49 m. ago Shanghai firm sues to liquidate Hozon amid EV maker’s financial struggles

The cutthroat competition in mainland China’s electric vehicle (EV) market threatens to sink Hozon New Energy Automobile, as the maker of Neta-branded cars faces a lawsuit from a Shanghai-based advertising agency that wants the debt-ridden company to be liquidated. According to a document recently published on the National Enterprise Bankruptcy Information Disclosure Platform, a court in Jiaxing, in eastern China’s Zhejiang province, is reviewing the bankruptcy case after Shanghai Yuxing...

Economics

50 m. 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

93 m. ago China, Russia bear special responsibility for preserving historical memory of WWII: Russian scholar

China, Russia bear special responsibility for preserving historical memory of WWII: Russian scholar  Global Times

Events

2 h. ago Despite growing anger, Trump marches on with his projections of power

There was nothing wrong with the idea that America might want a 250th anniversary celebration of the US Army. The celebration that US President Donald Trump finally got after pushing for it since his first term could have been billed as a front-running event connected to the country’s 250th birthday, since we are almost one year away from that significant date. And for those longing for a break from the blood sport that US politics has become, the event did not end up as Trumpian as might have...

Politics

2 h. ago Trump tariffs live updates: EU weighs 10% tariff deal as Trump's July deadline looms

Trump tariffs live updates: EU weighs 10% tariff deal as Trump's July deadline looms  Yahoo Finance

Politics

2 h. ago Trump Trade War, China Slowdown, and Middle East Crisis Fuel Oil Volatility

Trump Trade War, China Slowdown, and Middle East Crisis Fuel Oil Volatility  FXEmpire

Events

3 h. ago CX Briefing: Beijing Pledges More Support for Property Market

CX Briefing: Beijing Pledges More Support for Property Market  Caixin Global

Politics

3 h. ago China’s robotics market set to double in four years: Morgan Stanley

China’s robotics market is set to grow at an annual rate of 23 per cent to US$108 billion by 2028 from US$47 billion in 2024, solidifying the country’s dominant position in the fast-developing sector, according to a research note published by Morgan Stanley on Monday. China’s share of the global robotics market was about 40 per cent last year, according to the report by Hong Kong-based analysts Sheng Zhong and Chelsea Wang. A specific forecast for China’s market share by 2028 was not...

Politics

5 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

5 h. ago Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High

Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High  CNET

Politics

5 h. ago From Tang Niu figure to global art: An artist's journey through China

From Tang Niu figure to global art: An artist's journey through China-Central Asia Summit  Xinhua News

Politics

5 h. ago Cooperation between China and Central Asia based on equality, mutual benefits: former Kyrgyz PM

Cooperation between China and Central Asia based on equality, mutual benefits: former Kyrgyz PM  Global Times

Politics

6 h. ago Japan’s host clubs face reform as new law targeting predatory practices bites

In Japan’s shadowy nightlife districts, affection can come at a steep price. For thousands of women, a night of flirtation with a well-dressed host has turned into financial ruin and, in some cases, coerced sex work. Now, the Japanese government is stepping in with a revised law aimed at ending the industry’s most predatory tactics. The revision to the Entertainment Business Law, which comes into effect on June 28, applies to both host and hostess clubs. However, it appears to target host clubs...

Society

6 h. ago China is deeply concerned about Israel’s attack on Iran that has led to a sudden escalation of military conflict: FM

China is deeply concerned about Israel’s attack on Iran that has led to a sudden escalation of military conflict: FM  Global Times

Events

6 h. ago The Pacific Asia Travel Association Teams Up With Visa To Drive Tourism SME Growth In Beijing Empowering China’s Tourism Businesses For Global Success

The Pacific Asia Travel Association Teams Up With Visa To Drive Tourism SME Growth In Beijing Empowering China’s Tourism Businesses For Global Success  Travel And Tour World

Transport

8 h. ago China’s Yellow River will be choked by ice jams due to global warming: study

Ice jams will become more frequent in the Yellow River’s estuary by the end of this century, hitting Chinese coastal cities such as those in eastern Shandong province, according to a new study. When warmer weather arrives in late winter and early spring, upstream ice begins to break apart and drift downstream. This ice then reaches colder downstream areas, where it can refreeze and accumulate, forming ice jams. The localised hazard can be highly destructive. Flooding can occur behind the...

Events

8 h. ago China ‘stepping in’ as property concerns mount, but no ‘treading the old path’

Premier Li Qiang’s remarks on further shoring up the property sector and escalating policy support are said to be indicative of Beijing’s lingering concerns over the sector – once an economic pillar for China – that remains a drag on growth and consumption, as seen in the latest statistics. Analysts say that while there is no quick fix to the woes, Beijing has grown more wary of the impact on overall sentiment and domestic demand, as the economy grapples with external turmoil. A State Council...

Politics

9 h. ago China retail sales jump while industrial growth slows on trade war turmoil

China retail sales jump while industrial growth slows on trade war turmoil  Financial Times

Events

9 h. ago China's yuan flat, economic headwinds cap gains as market eyes annual financial forum

China's yuan flat, economic headwinds cap gains as market eyes annual financial forum  TradingView

Economics

10 h. ago ‘Uncertain future’ for US, Hong Kong MTR’s allure: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. ‘Setting sun’: on Trump’s parade day, Chinese media see a US in decline 2. Why are mainland Chinese tourists posing in front of MTR stations in Hong Kong? 3. China’s extreme heat shield breaks thermal limit on hypersonic flight 4. After the ceasefire, leaders of India and Pakistan seek cover...

Politics