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Canadian Finance Minister Francois-Philippe Champagne. Photo: EPA

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.

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

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

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
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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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.

Explaining China’s trade probe announcements

China Economy

China sails into AI era with ambitious smart shipping targets

Pilot zones and more than 100 smart vessels are part of Beijing’s strategy to bolster maritime operations and address bottlenecks.

The 15th five-year plan has elevated China’s AI Plus initiative into a top national priority, and the maritime sector is set to benefit. Photo: Shutterstock
The 15th five-year plan has elevated China’s AI Plus initiative into a top national priority, and the maritime sector is set to benefit. Photo: Shutterstock

China Business

South Korea turns to Russia for naphtha as Asia’s chip industry feels squeeze

South Korea’s return to Russian naphtha – vital for semiconductor manufacturing – highlights Asia’s fragile supply chain amid Iran conflict.

China Economy

Amid soaring airfares, Chinese bookings up 20% ahead of Ching Ming holiday

Global instability fails to deter Chinese holidaymakers with airlines selling 2.04 million tickets in the lead-up to Ching Ming Festival.

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Global Economy

Will Iran’s strikes on Gulf smelters strengthen China’s aluminium dominance?

Analysts say disruption at plants could shift more output to China, which already produces more than half of global supply.

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A drone view shows an employee working on the production line of aluminium products at a factory in Huaibei, Anhui province, China, in February 2025. Photo: Reuters

Global Economy

How the Hormuz attacks stoke oil-shock fears and memories of 1970s stagflation

A timeline of past oil shocks is seen offering ‘clear lessons’ for today’s Strait of Hormuz crisis, with an eye on ripple effects and contingency tools.

Transport ships are seen anchored in Muscat, Oman’s port capital, on March 9, amid risks of travelling through the Strait of Hormuz due to the US-Israel conflict with Iran. Photo: Reuters
Transport ships are seen anchored in Muscat, Oman’s port capital, on March 9, amid risks of travelling through the Strait of Hormuz due to the US-Israel conflict with Iran. Photo: Reuters

China Economy

How China’s massive pig farms created a serious pork supply glut

Vast hog farms – some rising 26 storeys high – have caused China’s pig herd to swell, but consumers dislike the industrially produced meat.

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China Economy

China’s sci-fi industry rides a tech wave as revenues hit record high

China’s sci-fi industry has built on the success of breakout hits like ‘The Three-Body Problem’, with revenues up over 15 per cent last year.

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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
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
Genevieve Donnellon-May

Opinion | Why China’s space-based solar power is the next frontier of green energy

Genevieve Donnellon-May
Nicholas Spiro

Macroscope | Iran war: Why a Trump climbdown won’t save Asia’s economies

Nicholas Spiro
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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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China still on track to supplant US as world’s No 1 economy in 10 years: academic

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China’s airlines add 2,900 flights to Europe as Russia access pays dividends

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How the Iran war could pave the way for the rise of China’s ‘petroyuan’

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

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