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As Beijing seeks to promote further international use of the yuan, the composition of China’s forex reserves is coming under scrutiny. Photo: DPA

China Economy

Does China need world-leading forex reserves? Globalising yuan revives debate

As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange stockpile.

China’s AI edge built on power grid, open-source models: Alibaba’s Joe Tsai

Gold slides as hawkish Fed and strong US dollar override geopolitical fears

China Economy

International capital flowing to China as investors seek certainty amid Iran war

Conflict in the Middle East and growing global turbulence following US-Israeli strikes against Iran has seen foreign investors look to China.

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The US-Israel war on Iran has resulted in international capital flowing to Hong Kong as China is considered a stable and certain option. Photo: SCMP
The US-Israel war on Iran has resulted in international capital flowing to Hong Kong as China is considered a stable and certain option. Photo: SCMP

China Economy

Premier Li Qiang calls for global pledge to open up amid ‘power politics’

Li’s opening address to China Development Forum indirectly rebukes US as he states protectionism is no ‘panacea’ for solving problems.

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China Economy

AI, flying cars drive economic transition in China’s Kunshan

City at heart of Yangtze River Delta region sees new tech dreams emerge as old ones based on mass production of electronics fade.

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China

China reports ‘stunning’ critical minerals finds as hi-tech US race heats up

Surveys in Sichuan reveal fresh reserves of rare earth oxides as well as ‘super-large’ deposits of fluorite and baryte.

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Fluorite, also known as fluorspar, is a critical mineral used in the semiconductor and lithium-ion battery industries. Photo: Handout
Fluorite, also known as fluorspar, is a critical mineral used in the semiconductor and lithium-ion battery industries. Photo: Handout

China Economy

China’s exports are booming – so why are plants in this factory hub closing?

Dongguan reflects a growing polarisation in the Chinese economy, with many factories and workers left behind as hi-tech firms surge ahead.

China Economy

Middle East oil shock sparks global airfare rises, with 9% increases feared

Surging jet fuel prices are pushing airlines – including several Chinese carriers – to raise fares, with a warning of 9 per cent price rises.

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Economy

Exclusive | Japanese executives absent from China’s key annual summit amid tensions: sources

Nearly 80 executives from foreign firms, with those from the US making up the largest group, will attend the two-day forum.

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Chinese Premier Li Qiang delivers a keynote speech at the opening ceremony of the China Development Forum, in Beijing, on March 23, 2025. Photo: Xinhua

China Economy

China adds 12 banks to digital yuan system, expanding e-CNY’s economic presence

More than doubling the number of institutions using digital yuan in day-to-day operations, China is deepening the currency's role in its financial system.

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A security guard drinks from a bottle near an ad for e-CNY, or digital yuan, in Beijing on August 31, 2022. Photo: AP
A security guard drinks from a bottle near an ad for e-CNY, or digital yuan, in Beijing on August 31, 2022. Photo: AP

China Economy

How China plans to use new law to further its financial superpower ambitions

The draft finance law, released by the Ministry of Justice, central bank and three other regulators, will solicit feedback until April 19.

Global Economy

US loses, Europe gains: what’s happening with China’s rare earth magnet exports?

Latest data shows a persistent drop in US-bound shipments and rising European imports.

China Economy

China’s Russian oil imports spike in early 2026, but Iran war changes outlook

China’s need to bolster crude stockpiles amid rising geopolitical risks likely to have been a factor behind pre-war import surge, analyst says.

An attendant holds a petrol nozzle after refuelling a car at a petrol station in Beijing last week. China imported 159.79 million barrels of Russian crude in the first two months of the year. Photo: Reuters

China Economy

Strait of Hormuz tensions rise as Iran reportedly charges ships for safe passage

Around 20,000 seafarers are still stuck in the Gulf as Tehran reportedly charges at least one tanker about US$2 million to pass through the strait.

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A liquefied petroleum gas tanker is anchored near the Strait of Hormuz, which remains almost entirely closed to shipping traffic amid the US-Israeli war on Iran. Photo: Photo: Reuters
A liquefied petroleum gas tanker is anchored near the Strait of Hormuz, which remains almost entirely closed to shipping traffic amid the US-Israeli war on Iran. Photo: Photo: Reuters

China Economy

How China’s Hainan reinvented itself as Hong Kong’s rival – and partner

The island province has become a low-tax gateway and is ready to tap Hong Kong’s strengths in finance, research and other sectors, officials say.

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Global Economy

‘Not easy’: Japan mulls building its own LNG carriers amid Iran energy crisis

China and South Korea dominate global production of vessels for carrying natural gas, but Japan now sees industry as key to its energy security.

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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
Anthony Rowley

Macroscope | Trump’s war is uniting the world, just not how he might have expected

Anthony Rowley
Lizzi C. Lee,Huiyan Li

Opinion | To unlock consumption, China must go local

Lizzi C. Lee
Huiyan Li
David Dodwell

Outside In | As Iran war escalates, the US ramps up its trade war

David Dodwell
Lijia Zhang

Opinion | China’s high household savings reflect old values and new anxieties

Lijia Zhang
Nicholas Spiro

Macroscope | China is weathering the Iran war oil shock better than others in Asia

Nicholas Spiro
Jeffrey Wu

Opinion | China is re-engineering its economy for a more complex world

Jeffrey Wu
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MULTIMEDIA
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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
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Papers please: China raises pressure on Panama with ship inspection wave

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