China Economy: Latest News and Updates | South China Morning Post (2024)

Economy /

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Global Economy

China extends reach into Latin America as crane exports pick upChina is expanding its maritime footprint in Latin America, with more exports of cranes amid rising tensions with the US.

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China's economic recovery

China’s industrial profits drop in October as property slump flows downstream

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China trade

Key architect of US-China trade war set to push hard line in Trump’s cabinet

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Companies

E-commerce

Most Hong Kong SMEs believe in the power of e-commerce, poll findsThe World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024.

A woman using a smartphone and a credit card for shopping online. Photo: Shutterstock

Policy

Time right for China to cut reserve ratio to add liquidity, aid growth: analystsAnalysts say the window for the People’s Bank of China to reduce the reserve requirement ratio (RRR) is open.

Global Economy

China trade

Trump’s tariff plans turn Chinese investment in Mexico into a waiting gameUS president-elect on Monday said his new administration would immediately impose a 25 per cent tariff on imports from Mexico.

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Global Economy

China trade

‘Isolation leads nowhere’: China calls for supply chain cooperation amid turmoilVice-President Han Zheng spoke on the opening day of the China International Supply Chain Expo in Beijing, hours after Donald Trump’s latest tariff threats.

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Policy

China’s tech firms at the front of the queue for loans amid policy tiltPeople’s Bank of China asks government ministries and major banks to accelerate loans to tech companies.

A visitor shakes hands with a humanoid robot at the Light of Internet Expo in Wuzhen, east China’s Zhejiang province. Photo: Xinhua

Global Economy

China trade

Amid mulling of more US-China decoupling, supply-chain expo offers opportunityAn elongation of critical supply chains bringing Chinese goods to the US is expected to be a boon for ‘made by China’ in third countries.

Companies

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Global Economy

China trade

Russia’s ‘economic isolation’ seen benefiting China amid fresh US sanctionsWhile trade between China and Russia may be affected in the short term, Beijing’s leveraging power in future negotiations is getting stronger, analysts say.

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China Economy

China GDP

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US president-elect Donald Trump has proposed high tariffs on Chinese imports, raising global uncertainties over the trade landscape. Photo: Reuters

China Economy

China's economic recovery

Carrot or stick? Beijing seeks delicate balance towards its platform economyPeople’s Daily commentary and pledge from Premier Li Qiang offer support for platform economy, coincides with algorithm regulation.

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Global Economy

Yuan

Yuan to catch up to China’s position in world’s economy: ex-officialOutspoken former Chongqing mayor Huang Qifan says Hong Kong can play a key role in the internationalisation of the yuan.

China Economy

China's population

China’s border with Central Asia deemed concern amid demographic declineChina’s sparsely populated border with Central Asia, which is losing residents quickly, was named by a researcher as an area not to ignore.

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China Business

China economy

Shanghai banks on top international artists to draw tourism spendingA recent month-long arts festival drew 20,000 visitors from abroad, according to organisers, boosting officials’ confidence in the strategy.

A scene in dance drama Azure After The Rain, staged during the China Shanghai International Art Festival in 2024. Photo: Handout

China Economy

China's economic recovery

Pearl in Beijing’s retail crown struggles to regain shine against economic tideHongqiao Market has long been the go-to place for foreign tourists, but it old clients have yet to come back.

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Global Economy

China exports

As China’s vertical dramas charm US, soft-influence exports offer risks, rewardsFacing oversaturation in China, short-form video companies are finding lucrative new markets abroad, even amid geopolitical tensions.

Global Economy

China trade

Amid US tariff threats, can port in Peru open up new markets for China?US$3.5 billion Chancay port will initially be able to handle 1 million containers a year.

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Policy

China’s economic stimulus

China urges ‘positive dialogue’ with US as Trump’s threatened tariffs loom largeDeputy commerce minister also warns of tariffs’ adverse effects on the country imposing them, while pointing to China’s economic ‘resilience’ in face of external shocks.

A cargo ship loaded with containers berths at a Chinese port in Qingdao, Shandong province. Photo: AFP

China Economy

China's economic recovery

China hits jackpot with discovery of ‘massive’ gold reserves in HunanThe US$80 billion hoard is the latest fruit of China’s drive to find new domestic precious minerals reserves.

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China Economy

China trade

Can Beijing get other countries on its side as Trump challenges loom?Former World Bank vice-president Zhu Xian says China needs to engage with all possible international stakeholders.

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China Business

Unprofitable Chinese EV makers face ‘do-or-die moment’Only those that can sustain operations without external funding will stay in the race amid overcapacity and tariff woes, analysts say.

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China Economy: Latest News and Updates | South China Morning Post (12)

OPINION

Stephen Roach

Opinion | Why Asia is in denial over Trump’s threat and its own economic problems

Shanshan Li

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Wang Huiyao

Opinion | With visa-free initiative, China is betting on a simple truth

Nicholas Spiro

The View | China’s housing market crisis is still its biggest economic headwind

Christopher Tang

Opinion | To respond to a Trump trade war 2.0, China has a few tools at its disposal

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Stephen Roach

Opinion | Trump 2.0 is likely to be worse for China and the global economy

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