13 h. ago Developing | China’s economy withstands US tariff war with 5.2% growth in second quarter

Developing | China’s economy withstands US tariff war with 5.2% growth in second quarter  South China Morning Post

Economics

6 d. ago China spins up offshore wind energy as Beijing promotes marine economy

China has ramped up offshore wind energy development, as the form of renewable energy aligns with Beijing’s goals of carbon neutrality, energy security and developing the marine economy to boost economic growth. China added more than 4.4 gigawatts (GW) of offshore wind capacity in the first six months of the year, the same amount it added in all of 2024, according to a report by the non-profit Global Energy Monitor (GEM) on Wednesday. The report said the country was expected to add at least 9GW...

Politics

7 d. ago “Historic opportunity”: why China is betting on a poor province in trade war

The 2025 trade war launched by the United States is shaping up to become a watershed moment for Chinese policymakers. While the country’s economic resilience and role at the centre of global supply chains helped secure a 90-day truce with Washington, Beijing is digging deep to fight a protracted conflict. The forthcoming Five-Year Plan – China’s signature development blueprint – is expected to fortify the domestic economy in the pursuit of global leadership. Provincial leaders are seizing...

Events

1 week ago Why President Xi is turning to the ocean for China’s growth – and who benefits?

President Xi Jinping has stressed the need to advance the “high-quality development” of China’s marine economy, highlighting its growing strategic importance during a high-level economic meeting on Tuesday. He also called for stronger policy support to accelerate the sector’s growth. In this explainer, the Post examines why the marine economy matters to the country's overall economic strategy, where government policy is heading, and which sectors stand to benefit. Why does the marine economy...

Politics

1 week ago Why is Xi turning to the ocean for China’s growth – and who benefits?

President Xi Jinping has stressed the need to advance the “high-quality development” of China’s marine economy, highlighting its growing strategic importance during a high-level economic meeting on Tuesday. He also called for stronger policy support to accelerate the sector’s growth. In this explainer, the Post examines why the marine economy matters to the country's overall economic strategy, where government policy is heading, and which sectors stand to benefit. Why does the marine economy...

Politics

4 w. ago China pushes regional finance bank as Russia pivots to Asia: analysts

As the United States scales back foreign aid and increases financial sanctions through long-arm jurisdiction, analysts said Beijing is strengthening its influence in international development finance and regional economic cooperation. Driven by rising geopolitical tensions and Russia’s strategic pivot to the East, they said the Shanghai Cooperation Organisation (SCO) Development Bank, which has been stalled for over a decade, was now closer than ever to becoming a reality. Momentum is building...

Economics

4 w. ago Will Indonesia’s US$1.5 billion stimulus lift Indonesia’s economy?

Indonesia’s latest US$1.5 billion stimulus package may fall short of reviving sluggish household spending or propelling the government’s ambitious 8 per cent growth target, analysts have warned. Southeast Asia’s biggest economy posted only a 4.87 per cent year-on-year growth in the first quarter this year. The momentum of Islam’s holy month of Ramadan and Eid al-Fitr, which fell within the period, could not lift public spending, an anomaly that has sparked concerns among officials. In response,...

Economics