https://www-scmp-com.libproxy1.nus.edu.sg/rss/318421/feed China economy news, including budget, the stock market and analysis. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Xiaofei Xu Xiaofei Xu A former CIA official has called for Washington to spy on foreign companies to help US firms stay ahead in the technology race, in what would represent a break from long-standing US policy amid intensifying competition with China. “The US lead in many crucial advanced technologies is being contested or even erased by China,” wrote David Cohen, who served as deputy director of the Central Intelligence Agency under Presidents Barack Obama and Joe Biden, in an article published by Foreign Affairs... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372475/us-should-spy-chinese-firms-maintain-edge-tech-race-ex-cia-official https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372475/us-should-spy-chinese-firms-maintain-edge-tech-race-ex-cia-official Thu, 29 Oct 2026 01:00:12 +0000 Mandy Zuo Mandy Zuo As China enters autumn, a dark, furry-clawed crustacean – no larger than a human palm – becomes one of the most sought-after delicacies in the country. Chinese hairy crabs, a national obsession traditionally raised in the freshwater lakes of the Yangtze River Delta, are now being farmed on a stretch of salt-affected alkaline wasteland in the northwest province of Shaanxi. The area along Yellow River floodplains is unsuitable for conventional crops, but farmers have transformed over 600 hectares... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372471/hairy-crabs-soybeans-china-looks-vast-salt-affected-wastelands-agriculture https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372471/hairy-crabs-soybeans-china-looks-vast-salt-affected-wastelands-agriculture Wed, 28 Oct 2026 15:00:08 +0000 Sherry Wang Sherry Wang China’s Yangtze River Delta grew faster than the national economy in the first three quarters of the year, accounting for about a quarter of national output – a performance analysts said would help lay the foundation for Beijing to meet its annual national growth target. But they also cautioned that exports and hi-tech manufacturing alone could not sustain longer-term growth without a recovery in sluggish domestic demand. The combined gross domestic product of Shanghai, Jiangsu, Zhejiang and... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372451/how-chinas-yangtze-river-delta-helping-keep-beijings-gdp-target-track https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372451/how-chinas-yangtze-river-delta-helping-keep-beijings-gdp-target-track Wed, 28 Oct 2026 10:30:08 +0000 Frank Chen Frank Chen The wide gulf in average annual wages between China’s private and non-private sectors continued to expand in 2025, while regional disparities also remained stark, with Tibet continuing to outshine some coastal provinces in income levels. The findings, based on the latest data released by the National Bureau of Statistics this week, underscore the yawning sectoral and regional divides in the world’s second-largest economy. Workers in China’s non-private sector – including government and... https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3372438/chinas-private-sector-wages-waver-gap-widens-non-private-firms https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3372438/chinas-private-sector-wages-waver-gap-widens-non-private-firms Wed, 28 Oct 2026 10:00:18 +0000 Chong Ming Lee Chong Ming Lee For three decades, Lao Gan Ma’s glass jars, bearing the stern portrait of founder Tao Huabi, have been a fixture on Chinese dinner tables and a symbol of traditional food manufacturing. This week, however, the iconic chilli sauce has become an unlikely focus of public anxiety over artificial intelligence. Online rumours that the Guizhou-based company had replaced hundreds of factory workers with AI went viral, prompting boycott threats and highlighting growing public unease over the impact of... https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3372414/how-lao-gan-ma-chinas-iconic-chilli-brand-got-caught-ai-storm https://www-scmp-com.libproxy1.nus.edu.sg/tech/tech-trends/article/3372414/how-lao-gan-ma-chinas-iconic-chilli-brand-got-caught-ai-storm Wed, 28 Oct 2026 08:00:12 +0000 Emma Ma Emma Ma Against a backdrop of geopolitical strains in the Middle East, the Yulan renminbi bond structure has made its debut in Dubai, garnering strong investor interest with its order book more than five times oversubscribed, as global investor appetite for yuan assets remains firm. Bank of China Dubai rang the listing bell at Nasdaq Dubai on Tuesday for its offshore bond, issued under the Yulan structure. Priced at 2 billion yuan (US$299.6 million) with a two-year tenor, the deal tightened 50 basis... