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US President Donald Trump, seen here at the White House on Wednesday, said attacks on Iran could continue for the next two to three weeks. Photo: AP

Global Economy

Trump’s ex-China mineral-alliance plan faces cost surge amid Iran war oil shock

Analysts say Middle East turmoil is elevating commodity input costs, affecting processing efforts and prompting push for ‘friendshoring’ to secure resources.

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China EV makers surge back in March as subsidies and financing spur demand

‘False proposition’: state media hits ‘China shock’ as cover for Western anxiety

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Economy

Energy transition goals in China’s 15th five-year plan

China’s 15th five-year plan will lay out plans for reaching its “dual carbon” goals, and targets under the Paris Agreement, as it seeks to replace energy from fossil fuels with renewables.

Energy transition goals in China’s 15th five-year plan

China Economy

Open Questions | Iran war to test China’s self-reliance, Goldman Sachs economist says

Andrew Tilton, Goldman’s chief Asia-Pacific economist, on Iran conflict’s impacts, why exports continue to drive China’s growth and an end to its housing slump.

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China Economy

Premier Li Qiang pushes AI-powered, next-gen energy system amid global shocks

Beijing is moving to modernise the power grid, putting innovation and flexibility at the heart of its strategy.

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China Economy

Chinese airline regulator faces dilemma as Iran war sends fuel costs soaring

Pending announcement from regulator, two airlines reveal plans for sixfold increase in surcharges.

A China Eastern Airlines plane takes off from Shanghai Hongqiao International Airport. Photo: Xinhua
A China Eastern Airlines plane takes off from Shanghai Hongqiao International Airport. Photo: Xinhua

Economy

Canada’s finance minister visits China as both countries seek to bolster ties

Francois-Philippe Champagne’s four-day trip comes close on the heels of Canadian Prime Minister Mark Carney’s visit to Beijing in January.

Global Economy

Qiushi reaffirms China’s trade push, calls old export-led growth ‘unsustainable’

Global tensions, weak high-end exports, and record trade surpluses are spurring a strategic shift to boost imports, develop services trade and deepen market integration.

Business

Top Chinese developers’ losses mount as debt overhaul props up operations

Analysts say subdued demand and cautious buyers persist, with one-off debt restructuring masking deeper losses in the sector.

A residential building under construction by China Vanke in Hangzhou, Zhejiang province, in March 2024. Photo: AFP

China Economy

US lawmakers call for major crackdown on China’s alleged sanctioned oil imports

Bipartisan panel argues sanctions have concentrated discounted oil in Beijing's hands – charges the Chinese government denies.

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This aerial picture taken on October 1, 2025 off the coast of the western France port of Saint-Nazaire shows the tanker Boracay from one of Russia’s “shadow fleets”. Photo: AFP
This aerial picture taken on October 1, 2025 off the coast of the western France port of Saint-Nazaire shows the tanker Boracay from one of Russia’s “shadow fleets”. Photo: AFP

China Economy

Australia and Japan face jet fuel supply crunch as China cuts exports

Both Australia and Japan are heavily reliant on Chinese jet fuel, but shipments have plunged in recent weeks amid the Iran war.

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China Economy

China builds record-breaking underwater tunnels to unite eastern, western hubs

China is building new high-speed rail lines that dive underneath major waterways, providing fast services without disrupting shipping traffic.

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China Economy

China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser

As US-Israel war with Iran sends prices up, a monetary expert says impact on China depends on conflict’s severity, while higher energy costs are worrying.

Drivers line up to refuel at a petrol station in China’s Jiangsu province last week, amid concerns about rising energy prices due to the ongoing Middle East conflict. Photo: EPA

China Economy

3 Chinese ships exit Strait of Hormuz as PetroChina stresses operations stable

PetroChina chairman addresses annual results conference as three Chinese vessels transit Strait of Hormuz and Iran passes law on transit fees.

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Cargo ships in the Persian Gulf, near the Strait of Hormuz, on March 11. Photo: Reuters
Cargo ships in the Persian Gulf, near the Strait of Hormuz, on March 11. Photo: Reuters

Big Tech

Shenzhen activates China’s first 10,000-card AI cluster with Huawei’s chips

Hub launches new cluster built with Huawei advanced chips, delivering 11,000 petaflops of computing power in push for home-grown tech.

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China Economy

Explaining China’s trade probe announcements

SCMP Plus annotates announcements by China’s Ministry of Commerce of two trade barrier investigations in response to the United States’ Section 301 probes intended to justify reimposing higher tariffs on trading partners.

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Global Economy

Why America’s brute-force effort on rare earths may not work against China

China spent decades carving out a commanding lead in the rare earth realm. Now the US wants its old piece of the supply chain back – is it still within reach?

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Illustration: Henry Wong
Illustration: Henry Wong

Global Economy

Chinese ‘vertical dramas’ are booming in America. Should Hollywood be worried?

Chinese platforms hosting bite-size soap operas about werewolves and mafia dons are drawing big audiences – and shaking up the streaming market.

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China Economy

As megacities slow, China’s smaller counties lead as new consumer hotspots

Survey last year found that nearly 80 per cent of consumers in China’s third- and fourth-tier cities were optimistic about the economy.

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China Economy

China rises up ‘elite quality’ league table as AI investment booms

China ranked 19th in the latest Elite Quality Index, which assesses whether national elites create sustainable value for their countries.

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Visitors watch humanoid robots fight at the Unitree Robotics booth during the World Robot Conference in Beijing. China has invested heavily in artificial intelligence, robotics and other emerging sectors in recent years. Photo: Reuters
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OPINION
Nicholas Spiro

Macroscope | Asian central banks largely powerless in face of Iran war energy shock

Nicholas Spiro
David Tingxuan Zhang

Opinion | Reinflate the property sector? No, China wants an ambitious redesign

David Tingxuan Zhang
Chris Pereira

Opinion | Global businesses are piling back into China, drawn by its stability

Chris Pereira
Alex Lo

As I see it | Why China is always misunderstood and misrepresented

Alex Lo
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Marco Vicenzino

Opinion | In age of US-China rivalry, supply chain statecraft counts

Marco Vicenzino
Anthony Rowley

Macroscope | Iran war’s ripple effects are just getting started for Asia

Anthony Rowley
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MULTIMEDIA
Video

Iran war sparks fuel crises in parts of Asia

Clients queue at a gas station amid rising petrol prices in Karachi on March 7, 2026. (Photo by Rizwan TABASSUM / AFP)
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German leader greeted by robot dance troupe in China

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Chinese tourists have a new favourite country this Lunar New Year

South Korea now tops the list of Lunar New Year destinations for Chinese travellers amid heightened tensions between China and the former top destination, Japan.
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With Maduro out, are Chinese investments in Venezuela at risk?

US move calls into question China’s future financial commitments in Latin American country, potentially hurting Beijing’s regional strategy.
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TRENDING TOPICS
China trade
China manufacturing
China's economic recovery
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China builds record-breaking underwater tunnels to unite eastern, western hubs

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Open Questions | Kenneth Rogoff on why China’s yuan will be a reserve currency within 5 years

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3 Chinese ships exit Strait of Hormuz as PetroChina stresses operations stable

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