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China Economy

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Asia housing and property
US-China trade war
A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee
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

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

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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Wind power turbines in the waters off Laizhou, Shandong province, in January. Photo: Xinhua
Wind power turbines in the waters off Laizhou, Shandong province, in January. Photo: Xinhua
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.

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.

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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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Cargo containers stacked at Yantian port in Shenzhen, Guangdong province, in June last year. Photo: AFP
Cargo containers stacked at Yantian port in Shenzhen, Guangdong province, in June last year. Photo: AFP
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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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
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
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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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’s basic pension system should be reformed to ensure benefits are fairly distribution and coverage is adequate, former banking officials said. Photo: Xinhua
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
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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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.

China posted an unexpected decline in industrial profits in the first two months of the year, in a sign that the country’s economic recovery is fragile. Photo: AP
China posted an unexpected decline in industrial profits in the first two months of the year, in a sign that the country’s economic recovery is fragile. Photo: AP
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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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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Chinese President Xi Jinping welcomes Venezuelan President Nicolas Maduro to the Great Hall of the People in Beijing on September 13, 2023. Photo: Venezuelan Presidency / AFP
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
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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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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Illustration: Pearl Law
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 Economy

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

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A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee

Tech Trends

Google’s Android transparency shift unnerves Chinese developers

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Google decision to change the release schedule of Android source code has unnerved some Chinese developers. Photo: Shutterstock

China EVs

Chinese EV industry pressed to accelerate global expansion amid tariffs

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

Big Tech

China’s top foundry SMIC reports revenue growth in 2024, but net profits plunge

Exterior view of SMIC’s facilities in Pudong district, Shanghai on March 15, 2024. Photo: AFP
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