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372411/yulan-bond-debuts-dubai-amid-beijings-yuan-denominated-asset-push https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372411/yulan-bond-debuts-dubai-amid-beijings-yuan-denominated-asset-push Wed, 28 Oct 2026 07:07:07 +0000 Emma Ma Emma Ma A booming semiconductor industry is helping drive a surge in trade in Xian, one of China’s ancient capitals, making it the country’s top performer by trade growth among provincial capitals and provincial-level cities for which data is publicly available. The capital of western China’s Shaanxi province recorded a 115.5 per cent year-on-year surge in trade during the first nine months of 2026. Exports far outpaced imports, climbing 142.1 per cent. Two product categories drove much of that export... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372316/how-chinas-ancient-capital-staked-claim-nations-fastest-export-growth https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372316/how-chinas-ancient-capital-staked-claim-nations-fastest-export-growth Wed, 28 Oct 2026 01:00:08 +0000 Frank Chen Frank Chen China’s energy security, now buttressed by internal resilience, has withstood a difficult test from the protracted war in the Middle East, says the head of a global energy industry body. “China has domestic production, it has developed a diversification policy and there is also the possibility to switch around different types of energy,” Andrea Stegher, president of the International Gas Union (IGU), told the South China Morning Post on Tuesday. Stegher said the world’s second-largest economy... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3372333/chinas-energy-supply-chain-withstanding-test-middle-east-war-expert-says https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3372333/chinas-energy-supply-chain-withstanding-test-middle-east-war-expert-says Tue, 27 Oct 2026 14:00:21 +0000 Xiaofei Xu Xiaofei Xu A former high-ranking official with China’s securities regulator was sentenced to death with a two-year reprieve on Tuesday over bribery charges, as Beijing continues its sweeping anti-corruption campaign. Wang Huimin, who served as a member of the Communist Party committee of the China Securities Regulatory Commission (CSRC) from 2014 to 2019, was found to have taken more than 436 million yuan (US$65 million) in bribes. “The amount involved was especially large and caused especially heavy... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3372339/china-hands-former-regulator-suspended-death-sentence-over-us65m-bribery-charge https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3372339/china-hands-former-regulator-suspended-death-sentence-over-us65m-bribery-charge Tue, 27 Oct 2026 13:35:34 +0000 Sylvia Ma,Xiaofei Xu Sylvia Ma,Xiaofei Xu French football superstar Kylian Mbappe has issued an apology after an “ill-judged” comment about China sparked intense backlash on social media and led a string of major Chinese brands to cut ties with him. After a video began circulating widely online that appeared to show the France and Real Madrid striker making a controversial remark about former Chinese leader Mao Zedong, several Chinese firms including the dairy giant Mengniu announced they were pulling out of deals with him on... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372298/football-star-kylian-mbappe-faces-huge-china-backlash-over-unacceptable-remark https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372298/football-star-kylian-mbappe-faces-huge-china-backlash-over-unacceptable-remark Tue, 27 Oct 2026 10:00:17 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China plans new measures against foreign entities that infringe on local trade secrets, a boost to its legal defences in a technology race with the United States. New rules will cover any infringement that harms or “poses a real threat to China’s national sovereignty, security and developmental interests”, according to proposals released by the commerce ministry on Monday. The window for public comment is open until November 24. The draft rules toughen China’s intellectual property protection by... https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/policy/article/3372290/china-boost-protection-trade-secrets-against-foreign-entities https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/policy/article/3372290/china-boost-protection-trade-secrets-against-foreign-entities Tue, 27 Oct 2026 09:07:08 +0000 Emma Ma Emma Ma Local tax bureaus across China are continuing to step up oversight following the expiration of the country’s grace period for the reporting of offshore trusts last Thursday, part of an ongoing push to spur voluntary tax disclosures. Municipal tax authorities in Beijing published notices for 21 individuals on the official website last Thursday – the expiry date of the 90-day grace period – ordering them to submit tax documentation linked to offshore trusts. The notices, issued to “tighten tax... