28 h. ago Mars discovery, NBA star writes for Chinese state media: 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. China’s export growth slows in August under shadow of trade war uncertainty China’s exports continued to rise in August, though at a slower pace, with the near-term outlook clouded as global markets watch to see whether the world’s two largest economies can reach a lasting and durable trade deal. 2. Oxford’s Ian Goldin on the biggest challenges for China’s...

Politics

32 h. ago Computer maker Dell to cut jobs in China in latest US retreat from No 2 economy

US computer maker Dell Technologies has targeted some of its employees in China for job cuts in the latest case of American businesses retreating from the world’s second-largest economy. Dell would have individual meetings with the affected employees this week, and their last day would be October 10, according to two people who received the notice. Prior to their last day, employees could apply for any internal vacancies, they added. The job cuts mainly affect Dell’s EMC storage unit and its...

Politics

38 h. ago China’s export growth slows in August under shadow of trade war uncertainty

China’s exports continued to rise in August, though at a slower pace, as global markets watch to see whether the world’s two largest economies can reach a lasting and durable trade deal. Outbound shipments rose by 4.4 per cent year on year to US$321.8 billion last month, according to customs data released on Monday. The figure was lower than the 7.2 per cent recorded in July and fell short of the 5.4 per cent forecasted by Chinese financial data provider Wind. Imports in August, meanwhile, rose...

Events

6 d. ago China holds largest military parade in Beijing with world leaders attending

China holds largest military parade in Beijing with world leaders attending  Anadolu Ajansı

Events

6 d. ago South China’s Greater Bay Area boasts world’s largest innovation cluster

A portion of China’s Greater Bay Area has been named the world’s largest innovation cluster, underscoring Beijing’s drive for technological self-reliance at a time of rising geopolitical uncertainties with the United States. The Shenzhen-Hong Kong-Guangzhou technology hub – the heart of the bay area plan – has overtaken Tokyo-Yokohama to become the world’s largest innovation cluster, according to the World Intellectual Property Organisation’s (WIPO) 2025 Global Innovation Index released on...

Politics

6 d. ago World's largest automated container terminal starts operation in Shanghai

As part of the Shanghai Free Trade Zone, the system can operate completely unmanned.

Politics

7 d. ago As China exports to Russia dip on less car demand, new deals show ‘room to grow’

Despite a slowdown in automotive shipments from China to Russia, there is room for them to advance trade settled in yuan and roubles as both countries continue to be pressured away from the US market, analysts said on Tuesday during Russian President Vladimir Putin’s visit to the world’s second-largest economy. Russians want consumer goods, personal electronics and common machinery that are difficult to import from the West because of trade sanctions over Russia’s invasion of Ukraine that began...

Politics

8 d. ago South Korea’s Samsung, SK Hynix stocks sag after US revokes China chip permits

Shares of Samsung Electronics and SK Hynix slid on Monday after the Trump administration decided to make it harder for the world’s largest memory chipmakers to ship critical equipment to their giant Chinese operations. The surprise ruling deals a potential blow to their production in the world’s largest semiconductor market. While both South Korean companies have memory plants in their home market, China accounts for a major slice of their global output. Samsung sank more than 2 per cent, while...

Politics

9 d. ago Japan’s property market booms with US$22.8 billion investment surge

Japan’s renewed economic vigour is spurring more investment in its property market, especially the multifamily segment, but the environment presents challenges for investors, according to Hong Kong-based Avatar Capital Partners. The world’s fifth-largest economy was attracting more property investment from both domestic and foreign capital, which required the asset-management firm to be savvy in its investment choices to secure assets, said Angel Li, a founding partner. Avatar said in July that...

Economics

1 week ago Tech war: Huawei executive claims victory over US sanctions with tech ecosystem

China has virtually overcome crippling US tech restrictions, according to a senior executive at Huawei Technologies, as mainland-developed computing infrastructure, AI systems and other software now rival those from the world’s largest economy. Shenzhen-based Huawei, which was added to Washington’s trade blacklist in May 2019, has already “built an ecosystem entirely independent of the United States”, said Tao Jingwen, president of the firm’s quality, business process and information technology...

