5 h. ago How an SCO development bank could shift the global financial order

At the 25th Shanghai Cooperation Organisation summit in Tianjin this week, Chinese President Xi Jinping urged member states to accelerate the creation of an SCO development bank, a proposal that could mark a turning point in Asia’s financial landscape. While headlines focused on the high-profile presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, Xi’s proposal points to the SCO’s evolution from a security bloc into a financial actor. Xi also pledged US$1.4...

Economics

16 h. ago China’s allies give top marks for parade but the West is not won over

Brilliant. Pivotal. Very well held. That is how some countries described the massive military parade in the heart of the Chinese capital on Wednesday. But these countries are either some of China’s closest neighbours or part of the developing world – a group that Beijing has long sought to influence. Elsewhere, particularly in the West, the reaction was more muted. The parade had a dual effect – it marked 80 years since the end of World War II and showcased China’s growing military might and...

Politics

27 h. ago More military technologies targeted for civilian sector to boost economy

China will strengthen innovation by developing high-tech industries with military technologies to boost military-civil integration, a move that aims to cultivate new growth drivers and boost the economy, said a recent State Council guideline.

Events

49 h. ago Dirty laundry: Chinese team joins race to develop washing machine for astronauts

Astronauts have to get used to many things in space, including that they cannot wash their dirty clothes. But researchers in Beijing have proposed a solution: a compact, detergent-free washing machine that cleans clothes with mist and ozone using almost no water – a limited resource in space. The cube-shaped device is a bit larger than a carry-on suitcase and weighs 12kg (26lbs), according to the team that developed it from the China Astronaut Research and Training Centre. They said it used only...

Politics

54 h. ago China pushes development bank to help 10 Eurasian countries curb US dollar risks

A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Such a concessional lender – part of an idea that has long been put on hold – would serve China, Russia, India and seven other nations that have worked together since 2001 as the Shanghai Cooperation Organisation (SCO). President Xi Jinping said at a...

Events

2 d. ago China wife ‘depressed’ after window cleaners see her asleep naked; demands rent cut

A woman in China has developed depression after two male window cleaners saw her asleep naked in her home. The woman and her husband live in Port Apartment, a high-end housing estate in Chengdu, in southwestern Sichuan province. They pay 10,000 yuan (US$1,400) a month in rent. Her plight captivated mainland social media after her husband, surnamed Cheng, exposed the situation online in the middle of August. The couple said they were not satisfied with the manner in which the property management...

Politics

3 d. ago At summit, China’s Xi announces talent scheme, calls for SCO development bank

This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. China is hosting the annual Shanghai Cooperation Organisation (SCO) summit in the northern port city of Tianjin, to be attended by dozens of world leaders and chiefs of international organisations. On Monday, President Xi Jinping kicked off the official meeting with leaders of SCO member...

Politics

3 d. ago India, China reaffirm ‘development’ partnership amid steep Trump tariffs

India, China reaffirm ‘development’ partnership amid steep Trump tariffs  The Hill

Politics

3 d. ago Xi urges SCO to bolster regional peace, frames China as a stable global power

President Xi Jinping on Sunday called for the Shanghai Cooperation Organisation (SCO) to play a bigger role in protecting regional peace and stability, as he held up China as a stable power that will champion the developing world. Hosting dozens of state leaders to a welcome banquet as part of the SCO summit in the northern city of Tianjin, Xi said that the grouping had become an “important force in promoting the building of a new type of international relations”. “At present, the world is...

Politics

4 d. ago Indonesia protests prompt Prabowo to cancel China trip, Beijing security warning

The Chinese embassy in Jakarta warned Chinese citizens in Indonesia to avoid crowds on the weekend as an outbreak of protests forced the Indonesian president to cancel his trip to China. “[Citizens and agencies should] improve security precautions, closely monitor local developments, minimise non-essential outings, steer clear of protest crowds and areas, and avoid visiting crowded locations,” the embassy said in a social media post on Saturday. Also on Saturday, Indonesian State Secretary...

Events

5 d. ago Alibaba develops new AI chip to help fill Nvidia's absence in China: report

Alibaba develops new AI chip to help fill Nvidia's absence in China: report  Seeking Alpha

Politics

5 d. ago China's Alibaba develops new AI chip to help fill Nvidia void, WSJ reports

China's Alibaba develops new AI chip to help fill Nvidia void, WSJ reports  Reuters

Politics

6 d. ago In Washington, China’s top trade negotiator readies for talks

One of China’s top trade negotiators, Li Chenggang, will be meeting with relevant US officials this week while in Washington, the Ministry of Commerce has confirmed. “China is willing to work with the United States to continue leveraging the China-US economic and trade consultation mechanisms effectively, resolve issues through equal dialogue and consultation, and jointly maintain the healthy, stable and sustainable development of China-US economic and trade relations,” ministry spokeswoman He...

Events

8 d. ago DeepSeek’s V3.1 model emerges as ‘key pillar’ for China’s chip self

DeepSeek’s recently released V3.1 AI model has unleashed fresh optimism about the prospects of mainland China developing advanced artificial intelligence semiconductors, according to analysts. The Hangzhou-based start-up’s updated model, which supports the innovative data format called UE8M0 FP8, was “ushering in a booming domestic computing power chain”, Huatai Securities analysts said in a research note on Tuesday. That architecture showed that the synergy between mainland-designed software...

Politics

8 d. ago Exclusive: Danantara and China's GEM to develop nickel processing hub in Indonesia

Exclusive: Danantara and China's GEM to develop nickel processing hub in Indonesia  Reuters

Politics

8 d. ago Cambricon: how two ‘genius brothers’ created China’s potential rival to Nvidia

The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI...

Politics

8 d. ago Cambricon: how 2 ‘genius brothers’ created China’s potential rival to Nvidia

The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI...

Politics

8 d. ago South Korean investors ride China’s tech wave with big stock buys in 2025

Since buying stock in China’s robotics firms over the last year – companies emerging as global industry leaders – David Choi, a South Korean investor in his early 30s, has been riding a wave of strong gains. He is not alone. Many South Korean investors have begun exploring positions in Chinese equities, particularly in rapidly growing arenas like tech. “Those who follow what’s going on in the tech industry already see how fast China has been developing on many fronts,” said Choi, who works in...

Economics

8 d. ago China, Russia should safeguard security, development interests, says Xi

China, Russia should safeguard security, development interests, says Xi  Reuters

Events

9 d. ago Editorial | Xi’s visit to Tibet heralds new era of China’s development

Editorial | Xi’s visit to Tibet heralds new era of China’s development  South China Morning Post

Politics