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China economy news, including budget, the stock market and analysis.
Site URL: www.scmp.com/rss/318421/feed
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Chinese economist calls for confidence, says GDP target should remain 5% in 2025
Published: December 2, 2024 06:58
Adviser to China’s central bank says increasing the fiscal deficit ratio, expanding stimulus should put 5 per cent growth in reach for 2025.
China’s foreign investment is falling. Will a second Trump presidency deal a heavier blow?
Published: December 2, 2024 04:16
China’s foreign direct investment fell by almost 30 per cent between January and October after years of steady upwards trajectory.
Chinese recycling firm Carbon Zero aims to replicate success overseas after Nasdaq IPO
Published: December 2, 2024 02:30
The company, which operates an online platform connecting individuals and businesses with recycling services, plans to expand globally.
China’s factory activity hits 5-month high in November: Caixin PMI
Published: December 2, 2024 01:57
China’s Caixin/S&P Global manufacturing purchasing managers’ index rose to 51.5 in November, data released on Monday showed.
Credit Agricole CIB bolsters Asia expansion from Hong Kong, undeterred by Trump trade war
Published: December 2, 2024 00:30
Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.
Nobel-winning economist James Robinson on China’s place in his theory of institutions
Published: December 1, 2024 22:00
Nobel laureate discusses his work on ‘inclusive’ vs ‘extractive’ institutions and how China fits in.
China visa free for 30 days maximum: 5 ways to get in
Published: December 1, 2024 12:00
The number of countries whose citizens can enter China visa free for 30 days has been increased to 38, including Japan.
Visa-free entry taking China tourist numbers ‘closer to pre-Covid levels’
Published: December 1, 2024 11:00
Nationals of nine countries can now enter China without a visa, taking the total to 38, while those from 54 get visa-free transit.
In a world of tariff threats, China opts to share green tech dividends
Published: December 1, 2024 01:30
China’s ‘new trio’ of EVs, lithium-ion batteries and solar panels represents the trickling down of tech dividends to people across the world.
China’s digital yuan roared out of the gate, but stumbling blocks could give it pause
Published: December 1, 2024 01:00
Corruption and a slow adoption of the e-CNY risk undermining the groundbreaking progress that China’s digital currency has made over the past decade.
Chinese drone prepped for mass production as demand for aerial deliveries soars
Published: November 30, 2024 09:00
A Chinese company is preparing to fill 1 billion yuan in orders for its new drone as the ‘low-altitude economy’ gains momentum.
Key Chinese economic indicator retains positive direction amid Trump tariff threat
Published: November 30, 2024 04:54
The manufacturing purchasing managers’ index rose to 50.3 in November, keeping China’s economy in positive territory.
China’s stimulus policy: why leadership, foreign investors can’t see eye to eye
Published: November 29, 2024 22:00
It’s been a tumultuous two months since Beijing fired off a salvo to shore up China’s economy, and divergent perceptions show not everyone is on the same page.
Russia’s plunging rouble puts pressure on Chinese e-commerce merchants
Published: November 29, 2024 13:30
About 150,000 Chinese merchants are active on major Russian e-commerce platforms.
China’s next-gen BeiDou satellite system to ramp up rivalry with US-based GPS
Published: November 29, 2024 12:00
Existing BeiDou system, used in telecommunications, transport, and natural resource management, has also been expanding its use in developing countries.
China wants to turn Xinjiang’s vast deserts into a string of pearls
Published: November 29, 2024 09:45
Millions of pearls are already being harvested in the Taklimakan Desert, as China tries to turn the arid region into a hub for aquaculture.
China expands health insurance coverage with 91 new drugs, breakthrough treatments
Published: November 29, 2024 08:42
The health authority shows its support for novel drugs, while driving tough bargains with pharmaceutical firms on prices.
How China can set the tone for global climate action
Published: November 29, 2024 08:30
Despite growing scrutiny of its international climate finance contributions, Beijing’s domestic policies could help set standards in the Global South.
Will the EU and China form a united front against Trump’s tariff offensive?
Published: November 29, 2024 08:00
With China-EU talks on electric vehicle tariffs at a standstill, analysts ponder the likelihood of an uneasy alliance in second Trump term.
Chinese investors still moving to Vietnam, free of US tariffs for now, as Trump 2.0 looms
Published: November 29, 2024 04:00
Number of Chinese manufacturers shifting production to Vietnam has boomed since Donald Trump’s first term as US president.
China’s logistical dream: Beijing has a new plan to counter supply-chain threats
Published: November 29, 2024 00:00
Efficiency is key as logistical revamp seeks to shore up manufacturing industries, including a digital transformation and new economic hubs.
Volkswagen’s controversial Xinjiang plant sale signals strategic shift in China
Published: November 28, 2024 23:30
VW sells assets to address political risks and cut excess capacity, while extending its partnership with SAIC to regain market share in China.
Trump tariffs could be a blessing in disguise for China’s reformers
Published: November 28, 2024 21:30
As China grapples with weak domestic demand and a mounting debt crisis, Trump 2.0 could boost the push for a unified Chinese market.
Mexico scrambles to reassure Chinese investors amid Trump tariff threats
Published: November 28, 2024 14:00
Many in China are worried that Mexico will cave to US pressure to clamp down on Chinese-funded factories.
