21 h. ago China Set to Cancel Part of EU Summit in Latest Strain on Ties

China Set to Cancel Part of EU Summit in Latest Strain on Ties  Bloomberg.com

Politics

23 h. ago China's industry ministry is set to tackle price war in solar sector

China's industry ministry is set to tackle price war in solar sector  Reuters

Events

52 h. ago Now, China Is Set To Break All Records Of Summer Travel: Reasons Being Unusually High Competition And Low Airplane Fares

Now, China Is Set To Break All Records Of Summer Travel: Reasons Being Unusually High Competition And Low Airplane Fares  Travel And Tour World

Politics

54 h. ago BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world’s largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China’s...

Economics

3 d. 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

4 d. ago China’s Railway System Set To Handle Nine Hundred Fifty Three Million Trips This Summer – What You Need To Know

China’s Railway System Set To Handle Nine Hundred Fifty Three Million Trips This Summer – What You Need To Know  Travel And Tour World

Politics

4 d. ago China's yuan rises after midpoint set at highest in nearly 8 months

China's yuan rises after midpoint set at highest in nearly 8 months  TradingView

Politics

5 d. ago Now India Set to Join China, UAE, Thailand, US, Australia, and Mexico as Countries Turn to Artificial Rain to Boost Tourism

Now India Set to Join China, UAE, Thailand, US, Australia, and Mexico as Countries Turn to Artificial Rain to Boost Tourism  Travel And Tour World

Politics

7 d. ago Treasury secretary reveals 'peace deals' with China as rare earth supplies set to flow

Treasury secretary reveals 'peace deals' with China as rare earth supplies set to flow  Fox Business

Politics

7 d. ago US, China reach ‘understanding’, Xi to miss Brics summit: SCMP’s 7 highlights

We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. White House says US reaches ‘understanding’ with China on rare earth shipments The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva,...

Politics

7 d. ago US, China reach ‘understanding’, Xi to miss Brics summit: 7 highlights

We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. White House says US reaches ‘understanding’ with China on rare earth shipments The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva,...

Politics

7 d. ago China set to deploy drone 'mothership' that can carry 100 small drones

China set to deploy drone 'mothership' that can carry 100 small drones  Nikkei Asia

Events

8 d. ago Made in China 2025 set the tempo of China’s industrial ambitions

Made in China 2025 set the tempo of China’s industrial ambitions  The World Economic Forum

Politics

9 d. ago China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Capital expenditure on artificial intelligence (AI) in China is forecast to reach 600 billion yuan to 700 billion yuan (US$84 billion to US$98 billion) this year, according to a Bank of America (BofA) report, as the mainland and the United States race for primacy in the vital technology. That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials,...

Economics

1 week ago China’s yuan set to benefit as central banks report doubts about US dollar

Central banks are showing more interest in the Chinese yuan as doubts grow about the future of the US dollar, but this shift is not enough to challenge the greenback’s dominance in global reserves, according to a new survey. In its latest Global Public Investor poll released on Tuesday, the London-based Official Monetary and Financial Institutions Forum (OMFIF) said a net 14 per cent of reserve managers plan to increase their yuan exposure in the next two years, up sharply from the 2 per cent...

Politics

1 week ago EU foreign policy chief calls for ‘dose of realism’ in China relations

European Union foreign policy chief Kaja Kallas Monday called for what she called “a dose of realism” in its relations with China after EU foreign ministers discussed security aspects of relations with China. The ministers met to set the agenda for a planned July 2 Brussels meeting between Kallas and Chinese Foreign Minister Wang Yi aimed at setting the tone for a July 24-25 EU-China leaders’ summit in Beijing and Anhui. “It is clear that China is one of the largest trading partners, and we have...

Events

1 week ago China dad rejects daughter’s US$72,000 wedding banquet bill, over cost, subpar food

A company boss in China set up 252 tables for his daughter’s grand wedding, then refused to pay the 520,000-yuan (US$72,000) bill. A pork vendor, surnamed Wang, in eastern China’s Zhejiang province said the boss of a local company, surnamed Qian, commissioned him to prepare food for his daughter’s wedding banquet in April. Wang said he dedicated himself to the task as he had known Qian for more than a decade. He provided the pork, contacted seafood vendors in another city in Zhejiang and bought...

Economics

2 w. ago China to lead global space weather monitoring and warning network

China has set out to lead the construction of the world’s most comprehensive space weather monitoring and warning network, an ambitious ground-based system comprising the largest chain of observatories on Earth, passing through more than 10 countries and regions. The International Meridian Circle Programme (IMCP) is aimed at building a matrix of surveillance stations to better understand and forecast solar activity such as solar storms, which can severely disrupt satellite communications,...

Events

2 w. ago US brain drain gathers pace as academics seek posts outside Trump’s America

A brain drain hitting American universities is expected to gather pace before the start of the new academic year as funding cuts and attacks on academic freedom have led increasing numbers of academics to question whether they wish to stay in the United States. Last month, the historians Timothy Snyder and Marci Shore, who are married to each other, announced their departure from Yale University to join the University of Toronto, citing concerns over the direction of American democracy during...

Politics

2 w. ago China’s Top Soy Sauce Maker Set to Begin Trading in Hong Kong

China’s Top Soy Sauce Maker Set to Begin Trading in Hong Kong  Bloomberg.com

Politics