18 h. ago China’s yuan rallies with central bank backing as worries mount over US dollar

A recent rally in China’s yuan has been primarily fuelled by stronger guidance from its central bank rather than by market forces, analysts said, pointing to a mostly steady US dollar index. However, they noted, this period of strengthening is likely to remain measured, as Beijing prefers to avoid harming the competitiveness of its exporters amid trade tensions with the United States. Over just five trading days last week, the People’s Bank of China pushed the yuan’s reference rate against the...

Politics

32 h. ago Duffy pushes back against testimony that NASA is falling behind China in lunar

Duffy pushes back against testimony that NASA is falling behind China in lunar  SpaceNews

Politics

32 h. ago Duffy pushes back against testimony that NASA is falling behind China in lunar exploration

Duffy pushes back against testimony that NASA is falling behind China in lunar exploration  SpaceNews

Politics

37 h. ago China closes biotech gap with US as new drugs, pipelines top 30% of global total

China’s push to become a biotech powerhouse is paying off, with innovative R&D pipelines and newly approved drugs accounting for over 30 per cent of the global total, according to the country’s top economic planner. The sector was showing strong momentum, said Xiang Libin, deputy chairman of the National Development and Reform Commission (NDRC), who cited the figures at the 17th China Bioindustry Convention in Wuhan, Hubei province, on Thursday. China’s bioeconomy, encompassing the research,...

Events

39 h. ago Volvo reorganizes China business in push to counter stalling sales

Volvo reorganizes China business in push to counter stalling sales  Automotive News

Economics

45 h. ago How Trump's tariffs are pushing food and drink exporters closer to China

How Trump's tariffs are pushing food and drink exporters closer to China  BBC

Politics

49 h. ago Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war

Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war  CNN

Events

58 h. ago Cambricon shares slump 14%, the most in 7 months, as investors lock in gains

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the mainland’s most frenzied stock rallies this year. Shares of the Shanghai-listed company sank as much as 16 per cent before closing 14.4 per cent lower at 1,202 yuan, the steepest single-day decline since January 16. The stock lost 84 billion yuan (US$11.8 billion) in market capitalisation. The sharp sell-off also erased 6.9 per cent from the...

Economics

66 h. ago China starts aviation training for Southeast Asia amid C919, home

China is training representatives from Southeast Asia this month in an effort to promote its home-grown civilian aircraft, as the region leads the world in accepting Chinese deliveries despite Airbus and Boeing’s dominance. Twenty participants from Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam are taking part in the 2025 China-Asean Civil Aviation Management Capacity Enhancement Workshop in Beijing, which started Monday. Organised by the Civil Aviation...

Politics

3 d. ago Malaysia’s Anwar signals support for China’s global vision during 4

Following two days in Tianjin for a regional bloc summit and another day of meetings with top Chinese leaders, Malaysian Prime Minister Anwar Ibrahim stood on the rostrum at Beijing’s Tiananmen Square to witness a spectacular military parade. His appearance underscored Malaysia’s alignment with China’s push for a multipolar global order. Over the past week, China has showcased its growing diplomatic clout and military strength, culminating in Wednesday’s parade, which followed the two-day annual...

Events

4 d. ago China Mandates AI Education for Kids from Age 6 in Beijing Push

China Mandates AI Education for Kids from Age 6 in Beijing Push  WebProNews

Politics

4 d. ago Prabowo Pushes Through With China Trip as Protests Cool Down

Prabowo Pushes Through With China Trip as Protests Cool Down  Bloomberg.com

Events

4 d. ago Trump pushes India closer to China and Russia, adding to his diplomatic failures

Trump pushes India closer to China and Russia, adding to his diplomatic failures  MSNBC News

Politics

4 d. ago Belarus/China • Beijing ramps up soft power push in Belarusian universities

Belarus/China • Beijing ramps up soft power push in Belarusian universities  Intelligence Online

Politics

4 d. ago China’s CSI 300 surges 25% as Beijing pushes reforms to build trust, and a bull market

China’s CSI 300 surges 25% as Beijing pushes reforms to build trust, and a bull market  TradingView

Politics

4 d. ago Ukraine Urges China To Push Russia To End War As Putin Arrives In Beijing For Talks, Parade

Ukraine Urges China To Push Russia To End War As Putin Arrives In Beijing For Talks, Parade  Radio Free Europe/Radio Liberty

Politics

4 d. 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

5 d. ago China’s Xi pushes SCO bank as Putin deflects Ukraine blame – 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. 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

5 d. ago China sellers use AI to clone dive queen Quan Hongchan, top athletes to push products

Egg sellers in China have used artificial intelligence (AI) to clone the country’s diving queen, Quan Hongchan, and other top athletes to sell their wares. Chinese state media China Central Television reported on August 18 that 47,000 people fell for the AI scam. The eggs were sold using an account with 14,000 followers. It posted deepfake videos of 18-year-old Quan promoting free-range eggs produced on her family’s farm. The video included a clip of “Quan” speaking to the camera, wearing a face...

Politics

7 d. ago Putin to push for multipolar world during China visit | Daily Sabah

Putin to push for multipolar world during China visit | Daily Sabah  Daily Sabah

Politics