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Visitors inspect a BYD Atto 2 electric vehicle during the Big Motor Sale 2026 automotive showcase in Bangkok, Thailand, on August 21. Photo: EPA

China EVs

BYD posts US$1.2 billion profit in second quarter on surging global demand

The Chinese EV giant beat market estimates in the second quarter, as booming exports helped offset a prolonged decline in the domestic market.

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China moves to stabilise property sector with ‘stronger-than-expected’ package

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China and Russia aim to boost Arctic shipping route’s competitiveness

China Economy

Uncertainty over CATL lithium mine restart could fuel price volatility: analysts

The latest hold-up has yet to meaningfully roil lithium carbonate prices but the impact may be felt during the fourth-quarter.

An ad for CATL is displayed on Nanjing East Road in Shanghai, July 14, 2026, following the launch of its new ultra-fast EV battery. Photo: NurPhoto via Getty Images
An ad for CATL is displayed on Nanjing East Road in Shanghai, July 14, 2026, following the launch of its new ultra-fast EV battery. Photo: NurPhoto via Getty Images

China Economy

China’s Micbot trains robots to withstand the heat of Saudi Arabian oil industry

AI-powered quadrupeds, designed for extreme conditions and hazardous sites, are undergoing tests in China as Micbot awaits Aramco’s mass-procurement decision.

Diplomacy

Xi-Trump summit plans, Nepal disaster, SCO summit

This week: President Xi Jinping may take China business delegation to US and sign trade-war truce extension with Trump, hundreds killed in Nepal-China disaster, Alibaba holds record Hong Kong share sale. Next week: Xi attends SCO summit, Shein begins trading after long-delayed IPO, August PMI may show factory slowdown and more.

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China Economy

Will minimum-wage increases in more Chinese regions help boost consumption?

Guangdong, Shanxi and Xinjiang have announced plans to introduce increases of 10 per cent or more in the next few months.

A worker shovels coal at the Zhundong open-pit coal mine in Xinjiang. Photo: Xinhua
A worker shovels coal at the Zhundong open-pit coal mine in Xinjiang. Photo: Xinhua

Global Economy

Chinese power stocks slump after US grid ban: is the sell-off warranted?

Sungrow and Sieyuan shares fell sharply after Washington’s order, but analysts say markets may be overlooking enforcement hurdles and strong global demand.

China

US visa interviews on hold; China slams fresh sanctions over Iran: 7 highlights

From catastrophic flash floods at the China-Nepal border to a sacked Malaysian academic, here are top stories from SCMP’s recent reporting.

Global Economy

China and Iran sanctions: Beijing’s red lines and retaliation options

Washington’s new measures seen testing a recent bilateral detente with Beijing, and room for escalation remains, threatening trade, payments and supply chains.

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US President Donald Trump (right) walks with President Xi Jinping in Beijing on May 15. Photo: Evan Vucci/Pool via AP

Policy

PBOC cautious on yuan gains despite US dollar weakness: analysts

Compared with a more than 2 per cent decline in the US dollar index since late July, the yuan gained less than 1 per cent against the dollar.

Chinese yuan and US dollar banknotes are seen in this arranged photo taken April 9, 2025. Photo: dpa
Chinese yuan and US dollar banknotes are seen in this arranged photo taken April 9, 2025. Photo: dpa

China Economy

Vice-Premier Ding signals fiscal reform to ease pressure on local governments

Ding Xuexiang discusses a fiscal reset through expanded local discretion, bigger outlays from the central government and scientific fiscal management pilots.

China Economy

China must ‘take all necessary measures’ to secure autumn harvest: Li Qiang

During an inspection tour in northeastern China, Premier Li says advanced tech can protect crop yield.

China Economy

‘On-the-ground exports’: Shanghai turns to foreign tourists to boost consumption

Inbound visitors are considered a low-cost initiative to address the nation’s consumption figures.

Tourists from Russia take a selfie at the Bund area in Shanghai. Photo: Xinhua

China Economy

China’s steel sector must avoid US rust belt’s fate: party journal

Trade barriers, oversupply and falling export prices are squeezing steel producers as the Qiushi Journal warns against letting the industry contract.

A worker polishes a steel bicycle rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province. Photo: Reuters
A worker polishes a steel bicycle rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province. Photo: Reuters

China Economy

How will US ‘D-Day’ threat against Iranian economy impact China’s oil supply?

As northern hemisphere prepares for winter, analysts say latest US sanctions would not deter China from purchasing Iranian oil.

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China Economy

Fuelling future growth: China targets hi-tech pillars by 2030 to beat headwinds

Beijing bets on next-generation manufacturing – and stricter industrial oversight – to secure its economic strategy.

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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
Bao Yinan

Opinion | US and China must team up to keep maritime trade routes free and safe

Bao Yinan
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Nicholas Spiro

Macroscope | US markets are paying the price for Trump’s reckless policies

Nicholas Spiro
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Bob Savic

Opinion | Deutsche Bank’s yuan mandate boosts Chinese currency’s global reach

Bob Savic
Bernard Chan

Opinion | As China shows, liberal capitalism is not the only path

Bernard Chan
10
Nicholas Spiro

Macroscope | Japan isn’t the only Asian economy giving bond markets a headache

Nicholas Spiro
Jeffrey Wu

Opinion | Chinese overcapacity isn’t a numbers problem. It’s a productivity gap

Jeffrey Wu
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MULTIMEDIA
Video

How China’s malls are trying to stay relevant

Wire
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Video

World’s top condom maker to raise prices over Iran war

ONE condoms by Karex on display in Petaling Jaya, Malaysia April 21, 2026. REUTERS/Hasnoor Hussain
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Video

The Iran war is going to hurt your skincare routine

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Video

Small hobby businesses hit by rising costs from Iran war

Thai figurine studio founder calls for an urgent lifeline to help small businesses stay afloat
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TRENDING TOPICS
China trade
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Open Questions | US economist Barry Eichengreen on how de-dollarisation could actually look

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China and Iran sanctions: Beijing’s red lines and retaliation options

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Trump says China drives anger at US data centres. These residents disagree

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