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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
The EHang 184, an autonomous aerial vehicle designed to carry one passenger, performs a test flight in Guangzhou, Guangdong province. EHang has become one of the first companies in China to receive approval to put its passenger drones into operation. Photo: Reuters
China airliners

Flying taxis: China clears way for first companies to begin offering services

Chinese regulators have for the first time granted companies approval to operate autonomous passenger drones.

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China food security

Beijing bids adieu to ‘basic’ farmland with plan to supercharge soil

China trade

Lao Airlines cruising to first C909 – a milestone for the made-in-China aircraft

Banking & finance

Chinese banks raise consumer loan rates from record low to protect margins

Banks will offer consumer loans at 3 per cent to boost their net interest margins, which hit a low of 1.52 per cent at the end of last year.

Chinese banks are lifting their consumer loan rates. Photo: AFP
Chinese banks are lifting their consumer loan rates. Photo: AFP
China's economic recovery

China’s capital outflow pressure may continue for now, top economists warn

Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement is likely to be slower.

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China property

Country Garden’s 2024 loss narrows amid tentative recovery signs

The loss attributable to shareholders stood at 32.8 billion yuan, compared with a record 178 billion yuan loss in 2023, according to an exchange filing.

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China's economic recovery

China’s factory activity accelerates in March even as US ramps up tariffs

China’s manufacturing activity hit a 12-month high as Beijing introduced a slew of measures to boost the economy.

China’s factory activity remained resilient in March despite US moves to raise tariffs on Chinese imports. Photo: Xinhua
China’s factory activity remained resilient in March despite US moves to raise tariffs on Chinese imports. Photo: Xinhua
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?

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

The AI boom in China has convinced Chinese investors that the markets will continue to rise, Standard Chartered’s Judy Hsu says.

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

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
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

Big Tech

Microsoft shutters AI lab in Shanghai, continuing China retreat

Microsoft has closed its research lab in Shanghai’s Zhangjiang hi-tech zone, and has already removed its logo from the entrance. Photo: Wency Chen

China Economy

Flying taxis: China clears way for first companies to begin offering services

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The EHang 184, an autonomous aerial vehicle designed to carry one passenger, performs a test flight in Guangzhou, Guangdong province. EHang has become one of the first companies in China to receive approval to put its passenger drones into operation. Photo: Reuters

China Economy

Beijing bids adieu to ‘basic’ farmland with plan to supercharge soil

An aerial drone shot this month shows a farmer plowing a field in China’s Zhejiang province. China is making agriculture advancements more attainable with a new plan. Photo: Xinhua

Global Economy

Lao Airlines cruising to first C909 – a milestone for the made-in-China aircraft

This China-made C909 will operate in Laos and have 90 seats. Photo: CCTV
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