4 h. ago Why China’s fight against cutthroat competition is different this time

China's top leaders have raised concerns about excessive competition in the domestic market in recent weeks, signalling a shift in policy priorities. In a meeting chaired by President Xi Jinping on July 1, the Central Finance and Economic Affairs Commission said Beijing needs to “focus on key and difficult issues, regulate enterprises’ disorderly and low-price competition” and “guide enterprises to improve product quality and promote the orderly exit of outdated production capacity”. The...

Sport

6 h. ago China’s exports accelerate in June as US trade truce creates opening

China’s exports registered a sizeable acceleration in June as exporters took advantage of the 90-day tariff truce to speed up their shipments, beating market forecasts. The world’s top merchandise exporter saw its outbound shipments rise by 5.8 per cent year on year to reach US$325.2 billion in June, according to customs data released on Monday. The figure follows a reported 4.8 per cent rise in May and eclipses the 3.6 per cent increase forecast in a market survey from Chinese financial data...

Politics

9 h. ago China’s economy likely grew faster than the government’s annual target in Q2

China’s economy likely grew faster than the government’s annual target in Q2  Forexlive | Forex News, Technical Analysis & Trading Tools

Politics

9 h. ago Tech takes centre stage as Chinese students weigh up major choices

Like millions of Chinese students, 18-year-old He Junjie is anxiously waiting to see which university and major will admit him after last month’s intensely competitive National Higher Education Entrance Examination, or gaokao. After evaluating his score and studying the universities and programmes he qualified for, He focused on engineering when submitting his applications a few weeks ago. Information and communications technology, as well as vehicle engineering, were the top choices, the young...

Politics

25 h. ago China's marine economy rides tide of innovation into greener seas

China's marine economy rides tide of innovation into greener seas  China Daily - Global Edition

Economics

25 h. ago Why China’s luxury hotels are selling street food to survive

Catering at luxury hotels typically involves high-end banquets and formal entertainment, with exquisite decor and masterfully crafted dishes often seen as worth the high price tag. But for many consumers in China, that is changing. In July, the five-star Zhongwu Hotel in Changzhou, Jiangsu province – ranked second among 10 luxury hotels in the city on Trip.com – surprised observers when it launched a street vendor service offering budget meal boxes prepared by its catering team. “You must first...

Society

32 h. ago What are China’s ‘future industries’ – and why they count in the global tech race

As the dust barely settles on “Made in China 2025”, Beijing is intensifying its quest for technological supremacy with a focus on “future industries” amid its escalating rivalry with the United States. Authorities are pushing boundaries in their pursuit of a new growth model centred on technological breakthroughs and industrial upgrades. What are “future industries”? First introduced by President Xi Jinping in 2020, the term refers to sectors with foundational technologies still in their infancy...

Politics

49 h. ago Plunging pork and poultry prices put pressure on Chinese farmers

China’s major protein categories – from pork to poultry – fell into a severe state of oversupply in the first half of this year, with prices declining across the board and widespread losses throughout the supply chain. Analysts said weak end-market demand and high inventory levels are weighing heavily on the breeding sector, and that while marginal improvements are expected in the second half of the year, the overall scope for recovery remains limited. The trend highlights the fragility of...

Events

68 h. ago China must ‘play the long game’ with trade partners as US bullies, analysts say

With US President Donald Trump sending more tariff letters to trade partners, Beijing has stepped up efforts – like rallying its own trade partners – to collectively push back against Washington’s trade protectionism. The world’s second-largest economy will provide considerable development opportunities – from broader market access to greater regional integration – while being mindful of US threats, according to statements this week following a string of overseas visits by Chinese...

Politics

3 d. ago Clean and green: China’s strategic energy investments fuel renewable sector

Already the world’s largest investor in energy, China is poised to shore up that position in the coming years by continuing to splash out on renewable energy, as international experts say energy security has become a key driver in the growth of global investments this year. China’s share of global clean energy spending has risen from a quarter to almost a third in the past decade, underpinned by strategic investments in a wide range of technologies, including solar, wind, hydropower, nuclear,...

