8 h. ago China mostly unscathed by turbulent six months, but 2025 still an uphill climb

While China’s economy has shown considerable resilience through a turbulent first half of 2025 – navigating the dramatic twists and turns of US trade policy while maintaining steady growth - experts warn Beijing’s challenges are far from over. Although many believe the country can still hit its annual goal of “around 5 per cent” for gross domestic product growth, more pressure points are expected to emerge in the latter half of the year. After the bilateral trade war saw a temporary...

Politics

8 h. ago China mostly unscathed by turbulent 6 months, but 2025 still an uphill climb

While China’s economy has shown considerable resilience through a turbulent first half of 2025 – navigating the dramatic twists and turns of US trade policy while maintaining steady growth - experts warn Beijing’s challenges are far from over. Although many believe the country can still hit its annual goal of “around 5 per cent” for gross domestic product growth, more pressure points are expected to emerge in the latter half of the year. After the bilateral trade war saw a temporary...

Politics

19 h. ago China’s Xi Jinping puts domestic market at forefront in high

President Xi Jinping reiterated the need for China to develop a “unified national market” at a high-profile economic meeting on Tuesday, a task which has taken on greater urgency as the country prioritises domestic demand amid a more uncertain external landscape. Greater efforts are needed to address a variety of issues facing the world’s second-largest economy, the Central Financial and Economic Affairs Commission said in a readout from their sixth meeting, explicitly calling for a crackdown on...

Politics

20 h. ago Digital economy conference in Beijing to highlight international collaboration

Digital economy conference in Beijing to highlight international collaboration  China Daily - Global Edition

Politics

21 h. ago Shocking Shift In Cuba’s Economy: China Surpasses Russia As The Island’s Key Benefactor

Shocking Shift In Cuba’s Economy: China Surpasses Russia As The Island’s Key Benefactor  Travel And Tour World

Events

21 h. ago China bets on tax perks to win back foreign investors amid global headwinds

China has stepped up efforts to attract foreign investors, as policymakers look to bolster the domestic economy and safeguard its position in global supply chains amid negotiations with major trade partners. New tax breaks unveiled this week aim to encourage foreign firms to reinvest profits locally – part of a broader effort to restore confidence and signal openness as challenging trade talks continue with the European Union and United States. The Ministry of Commerce, the Ministry of Finance...

Economics

23 h. 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

27 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

31 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

42 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

42 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

44 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

51 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

51 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

54 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

67 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

4 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

4 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

4 d. ago China industrial profits sink 9% in May on ‘weak demand’, US trade dispute

China’s industrial profits fell by more than 9 per cent in May over the same month of 2024, according to data released on Friday, reflecting what analysts said was weak domestic demand for minerals and motor vehicles, coupled with ramifications of the US-China tariff dispute. The National Bureau of Statistics said profits for industrial companies making more than 20 million yuan a year in revenue dropped in May by 9.1 per cent, year on year. Industrial profits fell 9.7 per cent in May over...

Politics

4 d. ago Will Guangdong’s plan for a domestic version of Canton Fair pay off?

Southern China’s Guangdong province will launch a “domestic trade version” of the Canton Fair – the country’s largest import and export fair – to help export-oriented companies tap into the domestic market amid weak external demand and rising global trade uncertainties. The initiative is a key component of a work plan released by the provincial government on Tuesday that aims to strengthen “domestic circulation” – a strategy focused on boosting China’s economic self-reliance by building a robust...

Politics