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372178/chinas-tax-offices-issue-disclosure-orders-offshore-asset-grace-period-ends https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3372178/chinas-tax-offices-issue-disclosure-orders-offshore-asset-grace-period-ends Mon, 26 Oct 2026 13:30:07 +0000 Sylvia Ma,Xiaofei Xu Sylvia Ma,Xiaofei Xu China has drafted special rules to protect the country’s trade secrets and is seeking public feedback on the proposed strictures, the Ministry of Commerce said on Monday. In the draft document, the ministry said the rules apply “where a foreign entity engages in acts infringing upon Chinese trade secrets in the course of international economic, trade and related activities” and those acts endanger or pose a real threat to “China’s national sovereignty, security and development interests”. Under... https://www-scmp-com.libproxy1.nus.edu.sg/economy/policy/article/3372161/china-drafts-rules-protect-trade-secrets-foreign-entities https://www-scmp-com.libproxy1.nus.edu.sg/economy/policy/article/3372161/china-drafts-rules-protect-trade-secrets-foreign-entities Mon, 26 Oct 2026 08:28:14 +0000 He Huifeng He Huifeng From drone lasers to lightweight exoskeletons, Chinese manufacturers used the country’s biggest trade fair to showcase a new wave of hi-tech, and sometimes quirky, hardware to global buyers this week. The vast range of next-generation devices – often on offer at surprisingly affordable prices – is the product of a relentless innovation drive under way in China, as firms plough funds into research and development to cope with intense competition at home and rising trade barriers overseas. The R&D... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371954/exoskeletons-anyone-china-showcases-next-gen-technology-annual-trade-fair https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371954/exoskeletons-anyone-china-showcases-next-gen-technology-annual-trade-fair Mon, 26 Oct 2026 03:00:12 +0000 He Huifeng He Huifeng For Guangzhou resident Claire Kou, this autumn brought a welcome surprise: “hairy crab freedom”, the ability to enjoy the beloved Chinese delicacy without worrying about its traditionally high price tag. During the National Day holiday earlier this month, Kou ordered four female hairy crabs, each weighing about 100 grams (3.5 ounces), via an online grocery platform for just 70 yuan (US$10.5). Female crabs are often considered desirable because they carry a lot of bright reddish-orange roe,... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371598/hairy-crab-freedom-chinese-delicacys-price-tag-drops-amid-high-output-weakened-demand https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371598/hairy-crab-freedom-chinese-delicacys-price-tag-drops-amid-high-output-weakened-demand Sun, 25 Oct 2026 07:00:09 +0000 Xinyi Wu Xinyi Wu Accounting undergraduate student Wang Guilin faces a choice in her search for a winter internship: compete with thousands of applicants through standard recruitment channels or fork out thousands of yuan for a guaranteed placement. Wang considers her academic record average and, to improve her employment prospects after graduation, the second-year student hopes to add experience at a well-known company to her résumé. Yet even internships have become difficult to secure in China’s crowded... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371957/chinas-tough-job-market-anxious-students-spend-thousands-internships https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371957/chinas-tough-job-market-anxious-students-spend-thousands-internships Sun, 25 Oct 2026 03:00:15 +0000 Emma Ma Emma Ma China is facing a surge in credit card delinquencies from a seemingly unlikely source: middle-aged borrowers who otherwise look like model citizens, with university educations and secure public-sector jobs. Chinese banks once rushed to lend to this group, confident they would easily be able to pay their bills. But defaults are now rising so quickly amid an economic slowdown that lenders are ramping up efforts to dispose of their non-performing loan portfolios. The past quarter saw a roughly 50... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371943/credit-card-defaults-surge-across-china-older-borrowers-struggle-repay-debt https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371943/credit-card-defaults-surge-across-china-older-borrowers-struggle-repay-debt Sat, 24 Oct 2026 06:00:17 +0000 Frank Chen Frank Chen China is becoming more confident and ambitious, the Asia-Pacific Economic Cooperation (Apec) executive director said, as the forum returns to the country for the third time in a quarter-century. Eduardo Pedrosa, the executive director of the Apec Secretariat, told the SCMP on Thursday that the forum would crucially bring together people and businesses from across the globe, though he noted that the limelight on meetings between Chinese President Xi Jinping and US President Donald Trump. “There... