3 d. ago Boom goes the deal? China’s Iran investments under fire, but Middle East beckons

Watching as missile bombardments threaten key shipping routes and blow up some of their trade deals in the Middle East, with Iran at the centre of the firestorm, Chinese exporters are feeling the heat. After finalising a deal with an Iranian buyer she met at China’s Canton Fair in April, Miya Yu, a trader of light industrial goods – valves, toys, aluminium containers, etc – collected the necessary materials to begin production and fill the order. Production never began. The contracted client...

Economics

3 d. ago China, US finalise trade deal; global conflict warning: 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, US finalise trade deal as Beijing confirms breakthrough in talks China said on Friday that it would review and approve export applications for controlled items while the US would also remove some limits – confirming a breakthrough in trade talks centred on export controls. 2. China should be alert to risk of US being drawn into war by allies, analyst...

Events

4 d. ago Will Guangdong’s plan for a domestic version of Canton Fair pay off?

Southern China’s Guangdong province will launch a “domestic trade version” of the Canton Fair – the country’s largest import and export fair – to help export-oriented companies tap into the domestic market amid weak external demand and rising global trade uncertainties. The initiative is a key component of a work plan released by the provincial government on Tuesday that aims to strengthen “domestic circulation” – a strategy focused on boosting China’s economic self-reliance by building a robust...

Politics

4 d. ago Hong Kong sharpens crypto hub focus amid rising global competition

Hong Kong is intensifying its bid to become a global digital asset (DA) hub with the release of an updated policy statement focused on accelerating stablecoin use and tokenisation efforts, amid renewed momentum in the US this year. “The government’s highly anticipated Policy Statement 2.0, aimed at establishing Hong Kong as a global digital assets hub, comes at a time when Trump 2.0 is trying to make America the ‘crypto capital of the planet’,” said Andrew Fei, a partner at King & Wood Mallesons...

Politics

4 d. ago China’s space military tech ‘threat’, EU and rare earths: 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 moving ‘breathtakingly fast’ in space military tech: US general China is moving “breathtakingly fast” in space military technologies and posing strategic threats to the United States, America’s top space force official said on Tuesday. 2. US-China trade deal is near, expert says: ‘they are going to stabilise this’ The United States and China could...

Events

5 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

6 d. ago Chinese airlines’ advantage, Chongqing as key trade hub: 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. As skies in Mideast close, China airlines have key advantage – Russian airspace Western airlines risk suffering greater disruption than their Chinese rivals this summer, as the escalating conflict between Iran and Israel – compounded by US military strikes – forces most carriers to avoid flying over dangerous airspace on China-Europe routes. 2. Suez Canal...

Politics

7 d. ago As skies in Mideast close, China airlines have key advantage – Russian airspace

Western airlines risk suffering greater disruption than their Chinese rivals this summer, as the escalating conflict between Iran and Israel – compounded by US military strikes – forces most carriers to avoid flying over dangerous airspace on China-Europe routes. Analysts said that while almost all carriers have diverted services to bypass Iran and parts of the Middle East, Western firms are at a disadvantage: they remain barred from Russian airspace, which Chinese companies continue to...

Politics

7 d. ago Beijing tells China ships in Strait of Hormuz to phone home amid safety risks

Check in once a day so we know you’re OK – that is the message China has sent to all domestic shipping vessels traversing the Strait of Hormuz, as Iran mulls closure of the key oil trade route following air strikes by the United States at the weekend. Effective immediately, all shipping companies and ship-management firms must submit daily reports with specific details from vessels transiting not only the Hormuz – a critically important shipping chokepoint – but also the Gulf of Oman and the...

Events

9 d. ago New Zealand Reaffirms Commitment To Chinese Travel Market With New Branding Campaign And Bilateral Airline Agreements In Beijing

New Zealand Reaffirms Commitment To Chinese Travel Market With New Branding Campaign And Bilateral Airline Agreements In Beijing  Travel And Tour World

Economics

9 d. ago Foreign media on Kazakhstan:Xi works to cement Beijing’s ties with Central Asia during Kazakhstan visit; Kazakhstan emerges as key overland gateway for China

Foreign media on Kazakhstan:Xi works to cement Beijing’s ties with Central Asia during Kazakhstan visit; Kazakhstan emerges as key overland gateway for China-Europe trade  qazinform.com

Politics

1 week ago Chinese and EU trade officials hold talks after von der Leyen outburst

Chinese commerce minister Wang Wentao and European trade commissioner Maros Sefcovic held a video call on Thursday, as the two sides strive to keep a lid on simmering economic tensions and pave the way for a leaders’ summit in Beijing. “Both sides agreed to work together to lay the groundwork for key economic and trade items on the China-EU agenda this year,” the Ministry of Commerce said in an online statement released on Friday. The two officials discussed a series of topics during the call,...

Politics

1 week ago China keeps key lending rates steady after May cut as U.S. trade deal eases growth worries

China keeps key lending rates steady after May cut as U.S. trade deal eases growth worries  MSN

Politics

1 week ago China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries

China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries  CNBC

Politics

1 week ago China to evacuate citizens from Israel, US brain drain: 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 to evacuate citizens from Israel via Egypt border as conflict escalates China’s embassy in Israel said it would begin evacuating nationals via the Egyptian border from Friday. Hundreds have already left the country, while about 1,600 Chinese citizens have left Iran over the last few days. 2. Will US actively join Israel against Iran? Pentagon chief...

Politics

1 week ago China’s possible peace role, firms flock to air show: 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 may offer to play ‘constructive’ role in mediating Iran-Israel conflict China is expected to play an “active” role in trying to broker a ceasefire between Israel and Iran, but analysts warned there may be limits to what it could achieve. 2. After tight-lipped talks in London, the US-China silence speaks volumes A week after the second round of...

Politics

1 week ago Trump breaks with G7 stance, Nvidia to attend China expo: 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. Breaking with G7 stance, Trump says he’d welcome China and Russia in bloc US President Donald Trump on Monday said he would welcome the inclusion of China and Russia in the G7, putting him directly at odds with the bloc’s position on the two countries just as the Group of Seven summit got under way in Canada. 2. As US urges foreign investment, Chinese firms...

Politics

2 w. ago China’s economic data, PLA’s patrols in disputed waters: 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. The US-China rivalry is reshaping global supply chains – who benefits most? Supply chain competition between China and the United States is set to intensify over the next five years, with eight developing countries – including four in the Association of Southeast Asian Nations (Asean) – poised to benefit from the relocation of manufacturing from China,...

Economics

2 w. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

2 w. ago Why China’s rare earth exports are a key issue in trade tensions with US

Why China’s rare earth exports are a key issue in trade tensions with US  Al Jazeera

Events