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A booth promotes the digital yuan at an expo in Beijing. China is upgrading its digital currency as it aims to create an alternative to stablecoins and cryptocurrencies. Photo: AP
Banking & finance

How China is upgrading its digital yuan for the stablecoin era

Beijing is upgrading its digital currency in response to the rise of stablecoins, but the goal is to create a fundamentally different system.

US-China tech war

China’s lagging basic research calls for core tech pivot, economic adviser urges

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China trade

China has logged a US$1 trillion trade surplus. Where is all that money going?

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China consumption

Wild goose chase? France works to rouse China’s appetite for foie gras imports

French producers hope their famed pate can win a slice of China’s market, but price sensitivities and domestic competition could mean their goose is cooked.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
China's economic recovery

China broadens foreign investment list in renewed pitch for overseas capital

The catalogue, which lists the sectors carrying policy incentives for overseas investors, has hundreds of new entries, many in advanced manufacturing.

Consumers

From Shein to Labubu, French shoppers are buying Chinese for Christmas

This year’s wave of popularity for Chinese brands has not waned in France’s capital, with Shein’s store packed and Labubu dolls dotting trees.

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Electric & new energy vehicles

Chinese SUV maker Jetour pushes localised offerings to hasten go-global drive

Jetour is already present in more than 100 countries and regions after seven years in operation.

Jetour International president Ke Chuandeng speaks at a fan gathering in Abu Dhabi on December 20,2025. Photo: Handout
Jetour International president Ke Chuandeng speaks at a fan gathering in Abu Dhabi on December 20,2025. Photo: Handout
Yuan

China’s offshore yuan breaks major benchmark as appreciation momentum builds

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

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Yuan

China expands digital-yuan push to Singapore and Asean trade routes

PBOC pledges to integrate e-CNY into the New International Land-Sea Trade Corridor, boost adoption in Southeast Asia via China’s CIPS payment network.

JD.com

Burglary of JD.com warehouse in France prompts investigation, speculation

The theft, with over 50,000 items stolen by some estimates, casts a shadow over the Chinese e-commerce giant’s first Christmas in France.

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A worker sorts packages for delivery at a JD.com warehouse in Beijing. Photo: AFP
US-China trade war

‘Bad policy’: China’s drone makers to shrug off US ban, analysts say

The addition of foreign drone makers, including those from China, to a US trade blacklist is unlikely to heat up relations, observers said.

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Dai Shuying operates a plant protection drone under the guidance of her grandson Wang Tiantian in east China’s Anhui province. Photo: Xinhua
Dai Shuying operates a plant protection drone under the guidance of her grandson Wang Tiantian in east China’s Anhui province. Photo: Xinhua
China trade

As Germany’s trade deficit with China nears new high, analysts warn of backlash

The widening gap, fuelled by a localisation push in China and fierce EV competition, is fuelling fears of political upheaval and rising protectionist sentiment in Berlin.

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China-Russia relations

Russian LNG shipments to China surge 143% in November, overtaking Australia

Russian LNG accounted for 23.5 per cent of China’s total shipments, cementing Russia as its top energy partner after President Xi pledged deeper ties.

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China trade

China’s record trade surplus could prompt protectionist response in 2026: report

American researchers say restrictions on Chinese imports could help create complications for Beijing’s economic growth target next year.

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Vehicles awaiting export at Nanjing Port in China’s eastern Jiangsu province. Photo: AFP
China-EU relations

China slaps tariffs on EU cheese and cream amid trade row

Alleging that European subsidies are hurting Chinese producers, Beijing has imposed fees that look to hit French exporters the hardest.

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China has slapped provisional anti-subsidy fees of up to 42.7 per cent on European producers of certain dairy products, including various types of cheese and cream. Photo: AFP
China has slapped provisional anti-subsidy fees of up to 42.7 per cent on European producers of certain dairy products, including various types of cheese and cream. Photo: AFP
China exports

China’s rare earth magnet exports to EU jump nearly 60% as approvals take effect

Shipments of permanent magnets to Europe saw a large increase in November, as Beijing begins granting general licences for rare earth exports.

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China-South Korea relations

Blackpink for Ayumi? Why China may reward South Korea’s soft stance on Japan row

Beijing is reviving stalled trade talks with Seoul as the Lee administration breaks with Tokyo on Taiwan, and analysts say Chinese market access could be the geopolitical prize.

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China travel

China eases visa rules for India, tapping into US$21.6 billion travel market

Indian nationals will now be able to apply for Chinese visas online as Beijing and New Delhi gradually move to normalise economic ties.

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China and India are gradually normalising economic ties five years after a deadly border clash. Photo: AFP
China and India are gradually normalising economic ties five years after a deadly border clash. Photo: AFP
China-Russia relations

Secure Arctic shipping route essential for China, senior official says

Trade lanes using Strait of Malacca, Red Sea and Suez Canal could be disrupted during ‘major international crisis’, Beijing forum told.

US-China relations

China cuts US Treasury holdings to lowest level since 2008

The stockpile has now fallen to nearly half its November 2013 peak, financial data shows, as long-term sell-off continues.

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China exports

China confirms issuing of first general licences for rare earth exports

Beijing says it is now granting longer permits giving foreign companies easier access to vital minerals, but many details remain unclear.

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Workers transport soil containing rare earth elements for export at a port in China’s eastern Jiangsu province. Photo: Reuters
China-EU relations

Discriminatory and egregious: China blasts EU’s subsidy crackdown

Commerce authorities vow to defend firms such as Nuctech and CRRC, while Beijing continues talks with Brussels over EV tariffs.

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The CRRC booth is seen in the advanced manufacturing section of the China International Supply Chain Expo in July. The train maker was probed by Brussels last month. Photo: Xinhua
The CRRC booth is seen in the advanced manufacturing section of the China International Supply Chain Expo in July. The train maker was probed by Brussels last month. Photo: Xinhua
China trade

China’s Hainan launches separate customs regime allowing tariff-free imports

Most goods can enter Hainan with zero import duties under the new system, as China looks to turn the island into a strategic buffer zone.

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China trade

As trade deficit mounts, is EU selling what China wants to buy?

Traditional European exports like cars are losing their appeal, while restrictions crimp sales of sought-after lithography machines.

China trade

Battle for China’s durian market gets even juicier as Laos enters the fray

Laos could present a real challenge to other players in China’s vast durian market due to its low costs and logistical advantages.

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A local vendor sells durians at a stall near Phnom Penh, Cambodia. Several Southeast Asian nations including Cambodia export the fruit to China, which is the world’s largest buyer by far. Photo: AP
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