1 hour ago China offers tax refund to French cognac makers amid EU brandy probe: source

Beijing has extended an olive branch to French cognac producers by promising a “significant” tax refund if they cooperate with its anti-dumping investigation into European Union brandy sold in China, according to an industry source with knowledge of the matter. Major brands Hennessy, Martell and Rémy Martin have been offered the terms, said the person, who spoke anonymously due to the sensitivity of the issue. To qualify, producers must agree to Beijing’s demands, commit to a minimum selling...

Economics

5 h. ago Why China’s yuan is forecast to keep strengthening against the US dollar

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US dollar amid a stronger-than-expected domestic economy and growing concerns over US debt sustainability. On Tuesday, the People’s Bank of China set its daily reference rate at 7.1534 per US dollar – strengthening from Monday’s 7.1656, and the strongest level since early November. In June, the onshore yuan appreciated by 0.41 per cent against the greenback, bringing...

Politics

7 h. ago Global Economic Shocks: Impact of US–China Rivalry on Morocco’s Trade and Investment

Global Economic Shocks: Impact of US–China Rivalry on Morocco’s Trade and Investment  Modern Diplomacy

Economics

9 h. ago What Can China Learn From Japan On Maintaining Social Stability During Economic Downturns? – Analysis

What Can China Learn From Japan On Maintaining Social Stability During Economic Downturns? – Analysis  Eurasia Review

Economics

9 h. ago China’s coffee craze creates bottomless cup of rural cafes – can the buzz last?

She seldom visits the same suburban cafe twice. Asa Jin has her cuppa, takes in the view, snaps her share of pictures for social, and then considers which among the rising number of coffee shops she will visit next. “Most rural cafes are leaning into a trendy, influencer-driven vibe, but it’s not sustainable,” said the 37-year-old freelancer from Hangzhou, Zhejiang province, explaining that many shops try to lure customers with “unique natural settings” – perfect for coffee-sipping social media...

Politics

20 h. ago ‘Risky choice’: why Canada’s tough stance towards US and China may backfire

The Canadian government appears to be caught between “a rock and a hard place” after trying to introduce tough measures targeting both American and Chinese companies last week, analysts said. Ottawa raised eyebrows by ordering a high-profile Chinese company to cease operations in the country due to national security concerns on Friday – the same day that US President Donald Trump announced he was breaking off trade negotiations with Canada over its proposed digital services tax. But Canada has...

Events

21 h. ago Why China sees US trade deals with partners as a threat – and how it could react

Beijing has renewed its warning to other countries not to strike deals with the United States on terms that come at China’s expense – ahead of Washington’s looming deadline to conclude tariff negotiations with most of its trade partners. Chinese officials are concerned that nations from Europe to Southeast Asia may enter into trade agreements with the US that divert supply chains, reduce bilateral trade with China or compel governments to exit Beijing-led projects, analysts said on Monday. “The...

Events

23 h. ago Billions misused in China 2024 stimulus, from flood controls to gym gear: audit

China’s top audit watchdog has revealed that tens of billions of yuan in funding were misused by localities amid a roll-out of stimulus measures and flagship projects that the nation adopted last year, as Beijing injected trillions to boost China’s economy. The revelation – resulting from an assessment of the central government’s budget execution last year, as well as of other fiscal revenues and expenditures in 2024 – was spelled out in a report submitted by National Audit Office auditor...

Events

24 h. ago China: Economic momentum likely sustained in June – UOB Group

China: Economic momentum likely sustained in June – UOB Group  FXStreet

Economics

25 h. ago Why India’s real estate surge doesn’t make it a substitute for China

Divergences and idiosyncrasies are an important part of Asia’s real estate landscape. Whether it is the stark contrast between Seoul’s remarkably resilient office market and its ailing counterpart in Hong Kong or the big difference between Japan’s mature and institutionalised rental housing market and its nascent peers elsewhere in the region, Asia’s property sector is far from homogeneous. Yet among the leading economies in the region, the performance gap between China and India is far and away...

Politics

25 h. ago Don’t overhype the diverging fortunes of Chinese and Indian real estate

Divergences and idiosyncrasies are an important part of Asia’s real estate landscape. Whether it is the stark contrast between Seoul’s remarkably resilient office market and its ailing counterpart in Hong Kong or the big difference between Japan’s mature and institutionalised rental housing market and its nascent peers elsewhere in the region, Asia’s property sector is far from homogeneous. Yet among the leading economies in the region, the performance gap between China and India is far and away...

Politics

27 h. ago China’s Stimulus Outlook Clouded by Surprise Economic Strength

China’s Stimulus Outlook Clouded by Surprise Economic Strength  Yahoo Finance

Economics

29 h. ago China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. China warns countries not to sign US trade deals at its expense 2. Why China may be keeping a close eye as Trump gets drawn into the Middle East 3. Dozens left stranded by Hong Kong’s Cathay after flight from New York cancelled 4. Palace intrigue conquers global screens: has China cast its new...

Events

29 h. ago China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads you missed

China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads you missed  South China Morning Post

Events

32 h. ago Experience Week show the leapfrog of digital economy in Beijing

Experience Week show the leapfrog of digital economy in Beijing  China Economic Net

Politics

34 h. ago US loath to drop ‘economic bunker buster’ on China, India, Russia

US loath to drop ‘economic bunker buster’ on China, India, Russia  Asia Times

Economics

45 h. ago The ‘family warehouses’ powering Shein and Temu’s rapid UK expansion

In Kevin Zhang’s quiet, two-storey house in Gloucester, hundreds of parcels blanket the living room floor. Each package – shipped from China – is bound for British customers who placed orders on Temu, TikTok Shop and AliExpress. Zhang, 49, moved to the United Kingdom from China’s rustbelt northeast in 2000, and spent years running a local nail salon. But in March, he sensed that something big was happening with China’s cross-border e-commerce platforms – and decided to make a change. He...

Society

3 d. ago China’s stablecoin edge? WeChat and Alipay, says top economist

China already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country’s leading investment bank has argued – amid growing calls for Beijing to quickly adapt to the global rise of digital assets. “From an economic perspective, money based on third-party payment platforms functions much like stablecoins – and China holds a comparative advantage in this area, having already built a relatively mature regulatory framework,” said Peng Wensheng, chief economist at...

Economics

3 d. ago China's central bank pledges to speed up policy response to economic conditions

China's central bank pledges to speed up policy response to economic conditions  Reuters

Economics

3 d. ago China becomes bright spot at uncertain time: SCMP’s ‘Summer Davos’ highlights

For those attending the World Economic Forum’s Annual Meeting of the New Champions this week, “uncertainty” was the inescapable word. It could be found on the lips of almost everyone; senior Chinese officials, global executives, foreign academics and thought leaders from all fields. This should not come as a surprise. Simmering regional tensions, unpredictable policy pivots from Washington and a foggy picture for global trade were all top of mind as speakers and panelists gathered in the...

Politics