5 d. ago China becomes bright spot at uncertain time: SCMP’s ‘Summer Davos’ highlights

For those attending the World Economic Forum’s Annual Meeting of the New Champions this week, “uncertainty” was the inescapable word. It could be found on the lips of almost everyone; senior Chinese officials, global executives, foreign academics and thought leaders from all fields. This should not come as a surprise. Simmering regional tensions, unpredictable policy pivots from Washington and a foggy picture for global trade were all top of mind as speakers and panelists gathered in the...

Politics

5 d. ago ‘Summer Davos’ debate: is China’s yuan ready to challenge US dollar dominance?

As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual Meeting of the New Champions debated whether China’s yuan could emerge as a credible alternative to challenge the world’s dominant currency. US President Donald Trump’s sweeping “reciprocal tariffs” on allies and adversaries alike marked “another step in the process of diminishing the role of the dollar as a global reserve currency,” said Diana Choyleva, senior fellow of...

Politics

5 d. ago Dollar is ‘America’s to lose’: experts argue at ‘Summer Davos’ amid yuan push

As global confidence in the US dollar erodes in the wake of Washington’s “Liberation Day” tariffs, economists at the Annual Meeting of the New Champions debated whether China’s yuan could emerge as a credible alternative to challenge the world’s dominant currency. US President Donald Trump’s sweeping “reciprocal tariffs” on allies and adversaries alike marked “another step in the process of diminishing the role of the dollar as a global reserve currency,” said Diana Choyleva, senior fellow of...

Politics

6 d. ago ‘Hotbed of opportunity’: Premier Li says China’s economy offers ‘certainty’

China will continue to be a land of opportunities and an engine of global growth and stability, even as the world faces rising geopolitical challenges and uncertainties, Chinese Premier Li Qiang said at the Asian Infrastructure Investment Bank’s (AIIB) Annual Meeting in Beijing. “China remains the country that contributes the greatest impetus to global economic growth, and the most significant source of certainty for world peace and development,” he said on Thursday. Li’s remarks came a day...

Politics

6 d. ago Address by China Premier Li Qiang to the Annual Meeting of New Champions 2025

Address by China Premier Li Qiang to the Annual Meeting of New Champions 2025  The World Economic Forum

Politics

6 d. ago China’s firms must integrate to succeed abroad, executives say at ‘Summer Davos’

Chinese companies should relocate their entire manufacturing ecosystems – rather than just completing the assembly of goods in another country – to solidify their overseas expansions, industry insiders said during the Annual Meeting of the New Champions in Tianjin. With uncertainty over global trade on the rise in the second term of US President Donald Trump, Chinese companies will look to strengthen the resilience of their supply chain by building factories in new markets, either for export or...

Politics

6 d. ago ‘Summer Davos’ calls for China’s firms to move manufacturing abroad for success

Chinese companies should relocate their entire manufacturing ecosystems – rather than just completing the assembly of goods in another country – to solidify their overseas expansions, industry insiders said during the Annual Meeting of the New Champions in Tianjin. With uncertainty over global trade on the rise in the second term of US President Donald Trump, Chinese companies will look to strengthen the resilience of their supply chain by building factories in new markets, either for export or...

Economics

6 d. ago ‘Summer Davos’ 2025: Live updates from Day 3 as China’s economy and AI strategy take centre stage

‘Summer Davos’ 2025: Live updates from Day 3 as China’s economy and AI strategy take centre stage  The World Economic Forum

Politics

6 d. ago Day 3 at ‘Summer Davos’ 2025: China’s economy and AI strategy

Day 3 at ‘Summer Davos’ 2025: China’s economy and AI strategy  The World Economic Forum

Politics

7 d. ago Xi may skip Brics, Li Qiang’s speech at ‘Summer Davos’: 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. In a first, Xi will miss Brics in Rio as Li leads China delegation: sources Chinese President Xi Jinping will not attend next week’s Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of leading emerging economies, the Post learned from multiple sources. 2. White House clarifies Trump’s comment on China buying Iranian oil US...

Politics

7 d. ago Hong Kong’s strengths in bridging East and West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

7 d. ago Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

7 d. 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

7 d. ago Financial Secretary Paul Chan Attends Summer Davos and AIIB Gala in Tianjin and Beijing

Financial Secretary Paul Chan Attends Summer Davos and AIIB Gala in Tianjin and Beijing  bastillepost.com

Politics

7 d. ago US tariffs not only killing trade, but chilling investment, leaders warn

Uncertainties created by the United States’ tariff blitz are not only disrupting global supply chains, but also causing investors to delay decisions, entrepreneurs and policymakers said at the “Summer Davos” forum. The warning at the annual gathering, which kicked off in the northern Chinese city of Tianjin on Tuesday, came as the trade war continued to cast a chill over the global economy, with US President Donald Trump threatening to reimpose tariffs on dozens of countries within...

Events

7 d. ago China’s Li Qiang gives ‘Summer Davos’ keynote in tense global atmosphere

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

7 d. 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

7 d. ago Li Qiang says China will be consumption power at ‘Summer Davos’: as it happened

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 gave 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 President Donald...

Politics

7 d. ago World Economic Forum: Turmoil and trade wars dominate 'summer Davos'

World Economic Forum: Turmoil and trade wars dominate 'summer Davos'  BBC

Economics

7 d. ago In a first, Xi will miss Brics in Rio as Li leads China delegation: sources

Chinese President Xi Jinping will not attend next week’s Brics summit in Rio de Janeiro, marking his first-ever absence from the gathering of leading emerging economies, the Post learned from multiple sources on Tuesday. According to officials familiar with the matter, Beijing told the Brazilian government that Xi had a scheduling conflict. Instead, Premier Li Qiang is expected to lead the Chinese delegation, as he did at the G20 summit in India in 2023. Chinese involved in preparations, they...

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