2 h. ago Stock Market Today: Dow, S&P 500 Edge Higher; Investors Eye U.S.

Stock Market Today: Dow, S&P 500 Edge Higher; Investors Eye U.S.-China Trade Talks — Live Updates  WSJ

Economics

40 h. ago China’s consumer prices fall for fourth month amid weak demand, trade tensions

China’s consumer prices declined for a fourth straight month in May, highlighting persistent deflationary pressures driven by sluggish demand and trade tensions with the United States, which are compounding inventory strains for manufacturers. The national consumer price index (CPI), a key gauge of inflation, fell 0.1 per cent year on year last month, according to data released by the National Bureau of Statistics on Monday. The figure beat market expectations after a poll by financial provider...

Events

4 d. ago China eyes 10 new national data zones in digital economy push, AI race with US

China will establish 10 national data pilot zones, its data agency announced, as the country seeks to bolster its digital economy and compete with the United States in the race to dominate artificial intelligence. The National Data Administration (NDA) said the zones would be established in Beijing, Zhejiang, Anhui and other regions. The initiative encourages select local governments to spearhead efforts “in nurturing data-related market entities and expanding the data market”, according to the...

Politics

5 d. ago EU to China: your ‘impressive rise’ must not crush our industries

The European Union’s trade chief Maros Sefcovic has warned China that its “impressive rise must not come at the expense of the European economy” as the bloc continues to push for Beijing to loosen export controls on rare earths and act on trade diversion. Speaking in Brussels on Thursday, two days after meeting Chinese Commerce Minister Wang Wentao, Sefcovic stated that “China has a responsibility to match its support for multilateralism with full respect for the rules meant to ensure fairness...

Politics

5 d. ago China hopes to power AI boom with green energy in new data centre strategy

To fuel its growing AI sector and computing prowess, China is integrating the development of power-hungry data centres into its national energy strategy. Under a new action plan released on Wednesday, Beijing would coordinate data centre planning with energy infrastructure in areas and regions rich in new energy resources, to meet the surging electricity demands of high-performance computing facilities. “We will focus on national hub nodes and resource-abundant non-hub regions such as Qinghai,...

Politics

7 d. ago Alibaba, JD.com sales surge during 618 festival, thanks to subsidy programme

Chinese e-commerce giants Alibaba Group Holding and JD.com are seeing strong sales momentum in their respective campaigns for this year’s 618 shopping festival, on the back of the government’s national subsidy programme. Preliminary 618 retail data from Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce unit, showed sales of categories that benefit from government subsidies – including consumer electronics products and home appliances – surged 283 per cent during the campaign’s initial...

Politics

7 d. ago Trade war risks could push global shippers to Asia’s arbitration hubs: analysts

The terms “United States exclusion clause” and “China risk clause” were frequently heard at a recent shipping forum hosted by Zhejiang Seaport Group in the eastern city of Ningbo, as uncertainties at sea persist despite the trade war truce reached between the world’s two biggest economies. The event brought together global logistics sector representatives and maritime law experts to consider new contract clauses, strategies and arbitration options, as stakeholders fear that a return of Donald...

Events

8 d. ago BTG Pactual eyes Hong Kong expansion as China and Brazil strengthen ties

Brazilian investment bank BTG Pactual is seeking to expand its operations in Asia, eyeing opportunities arising from the growing demand for data centres among Chinese artificial intelligence (AI) firms, as Beijing and Brasília strengthen their trade and investment ties amid tariff disputes with the US. Established in 1983, BTG is one of Brazil’s largest banks, with a presence across Latin America, the US, Europe and the Middle East. During an interview with the Post in Hong Kong on Saturday, BTG...

Politics

8 d. ago BTG Pactual eyes Hong Kong growth as China, Brazil strengthen ties

Brazilian investment bank BTG Pactual is seeking to expand its operations in Asia, eyeing opportunities arising from the growing demand for data centres among Chinese artificial intelligence (AI) firms, as Beijing and Brasília strengthen their trade and investment ties amid tariff disputes with the US. Established in 1983, BTG is one of Brazil’s largest banks, with a presence across Latin America, the US, Europe and the Middle East. During an interview with the Post in Hong Kong on Saturday, BTG...

Politics

8 d. ago Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag

Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag  Fortune

Politics

9 d. ago Will Indonesia’s Whoosh extension to Surabaya be derailed by Chinese debt?

Indonesia is reviving plans to extend its Chinese-backed high-speed rail network, with ambitions to connect Jakarta with Surabaya, the nation’s second-largest city. But analysts say familiar complications could stall the project, from regulatory hurdles to the mounting debt owed to China. The proposed extension would build on Whoosh – Southeast Asia’s first high speed rail line – a US$7.3 billion project connecting capital Jakarta to Bandung in West Java province. The 142km (88-mile) railway,...

Events

2 w. ago All eyes on China restrictions as Nvidia gets set to report results

All eyes on China restrictions as Nvidia gets set to report results  CNBC

Politics

2 w. ago Novartis expands strategic collaboration with Shanghai Pharma in China to cover eye drugs

Novartis expands strategic collaboration with Shanghai Pharma in China to cover eye drugs  Fierce Pharma

Events

2 w. ago China industrial profits grow, Xinjiang eyes travel boom: 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 industrial profits grow in April despite US trade war China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. 2. China’s Xinjiang woos foreigners for 1 trillion yuan tourism haul amid...

Politics

2 w. ago Sweden’s Scania readies €2 billion China factory, eyeing Asian growth

Sweden’s Scania readies €2 billion China factory, eyeing Asian growth  South China Morning Post

Events

2 w. ago Russian Crab snaps up auction quota, eyes increased China sales

Russian Crab snaps up auction quota, eyes increased China sales  Undercurrent News

Economics

2 w. ago Congo eyes U.S. minerals deal by June amid China competition

Congo eyes U.S. minerals deal by June amid China competition  Business Insider Africa

Politics

2 w. ago China’s corruption busters eye key tech sectors as Beijing gears up to challenge US

Crackdown on the big data industry’s heartland in Guizhou may be a mark of the importance the central government places on the sector.

Politics

2 w. ago China’s graft busters eye key tech sectors as Beijing gears up to challenge US

China’s graft busters eye key tech sectors as Beijing gears up to challenge US  South China Morning Post

Politics

3 w. ago ‘Eye candy therapy’: China doctor tells women to look at muscular men for mood boost

‘Eye candy therapy’: China doctor tells women to look at muscular men for mood boost  South China Morning Post

Politics