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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
US President Donald Trump, right, shakes hands with Chinese President Xi Jinping after a visit to the Zhongnanhai Garden in Beijing. Photo: AP
US-China relations

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

Meetings between US and Chinese officials should be routine, rather than ‘news’, as both sides want to avoid confrontation, veteran US diplomat says.

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China's economic recovery

AI has boosted the US economy. Why isn’t it doing the same for China?

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China's economic recovery

‘Not a crackdown’: China regulators eye neutral enforcement in shift from 2021

China trade

China-EU tensions, Xi in North Korea, flatlining retail sales

This week: China seeks to avert EU trade war, Xi hails ‘unwavering’ ties with North Korea, and US blacklists Chinese tech giants for alleged military ties. Next week: May retail sales data may show little growth, China tightens minerals controls, Nvidia gaming chip challenger comes to market, and more.

French President Emmanuel Macron (centre) chairs an international videoconference on global growth. Photo: EPA
French President Emmanuel Macron (centre) chairs an international videoconference on global growth. Photo: EPA
Yuan

Yuan poll finds 95% of overseas firms expect to sustain or boost use of currency

Increased international adoption of China’s currency highlights progress in Beijing’s strategic push amid the US dollar’s global financial dominance.

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Electric & new energy vehicles

EVs capture two-thirds of China’s car market in record-breaking week

Despite subsidy cuts, electric vehicles reached a new sales milestone in mainland China as petrol-powered rivals continued to lose ground.

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China trade

China’s ports are by far the most efficient in the world: World Bank study

Seven Chinese ports including Hong Kong ranked among the world’s top 10 in the report, which tracks how quickly trade hubs process ships.

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A container ship is moved to its berth at a port in China’s eastern Shandong province. Photo: AFP
A container ship is moved to its berth at a port in China’s eastern Shandong province. Photo: AFP
China's economic recovery

Citic Securities breaks ceiling with first ‘A’ class rating for China brokerage

Award of an A-minus rating seen as a milestone in China’s efforts to build globally competitive investment banks.

China travel

Panda and pet services: China plans over 160 tourist trains to boost consumption

Beijing eyes themed journeys and new on-board services as part of broader efforts to rebalance the economy.

Banking & finance

PBOC chief says China a haven for asset diversification in volatile world

Pan Gongsheng tells representatives from about 30 central banks around the world that opening-up measures are working.

People’s Bank of China governor Pan Gongsheng at a news conference on the sidelines of the annual meeting of the National People’s Congress in Beijing in March. Photo: AP
Electric & new energy vehicles

Europe’s bet on Chinese EV joint ventures may be solving yesterday’s problem

Auto veteran Soh Weiming on the EV tech transfer, China’s plateau, and Europe’s chance to catch up.

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Volkswagen electric vehicles are seen in the carmaker’s factory in Zwickau, Germany. Photo: dpa
Volkswagen electric vehicles are seen in the carmaker’s factory in Zwickau, Germany. Photo: dpa
China economy

Why is China’s personal income tax revenue growing faster than earnings?

State Taxation Administration attributes increase to stock market gains, higher incomes in some industries and stricter enforcement.

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Electric & new energy vehicles

China’s battery dominance

Chinese companies dominate the global supply of lithium batteries for electric vehicles and energy storage systems and are driving the next stage of battery development.

Yuan

‘Increasingly influential’ use of China’s currency puts euro on notice

The US dollar is still dominant, but a slump in Europe may see China’s currency gain strength and reach the No 2 spot in global settlements.

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Illustration: Brian Wang
China airliners

Air China C909 hits bird as Chinese jets face growing ‘real-world’ tests

Wildlife strike in Beijing caught on video near popular vantage point, illustrating how rising flight volumes expose Comac’s fleet of jets to more operational risks.

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A suspected bird strike on a Chinese-made C909 regional jet in Beijing reportedly left some marks on its nose and airframe, but experts said the likelihood of any severe damage was very low. Photo: handout
A suspected bird strike on a Chinese-made C909 regional jet in Beijing reportedly left some marks on its nose and airframe, but experts said the likelihood of any severe damage was very low. Photo: handout
China manufacturing

From dance to factory floor: China moves to fast track humanoids into industry

The scheme spans manufacturing and healthcare to disaster relief and requires local governments and SOEs to test and deploy the technology this year.

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China inflation

China’s factory price jump contrasts with muted consumer inflation

Higher oil costs and the AI boom are driving up producer prices, while weak domestic demand is weighing on consumer prices.

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China shipbuilding

China’s shipyards pass fresh milestone with delivery of vast specialised carrier

China is already the world’s dominant builder of bulk carriers and container ships. Now, it is also capturing a rising share of hi-tech gas carrier orders.

The Ivy Cove, a very large ammonia carrier, was built by the Chinese state-owned Jiangnan Shipyard. Photo: Handout
The Ivy Cove, a very large ammonia carrier, was built by the Chinese state-owned Jiangnan Shipyard. Photo: Handout
China inflation

China’s consumer prices see May uptick as oil shock inflates factory-gate costs

The mild increase in consumer inflation, attributed to higher AI demand and global price fluctuations, fell short of market expectations.

China's economic recovery

China starts building ‘water staircases’ at Three Gorges to double river cargo

New mega locks will double freight capacity at the world’s largest dam, linking China’s inland industrial hubs to coastal ports with a feat of complex engineering.

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China energy security

Driven by AI demand, China on track to pass US as top nuclear energy producer

Beijing is building new reactors at unrivalled speed – but the US still holds an edge in nuclear fusion research, analyst says.

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Workers are seen at the installation site of a reactor pressure vessel at China National Nuclear Corporation’s Fuqing nuclear power plant in southeast China’s Fujian province on January 28, 2018. Photo: Xinhua
Banking & finance

New head of China’s financial regulator vows to prevent ‘blow-ups’

Ding Xiangqun identified smaller lenders, the property sector and local government debt as sources of risk while calling for tougher supervision.

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China’s newly appointed financial regulator chief Ding Xiangqun. Photo: Handout
China’s newly appointed financial regulator chief Ding Xiangqun. Photo: Handout
China trade

China’s export machine defies gravity as shipments soar in May

After a strong April, China’s exports surged once again in May, as the country’s firms continue to shrug off the impact of the Iran war.

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China manufacturing

How China’s ‘Hefei model’ spawned a chipmaker’s multibillion-dollar IPO plan

City government has leveraged over 220 billion yuan in state-owned capital to drive project investment in emerging industrial clusters.

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China manufacturing

China’s 5-year plans significantly impact American factories: US study

A study finds that American plants in counterpart industries targeted by Beijing experience job cuts and a fall in investment.

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A worker monitors products at a packaging factory in Lianyungang, in China’s eastern Jiangsu province on May 18. Photo: CN-STR/AFP
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