing to spur internal demand.
Each country should build their own AI system, incorporating its own language and culture into the AI models, Huang says at the WEF in Davos.
Amid escalating transatlantic rifts fuelled by Donald Trump, vice-premier urges global cooperation, free trade and dialogue, pledging to boost imports and open China’s market.
Vice-Premier He Lifeng is expected to pitch China as a reliable partner on Tuesday, contrasting Beijing’s stability with Trump’s unilateralism before US president’s address.
The court hearing could be decisive in the tug-of-war over control of the Dutch chipmaker, which sparked supply chain worries and China tensions.
China’s energy buildout means cheap, green and reliable electricity fuels its manufacturing and tech industries, giving it an edge over rivals.
Breakthrough follows duties levied by Brussels in October 2024 as part of investigation into industry subsidies.
Analysts expect policy will signal to Europe that Beijing is interested in serious trade relations and is a good partner.
Special action plan to promote application of three to five large AI models in manufacturing sector.
China has engaged with Greenland in areas ranging from oil and minerals to tourism. But its footprint is far smaller than Trump claims.
Beijing’s investigation targets imports of dichlorosilane from Japan, alleging dumping that harms Chinese production, amid escalating bilateral and trade tensions.
Shipments of select goods – which could include drones and rare earths – to entities associated with the Japanese military have been restricted.
