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Tourists pose for photos on the Bund in Shanghai. The city has outlined a three-year plan to attract more inbound tourism. Photo: Xinhua

China Economy

Shanghai’s new plan to lure foreign tourists: mega-events and Peppa Pig

The Chinese city has outlined a three-year strategy to boost inbound tourism that aims to move beyond its historic landmarks.

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The custodian of a third of China’s US$3.2 trillion reserves is hiring in Hong Kong

80 global executives to gather in Beijing for key annual summit

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Global Economy

Will a Trump-Xi summit make headway on trade? Analysts are doubtful

Even if a meeting between Chinese and US leaders takes place, analysts said numerous factors would reduce the likelihood of a sweeping trade deal.

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A complex global trade environment makes the chances of a major deal between China and the US difficult, even if a leaders’ summit occurs in the coming months. Photo: Reuters
A complex global trade environment makes the chances of a major deal between China and the US difficult, even if a leaders’ summit occurs in the coming months. Photo: Reuters

China

Trump says Xi will visit US, Taiwan holds combat drills: SCMP daily highlights

From Trump’s remarks on Xi to calls for wider social safety net in China, here’s a round-up from today’s China coverage.

Banking & Finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

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Policy

Chinese economist calls for bold action to fill climate leadership vacuum

Former central bank official says China can take up position abdicated by US if it adopts a strategy of mutual benefit in climate policy.

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China’s vast green energy capacity makes it a natural candidate for climate leadership in the United States’ absence. Photo: NurPhoto via Getty Images
China’s vast green energy capacity makes it a natural candidate for climate leadership in the United States’ absence. Photo: NurPhoto via Getty Images

China Economy

As export growth slows, China looks to integrate exporters into domestic market

Beijing aims to help its vast export sector ride out the trade war by working with firms to expand their domestic sales.

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China EVs

BYD shares surge on unveiling of ‘fast as gas’ charging tech

The new battery and charger platform from the world’s biggest EV maker operates at 1 megawatt, twice the power of Tesla’s fastest offering.

Policy

China reveals economic data on service robots for the first time

Service robots outperformed industrial robots in both growth and output in January and February, according to the statistics bureau.

A senior resident at a nursing home in Shenzhen interacts with Xia Lan, a humanoid robot. Photo: Xinhua

Policy

Chinese economists call for wider social safety net to nurture consumption

With trade becoming a less reliable source of growth, Chinese academics have recommended demand-side measures to spur domestic spending.

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China’s domestic consumption has taken on greater importance in an increasingly uncertain environment for international trade. Photo: EPA-EFE
China’s domestic consumption has taken on greater importance in an increasingly uncertain environment for international trade. Photo: EPA-EFE

Money & Wealth

Trump’s tariffs will slow China’s economy and impede global trade, OECD finds

Chinese economy is seen to grow 4.8 per cent this year, with any decline in demand felt across multiple industries and regions.

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China Economy

Explainer | What is actually in China’s new plan to boost consumer spending?

The Post breaks down Beijing’s new 30-point action plan, which targets a slew of underlying issues holding back consumption.

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China

China’s plan to boost spending, radical cancer treatment: SCMP daily highlights

From China’s new policy to boost consumer spending to a pioneering cancer treatment, here’s a round-up from today’s China coverage.

Shoppers walk along Nanjing Road in central Shanghai. China is striving to boost consumption amid a slowing economy. Photo: Shutterstock

China Economy

China tests huge transport drone capable of airlifting over 1 ton of goods

The TP1000, which completed its maiden flight on Saturday, has a larger payload and longer range than any previous unmanned transport aircraft in China.

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The TP1000 is China’s first unmanned transport aircraft capable of hauling over 1 ton of goods. Photo: CCTV
The TP1000 is China’s first unmanned transport aircraft capable of hauling over 1 ton of goods. Photo: CCTV

Banking & Finance

Chinese EV battery maker CATL to see strong growth in 2025: analysts

US investment bank Jefferies raises CATL price target after company reports record profit for 2024.

China Economy

China’s new plan to boost consumption is ‘most comprehensive’ since 1970s

The 30-point strategy to drive up consumer spending tackles a slew of underlying issues, from low wages to the real estate crisis.

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China Economy

‘Buy a robot for retirement’? China’s androids are set to change everyday life

While they are not yet capable of performing a wide range of everyday tasks, rapid development promises a bright future for humanoid robots, including in elder care.

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Illustration: Henry Wong
Illustration: Henry Wong

Global Economy

How China’s humanoid robot innovations fuel cutthroat competition with US

China, fuelled by recent successes from DeepSeek and Unitree, is making a play for pole position in humanoid robots. Can the US hold its ground?

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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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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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Illustration: Lau Ka-kuen
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OPINION
Lizzi C. Lee

Opinion | What was unsaid at China’s ‘two sessions’ and why it matters

Lizzi C. Lee
Nicholas Spiro

The View | Asia’s commercial property market growing in diversity and complexity

Nicholas Spiro
Zhou Xin

My Take | Will AI and robots drive China’s next consumer spending spree?

Zhou Xin
Stephen Roach

Opinion | China knows economic challenges lie ahead. Is it ready for them?

Stephen Roach
Robert Delaney

On Balance | How the allure of US exceptionalism is fading for Canada

Robert Delaney
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Tianqi Xu,Shanshan Li

Opinion | Adhering to reforms can help Beijing pop ‘Peak China’ bubble

Tianqi Xu
Shanshan Li
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MULTIMEDIA
Video

China vows to retaliate as US steel tariffs take effect

China vows to take ‘all necessary measures' after imposition of latest US tariffs
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China hits back at US with reciprocal tariffs

China hits back at Trump with reciprocal tariffs, sanctions on US firms
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What would the closure of USAID mean for Asia?

‘We all will die’: What would the end of USAID mean for Asia's most vulnerable?
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BYD ‘slavery-like conditions’ strain China-Brazil relations

Brazil officials say Chinese EV maker BYD subjected workers to ‘slavery-like conditions’
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TRENDING TOPICS
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China’s new plan to boost consumption is ‘most comprehensive’ since 1970s

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