14 h. ago Major foreign banks raise China’s GDP forecast, annual target seen as ‘on track’

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

14 h. ago Overseas banks raise China GDP forecasts, say Beijing ‘on track’ for 2025 target

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

16 h. ago At China’s Canton Fair, exporters sense a warming trend in yuan settlements

At the ongoing autumn edition of the Canton Fair in Guangzhou – China’s oldest and largest trade exhibition – Chinese exporters are noticing a quietly spreading shift: an increasing number of overseas clients, particularly from emerging markets such as Southeast Asia, Central Asia and Africa, are proactively proposing to settle trade orders in yuan. Wang Lilin, sales director at diesel generator manufacturer Keypower, said the company had seen a clear rise in yuan settlements over the past two...

Events

17 h. ago China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says

China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says  businessinsider.com

Politics

31 h. ago China’s rare earth magnet exports to US plunge 29% as tensions simmer

The decline in China’s exports of rare earth magnets to the United States accelerated in September – a period predating Beijing’s expansion of controls over the flow of the critical minerals – an indication the prized items remain a major battleground in the ongoing trade war between the world’s two largest economies. China’s total exports to the US of the permanent magnets – essential components in manufacturing for several hi-tech industries, including electric vehicles and defence – reached...

Events

32 h. ago China doubles GenAI users, PLA ship near disputed shoal: 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 reports 4.8% quarterly GDP growth, moving closer to annual target China’s economy grew 4.8 per cent year on year in the third quarter of 2025, keeping the country largely on track to achieve its full-year target, but analysts said further policy support is still needed to maintain this stable trajectory and improve domestic demand. 2. China’s...

Politics

33 h. ago China’s soybean imports surge as orders to US hit zero and American farmers fret

China imported no soybeans from the United States in September, but total imports remained at high levels amid a recent escalation in the US-China trade war, the latest Chinese customs data showed. Last month, the world’s largest food buyer purchased 12.8 million tonnes of soybeans – a crop heavily reliant on imports for its livestock industry – with a notable surge from Argentina during a brief suspension of export taxes, according to the detailed customs data released on Monday. The absence of...

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33 h. ago ‘Act of defiance’: China’s crude oil imports from Russia rise despite US pressure

Russia remained China’s top crude oil supplier in September, at a time when the United States is stepping up pressure on major economies to curb their reliance on energy from the Eurasian country. Imports from Russia rose 4.3 per cent in volume from August to 8.29 million tonnes in September, accounting for 17.5 per cent of China’s total crude imports, customs data showed – a sign of Beijing’s willingness to maintain trade links with Moscow despite geopolitical frictions. Chinese purchases of US...

Events

37 h. ago China's economy grows at slowest pace in a year amid US trade war

China's economy grows at slowest pace in a year amid US trade war  Euronews.com

Events

37 h. ago China's economy slows as trade war, weak demand highlight structural risks

China's economy slows as trade war, weak demand highlight structural risks  Reuters

Events

40 h. ago China’s economy grows at slowest pace in a year as trade war bites

China’s economy grows at slowest pace in a year as trade war bites  The Washington Post

Events

43 h. ago China says its economy slowed to a 4.8% annual pace of growth in the last quarter

China says its economy slowed to a 4.8% annual pace of growth in the last quarter  San Francisco Chronicle

Politics

43 h. ago China’s Economy Holds Steady, but Consumers Grow More Cautious

China’s Economy Holds Steady, but Consumers Grow More Cautious  The New York Times

Politics

44 h. ago China reports 4.8% quarterly GDP growth, moving closer to annual target

China’s economy grew 4.8 per cent year on year in the third quarter of 2025, staying in line with expectations and bringing the country closer to achieving its annual target despite rising external uncertainties. The closely watched figure for gross domestic product, released by the National Bureau of Statistics (NBS) on Monday, came in just above the 4.76 per cent forecast in a survey of economists by Chinese financial data provider Wind. It marked a deceleration from the 5.2 per cent expansion...

Events

46 h. ago China’s economy grows 4.8% in third quarter as expected, but investment sees 'rare and alarming' drop

China’s economy grows 4.8% in third quarter as expected, but investment sees 'rare and alarming' drop  CNBC

Economics

58 h. ago Chinese firm thanks ‘sales consultant' Trump as tariff threat spurs orders

A Chinese exporter said it has seen a sudden surge in orders as US humanoid robot makers and artificial intelligence (AI) companies – including industry leader OpenAI – rush to secure critical components amid Washington’s threat to impose an additional 100 per cent tariff on goods from the country. MyActuator, a Suzhou-based manufacturer of intelligent drive modules for humanoid robots, has received more than 1,000 new orders in the past week alone, according to a person familiar with the...

Economics

63 h. ago US business leaders eye Hong Kong as ‘springboard’ to mainland China, Asia

American business leaders are looking to use Hong Kong as a “springboard” for tapping markets in China and Asia despite geopolitical tensions amid a wider reassessment of the mainland’s technological innovation, the city’s finance chief has said. Reflecting on his trip to New York and Washington last week, Financial Secretary Paul Chan Mo-po also said on Sunday that his exchanges would “lay the foundation” for further cooperation with the United States, even as Hong Kong got caught up in the...

Politics

2 d. ago Survivors of US strike on ‘drug vessel’ to be sent back to Ecuador, Colombia

The two survivors of an American military strike on a suspected drug-carrying vessel in the Caribbean will be sent to Ecuador and Colombia, their home countries, US President Donald Trump said on Saturday. The military rescued the pair after striking a submersible vessel on Thursday, in what was at least the sixth such attack since early September. “It was my great honor to destroy a very large DRUG-CARRYING SUBMARINE that was navigating towards the United States on a well known narcotrafficking...

Events

3 d. ago Here’s how Trump can hit China’s economy where it really hurts as analysts say Beijing’s rare earths gamble could backfire

Here’s how Trump can hit China’s economy where it really hurts as analysts say Beijing’s rare earths gamble could backfire  Yahoo Finance

Events

3 d. ago Gangs in China exploiting US gift cards to move stolen cash, DHS says

Gift cards, one of the most basic financial products in the US retail market, have become the backbone of a billion-dollar criminal economy that investigators say is moving American money into China. Homeland Security Investigations agents say Chinese organised-crime groups have built a laundering network that uses US retailers, mobile wallets and cryptocurrency to steal and export wealth. Operatives inside the US drain compromised gift cards, buy high-value goods such as iPhones and laptops,...

Events