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Workers look at a ladle pouring molten iron into a container at a steel plant in Hangzhou, eastern Zhejiang province. Photo: Reuters
Baosteel Group

China’s Baosteel expects nationwide production cuts to fix market imbalance

Domestic steel consumption projected to fall 2 per cent in 2025, company chairman says.

LME

Why the London Metal Exchange’s Hong Kong warehouses are a big deal

China economy

Chinese tea hub Puer branches into coffee as tastes change

US-China trade war

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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illustration by Lau Ka-kuen
illustration by Lau Ka-kuen
Electric & new energy vehicles

Pure EVs regain market share in China on lithium cost, battery technology

Lithium prices are just one-ninth of the peak in 2022, allowing EV makers to win over new buyers in mainland China.

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Mainland China

China takes steps to boost yuan with overseas gold storage facilities

China to explore the internationalisation of physical delivery for specific products traded on the Shanghai Gold Exchange.

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US-China trade war

Trade war upends Chinese firms’ US gas contracts, plans: S&P Global

State-backed energy firms and private distributors may have to renegotiate long-term liquefied-natural-gas contracts, analysts say.

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A cargo ship passes the Cheniere Energy liquefied natural gas plant in Port Arthur, Texas, on February 10, 2025. Photo: Getty Images
A cargo ship passes the Cheniere Energy liquefied natural gas plant in Port Arthur, Texas, on February 10, 2025. Photo: Getty Images
ETFs

Chinese gold ETFs glow as investors chase metal’s historic rise

The mainland’s 13 gold ETFs bulge by US$9.6 billion, as the metal’s lure as a haven asset grows.

Electric & new energy vehicles

CATL to mass-produce cheaper, efficient sodium-ion EV batteries

The new Naxtra-brand batteries would enable an electric vehicle to travel up to 500km (310 miles) on a single charge.

China trade

Myanmar earthquake may have disrupted China’s rare earth supplies

The disaster may have damaged mines and transport routes in Myanmar, which is China’s main supplier of rare earth elements, analysts say.

Myanmar supplied more than half of China’s imports of rare earth elements last year. Photo: US Critical Materials
Gold in Hong Kong

Hong Kong gold shops become buyers as local price hits all-time high

Shoppers look to sell and retailers look to buy amid ‘extreme euphoria’ in the gold market.

Customers visit a gold shop in Tsim Sha Tsui on April 5, 2025. Photo: Nora Tam
Customers visit a gold shop in Tsim Sha Tsui on April 5, 2025. Photo: Nora Tam
HKEX

LME approves Hong Kong warehouses amid growing China metals trade

Milestone by HKEX-owned London Metal Exchange positions city to develop as a metals hub, CEO says.

China trade

China’s middle class loves avocados. Enter Australia?

After years of lobbying and a costly trade war that battered exports, Australian fruit producers brace for market access.

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Commodities

Oil plunges as trade, oversupply risks increase and Saudis slash prices

Saudi Aramco lowered Arab Light crude to its biggest buyers in Asia more than expected for May, and offered smaller cuts for the US and Europe.

Aramco cuts prices for buyers in Asia by more than expected, and offers smaller cuts in the US and Europe. Photo: Reuters
Commodities

Will the free-falling oil price reorder the world’s energy landscape?

Brent crude, the global benchmark, tumbled 13 per cent through Thursday and Friday to just over US$66 a barrel.

A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 2, 2025. Photo: AFP
A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 2, 2025. Photo: AFP
Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

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Electric & new energy vehicles

Exclusive | Why does a Kazakh tycoon want to ride China’s electric vehicle wave?

‘We are a natural partner for China, especially in the growing EV sector,’ says Kenges Rakishev, chairman of the Fincraft Group.

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Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Kenges Rakishev, chairman of the Fincraft Group. Photo: Handout
Business of climate change

China miners accelerate overseas buying spree

Last month, MMG said it would buy British miner Anglo American’s nickel business in Brazil.

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Gold in Hong Kong

Gold and Chinese stocks still have room to rise, CICC says

Despite concerns about stretched valuations after recent rallies, both offer growth potential and diversification value, bank says.

Business of climate change

China must slash steel capacity in next 5 years to meet green goals

China coal-based blast furnace (BF) capacity must fall by at least 200 million tonnes per annum (Mtpa) by 2025, said the Centre for Research on Energy and Clean Air.

Smoke billowed from an unauthorised steel plant in Inner Mongolia on November 4, 2016. Photo: Getty Images
US-China relations

How the US makes billions selling gristly chicken feet to China

Chicken feet are regarded as waste in most countries, but in China they are a beloved delicacy – and a lucrative import category.

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Steamed chicken feet are a classic dim sum dish in China. Photo: Shutterstock
Steamed chicken feet are a classic dim sum dish in China. Photo: Shutterstock
Gold in Hong Kong

Hongkongers rush to sell, buy gold as precious metal’s price hits record high

Gold bought in October 2023 is worth 63 per cent more now, and some analysts expect the price to continue rising.

China deflation

‘Farmers can’t bear it!’: China’s poultry industry scrambled by falling prices

While the US faces egg shortages, China’s poultry farmers are dealing with the opposite problem: plunging prices due to chronic overproduction.

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Banking & finance

Gold hits record high as Trump’s tariffs spur safe-haven buying

Gold hit US$2,830.49 per ounce on Monday due to the safe-haven demand driven by uncertainty surrounding Trump’s tariffs.

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Bullion banks have been transporting gold from Asian trading hubs to the US to profit from unusually high US gold futures. Photo: Reuters
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