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China’s industrial overcapacity could pose an economic challenge for the European Union this year. Photo: Shutterstock

Global Economy

For Europe, China looms as 2025 economic threat, analysts say

China seen posing ‘longer competitive challenge and a sort of strategic challenge’ in important industries, and this could reinforce the EU as a US ally.

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Xi Jinping urges further opening up ahead of Trump inauguration

US seeks to target China’s shipbuilders. Why are they ‘not overly concerned’?

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China

Trump’s tariffs threat, Taylor Swift Shanghai talks: SCMP daily highlights

From Shanghai having talks with Taylor Swift to US users’ RedNote challenges, here’s a round-up from today’s China and economy coverage.

The only Asia stops on Taylor Swift’s record-breaking Eras Tour were Japan and Singapore. Photo: AP
The only Asia stops on Taylor Swift’s record-breaking Eras Tour were Japan and Singapore. Photo: AP

China Economy

China’s AI aspirations boosted as public data allowed for labelling

New initiative encourages collaboration between government and enterprises to annotate and train data for large language models tailored to government use.

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China Economy

China’s C919 to benefit as Beijing bankrolls ‘large aircraft’ research

Capital grant funding will be doled out to worthy applicants as China rallies nation’s engineering brainpower to boost indigenous tech for home-grown planes.

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China Economy

China’s top exporting regions, under tariff pressure, pare back GDP targets

Shanghai and Guangdong, two of China’s major exporting regions, have set modest growth targets as leaders warn of ‘external factors’.

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Shanghai and Guangdong, two of China’s top exporting regions, have dialed back their growth targets in advance of likely tariffs from the US. Photo: Xinhua
Shanghai and Guangdong, two of China’s top exporting regions, have dialed back their growth targets in advance of likely tariffs from the US. Photo: Xinhua

Global Economy

Good night, Vietnam? China economist says Trump tariffs could shut US back door

Li Daokui of Tsinghua University says Chinese manufacturers eyeing Vietnam as a point of entry to the US should ‘reconsider’ in light of tariffs.

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China Economy

Chinese city bucks birth rate decline as cash incentives bear fruit

A city in China has defied national trends and reported a 17 per cent increase in births, credited to sizeable cash payments for parents.

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China

Biden’s China message to Trump, RedNote app No 1 in US: SCMP daily highlights

From Biden urging trump to tackle China’s ‘overcapacity’ to Elon Musk’s influence, here’s a round-up from today’s China and economy coverage.

US President Joe Biden speaks about foreign policy during a speech at the State Department in Washington on Monday. Photo: AP

China Economy

China’s eagle-eyed Zhejiang has more industrial movers and shakers in its sights

Local authorities in China’s eastern manufacturing hub want to nurture what they call ‘eagle enterprises’, and the vast majority are private firms.

A worker handles a spinning machine at a textile factory in China’s Zhejiang province. Photo: Getty Images
A worker handles a spinning machine at a textile factory in China’s Zhejiang province. Photo: Getty Images

Global Economy

Can China top the US economically by 2030? Economist reaffirms 1994 prediction

Before US President Joe Biden’s attack on China’s growth prospects, Justin Lin Yifu said it was on track to becoming the world’s largest economy despite challenges, as ‘soldiers are met with generals, water with earth’.

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Global Economy

Turkish railway, with Chinese upgrades, could bypass Russia on route to Europe

Improvements to Turkey’s railway network – which a Turkish official says China could provide – would create a new, quicker path for Europe-bound freight.

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China Economy

Going big on GDP, Chinese regions unveil ambitious targets for 2025

Bold goals for local gross domestic product growth seen as shoring up confidence early while lining up with China’s long-term objectives.

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A residential complex is under construction in China’s Jiangsu province, where the capital city of Nanjing expects its economy to grow by 5.5 per cent this year, surpassing last year’s growth. Photo: AFP

China Economy

Why China’s solar firms face ‘too much uncertainty’ in US amid Trump’s return

A saturated Chinese market and rising trade barriers overseas take shine off solar panel makers’ prospects.

Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Global Economy

Will Trump’s hard line on China tariffs put US farmers in Beijing’s crosshairs?

China, the world’s largest soybean consumer, now gets most of its supply from Brazil, but securing a new trade deal with the US could protect American farmers’ interests.

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Global Economy

British chancellor angles for reset in relations, trade on China trip

UK Chancellor of the Exchequer Rachel Reeves has relaunched a dormant financial dialogue with China as part of a broader warming of ties.

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Global Economy

China EV giant BYD hits skids in Brazil as ‘slavery-like’ claims slam workforce

China’s labour practices are driving a wedge between the world’s biggest EV maker and efforts to expand globally in areas where employee protections are paramount.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Global Economy

Chinese firms face stumbling blocks abroad: competitive mindsets may turn messy

Overseas scandals, setbacks shine light on problematic nature of deeply ingrained business mentality. And the less they notice your Chinese identity, the better, some say.

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Global Economy

Chinese firms ‘going global’ learn important lesson: integrate, or die

As China’s companies move to emerging markets, they find clients wanting infrastructure and pathways to local development as well as products.

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Global Economy

Open Questions | US diplomat and economist Robert Hormats on ‘embedded competition’ with China

Veteran diplomat and economist untangles twists and turns of a full China-US decoupling, says differences should be managed carefully.

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Illustration: Henry Wong
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OPINION
Lucio Blanco Pitlo III

Opinion | Manila and Beijing can still choose cooperation over conflict

Lucio Blanco Pitlo III
Zhou Xin

My Take | China’s tech upgrade keeps export machine roaring despite US tariffs

Zhou Xin
Wang Xiangwei

Opinion | Trump’s tariffs might be just what China’s ailing economy needs

Wang Xiangwei
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Mike Rowse

Opinion | Hong Kong faces hard choices on spending to fix its budget deficit

Mike Rowse
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Chris Rowley

Opinion | China’s work culture must change to give young people hope again

Chris Rowley
Anthony Rowley

Macroscope | Biden’s blocking of US Steel deal latest sign of globalisation in retreat

Anthony Rowley
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MULTIMEDIA
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BYD ‘slavery-like conditions’ strain China-Brazil relations

02:18
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China’s first civil manned airship delivered

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Will Japan’s economy recover under a new leader?

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Trump rally shooting T-shirts sold on China’s Taobao

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TRENDING TOPICS
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Chinese cancel Thai holidays as actor Wang Xing’s kidnapping fuels safety fears

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Open Questions | US diplomat and economist Robert Hormats on ‘embedded competition’ with China

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China’s investors, tourists hit pause to size up risks of turmoil in Seoul

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Chinese firms ‘going global’ learn important lesson: integrate, or die