Politics

3 d. ago China's economy likely grew 5.2% in Q2 despite trade war: AFP poll

China's economy likely grew 5.2% in Q2 despite trade war: AFP poll  France 24

Events

3 d. ago ‘I cook instant noodles’: anxiety grips China’s workforce amid dire job market

This is the final story in a three-part series exploring the domestic economic challenges China faces as it navigates an unprecedented trade war with the United States. In this piece, we explore the country’s cloudy employment outlook for workers across all sectors, and how truck drivers and high-powered lawyers alike are learning to adjust their expectations. When his chemical company laid off a third of its team, Liang Wang felt a mix of emotions: relief that he was not among them, but dread...

Society

4 d. ago EU on edge: why the bloc has no quick fix for China’s rare earth dominance

The European Union is facing growing calls to act against Beijing’s dominance over rare earth supply chains, highlighting persistent tensions just weeks before the coming EU-China summit. “Europe faces dual coercion: Trump’s tariffs and more threateningly, China’s strategic chokehold on rare earth exports,” said Bart Groothuis, MEP for Renew Europe, a centrist group in the European Parliament led by French President Emmanuel Macron’s Renaissance party. “This is not collateral damage from the...

Politics

4 d. ago EU urges China for rare earth access amid US tariffs, growing supply worries

The European Union is facing growing calls to act against Beijing’s dominance over rare earth supply chains, highlighting persistent tensions just weeks before the coming EU-China summit. “Europe faces dual coercion: Trump’s tariffs and more threateningly, China’s strategic chokehold on rare earth exports,” said Bart Groothuis, MEP for Renew Europe, a centrist group in the European Parliament led by French President Emmanuel Macron’s Renaissance party. “This is not collateral damage from the...

Politics

4 d. ago China offers subsidy to those hiring unemployed young people

China is stepping up its efforts to stabilise employment and bolster household incomes, as labour market pressures persist amid sluggish economic growth, fierce domestic competition and the trade war with the United States. The authorities will provide a one-off employment subsidy for companies and social organisations that hire unemployed people aged between 16 and 24, the General Office of the State Council said in a circular released on Wednesday. Employers who sign formal contracts and pay...

Politics

4 d. ago Can catlike US tariffs chase China’s manufacturing mouse out of the Asean maze?

Chinese exporters like Huang Yongxing are desperate for some straight answers so they can start making and shipping goods from their factories in either China or Southeast Asia. And the answers – or at least updates – that Huang does get, he shares on his social media account via weekly updates that have gained traction among owners of small and medium-sized businesses as disruptive and volatile tariff policies out of Washington continue to redraw the profitability lines for manufacturers. They...

Economics

4 d. ago ‘Whatever they do is wrong’: Chinese exporters trapped by Trump’s Asean tariffs

Chinese exporters like Huang Yongxing are desperate for some straight answers so they can start making and shipping goods from their factories in either China or Southeast Asia. And the answers – or at least updates – that Huang does get, he shares on his social media account via weekly updates that have gained traction among owners of small and medium-sized businesses as disruptive and volatile tariff policies out of Washington continue to redraw the profitability lines for manufacturers. They...

Politics

4 d. ago Von der Leyen warns China over support for Russia’s war economy

Von der Leyen warns China over support for Russia’s war economy  BLiTZ - Fears None But God

Events

4 d. 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

4 d. ago Surprise US copper tariff tests the mettle of China’s vast refining industry

Shockwaves from Washington’s decision to impose a 50 per cent tariff on copper imports are still rippling across the Pacific, and China, the world’s largest consumer of the metal, is feeling the effects. Copper futures traded in the US rallied on the tariff threat, expanding a price gap with the London and China markets, where prices fell. The most active copper futures contracts traded on the Shanghai Futures Exchange fell by 1.36 per cent on Wednesday following US President Donald Trump’s...

Politics