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371919/not-g2-world-apec-chief-how-forum-has-changed-through-years https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371919/not-g2-world-apec-chief-how-forum-has-changed-through-years Sat, 24 Oct 2026 02:00:13 +0000 Sylvia Ma Sylvia Ma China and Europe should jointly introduce a system like the Carbon Border Adjustment Mechanism (CBAM), a levy on carbon-intensive imports designed to account for the carbon costs domestic producers face, which “applies against the rest of the world,” the co-chair of a global energy transition organisation says. “The biggest single thing which I would love China to do is to say, ‘We want to join with Europe in a climate club’,” said Adair Turner, co-chair of the Energy Transitions Commission,... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371917/china-europe-should-coordinate-carbon-pricing-border-tax-energy-transition-expert https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371917/china-europe-should-coordinate-carbon-pricing-border-tax-energy-transition-expert Fri, 23 Oct 2026 12:30:15 +0000 Emma Ma Emma Ma China’s shipbuilding sector now leads the world by an overwhelming margin, with the country’s shipyards accounting for 81.8 per cent of global new ship orders in the first nine months of the year, according to official data. Demand was also expected to stay resilient, with elevated crude oil prices helping to support orders for new vessels, analysts said. Total outstanding orders at Chinese shipyards reached 399.13 million deadweight tonnes (dwt) at the end of September, up 64.8 per cent year on... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371906/how-china-captured-nearly-82-worlds-new-ship-orders https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371906/how-china-captured-nearly-82-worlds-new-ship-orders Fri, 23 Oct 2026 10:00:10 +0000 Mia Nurmamat,Ji Siqi Mia Nurmamat,Ji Siqi China has unveiled a revised rule for regulating outbound investment, requiring investors to report major adverse developments more diligently, including foreign demands to hand over technology or dispose of stakes. The new rule, announced by the National Development and Reform Commission (NDRC) on Thursday, aimed to better prevent and mitigate rising overseas risks and protect Chinese interests, according to the economic planner. “In recent years, a small number of countries and regions have... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371865/beijing-tightens-rules-outbound-capital-better-shield-chinese-assets https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371865/beijing-tightens-rules-outbound-capital-better-shield-chinese-assets Fri, 23 Oct 2026 05:00:20 +0000 https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/series/3371844/chinas-fifth-plenum-ground https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/series/3371844/chinas-fifth-plenum-ground Fri, 23 Oct 2026 02:15:14 +0000 Ralph Jennings Ralph Jennings Chinese households are increasingly shifting assets from real estate and bank deposits into more lucrative investments at home and abroad, despite growing oversight, Moody’s Ratings said. A multi-year downturn in the Chinese property market and low interest rates are fuelling the demand for alternative investments, the ratings agency said in a report published this week. Chinese investors are looking for investments that “offer higher returns than deposits while maintaining relatively low risk,”... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371785/even-beijing-boosts-oversight-chinese-investors-continue-pivot-offshore-assets https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371785/even-beijing-boosts-oversight-chinese-investors-continue-pivot-offshore-assets Fri, 23 Oct 2026 01:00:09 +0000 Emma Ma Emma Ma Plenary sessions of the Central Committee, the upper echelon of China’s ruling Communist Party, are major events on the country’s political calendar. This month’s edition, the fifth plenum, is attracting even more attention as the world’s second-largest economy takes on a more prominent role in global affairs. In the second part of this series, Emma Ma speaks to businesspeople as they adapt to stepped up regulatory enforcement and deal with other economic issues the government has pledged to... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371779/chinas-private-firms-are-fighting-profits-are-regulations-adding-burden https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371779/chinas-private-firms-are-fighting-profits-are-regulations-adding-burden Thu, 22 Oct 2026 22:00:11 +0000 Mia Nurmamat,Sherry Wang Mia Nurmamat,Sherry Wang The European Union’s perception that China is yielding to its pressure tactics on trade is a “serious misjudgment”, as Beijing proved during last year’s tariff war with the United States that it will not back down from a confrontation, a former Chinese diplomat has warned. Beijing’s willingness to compromise during trade talks with the EU earlier this month – where the two sides agreed a quota on Chinese hybrid car exports to Europe – has been taken by some in Brussels as a sign that their... