13 h. ago China pledges to build megaprojects despite pivot to domestic consumption

China will continue to “scientifically” plan and build megaprojects while maintaining its “investment intensity” over the next five years, officials said – even as Beijing seeks to shift to a more consumption-driven growth model. “To further drive economic development and improve people’s livelihoods, it is essential to maintain a certain scale of investment,” said Li Chunlin, vice-chairman of the National Development and Reform Commission (NDRC), the country’s top economic planner, at a press...

Politics

20 h. ago BYD makes safety pledge for cars with proprietary assisted driving in China

BYD makes safety pledge for cars with proprietary assisted driving in China  Reuters

Transport

68 h. ago EU holds back on signing climate action pledge with China, FT says

EU holds back on signing climate action pledge with China, FT says  Reuters

Politics

7 d. ago Dalai Lama lays out succession plan, pledging reincarnation as China eyes interference

Dalai Lama lays out succession plan, pledging reincarnation as China eyes interference  Fox News

Politics

7 d. ago Hong Kong stocks gain amid surge in mainland fund inflows, Beijing pledge

Hong Kong stocks gain amid surge in mainland fund inflows, Beijing pledge  South China Morning Post

Politics

1 week 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

1 week ago China, Senegal pledge stronger strategic partnership during Beijing talks

China, Senegal pledge stronger strategic partnership during Beijing talks  africanews.com

Politics

2 w. ago Not just manufacturing: Li Qiang vows China will be major consumption power

Premier Li Qiang has pledged that China will become a “consumption powerhouse” capable of fuelling domestic and global growth, even as he acknowledged the country was grappling with a slump in cross-border investment and persistent trade tensions. Speaking at the World Economic Forum’s annual meeting in Tianjin on Wednesday, Li reiterated Beijing’s commitment to boosting demand in the world’s second-largest economy and defending globalisation. “This will make China a mega-sized consumption...

Politics

2 w. ago Vietnam’s Pham confident of ‘positive’ results ahead of US tariff deal deadline

Vietnamese Prime Minister Pham Minh Chinh has expressed confidence about “positive” results ahead of the US trade deal deadline in two weeks, while pledging to maintain a “good balance” between the US and China. “I hope that you will see that the result will come earlier than two weeks,” Pham told the World Economic Forum’s summer meeting in the Chinese city of Tianjin on Wednesday. “We have self-confidence. We would arrive at something positive, and that will bring about benefits to the US, to...

Economics

2 w. ago How deep will China go to boost gold production by more than 5%?

China plans to use new mining technology and also dig deeper to increase gold production over the next three years as demand for the precious metal soars amid rising geopolitical tensions. In the 2025-2027 gold industry development action plan released on Monday, the Ministry of Industry and Information Technology and eight other agencies pledged to increase China’s gold reserves by 5 to 10 per cent and also raise gold output by more than 5 per cent. “Gold is a strategic mineral resource with...

Politics

2 w. ago Li Qiang pledges to make China ‘massive’ consumer market to drive global growth

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. Chinese Premier Li Qiang is scheduled to give the keynote speech at the Annual Meeting of the New Champions, also known as “Summer Davos”, in the northern port city of Tianjin on Wednesday morning. The world’s second-largest economy has largely withstood the tariff war launched by US...

Politics

2 w. ago 'Let's not be naive' — Rutte urges NATO to face Russia, China threats, pledges support for Ukraine

'Let's not be naive' — Rutte urges NATO to face Russia, China threats, pledges support for Ukraine  The Kyiv Independent

Events

3 w. ago China will boost the yuan’s global reach with new operations centre, PBOC says

China will set up an “international operations centre” for the digital yuan to boost the global influence of the renminbi, People’s Bank of China Governor Pan Gongsheng announced at the Lujiazui Forum in Shanghai on Wednesday. The measure was among eight financial policies Pan announced during the opening of the annual finance-facing forum, which also included pledges that China would pilot a range of structural monetary policy tools in Shanghai. The policies come at a time when growing tensions...

Politics

3 w. ago China and Central Asian leaders cap summit with friendship pact and aid pledge

China wrapped up its latest engagement effort in Central Asia on Tuesday with a 1.5 billion (US$209 million) yuan pledge towards livelihood and development projects in the region. The six participating countries in the second China-Central Asia Summit also signed a landmark permanent friendship pact. “China is willing to provide 1.5 billion yuan in grant assistance to Central Asian countries this year to support livelihood and development projects of common concern to each country,” Chinese...

Politics

3 w. ago China car parts suppliers are wary of carmakers’ bill payment pledge

China car parts suppliers are wary of carmakers’ bill payment pledge  The Detroit News

Economics

4 w. ago BYD and other mainland carmakers pledge to speed up payments to suppliers

BYD and other mainland carmakers pledge to speed up payments to suppliers  South China Morning Post

Politics

4 w. ago China’s film distributors pledge more imports to diversify market

China’s film distributors have called for diversifying the country’s cinematic offerings with more and better titles from overseas, at a time when domestic productions have seized the lion’s share of the market from their imported competitors. At a work conference held by the state-owned China Film Group Corporation, as well as Huaxia Film Distribution, companies vowed to bring in “good titles from multiple countries” to improve the number, quality and market share of foreign films, state media...

Politics