5 h. 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

9 h. ago Mixed Economic Data in China in May: Factories Down, Retail Up

Mixed Economic Data in China in May: Factories Down, Retail Up  Asia Financial

Economics

15 h. ago NZD/USD remains above 0.6000, moves little after China’s economic data release

NZD/USD remains above 0.6000, moves little after China’s economic data release  FXStreet

Economics

16 h. ago Australian Dollar steadies following mixed economic data from China

Australian Dollar steadies following mixed economic data from China  FXStreet

Economics

16 h. ago China’s economy weathers US tariff storm in May as consumption picks up

China’s economic data sent mixed signals in May, with US tariffs continuing to weigh on the country’s manufacturing and exports but domestic consumption picking up slightly in the run-up to a major online shopping festival. Retail sales, a gauge of consumption, rose by 6.4 per cent in May, compared with the 5.1 per cent growth observed in April, data from the National Bureau of Statistics showed on Monday. The figures exceeded a forecast of 4.85 per cent growth by financial data provider...

Economics

56 h. ago Kind China pupils rush to help crashed delivery rider, pick up scattered lunchboxes

A group of school pupils in China have moved internet users by supporting an electric bicycle and picking up lunchboxes left scattered on the road after a food delivery worker crashed while working. The touching scene was filmed by a camera worn on the chest of delivery man Dong Ziheng while he was riding the electric bike in an alley in Xingtai, northern Hebei province on June 3. Dong fell off the bike as he tried to avoid hitting another electric bike coming in the opposite direction. After...

Events

3 d. ago TikTok’s sister app Douyin courts merchants with lower deposit fees

TikTok owner ByteDance, whose Douyin short video app has emerged as a popular e-commerce shopping platform in China, will cut the guarantee deposit payable by merchants, in a move designed to keep existing sellers and lure new ones amid fierce competition. The deposit, held by the platform on behalf of sellers to cover potential costs such as refunds or penalties, would be capped at 5,000 yuan (US$695), a fraction of the previous maximum of 500,000 yuan. As a result, the deposit payable by...

Events

4 d. ago China to remove tariffs on nearly all goods from Africa as both criticise US

Twenty more African countries, mostly from the continent’s middle-income nations, are set to gain access to the world’s largest consumer market duty-free as Beijing plans to remove tariffs for all products from every African nation except eSwatini. The measure was announced as African ministers joined Beijing at a meeting in central China affiliated with the Forum on China-Africa Cooperation (FOCAC). Amid the tariff war, representatives from China and African nations accused the United States of...

Politics

5 d. ago This move by China in Africa is making US restless, top American military official claims Beijing is copying Washington's..., aim is to...

This move by China in Africa is making US restless, top American military official claims Beijing is copying Washington's..., aim is to...  DNA India

Events

7 d. ago US soybean farmers move to reduce dependence on China as trade war grinds on

Soybean farmers in the United States have stepped up efforts to diversify their export markets while maintaining China as a critical buyer, despite ongoing trade tensions between the two superpowers, according to the head of a leading industry association. Jim Sutter, CEO of the US Soybean Export Council, said that while concerns about possible disruptions persist, China’s strong demand for soybeans – a crucial commodity for food and livestock feed – would ensure the US remains an important...

Events

7 d. ago Ahead of US trade talks, China’s rare earth trade data from May sends a message

In a reflection of Beijing’s ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior. The official data came as analysts have been saying that China’s export controls over large quantities of critical minerals are like the ultimate trump card in trade negotiations with the United States. The world’s second-largest economy exported rare earth elements worth...

Politics

7 d. ago Malaysia assures users their privacy is protected in mobile data grab

Malaysia’s communications regulator has assured the public that their privacy remains intact, despite a government move to hoover up data on mobile phone and internet usage as part of widening controls over online activity. The Malaysian Communications and Multimedia Commission (MCMC) said that the data being compiled under the government’s Mobile Phone Data project was all anonymous. There were no markers to indicate the identity of users, such as names or mobile numbers. “At the point of...

Politics

7 d. ago Stock Market Today: Dow, S&P 500, Nasdaq Futures Weaken; U.S.

Stock Market Today: Dow, S&P 500, Nasdaq Futures Weaken; U.S.-China talks; Inflation Report; Movers  Barron's

Politics

7 d. ago China trade data for May misses expectations as export growth slows, imports dip

China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market...

Politics

7 d. ago US tariffs hit China’s exports in May, but June seen as ‘a better month’

China’s export growth slowed last month, weighed down by fewer US orders being made before the two countries came to a 90-day tariff truce. And while June’s prospects look poised to improve, China’s manufacturing and trade sectors remain under strain, according to economists, who also point to lingering uncertainties over American tariffs. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth...

Events

8 d. ago 8 million Chinese viewers moved by boy, 6, who operates crane for acrobat parents

Massive numbers of people across China have watched in amazement as a thoughtful six-year-old boy operates a crane that is integral to an acrobatic show his parents perform. Xie Yule expertly worked the machine that held his parents in the air to perform in a town in eastern China’s Anhui province on a rainy evening ahead of Children’s Day. As rain fell heavily, the diminutive Xie stood on a stool as his hand never left the crane’s control panel, his eyes locked on his parents. His father, Xie...

Politics

9 d. ago Social media giant RedNote opens Hong Kong office, its first outside mainland

Chinese social media giant RedNote has opened an office in Hong Kong, its first outside mainland China, a move the city’s finance chief hopes will provide a boost to local businesses and the platform’s international expansion. Financial Secretary Paul Chan Mo-po said on Saturday that he had personally invited the company, also known as Xiaohongshu, to set up a base in the city. “When I visited Shanghai at the end of last year, I made a special visit to Xiaohongshu’s headquarters,” Chan wrote on...

Politics

9 d. ago Trump moves to block foreign drone makers from selling new models in US

US President Donald Trump has signed executive orders meant to rebuild America’s drone industry, tighten airspace security and boost military readiness, potentially squeezing Chinese manufacturers like DJI and Autel Robotics out of the market. “Immediate action is needed to ensure American sovereignty over its skies,” Trump stated in one of the orders, warning that foreign-made drones were “endangering the public” and compromising critical infrastructure. The orders also call for federal...

Politics

9 d. ago China may make a ‘retaliatory’ move that experts say will ‘hit' US homeowners 'hard.' Here's what's happening

China may make a ‘retaliatory’ move that experts say will ‘hit' US homeowners 'hard.' Here's what's happening  Yahoo Finance

Events

1 week ago Nomura Sees Beijing's Policy Moves Shaping China's Economic Path

Nomura Sees Beijing's Policy Moves Shaping China's Economic Path  Finimize

Economics