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371803/eus-idea-china-caving-pressure-serious-misjudgment-ex-diplomat https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371803/eus-idea-china-caving-pressure-serious-misjudgment-ex-diplomat Thu, 22 Oct 2026 13:30:09 +0000 Alice Li Alice Li China’s lithium-ion battery exports to the EU surged in the first three quarters of this year, as Chinese carmakers rush to build factories in Europe amid a tightening of import restrictions on electric vehicles (EVs). Power inverter exports to the bloc’s members also grew strongly despite EU efforts to exclude Chinese products from publicly funded energy projects. Shipments of Chinese lithium-ion batteries to the EU were worth US$31.2 billion in the first nine months of the year, up 46 per cent... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371790/european-ev-production-drive-sees-chinas-lithium-ion-battery-exports-eu-surge https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371790/european-ev-production-drive-sees-chinas-lithium-ion-battery-exports-eu-surge Thu, 22 Oct 2026 11:00:14 +0000 Frank Chen,Alice Li Frank Chen,Alice Li Plenary sessions of the Central Committee, the upper echelon of China’s ruling Communist Party, are major events on the country’s political calendar. This month’s edition, the fifth plenum, is attracting even more attention as the world’s second-largest economy takes on a more prominent role in global affairs. In the first part of this series, Frank Chen and Alice Li track the ways top-level policy decisions flow down to local officials – and the challenges those officials face in balancing a... https://www-scmp-com.libproxy1.nus.edu.sg/economy/policy/article/3371666/china-moving-past-gdp-first-mindset-can-local-officials-get-programme https://www-scmp-com.libproxy1.nus.edu.sg/economy/policy/article/3371666/china-moving-past-gdp-first-mindset-can-local-officials-get-programme Wed, 21 Oct 2026 22:00:07 +0000 Sherry Wang Sherry Wang The Communist Party’s flagship newspaper has urged the public not to underestimate China’s technological achievements after Tesla’s “flying car” demonstration sparked concern in some quarters that the country may be falling behind in the global auto race. The People’s Daily commentary, published on Wednesday, followed the American electric vehicle giant’s unveiling last week of a second-generation Roadster fitted with thrusters developed with SpaceX, the rocket company led by Tesla CEO Elon... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371644/teslas-flying-car-draws-public-concern-china-and-official-response https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371644/teslas-flying-car-draws-public-concern-china-and-official-response Wed, 21 Oct 2026 13:00:10 +0000 Hugh Harsono Hugh Harsono From October 22, China’s grace period for the disclosure and settlement of certain offshore-trust tax liabilities ends. For the Chinese government, this deadline highlights its desire to affirm control over capital outflows, while for Chinese high-net-worth families, it serves as a reminder that it is now harder to keep international assets beyond the reach of the government. The deadline sits against the backdrop of China tightening scrutiny around cryptocurrency, stablecoins and real-world... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371259/chinas-offshore-tax-crackdown-could-inadvertently-fuel-digital-dollar-boom https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371259/chinas-offshore-tax-crackdown-could-inadvertently-fuel-digital-dollar-boom Wed, 21 Oct 2026 12:30:07 +0000 Ralph Jennings Ralph Jennings The European Union is likely to avoid a full-blown trade confrontation with China due to internal divisions in the bloc and fear of retaliation, according to a prominent research firm. The projection comes amid speculation that the two sides are on the brink of a trade war, with European policymakers raising the alarm about a looming “China shock 2.0” and pushing for stronger measures to protect domestic producers from Chinese competition. But the bloc would “continue to pull its punches” in any... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371655/eu-will-pull-its-punches-china-despite-growing-trade-war-talk-analysts https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371655/eu-will-pull-its-punches-china-despite-growing-trade-war-talk-analysts Wed, 21 Oct 2026 12:00:10 +0000 Mandy Zuo,Sylvia Ma Mandy Zuo,Sylvia Ma Both China and the world need an internationalised yuan in a multipolar global economic environment, a former senior Chinese official has urged in an article that was published as Beijing upgraded its digital-yuan infrastructure to bolster efforts to reshape the US dollar-dominated global financial system. Wider use of the Chinese currency, also known as the renminbi, would support China’s high-quality growth while offering an alternative that could help stabilise the international financial... