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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.
Actors rehearse on the set of a micro drama during filming in central China’s Henan province. Photo: Reuters
TV shows and streaming video

‘Distorted views’: why China is clamping down on ‘lowbrow’ micro dramas

China has launched a two-month campaign to clean up its massive micro drama industry, targeting violent, sexual and ‘wealth-flaunting’ content.

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China-EU relations

EU, China hold talks as trade war looms

China trade

New global financial architecture needed to end trade surplus fixation: Piketty

Banking & finance

Hong Kong banks tighten rules in mainland China as Beijing pores over outflows

Some banks are exercising more caution with offshore accounts for their mainland China clients amid tighter investment controls from Beijing.

At least one branch of the Bank of East Asia (BEA) in Shanghai has banned mainland Chinese customers from opening Hong Kong bank accounts. Photo: May Tse
China food security

China’s new plan to feed 1.4 billion people: AI, gene editing and edible algae

Beijing’s latest agriculture plan focuses on harnessing frontier technologies – from AI and gene editing to alternative food sources.

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Banking & finance

How China plans to turn the AI computing boom into a new financial market

Aimed at attracting capital into hi-tech sectors, the move would be a first for the city and comes weeks after US-based CME Group announced a similar plan.

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Mainland China

Video | Sale is the latest example of how foreign businesses in China are revamping models amid heated domestic competition

Haagen-Dazs’ parent company sells its shops in China.

[Shutterstock] Bordeaux , Aquitaine / France - 10 17 2019 : Haagen-Dazs sign logo Häagen Dazs ice cream store shop. Photo: Shutterstock Stock Photo ID: 1535822942
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Banking & finance

China among top buyers as gold overtakes US Treasuries in global reserves: ECB

Higher prices and global shocks have fuelled demand for gold, as central banks hedge against uncertainty.

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China energy security

Global oil stockpiles could fall to ‘critical levels’ by summer, IEA warns

Even China’s inventories are now starting to decline, with Gulf oil supplies likely to take months to recover even if a peace deal is agreed.

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Banking & finance

Opinion | Hong Kong is emerging as a leading capital hub of the multipolar era

As wealth creation’s centre of gravity shifts, expect Hong Kong to not only survive but also gain renewed strategic importance.

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Illustration: Craig Stephens
China airliners

Why China’s C909 jet is rapidly being deployed in Xinjiang

The Chinese-made jet debuted in Xinjiang as recently as 2023, but is now being used on more than 120 routes in the region.

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The C909 regional jet has transported more than 30 million passengers since launching a decade ago. Photo: Sina
China-Latin America relations

China opens door to all Brazilian beef, then slams it with a 55% surtax

Recognition lifts a long-standing sanitary barrier, but an import quota in force since January caps how far Brazilian beef sales can grow.

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China-EU relations

Putin in Beijing, ‘China shock’ in EU: 7 global relations reads

From ‘miscalculation’ by the Dutch navy to China on Iran mediation, here are highlights from the SCMP’s overseas correspondents in May 2026.

US-China trade war

The next tech war? Why biotech may become a new US-China battleground

China’s biotech industry is rapidly moving up the value chain, prompting fears in the US and calls for tighter controls.

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Chinese biotech companies have risen up the value chain in recent years, with cross-border licensing deals worth a record US$60 billion in the first quarter of 2026, according to the National Medical Products Administration. Photo: Getty Images
China’s private sector

The big scoop: lemon tea chain to revamp Haagen-Dazs’ struggling China business

General Mills is offloading the ice cream brand’s mainland China stores, as foreign businesses revamp models amid heated domestic competition.

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Haagen-Dazs currently operates nearly 200 stores in mainland China. Photo: Handout
China trade

Australian beef will soon be hit by 55% tariff in China, ministry says

China’s imports of Australian beef are about to surpass a quota introduced by Beijing to protect domestic farmers.

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US-China tech war

China boosts trade-war toolkit with cross-border investment overhaul

Unifying and strengthening cross-border investment rules will help China fight potential trade wars with the US and Europe.

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Mainland China

Opinion | How foreign investors should view China’s ‘little giants’ scheme

The label has its uses but it proves nothing about commercial success, product quality, financial health or global competitiveness.

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Pudu Robotics, a national-level “little giant” based in China’s Jiangsu province, showcases its products at the International Robot Exhibition (iREX) 2025, the world’s largest robotics trade show, held at the Tokyo Big Sight in Japan from December 3-6. Photo: Handout
Low-altitude economy

How a WeChat mini-program is helping China fine-tune drone regulation

New flight-clearance model is being promoted in Shanghai and Sichuan, but Beijing’s skies remain off-limits.

US-China tech war

China’s new outbound investment rules

SCMP Plus annotates new investment rules released by China’s State Council in the wake of the high-profile Nexperia dispute and Meta’s aborted acquisition of Manus.

Banking & finance

Macau taps into Project mBridge digital currency platform

Project mBridge is seen as part of Beijing’s push to establish alternatives to traditional, US-dollar-centric payment networks.

A visitor arrives at the Beyond Expo technology exhibition in Macau on Friday. Photo: AFP
China manufacturing

China’s overseas expansion fuelled by government subsidies: OECD report

While OECD figures suggest subsidies have driven Chinese firms’ rapid growth abroad, a Chinese chamber of commerce questioned the report’s standards.

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Welding robots weld a heavy truck cab at an industrial park of Sany, China’s leading heavy equipment manufacturer. A report has revealed Chinese companies are heavily backed by government subsidies which is fuelling their global market expansion. Photo: Xinhua
China property

Food Republic joins wave of foreign brands retreating in China

Singaporean operator leaves capital after 25 years as food court model loses favour amid rise of food delivery, shopping-mall evolution.

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Banking & finance

Why are Asia’s families eyeing liquid assets to secure their children’s wealth?

More of the continent’s parents are providing share portfolios and other assets for their offspring as confidence in property begins to wane.

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Science

China team drafts sanctions list targeting US, allies on 63 key tech sectors

Scientists have listed sensitive or globally competitive tech that may benefit from export restrictions to keep them out of foreign hands.

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A Chinese team has drawn up a list of sensitive or globally competitive technology sectors that could benefit from export restrictions to the US and its allies. Illustration: Shutterstock
Yuan

Is China’s global economic influence bigger than it looks? New study says yes

Standard metrics understate China’s physical investment gap with the US and its wider economic influence, researchers say.

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A clerk counts Chinese currency notes at a bank branch in Huaibei in central China’s Anhui province. Photo: AP
2026 Xi-Trump summit

No need for ‘AI Iron Curtain’, China’s Communist Party mouthpiece says

People’s Daily says China and US should work together to advance the development and governance of artificial intelligence.

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China technology

Why China is tightening tech investment rules amid rising global disputes

A new regulation will also grant Beijing the authority to counter foreign entities it views as harming its interests.

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