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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
Retirees make up a fast-growing segment of China’s vast outbound tourism market. Photo: EPA/STR
China travel

‘Vast untapped market’: how China’s elderly are transforming global tourism

Over-65s make up a fast-growing segment of China’s vast outbound travel market – and they tend to be big spenders.

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China-Russia relations

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

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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

At high-profile gatherings this week, notions of China’s rise and the West’s decline were in vogue – but in today’s world, attitudes change fast.

At the China Development Forum and Boao Forum for Asia, a more international crowd was present than at recent high-profile events in China. Photo: Reuters
At the China Development Forum and Boao Forum for Asia, a more international crowd was present than at recent high-profile events in China. Photo: Reuters
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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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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A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee
A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee
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

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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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.

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
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
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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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.

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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.

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
China Future Tech
HIGHLIGHTS FROM
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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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