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Economy

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China Future Tech

A Midea PortaSplit air conditioner is pictured at Midea’s German R&D Centre on Tuesday. Photo: Xinhua

Global Economy

Why is a Chinese-made portable AC selling out across heat-stricken Europe?

Popularity of Midea’s PortaSplit fuels resale mark-ups and expedited shipping as renters favour plug-and-play cooling amid installation barriers.

5 Jul 2026 - 4:00PMvideocam

Why has China lowered its own ranking in global financial competitiveness?

5 Jul 2026 - 2:00PMvideocam

‘No one watching’: China’s unemployed find sanctuary in Communist Party centres

5 Jul 2026 - 10:00AMvideocam

China Business

After hooking China on coffee, Starbucks ramps up consumer strategy

Now that the chain has Chinese consumers hooked on coffee, it is attempting to become part of local consumer culture, analysts say.

5 Jul 2026 - 9:00AM

A woman checks her phone next to a Starbucks cart in Beijing. Photo: AFP

Global Economy

Currency advantages, K-beauty fuel Chinese shopping trips, spending in Korea

Chinese tourists in Seoul are turning tourist trips into shopping sprees, as a softer won makes luxury and lifestyle services more affordable.

4 Jul 2026 - 4:00PMvideocam

China Economy

Further to fly? Shenzhen poised to add more international flights

Shenzhen Baoan Airport could add more routes as China’s aviation regulator considers easing requirements for intercontinental flights.

4 Jul 2026 - 10:00AM

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China Economy

China to scrap tax breaks for NEVs and energy-saving vehicles from 2027

Announcement by central government ministries extends the withdrawal of incentives for new-energy vehicles and energy-saving cars.

3 Jul 2026 - 10:16PM

A driver charges an electric vehicle (EV) in Taizhou, east China’s Jiangsu province on January 22, 2026. China has built an extensive charging network in the world's biggest EV market. Photo: Xinhua

China Economy

China unveils recycling push to bolster resource security, shore up green shift

The nation seeks to narrow the gap with regional peers such as Japan and South Korea by establishing a more comprehensive, granular recycling infrastructure.

3 Jul 2026 - 9:00PMvideocam

China Economy

AI skills required for 4 out of 10 graduate jobs in China: recruitment portal

University of Hong Kong professors say ‘messy jobs’ that span multiple tasks more immune to challenges posed by technology.

3 Jul 2026 - 8:00PM

China Business

China’s BYD surpasses Tesla to regain lead in global EV race

The electric vehicle manufacturer has retaken the crown after pulling ahead in overseas shipments.

3 Jul 2026 - 6:00PM

Diplomacy

China-EU progress, Xi touts ‘global influence’, Nato summit

This week: China signals openness to cutting EU trade gap, President Xi hails Communist Party’s ‘significant global influence’ and factory activity returns to expansion. Next week: Nato summit takes place in Turkey, US moves towards new tariffs, Kung Fu Soccer may hit the screens, and more.

3 Jul 2026 - 5:02PM

Photo: CN-STR/AFP

Global Economy

China’s economic clout boosts ‘passport power’, index finds

Chinese travellers are gaining easier access to destinations worldwide, even as they still require visas for more countries than they can enter freely.

3 Jul 2026 - 4:00PM

Companies

Court orders Chinese tea chain to pay Louis Vuitton US$1.5m in trademark row

Shenzhen-based Molly Tea says it plans to appeal against the ruling.

3 Jul 2026 - 4:00PM

Global Economy

German government pledges to defend trade, signalling tougher China stance

Country’s ruling coalition agrees on 34-point package to revive ailing German economy as Chinese imports surge.

3 Jul 2026 - 3:09PM

German Chancellor and leader of the Christian Democratic Union Friedrich Merz attends a news conference with other coalition leaders following a meeting in Berlin on Thursday. Photo: Reuters

China

Chinese tech cuts desalination cost; light plane crash dilemma: 7 highlights

From UBTech’s lifelike humanoid robots to Filipinos choosing to holiday abroad, here are highlights from SCMP’s recent reporting.

3 Jul 2026 - 12:36PM

A drinking water treatment technology and distribution plant. Photo: Shutterstock

China Economy

China reshapes dollar holdings

China’s direct holdings of US Treasuries fell to an 18-year low in April as the country shifts to buying the bonds via Europe, as well as diversifying the make-up of its reserves.

3 Jul 2026 - 11:56AM

China Economy

Potential US ban on Chinese inverters would harm local power industry: firms

America’s need for inverters is growing amid boom in renewable energy demand driven by AI race – and China is the dominant global supplier.

3 Jul 2026 - 2:51AMvideocam

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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?

6 Aug 2025 - 10:14AMvideocam

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.

17 Aug 2025 - 7:51AM

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.

15 Aug 2025 - 8:41AMvideocam

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.

15 Aug 2025 - 9:00PMvideocam

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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How China’s malls are trying to stay relevant

Wire

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

The Iran war is going to hurt your skincare routine

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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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