2 w. ago China’s economic data, PLA’s patrols in disputed waters: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. The US-China rivalry is reshaping global supply chains – who benefits most? Supply chain competition between China and the United States is set to intensify over the next five years, with eight developing countries – including four in the Association of Southeast Asian Nations (Asean) – poised to benefit from the relocation of manufacturing from China,...

Economics

2 w. ago Mixed Economic Data in China in May: Factories Down, Retail Up

Mixed Economic Data in China in May: Factories Down, Retail Up  Asia Financial

Economics

3 w. ago NZD/USD remains above 0.6000, moves little after China’s economic data release

NZD/USD remains above 0.6000, moves little after China’s economic data release  FXStreet

Economics

3 w. ago Australian Dollar steadies following mixed economic data from China

Australian Dollar steadies following mixed economic data from China  FXStreet

Economics

3 w. ago China’s economy weathers US tariff storm in May as consumption picks up

China’s economic data sent mixed signals in May, with US tariffs continuing to weigh on the country’s manufacturing and exports but domestic consumption picking up slightly in the run-up to a major online shopping festival. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, data from the National Bureau of Statistics showed on Monday. The figures exceeded a forecast of 4.85 per cent growth by financial data provider...

Economics

3 w. ago Ahead of US trade talks, China’s rare earth trade data from May sends a message

In a reflection of Beijing’s ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior. The official data came as analysts have been saying that China’s export controls over large quantities of critical minerals are like the ultimate trump card in trade negotiations with the United States. The world’s second-largest economy exported rare earth elements worth...

Politics

3 w. ago Malaysia assures users their privacy is protected in mobile data grab

Malaysia’s communications regulator has assured the public that their privacy remains intact, despite a government move to hoover up data on mobile phone and internet usage as part of widening controls over online activity. The Malaysian Communications and Multimedia Commission (MCMC) said that the data being compiled under the government’s Mobile Phone Data project was all anonymous. There were no markers to indicate the identity of users, such as names or mobile numbers. “At the point of...

Politics

4 w. ago China trade data for May misses expectations as export growth slows, imports dip

China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market...

Politics

4 w. ago US tariffs hit China’s exports in May, but June seen as ‘a better month’

China’s export growth slowed last month, weighed down by fewer US orders being made before the two countries came to a 90-day tariff truce. And while June’s prospects look poised to improve, China’s manufacturing and trade sectors remain under strain, according to economists, who also point to lingering uncertainties over American tariffs. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth...

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