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371653/former-imf-executive-says-china-and-world-need-internationalised-yuan https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371653/former-imf-executive-says-china-and-world-need-internationalised-yuan Wed, 21 Oct 2026 10:00:13 +0000 Junjie Wang Junjie Wang - https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/china-economy/article/3371645/chinas-third-quarter-gdp https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/china-economy/article/3371645/chinas-third-quarter-gdp Wed, 21 Oct 2026 09:23:23 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Asia-Pacific Economic Cooperation (Apec) nations agreed to boost economic coordination amid mounting challenges after a meeting of finance ministers in Hong Kong. “We note that global imbalances have persisted, creating risks to growth and stability,” the finance ministers said in a joint statement following two days of talks. “We recognise that global rebalancing is in our common interest and agree to strengthen communication and cooperation in this regard.” The group also released a policy... https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/hong-kong-economy/article/3371642/apec-meeting-highlights-hong-kongs-going-global-pathway https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/hong-kong-economy/article/3371642/apec-meeting-highlights-hong-kongs-going-global-pathway Wed, 21 Oct 2026 09:06:15 +0000 Sylvia Ma Sylvia Ma Former Chinese central bank governor Zhou Xiaochuan has warned that failed artificial intelligence investments could trigger financial turbulence and urged preparations to mitigate risks amid concerns over a potential bust of the AI investment bubble. “Consider[ing]... such a large amount of the investment going to the AI facility; if a part of it goes to failure, it causes financial turbulence, and this may create a crisis,” Zhou said during a panel discussion at the Bund Summit in Shanghai on... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371612/former-pboc-governor-warns-potential-crisis-ai-investment-urging-preparation https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371612/former-pboc-governor-warns-potential-crisis-ai-investment-urging-preparation Wed, 21 Oct 2026 09:00:08 +0000 He Huifeng He Huifeng China recorded a surge in border crossings by both mainland Chinese citizens and foreign nationals in the third quarter of this year, as Chinese companies expand overseas and Beijing steps up incentives to attract foreign tourists. The country logged a total of 192 million border crossings in the July-September period, up 7.9 per cent year on year, according to data released by the National Immigration Administration on Tuesday. China received 11.6 million foreign arrivals, up 15.6 per cent,... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371611/china-sees-surge-border-crossings-amid-visa-free-travel-boom https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371611/china-sees-surge-border-crossings-amid-visa-free-travel-boom Wed, 21 Oct 2026 06:30:41 +0000 Alice Li Alice Li China’s youth unemployment rate edged down slightly in September as some graduates secured jobs, but young jobseekers still face a tough market as employers increasingly look beyond academic qualifications for candidates with relevant work experience. The unemployment rate among people aged 16 to 24, excluding students, fell to 18 per cent in September from 18.9 per cent in August, according to data released by the National Bureau of Statistics on Wednesday. With around 12.7 million university... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371602/chinas-youth-unemployment-rate-edges-down-slightly-jobseekers-still-doing-it-tough https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371602/chinas-youth-unemployment-rate-edges-down-slightly-jobseekers-still-doing-it-tough Wed, 21 Oct 2026 05:40:57 +0000 Daniel Ren Daniel Ren China Cosco Shipping Holdings, the country’s largest ocean carrier, has prioritised resilience as it rolls out an emergency response system to cope with rising geopolitical conflicts, infrastructure bottlenecks and climate-related disruptions. The company is launching fresh capacity and new trade routes as part of the plan, as it looks to ensure its supply chains can withstand a mix of potential shocks, according to chairman Wan Min. “We believe that true resilience is not merely restricted to a... