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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
Blocks with symbols and atomic numbers of rare earth elements, in this illustration taken on January 21. Photo: Reuters
China exports

China’s new front in rare earth export violations: rewarding tip-offs

The announcement follows the arrest of two Japanese nationals over alleged smuggling and comes as Beijing tightens oversight of critical minerals.

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China's economic recovery

China’s Xi joins leadership blitz of hub visits in pre-GDP fact-finding push

Yuan

Hong Kong readies offshore yuan initiatives after Shanghai move

Yuan

China’s central bank sets weaker yuan midpoint against US dollar for third day

The move comes after European Central Bank chief urged global leaders to discuss undervaluation of the Chinese currency.

The People’s Bank of China set the yuan’s midpoint rate weaker for a third day at 6.8195 per US dollar on Wednesday. Photo: AFP
The People’s Bank of China set the yuan’s midpoint rate weaker for a third day at 6.8195 per US dollar on Wednesday. Photo: AFP
World Economic Forum (WEF) in Davos

‘China Opportunity 2.0’: Li Qiang pitches alternative narrative at Summer Davos

The Chinese premier made the speech at the opening plenary of the 17th Annual Meeting of the New Champions in Dalian.

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Belt and Road Initiative

China, Kazakhstan target deeper ties in minerals and energy at Summer Davos

At the high-profile forum, Beijing expressed its willingness to work with Astana on deepening cooperation in energy and mineral resources.

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China exports

What fuels global trade imbalances: China’s overcapacity or US failure to adapt?

Economists highlight the potential for China’s green manufacturing capacity to support the global energy transition, despite overcapacity fears.

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The logo of the World Economic Forum is pictured outside the Dalian International Conference Centre during the World Economic Forum's Annual Meeting of the New Champions in Dalian, Liaoning province, on Tuesday. Photo: AFP
The logo of the World Economic Forum is pictured outside the Dalian International Conference Centre during the World Economic Forum's Annual Meeting of the New Champions in Dalian, Liaoning province, on Tuesday. Photo: AFP
Banking & finance

China’s trading crackdown seen boosting Hong Kong as official capital hub

Analysts at ‘Summer Davos’ gathering highlight pivot towards official cross-border connect schemes to intermediate domestic wealth ‘on China’s own terms’.

China food security

Global farming, Chinese food imports at stake as El Nino threatens drought

Sharpest risks to occur in the Global South, with countries facing conflict and economic stress being the worst hit: United Nations’ FAO.

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US-China trade war

China targets US rare earth miners as Pentagon faces restocking rush

Two rare earth miners were among 10 US companies added to an export control list as China imposed tit-for-tat retaliatory measures.

Rare earths are vital in US Patriot missiles. Photo: AFP/US Army
China's economic recovery

Beijing’s plan to revive foreign direct investment

SCMP Plus annotates 15-point plan released by the central government aimed at attracting foreign investment and reversing a decline in capital inflows.

Beijing’s plan to revive foreign direct investment
China manufacturing

China’s Li Qiang calls for tech overhaul of legacy industrial hubs before Davos

Beijing looks to secure strategic edge across critical sectors, with premier emphasising smart upgrades for state firms ahead of his ‘Summer Davos’ speech.

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China's economic recovery

China steps up push to revive foreign investment. Will it be enough?

The measures include greater market access in services, finance and healthcare, though analyst says it remains unclear how the reforms will be implemented.

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China exports

Why China’s green exports to the US are suddenly surging

The country is likely to be among the biggest winners of the global shift towards electrification and decarbonisation, analyst says.

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An employee works on a battery assembly line at the factory of Leap Energy, a unit of Leapmotor, during an organised media tour in Huzhou, Zhejiang province, China, on April 26. Photo: Reuters
China travel

A phone away from home: China urged to provide rental handsets to aid tourists

A think tank says low-end handsets, rentable at border checkpoints and pre-installed with local apps, could narrow ‘digital divide’ for visitors.

Russian visitors in Shanghai. A think tank is urging authorities to provide inbound visitors with app-loaded local phones to make easier payments in China as their own overseas devices often lack those tools. Photo: Xinhua
Russian visitors in Shanghai. A think tank is urging authorities to provide inbound visitors with app-loaded local phones to make easier payments in China as their own overseas devices often lack those tools. Photo: Xinhua
China-EU relations

China rejects trade criticism after Merz backs global yuan action

Vice-Premier Ding Xuexiang defended China’s exports after German Chancellor Friedrich Merz called for a Plaza Accord-style intervention to strengthen the yuan.

China jobs

China’s youth unemployment rate edges down in May as economic strains persist

Those aged 16 to 24 are still struggling to catch a break in the job hunt, a trend worsened by external wars and geopolitical strife.

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China trade

Is China a defender or disrupter of global supply chains? Beijing makes its case

Beijing warns against using the “China shock” narrative to justify protectionist measures and also calls for an open global energy market.

Vice-Premier Ding Xuexiang at the end of his speech during the opening ceremony for the fourth China International Supply Chain Expo in Beijing on Monday. Photo: Reuters
Vice-Premier Ding Xuexiang at the end of his speech during the opening ceremony for the fourth China International Supply Chain Expo in Beijing on Monday. Photo: Reuters
China travel

Time-wasting taxiing sparks turbulence at Chinese airports

Passengers arriving at major aviation hubs complain about long trips to terminals.

China property

Have China home prices hit bottom? Some buyers are hunting bargains

It’s a buyer’s market as signs of recovery in first-tier cities return bargaining power to home purchasers amid policy easing.

Electric & new energy vehicles

The hidden cost of China’s electric car boom: a spiralling roadworks bill

China needs to raise taxes to meet a soaring roadworks bill, as the country’s roads groan under the weight of millions of electric cars.

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Cars drive along a highway in Beijing. Photo: AFP
China consumption

Why are cash-strapped Chinese cities spending millions to host TV shows?

Jiangshan spent heavily to host the Chinese version of ‘Running Man’, but the project has provoked backlash amid China’s economic slowdown.

Cast members from the Chinese reality television show Keep Running pose for a photograph. Photo: Handout
Cast members from the Chinese reality television show Keep Running pose for a photograph. Photo: Handout
Guangzhou

Russian visitor numbers surge in southern China on visa-free arrival scheme

Guangzhou’s Baiyun airport reported more than 210,000 Russian entries and exits in the first five months of 2026, up 110 per cent year on year.

Rare earths

China resumes gallium exports to Japan after 4-month suspension

The resumption of exports is expected to be tied to civilian demand, as the metal is a key material in chips, fibre optics and EV chargers.

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China consumption

China’s e-commerce platforms help unlock global markets for South Korean brands

China’s cross-border platforms, which sell to millions of shoppers, are acting as a low-cost route to overseas customers in several regions.

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A dense crowd of shoppers at Musinsa in Seoul, as South Korean online shops team up with Chinese cross-border e-commerce platforms to sell their wares. Photo: Shutterstock
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