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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
China and Russia’s previously ironclad trade ties may be softening as the US attempts to bring Moscow out of Beijing’s orbit. Photo: Reuters
China-Russia relations

Car trouble: is a drop in China-Russia auto shipments a bad omen for trade?

As the US attempts to peel Russia away from China, Moscow and Beijing’s auto trade has slowed. Is Donald Trump’s plan working?

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Banking & finance

DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart

Boao Forum for Asia

China’s back-to-back forums a reminder of how quickly things can change

Electric & new energy vehicles

Xpeng CEO says flying car market will be bigger than EVs over next two decades

CEO He Xiaopeng believes the global flying car market could reach US$2 trillion in the next two decades, double the size of land vehicles.

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Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Xpeng’s AEROHT flying car on display at Liuye Lake Tourist Resort in Changde City, central China’s Hunan province, March 27, 2025. Photo: Xinhua
Electric & new energy vehicles

Self navigating to the top: why China leads the global autonomous-driving race

After stamping their authority on EV technology, Chinese firms make strides in adding self-driving features.

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China’s C919 passenger plane

Home-grown CJ-1000 engine to soon be tested on China’s C919 passenger jet

Aviation forum hears that engine’s performance in trial runs exceeds ‘most optimistic expectations’.

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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.

Damage caused by the Myanmar earthquake is seen in Ruili, in China’s Yunnan province, on Friday. Photo: Xinhua
Damage caused by the Myanmar earthquake is seen in Ruili, in China’s Yunnan province, on Friday. Photo: Xinhua
China trade

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

Taiwan falls under the 15 per cent of the world Trump has flagged for its trade imbalance with the US, so tariff risk still looms in coming days.

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China energy security

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

China Electricity Council data shows non-fossil fuels now account for 58.8 per cent of country’s total installed power capacity.

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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
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.

A branch of the Industrial and Commercial Bank of China (ICBC) in Beijing on April 1, 2019. Photo: Reuters
A branch of the Industrial and Commercial Bank of China (ICBC) in Beijing on April 1, 2019. Photo: Reuters
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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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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A view of the Shanghai skyline and Huangpu river in 2022. Photo: Reuters
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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Shoppers in Britain carry promotional Shein bags in December. Photo: Reuters
Shoppers in Britain carry promotional Shein bags in December. Photo: Reuters
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.

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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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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Taobao and Tmall Group is targeting the use of AI-generated product images that deceive buyers across all its platforms. Photo: Reuters
Taobao and Tmall Group is targeting the use of AI-generated product images that deceive buyers across all its platforms. Photo: Reuters
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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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
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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People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
People cross a street in front of a large screen showing stock and economy data in Shanghai on March 11, 2025. Photo: EPA-EFE
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.

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.

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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Columbia University economics professor Jeffrey Sachs has come out strong against claims China is deliberately cultivating industrial overcapacity. Photo: EPA-EFE
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech War

‘Coming out’: Huawei-related chip tool maker makes splash at Semicon China

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The booth of chip equipment maker SiCarrier drew large crowds at Semicon China on March 26, as people looked for any new information regarding the company’s latest technology. Photo: Ann Cao

China Business

China to crack down on unfair EV price cuts to stabilise industry

People visit the Shanghai International Automobile Industry Exhibition in April 2023. Photo: AFP

Tech Trends

A DeepSeek moment is playing out in rural China as peasants seek AI advice

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Farmers harvest cabbages in Tangshan, north China’s Hebei Province, November 6, 2024. Photo: Xinhua

China Business

DeepSeek has boosted the faith of rich Chinese investors in tech stocks: StanChart

Judy Hsu, CEO of wealth and retail banking at Standard Chartered. Photo: VVS.sg

China EVs

Self navigating to the top: why China leads the global autonomous-driving race

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Illustration by Lau Ka-kuen
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