Events

1 week ago Profitability pressure grows for China’s state banks amid low rates

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings. Net profit at Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, fell 1.4 per cent in the first half from a year earlier to 168.1 billion yuan (US$23.5 billion), according to its interim results announced on Friday after the market closed. Its net interest margin (NIM), a key indicator of a bank’s profitability, fell to 1.3...

Economics

1 week ago Why Trump’s furniture tariffs could complicate efforts to reassemble China trade

US President Donald Trump’s renewed threat to impose tariffs on imported furniture could erode some of China’s exports while doing little to bring manufacturing back to America as he promised, according to analysts. And they added that such a move risks escalating tensions between the world’s two largest economies, whose earlier extension of a trade truce, coupled with conciliatory statements, had suggested a more amenable posture in trade negotiations. Trump announced plans to impose steep...

Politics

1 week ago Lidar sensor maker Hesai Group gets regulatory approval for Hong Kong IPO

Hesai Group, one of the world’s largest makers of automotive Lidar sensors, received the green light from China’s securities regulator to sell new shares in Hong Kong. The Shanghai-based company plans to issue up to 51.24 million shares on the Hong Kong stock exchange, according to a filing with the China Securities Regulatory Commission (CSRC) on Tuesday. The filing confirmed that the CSRC reviewed and acknowledged Hesai’s materials, without disclosing the fundraising size and timetable for...

Politics

2 w. ago Malaysian heiress to Top Glove fortune seeks US$200 million for private markets

Iris Capital Partners, an investment firm backed by the heir to a Malaysian fortune, is seeking to raise US$200 million from institutional investors, the latest family wealth vehicle to open up to outside capital. The firm is seeking cash for a new private credit and private equity fund, managing partner Rachel Lau said in an interview. She is the daughter of the late Lau Boon Ann, who built a fortune in real estate and was an early investor in Top Glove, the world’s largest manufacturer of...

Economics

2 w. ago China launches world’s most powerful detector for ‘ghost particles’

China launched the Jiangmen Underground Neutrino Observatory (Juno), the world’s largest detector for elusive “ghost particles” called neutrinos, in Guangdong province on Tuesday. The massive facility has started collecting data for its mission to track the mysterious particles with no electrical charge, very little mass and moving at near-light speed. The Institute of High Energy Physics of the Chinese Academy of Sciences said Juno had successfully completed filling its 20,000-ton (18,000kg)...

Politics

2 w. ago China Accreditation Test for Translators and Interpreters Becomes the World's Largest Translation Test

China Accreditation Test for Translators and Interpreters Becomes the World's Largest Translation Test  Yahoo Finance

Politics

2 w. ago Cambricon tops Moutai as China’s costliest stock as chips beat liquor

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 579.38 billion yuan (US$81 billion) in market value. The stock has more than doubled in...

Politics

2 w. ago Hong Kong tops the US as IPO venue for mainland Chinese start

In the first of a two-part series about Hong Kong’s market for initial public offerings, Zhang Shidong and Ao Yulu report that more Chinese companies opted to list in Hong Kong in the first eight months of 2025 than in New York. Hong Kong has overtaken the US as the new listing venue for mainland Chinese companies, marking a major milestone for the world’s fourth-largest capital market after a decade of betting on its growth in its much larger and stronger hinterland. As many as 46...

Politics

2 w. ago Tesla upgrades EV voice assistant system with AI from DeepSeek and ByteDance

Tesla is rolling out an upgraded voice assistant system for its electric vehicles (EVs) in mainland China, adopting artificial intelligence from DeepSeek and ByteDance to better engage with customers in the world’s largest automotive market. DeepSeek’s namesake chatbot would be used for “AI interaction”, which enables a Tesla EV’s driver to have casual conversations with the system, while also getting the latest news and weather information, according to the updated terms of use posted this...

Politics

2 w. ago E&E News: China races to build world’s largest solar farm to meet targets

E&E News: China races to build world’s largest solar farm to meet targets  POLITICO Pro

Events