China and Russia agree to deepen cooperation on Arctic shipping route
Published: November 28, 2024 13:00
Arctic passages would allow Chinese cargo ships to avoid impact of hostilities in the Middle East on Suez Canal traffic.
Trump’s tariff obsession is no match for China’s growth model
Published: November 28, 2024 12:30
While tariffs raise costs and disrupt trade, China’s approach fosters internal economic resilience and positions it as a leader in sustainable growth.
China expands consumer subsidies, but can it ‘save the day’ for economic growth in 2024?
Published: November 28, 2024 09:28
Eastern China’s Jiangsu province and commercial hub of Shanghai expand trade-in schemes amid efforts to drive up consumption in China.
Xi Jinping’s ‘city of the future’ just had a record quarter for construction financing
Published: November 28, 2024 01:00
Five batches of ultra-long special bond sales raked in several billion yuan for the Xiongan New Area, as development of ambitious megacity speeds up.
Chinese EVs are poised to push out to global markets, using Hong Kong as a stepping stone
Published: November 28, 2024 00:30
Hong Kong ‘can act as a two-way gateway for Chinese EV makers to go overseas and bring in new technologies’.
China needs US$1.4 trillion to boost domestic consumption amid impending ‘trade war 2.0’
Published: November 27, 2024 23:30
The cash injection will be sufficient to stimulate consumer spending and stock market, HSBC Asset analyst says.
China is still smarting from Trump’s last tariff blitz. Is it ready for round 2?
Published: November 27, 2024 22:00
With more tariffs certain once Donald Trump returns to the White House, China must ready its response – this time knowing what to expect.
China extends reach into Latin America as crane exports, trade diversification picks up
Published: November 27, 2024 13:00
China is expanding its maritime footprint in Latin America, with more exports of cranes amid rising tensions with the US.
China’s industrial profits drop in October as property slump flows downstream
Published: November 27, 2024 11:30
A decline in profits for China’s large firms was reported in October, with those linked to property and retail hit hardest.
Why Asia is in denial over Trump’s threat and its own economic problems
Published: November 27, 2024 10:45
Not only is China unwilling to admit the severity of its downturn, many Asian officials believe Trump’s tariff pledges are a bluff.
Trump’s trade chief pick, a Lighthizer protégé, set to push hard line, tariffs on China
Published: November 27, 2024 08:36
US president-elect Donald Trump has nominated international trade lawyer Jamieson Greer as the next US trade representative.
China’s move to centralise oversight of financial sector shouldn’t be feared
Published: November 27, 2024 08:30
Stronger party control over the financial sector will allow the building of a more cohesive framework for further orderly decentralisation.
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation
Published: November 27, 2024 05:16
The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024.
China’s central bank to cut reserve ratio again to add liquidity, aid growth: analysts
Published: November 27, 2024 03:00
Analysts say the window for the People’s Bank of China to reduce the reserve requirement ratio (RRR) is open.
Donald Trump’s tariff plans turn Chinese investment in Mexico into a waiting game
Published: November 26, 2024 08:02
US president-elect on Monday said his new administration would immediately impose a 25 per cent tariff on imports from Mexico.
China calls for global supply chain cooperation amid turmoil, Trump tariff threats
Published: November 26, 2024 05:30
Vice -President Han Zheng spoke on the opening day of the China International Supply Chain Expo in Beijing, hours after Donald Trump’s latest tariff threats.
China’s tech firms at the front of the queue for loans amid policy tilt
Published: November 26, 2024 04:02
People’s Bank of China asks government ministries and major banks to accelerate loans to tech companies.
China’s visa-free initiative shows it is choosing openness over isolation
Published: November 26, 2024 01:30
China is ready for the world to witness its development, experience its culture and engage with its people.
Amid talk of more US-China decoupling, second supply-chain expo offers trade opportunities
Published: November 26, 2024 01:00
An elongation of critical supply chains bringing Chinese goods to the US is expected to be a boon for ‘made by China’ in third countries.
China’s multidecade dairy boom sours as population ages, sales slump
Published: November 25, 2024 23:00
Sales of top dairy firms like China Mengniu and Inner Mongolia Yili fell between 9 and 13 per cent in the first half, S&P said.
Russia’s ‘economic isolation’ seen benefiting China amid fresh US sanctions
Published: November 25, 2024 13:00
While trade between China and Russia may be affected in the short term, Beijing’s leveraging power in future negotiations is getting stronger, analysts say.
China’s GDP forecast cut as Trump trade worries take hold before new term
Published: November 25, 2024 11:00
Though Donald Trump has not yet taken office, his expected tariff increases have led S&P Global Ratings to cut growth projections for China.
Trade war under Trump is the last thing China’s housing market needs
Published: November 25, 2024 08:30
While Beijing has eased demand-side policies dramatically, the fundamental problems in the property market remain unresolved.
Support or regulate? Beijing seeks delicate balance towards its platform economy
Published: November 25, 2024 08:07
People’s Daily commentary and pledge from Premier Li Qiang offer support for platform economy, coincides with algorithm regulation.
Yuan to catch up to China’s position in world’s economy: ex-official
Published: November 25, 2024 04:26
Outspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.