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371550/shipping-giant-cosco-launches-new-routes-ride-out-iran-war-climate-risks https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3371550/shipping-giant-cosco-launches-new-routes-ride-out-iran-war-climate-risks Wed, 21 Oct 2026 02:00:09 +0000 Sherry Wang Sherry Wang China plans to expand venture capital and long-term funding for technology companies in the Greater Bay Area while strengthening financial links between Hong Kong and the mainland, as part of efforts to turn the region into a leading innovation hub alongside Beijing and Shanghai. In guidelines published on Monday, the People’s Bank of China and 10 other government departments set out plans for “an open technology finance system” across the Guangdong-Hong Kong-Macau Greater Bay Area. The... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371503/can-china-unlock-greater-bay-areas-tech-potential-through-closer-financial-links https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371503/can-china-unlock-greater-bay-areas-tech-potential-through-closer-financial-links Wed, 21 Oct 2026 01:00:08 +0000 Frank Chen Frank Chen With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. A subtle shift is taking place among Chinese businesses as they adopt a “China plus one” outlook and redirect domestic investments to neighbouring economies – a... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371529/poster-child-why-more-chinese-firms-have-thailand-their-expansion-plans https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371529/poster-child-why-more-chinese-firms-have-thailand-their-expansion-plans Tue, 20 Oct 2026 22:00:05 +0000 Xinyi Wu Xinyi Wu China’s hybrid car exports to the European Union tripled in September from a year earlier, with shipments expected to remain elevated before an import cap agreed during recent trade talks takes effect. The country shipped nearly 100,000 hybrid cars to the bloc last month, up 18.9 per cent from August and 204.2 per cent from a year earlier, customs data showed on Tuesday. The surge outpaced a 142.7 per cent year-on-year rise in China’s total exports of passenger cars to the EU. Analysts said the... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371541/chinas-hybrid-car-exports-eu-surge-more-200-import-cap-looms https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3371541/chinas-hybrid-car-exports-eu-surge-more-200-import-cap-looms Tue, 20 Oct 2026 13:00:10 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s central bank and stock market regulator have moved to shore up capital markets, announcing new mechanisms to bolster bond market liquidity in the event of a crisis and authorising new exchange traded funds (ETFs) to add stability to stock markets. People’s Bank of China (PBOC) governor Pan Gongsheng put a firewall in place to backstop the bond market, announcing the launch of a liquidity facility to help non-bank financial institutions such as securities brokers and mutual funds better... https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/policy/article/3371498/china-moves-shore-capital-markets-investors-nonplussed https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/policy/article/3371498/china-moves-shore-capital-markets-investors-nonplussed Tue, 20 Oct 2026 09:06:29 +0000 Daniel Ren Daniel Ren Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota https://www-scmp-com.libproxy1.nus.edu.sg/business/china-evs/article/3371460/chinese-carmakers-gear-european-production-sidestep-tariffs-import-quota Tue, 20 Oct 2026 08:00:06 +0000 Alice Li Alice Li As London considers aligning with EU trade measures targeting imports of Chinese electric vehicles (EVs), Beijing has warned of “firm countermeasures” if the UK imposes restrictions. “We hope the UK will abide by World Trade Organization rules and think twice before acting, rather than blindly following the EU,” the Ministry of Commerce said on Monday. “China will closely monitor developments and take firm countermeasures if the UK insists on restricting Chinese electric vehicles.” The... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371472/beijing-warns-london-firm-countermeasures-if-it-aligns-eu-import-curbs-evs https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371472/beijing-warns-london-firm-countermeasures-if-it-aligns-eu-import-curbs-evs Tue, 20 Oct 2026 07:00:08 +0000 Brian Rhoads,Haining Gao Brian Rhoads,Haining Gao China’s economy grew faster than expected in the third quarter, keeping it broadly on track to meet Beijing’s annual growth target, as robust global demand for the country’s hi-tech exports bolstered economic momentum. Gross domestic product (GDP) grew by 4.5 per cent in the third quarter, accelerating from 4.3 per cent in the second quarter, according to figures released by the National Bureau of Statistics. This beat the 4.4 per cent consensus forecast from economists surveyed by Chinese... https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/china-economy/article/3371375/rebound-chinas-gdp-growth-keeps-2026-target-sight https://www-scmp-com.libproxy1.nus.edu.sg/plus/economy/china-economy/article/3371375/rebound-chinas-gdp-growth-keeps-2026-target-sight Mon, 19 Oct 2026 09:00:09 +0000 Ronny P. Sasmita Ronny P. Sasmita China’s export machine is accelerating as its domestic economy remains under strain. This comes amid growing trade friction as China’s partners question whether persistent surpluses can coexist with balanced and resilient regional growth. Last month, China’s exports rose 36.3 per cent year on year, while shipments to Southeast Asia jumped 52.3 per cent. The trade surplus reached US$133.5 billion, taking the nine-month total to US$938.1 billion. In contrast, retail sales grew just 0.4 per cent in... