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Economy /

China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
A security guard drinks from a bottle near an ad for e-CNY, or digital yuan, in Beijing on August 31, 2022. Photo: AP
Yuan

China adds 12 banks to digital yuan system, expanding e-CNY’s economic presence

More than doubling the number of institutions using digital yuan in day-to-day operations, China is deepening the currency's role in its financial system.

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China economy

How China plans to use new law to further its financial superpower ambitions

China exports

US loses, Europe gains: what’s happening with China’s rare earth magnet exports?

China energy security

China’s Russian oil imports spike in early 2026, but Iran war changes outlook

China’s need to bolster crude stockpiles amid rising geopolitical risks likely to have been a factor behind pre-war import surge, analyst says.

An attendant holds a petrol nozzle after refuelling a car at a petrol station in Beijing last week. China imported 159.79 million barrels of Russian crude in the first two months of the year. Photo: Reuters
An attendant holds a petrol nozzle after refuelling a car at a petrol station in Beijing last week. China imported 159.79 million barrels of Russian crude in the first two months of the year. Photo: Reuters
China energy security

Strait of Hormuz tensions rise as Iran reportedly charges ships for safe passage

Around 20,000 seafarers are still stuck in the Gulf as Tehran reportedly charges at least one tanker about US$2 million to pass through the strait.

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Hainan

How China’s Hainan reinvented itself as Hong Kong’s rival – and partner

The island province has become a low-tax gateway and is ready to tap Hong Kong’s strengths in finance, research and other sectors, officials say.

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China jobs

Survey shows China’s professionals have high expectations – for low pay

As some Chinese workers switch jobs to boost salaries, many remain pessimistic about pay increases amid economic uncertainty.

Hays found that 51 per cent of professionals in China also received no pay rise in 2025, a sign of wider pressures in the job market. Photo: Shutterstock
Hays found that 51 per cent of professionals in China also received no pay rise in 2025, a sign of wider pressures in the job market. Photo: Shutterstock
Banking & finance

China’s central bank pledges stability in capital markets amid global sell-off

With worries over the Iran war driving down stock prices, the People’s Bank of China has named market stability as a ‘major task’ in 2026.

Shanghai

Shanghai certifies 30 overseas offices amid China’s investment sales pitch

The city welcomed a batch of new regional headquarters and R&D centres this week, as China continues its campaign to win back overseas capital.

Mainland China

Exclusive | Singapore-headquartered GLP eyes 50% rent surge as China demand fuels growth

Firm will ride Beijing’s push for domestic demand by expanding logistics, data centres and renewable energy capacity, GLP China CEO says.

A solar farm built by GLP on a fishery site in Suzhou, eastern Jiangsu province. Photo: Handout
China jobs

China’s youth unemployment falls for sixth consecutive month in February

But young job-hunters say they are still struggling to find work in a testing post-holiday labour market amid rising global economic uncertainty.

Young people line up at career guidance booths during a job fair in Beijing on March 14 as China’s youth unemployment rate grows amid a testing post-holiday labour market. Photo: Reuters
Young people line up at career guidance booths during a job fair in Beijing on March 14 as China’s youth unemployment rate grows amid a testing post-holiday labour market. Photo: Reuters
China food security

China taps reserves as Iran war disrupts 30% of global fertiliser trade

War in the Middle East is causing global disruption – from oil to agriculture – as countries, including China, enter spring planting season.

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Banking & finance

How China opened the door to creating a direct rival to US payment systems

Beijing has removed several key restrictions on its payment system, allowing it to expand beyond yuan settlements, economist says.

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China energy security

Red Sea fix? China-bound oil tankers tap Saudi plan to dodge Strait of Hormuz

But analysts warn the strategy can only partially offset disruptions and that security risks remain high.

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This handout satellite image taken by 2026 Planet Labs PBC shows the oil infrastructure at Saudi Arabia’s western Red Sea port of Yanbu on March 4, 2026. Photo: AFP
China manufacturing

China to help Cuba with solar energy amid US oil blockade and total power outage

Beijing will ‘intensify its support’ to Havana after around 10.9 million people were left without power amid an ongoing energy crisis.

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People gather during a blackout as Cuba’s national electric grid collapsed, according to the country’s grid operator, leaving about 10.9 million people without power amid a US-imposed oil blockade. Photo: Reuters
People gather during a blackout as Cuba’s national electric grid collapsed, according to the country’s grid operator, leaving about 10.9 million people without power amid a US-imposed oil blockade. Photo: Reuters
China manufacturing

Global EV uptake expected to accelerate as Iran war causes petrol price hikes

With more than half of Chinese new car sales being electric in 2025, the nation could save US$28 billion a year in avoided oil import costs.

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Chinese offshore investment

China’s multibillion-dollar minerals investment lifts foreign economies: report

Country has invested more than US$120 billion in overseas mining and mineral processing projects since 2023, study says.

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Artificial intelligence

Tencent makes OpenClaw-based tool available as WeChat mini-program

Company says users will be able to use mini-program to send commands from smartphones to PCs via audio messages and images.

Tencent has made QClaw a WeChat mini- program as it promotes its OpenClaw AI agent. Photo: Handout
Tencent has made QClaw a WeChat mini- program as it promotes its OpenClaw AI agent. Photo: Handout
China’s C919 passenger plane

China fine-tunes C909 jet operations in Laos – a blueprint for Southeast Asia?

Lessons from Laos could help Comac boost overseas sales of C909 and C919 – but analyst says buyers will be closely watching for safety.

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China-Russia relations

China, Russia look to boost transport links amid Middle East disruption

Increased use of Arctic shipping route among topics covered at inaugural China-Russia Logistics Business Forum.

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US-China relations

With Trump’s China trip in limbo, further trade talks loom: analysts

As the US president cites the Iran war for his delay and Paris talks see only minor progress, experts said more negotiations were likely.

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US President Donald Trump speaks after signing an executive order regarding a task force on fraud in the Oval Office of the White House on Monday. Photo: AP
China energy security

Unlimited petrol? Chinese firm claims it can produce fuel from air and water

The start-up plans to build ‘large-scale’ facilities to convert carbon dioxide into synthetic fuel, though some question its commercial feasibility.

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A view of Lingang in eastern Shanghai, where Carbonology’s new research and development centre is located. Photo: Xinhua
A view of Lingang in eastern Shanghai, where Carbonology’s new research and development centre is located. Photo: Xinhua
China energy security

China doubles down on hydrogen as war on Iran fuels global oil instability

Initiative to expand industrial hydrogen use and lower the renewable fuel’s price dovetails with Beijing’s energy security strategy amid oil crisis.

China trade

As shipping risks mount, Xi pushes international port alliance as fail-safe

A speech last year highlights Beijing’s focus on maritime rights – a concern analysts say will only intensify as threats to global shipping increase.

US-China trade war

China and the US end trade talks in Paris as doubts form over Trump visit

The two sides held deep, frank and constructive consultations, China’s top international negotiator says.

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Chinese vice minister of commerce Li Chenggang gives his assessment of two days of meetings with US counterparts in Paris on Monday. Photo: Reuters
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