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Beijing is expanding payment networks, currency swaps and the digital yuan to make it easier to trade with the currency globally. Photo: Getty Images
Banking & finance

China says yuan’s global rise is ‘irreversible’ – and has a plan to back it up

From bilateral swaps to keeping premier tech firms on mainland exchanges, Beijing details the blueprint to build a financial powerhouse.

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China trade

China presses France to drop ‘protectionist’ anti-fast fashion law

China trade

China’s global expansion offers German firms opportunity – for now

US-China relations

US firms’ confidence in China has soared amid Xi-Trump trade truce: survey

US businesses in China are feeling more upbeat than at any point since 2021, as bilateral relations become more stable, survey finds.

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A container ship enters a port in eastern China’s Shandong province. Photo: Xinhua
A container ship enters a port in eastern China’s Shandong province. Photo: Xinhua
China exports

Amid lack of grass lawns in China, the robotic mower sector chases EU market

Once a niche market, sales of robot mowers in Europe have more than doubled in the past five years.

China-Russia relations

Power of Siberia 2 pipeline talks stall over China-Russia price dispute: sources

Moscow-Beijing negotiations over pipeline have halted as ‘no progress’ made on bridging a big gas price gap, sources say.

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China consumption

China’s factory-gate price growth quickens as Iran war fuels energy volatility

Producer price index rises 3.8 per cent, beating economists’ projections amid war-driven oil surge and weak domestic demand.

Workers on an electric vehicle production line at the Volkswagen Anhui factory in Hefei, Anhui province. Photo: Reuters
Workers on an electric vehicle production line at the Volkswagen Anhui factory in Hefei, Anhui province. Photo: Reuters
Electric & new energy vehicles

Will Tesla’s rare-earth-free motor put China’s trade trump card at risk?

Elon Musk says Tesla’s new Cybercab motor has no rare earths, but analysts saw the move as only a slight step towards reducing industry reliance – or China’s leverage.

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Commodities

Copper rally sets record LME price as US tariff fears fuel supply ‘scramble’

Inventories of the metal are diverging across major exchanges as AI infrastructure build-up spurs demand and potential trade restrictions keep prices elevated.

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China food security

Why China’s sugar stockpiles may blunt an El Nino-fuelled global supply crunch

The major sugar importer is expected to lean on strong domestic supplies amid soaring international prices.

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Farmers harvest sugarcane on March 18 in Guangzhou, China’s Guangdong province. Photo: Getty Images
Commodities

Oil prices near US$100 a barrel as Saudi oil facility attack raises supply risk

Geopolitical tensions and strikes on energy infrastructure are tightening supply expectations, threatening to push oil higher and curb China’s appetite for imports.

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The price of diesel is displayed at a petrol station in New York on Friday. The national average price of retail diesel hit a record high on Thursday as the cost of crude oil rebounded. Photo: Xinhua
The price of diesel is displayed at a petrol station in New York on Friday. The national average price of retail diesel hit a record high on Thursday as the cost of crude oil rebounded. Photo: Xinhua
Shenzhen

BYD cars, DJI drones: Guangdong flexes tech muscles ahead of Apec summit

As Shenzhen prepares to become the third Chinese city to host the Apec meeting, its province has set up media visits to tech firms.

China trade

China’s export machine strengthens in August as trade imbalance concerns mount

While Western officials still name China’s trade surplus as an area of concern, analysts said the 2026 surplus is on track to beat last year’s record.

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China trade

China hits vital Japanese chipmaking chemical with steep anti-dumping measures

The preliminary ruling targets a vital material that Chinese manufacturers have historically imported from Japan and comes amid continued bilateral friction.

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The latest trade action highlights the growing tensions between Beijing and Tokyo. Photo: Shutterstock
Banking & finance

Can China bring in more bullion as central banks shift gold reserves from US?

Geopolitical tensions and US dollar concerns have seen Shanghai and Hong Kong step up efforts to build gold storage infrastructure.

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Gold bars. Photo: Handout
Gold bars. Photo: Handout
China food security

A potential food crisis threatens the world, but impact on China may be limited

El Nino fears and disruptions to Ukraine’s grain exports are driving up global crop prices, but China’s robust supplies temper the impact.

China consumption

Open Questions | Better social security is key to fixing China’s unbalanced economy: Lan Xiaohuan

The bestselling author also discusses how recent geopolitical events are shaping China and makes the case for a social safety net.

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China education

China’s youth job crisis drives graduates to German vocational apprenticeships

Facing bleak employment prospects at home, some young Chinese workers are pursuing technical training abroad, but not all make it through.

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Some Chinese students looking to study abroad are considering vocational training programmes such as Germany’s Ausbildung system. Photo: Getty Images
Some Chinese students looking to study abroad are considering vocational training programmes such as Germany’s Ausbildung system. Photo: Getty Images
Asia-Pacific Economic Cooperation

Asia-Pacific media outlets forge new partnerships ahead of Shenzhen Apec summit

SCMP and Nanfang Media Group have signed an MOU to deepen media cooperation, as the southern tech hub prepares to welcome regional leaders.

China energy security

Why are fuel and petrochemical prices rising far faster than crude?

Global refined-product exports were down 25 per cent year on year in August, with losses concentrated in Russia and the Persian Gulf, analysts say.

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China shipbuilding

‘Breakthrough’: Chinese shipyard set to take orders from Nordic cruise operator

Chinese shipyard Waigaoqiao signs MOU with Nordic cruise operator, marking another advance for the rising shipbuilding powerhouse, analysts say.

The Adora Flora City cruise ship under construction at Shanghai Waigaoqiao Shipbuilding on February 27. Photo: Getty Images
China trade

German companies want tougher EU-China policy despite supply chain reliance

The DIHK finds German firms facing Chinese competition back stronger EU action, but its trade chief warns against ‘blanket measures’.

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German companies are backing tougher EU action on China as manufacturers such as Volkswagen restructure under intensifying competition from Chinese rivals. Photo: Reuters
German companies are backing tougher EU action on China as manufacturers such as Volkswagen restructure under intensifying competition from Chinese rivals. Photo: Reuters
China manufacturing

China’s Xiaomi to start selling electric cars in Europe next year

Xiaomi Auto says it has signed agreements with eight car dealer groups to build a sales and service network in Germany.

China jobs

Open Questions | How China Works author on the data economy, robots and AI

Economist Lan Xiaohuan proposes better social security to fix China’s unbalanced economy and weighs the impact of technology on lives now and in the future.

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China-EU relations

Pursue a China deal but brace for backlash, Dutch advisory group urges EU

To correct growing economic imbalances, policymakers advise taking stronger defensive measures, despite risk of rising domestic costs.

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Flags of China and the Netherlands appear next to each other. Photo: Shutterstock
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