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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
Photo: Shutterstock
China food security

China food-security risks worsen as extreme weather becomes more common

Heavy rains and growing drought risks may make it harder to feed China’s 1 billion-plus population.

Banking & finance

China’s World Bank journey hits lending limit: why it is being phased out

China-EU relations

European firms ‘becoming more reliant on China, not less’: EU chamber chief

E-commerce

Temu owner PDD embraces China’s ‘city of the future’ after regulatory debacle

Operator of big-name budget marketplaces Pinduoduo and Temu is buying an office and adding 5,000 jobs in the hyped-up Xiongan New Area.

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PDD, which operates budget marketplace Pinduoduo, is raising its profile in China’s Xiongan New Area. Photo: Shutterstock
Hong Kong politics

Editorial | Prospects for Hong Kong are looking up, 29 years after the handover

On the 29th anniversary of the city’s return to China and 105 years since the Communist Party’s founding, President Xi expressed high expectations of Hong Kong and Macau.

China-EU relations

China’s Fifa fever, EU’s trade deadline: 7 global relations reads

From the Quad’s critical mineral agenda to Shein’s Paris ousting, here are highlights from the SCMP’s overseas correspondents in June 2026.

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China-EU relations

‘World without bearings’: Lorenzi sees economic conflict and unplottable fixes

Prominent French economist warns that Europe must reach strategic pact with Beijing and enact structural reforms as global order enters volatile era.

People cool off near the Trocadero fountain in front of France’s Eiffel Tower last week during a heatwave. Jean-Herve Lorenzi, president of Le Cercle des economistes, contends that major European powers must reach a strategic agreement with China. Photo: Reuters
US-China relations

Opinion | In the AI era, US-China competition hinges on who can adapt faster

In an age of disruption, power rests with whoever learns, innovates and adapts more effectively.

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Artificial intelligence

Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources

The Kuaishou Technology spin-off aims to start Hong Kong listing process within a year, as annual recurring revenue soars following latest AI video model release.

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China travel

How China’s visa-free boom is reshaping tourism beyond major cities

A growing number of foreign travellers are taking advantage of looser rules to venture inland, fuelling a shift away from traditional hotspots.

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A foreign tourist records with a Chinese-brand pocket camera at the Temple of Heaven Park in Beijing on May 2. Photo: Xinhua
China debt

Opinion | As China tightens the fiscal net, it must strike a fine balance

While the central government is cracking down on tax evasion, provincial governments are scrambling for cash in ways that can be destructive.

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The Bank of China building in Shanghai. The National Audit Office has accused the bank of evading 2.37 billion yuan in taxes by misusing preferential treatment intended for publicly offered mutual funds between April 2023 and August 2025. Photo: Getty Images
US-China relations

Opinion | Will US-China economic ties become self-reinforcing cycle of suspicion?

China’s regulations on outbound investment might seem purely administrative but they give Beijing crucial new control over transactions.

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China jobs

Why China’s billionaire-backed research universities are looking for more money

Newcomers began admitting undergraduates last year and are now vying with older institutions for tuition fee revenue.

Hong Kong property

Buyers eye Hong Kong luxury homes as agents predict mild price growth

Big-ticket luxury home prices expected to rise up to 2% as more buyers enter the market and momentum stays buoyant after strong first half.

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Hong Kong skyline with business area taken at the Peak. Agents have predicted Hong Kong’s luxury property market will stay resilient throughout 2026 but prices could remain mild. Photo: Sam Tsang
China’s Communist Party

A model for other states? China’s Xi lauds Communist Party’s global influence

On the 105th anniversary of the ruling party’s founding, Xi Jinping also warns members to stay vigilant and prepare for challenges.

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Chinese President Xi Jinping is applauded at a ceremony marking the 105th anniversary of the founding of the Communist Party on Wednesday. Photo: Reuters
China exports

Beijing asserts control over China’s offshore tech transfers with landmark law

Beijing’s ‘milestone’ mandate seen authorising retaliatory responses to trade barriers while restricting research leaks.

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Electric & new energy vehicles

Will slowing car sales in China reignite brutal price war in crowded market?

Global consultancy AlixPartners delivers most bearish forecast for Chinese carmakers’ fortunes this year.

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China’s private sector

Race to the bottom? Why retailers bet on their own brands in China

Analysts forecast in-house goods to rise sharply as Chinese retailers seek loyalty and offset lost supplier-funded fees.

Chinese retailers are increasingly relying on higher merchandise margins generated by their own brands, according to a report. Photo: Sam Tsang
Artificial intelligence

The AI industrial revolution: why US faces a historic tech reckoning from China

From EVs to robotics, China’s advancement in cutting-edge tech has seen it shake off the West’s long-standing belief in US exceptionalism.

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Millionaires, billionaires and trillionaires

China’s millionaire growth lags the global average. Is the wealth boom over?

Global personal wealth rose at its fastest pace in nearly a decade last year, though China saw only modest gains, according to a new report.

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China trade

China-Canada trade thaw sours as Beijing levies penalties for dumping pea starch

Beijing imposes cash deposits on imports of the widely used agricultural product ahead of Ottawa’s decision on Chinese-made steel racks.

China’s Ministry of Commerce said Canadian exporters sold pea starch at prices undercutting Chinese producers. Photo: Shutterstock
National Bureau of Statistics (China)

China’s factory activity rebounds in June but weak domestic demand lingers

The world’s second-largest economy registered robust trade growth this year, with May exports skyrocketing 19.4 per cent year on year.

A woman works on a production line at a silk processing workshop in Xinghua, in eastern China’s Jiangsu province, on June 23, 2026. Photo: AFP
Hong Kong economy

Letters | What Hong Kong, China must do to become global capital’s ultimate safe haven

Readers discuss the draw of a stabilising force amid a world in crisis, living with the consequences of a bad call on the HK$2 transport scheme, and Indonesia’s delay in taxing coal profits.

China-EU relations

EU sets China October deadline for ‘tangible results’ after key trade talks

Marathon session in Brussels sees Beijing agreeing to establish a ‘joint monitoring mechanism of trade flows’ to help ease economic tensions.

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E-commerce

China’s cooling, e-commerce giants see sales surge as Europe heat sizzles

Alibaba notes surge in retail and business-to-business orders, Midea reports sharp revenue rise, and Gree sales get bump in major European markets.

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On AliExpress, Alibaba’s international retail site, this month’s debut of air conditioners in Germany saw local warehouse inventory for a Midea model completely wiped out by Thursday. Photo: Shutterstock
China trade

China opens new Central Asia rail link to strengthen supply chain resilience

Beijing’s push to develop a transcontinental rail network has reduced exposure to naval chokepoints, analyst says.

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The new route comes as China continues to expand its overland trade network across Central Asia and beyond. Photo: Handout
China trade

As China dominates solar and energy sector, fears emerge over EU’s new crackdown

Brussels’ unease over European reliance on Chinese tech sees the bloc impose bans and restrictions, as fears mount on how far it will go.

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Semiconductors

Top China chip toolmakers consolidate to build national champions, defy US curbs

Big Fund-invested Piotech plans to acquire Wuxi Shangji and diversify into wafer-bonding, leveraging a big revenue surge to capture the local tool market.

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