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371208/chinas-export-boom-creates-difficult-bargain-southeast-asia https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371208/chinas-export-boom-creates-difficult-bargain-southeast-asia Mon, 19 Oct 2026 08:30:05 +0000 Xinyi Wu,Mandy Zuo Xinyi Wu,Mandy Zuo China’s economy expanded by 4.5 per cent in the third quarter, keeping it broadly on track to meet this year’s growth target but also maintaining pressure on Beijing to deploy further support to address weak domestic demand. China’s year-on-year economic growth for the first three quarters of the year came in at 4.6 per cent, the National Bureau of Statistics (NBS) said on Monday. Beijing is targeting gross domestic product growth between 4.5 and 5 per cent this year, down from the “around 5 per... https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3371335/chinas-economy-grows-45-third-quarter-staying-track-annual-target https://www-scmp-com.libproxy1.nus.edu.sg/economy/economic-indicators/article/3371335/chinas-economy-grows-45-third-quarter-staying-track-annual-target Mon, 19 Oct 2026 02:00:16 +0000 Frank Chen Frank Chen As Hong Kong hosts the Apec finance ministers’ meeting on Tuesday, this two-part series examines the summit’s significance and its implications for Beijing on the global stage. In part two, Frank Chen explores how the event could help Beijing pitch its philosophies and urge cooperation in digital infrastructure financing. China’s hosting of this year’s Apec meetings, including a finance ministers’ gathering in Hong Kong, will see a more confident Beijing seek to pitch its economic and financial... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371287/hong-kongs-apec-meetings-give-beijing-venue-pitch-virtues-its-system https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371287/hong-kongs-apec-meetings-give-beijing-venue-pitch-virtues-its-system Mon, 19 Oct 2026 01:00:10 +0000 Frank Chen Frank Chen Robin Xing is chief China economist at Morgan Stanley. A famed economist and Peking University graduate, Xing has a PhD in economics from the Chinese Academy of Social Sciences and previously worked at Goldman Sachs and China International Capital Corp. In his second Open Questions interview, Xing dissects China’s K-shaped economic divergence and why he remains convinced that the “top half of the K” can offset challenges such as deflation and weak consumption. He also discusses Beijing’s real... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371109/robin-xing-how-chinas-two-speed-economy-can-solve-contrasting-problems https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371109/robin-xing-how-chinas-two-speed-economy-can-solve-contrasting-problems Sun, 18 Oct 2026 22:00:12 +0000 Shouqing Zhu Shouqing Zhu The war in the Middle East has disrupted oil and gas supplies, leaving governments to confront energy pressures as they prepare for next month’s Cop31 UN climate conference in Antalya, Turkey. The crisis raises an enduring question: how can climate action strengthen the resilience of an economy? China offers a useful case. Its factories supply technologically advanced products essential to the green transition at competitive prices. China has production cost advantages in electric cars,... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371034/how-china-made-climate-resilience-part-its-economic-growth-strategy https://www-scmp-com.libproxy1.nus.edu.sg/opinion/china-opinion/article/3371034/how-china-made-climate-resilience-part-its-economic-growth-strategy Sun, 18 Oct 2026 21:30:06 +0000 Ralph Jennings Ralph Jennings A Chinese construction company has reached an agreement to work on tunnel projects in the tiny Middle Eastern nation of Qatar, as China’s global infrastructure push continues to gain momentum after recent railway deals in Southeast Asia and Latin America. The state-owned China Railway Tunnel Group has signed a memorandum of understanding with a subsidiary of the Qatari conglomerate Aamal Co, according to a statement released by the Doha-based company on Tuesday. The two firms had forged a... https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371195/risky-business-chinese-firm-agrees-build-rail-tunnels-qatar-amid-iran-war https://www-scmp-com.libproxy1.nus.edu.sg/economy/china-economy/article/3371195/risky-business-chinese-firm-agrees-build-rail-tunnels-qatar-amid-iran-war Sun, 18 Oct 2026 09:00:11 +0000