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China’s export-driven economy was for decades the workshop of the world. In 2001, when China joined the World Trade Organisation (WTO), it accounted for 4 per cent of the world’s exports, and by 2017, that had risen to 13 per cent. The trade war with the United States damaged China’s exports as tariffs made its goods more expensive for American buyers. The coronavirus outbreak subsequently damaged overseas demand for Chinese products, leading many analysts to predict a huge slump in exports over the second quarter of the year. Imports have become an increasingly closely watched gauge of China’s economic health, as it transitioned away from an export-driven growth model towards a more consumption-based model.
Beijing accuses Brussels of protectionism over its threatened tariffs against imports of competitively priced quality cars, putting relations on an even rockier road.
Pragmatism is at play in each relationship between the West and China, not least with Berlin and Beijing. For German Chancellor Olaf Scholz, that means continued engagement and commerce.
Services sector and overseas demand for exports may have buoyed first-quarter GDP, but daunting challenges remain for country on path to recovery.
- First deputy managing director of IMF says creation of trade blocs based on geopolitical relationships with China, US has been detrimental to global growth
- Recommends dialogue and an avoidance of worst-case scenarios, which would harm low-income countries most
Relaxed mountain setting chosen so Chinese leader Xi Jinping and French counterpart Emmanuel Macron can speak frankly on myriad mutual grievances and grounds for cooperation.
French President welcomes Beijing’s commitment to ‘refrain from selling any weapons or aid’ to Russia, but commerce official reinforces the need to enhance bilateral trade.
Entourage features senior Chinese diplomats and officials who oversee the country’s economic and trade affairs.
As geopolitical changes have made working with China more risky than before, European firms have backed away from infrastructure projects linked with the Belt and Road Initiative.
Xi says China and Europe can contribute to world peace, ahead of meeting with President Emmanuel Macron and EU chief Ursula von der Leyen.
A record 246,000 international visitors flocked to the spring session of the Canton Fair over the last three weeks in Guangzhou, but deals signed rose by only 10 per cent from the previous edition.
More than 46 per cent of urban residents polled by People’s Bank of China say job market is ‘uncertain’, while 62 per cent aim to save more, in continued challenge for policymakers counting on domestic consumption to propel the economy.
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.
China’s steel production has increased, but a property market downturn and slowdown in infrastructure spending have seen prices plunge steeply, leading to overcapacity and trade tensions.
France is Chinese president’s first stop on Europe trip, and Beijing is pinning its hopes on Paris to push Brussels to adopt more ‘positive and pragmatic’ approach to China-EU ties.
After Beijing’s recent lifting of crippling wine tariffs that had been in effect since early in the pandemic, Chinese customers will need to be convinced to buy new stocks of Australian wine.
Trade talks between Taiwan and the United States for a phase-two deal have begun, with progress likely to be ‘harder’, analysts say, as more contentious topics fall under the microscope.
The stricter rules are not surprising since Australia has to protect critical assets, but collaboration with Beijing especially in sectors such as green energy would be unavoidable.
Struggling US-China ties, a human rights shock and a student in big trouble: these are the highlights from the SCMP’s overseas correspondents from April 2024.
Scientists have successfully grown rice in the harsh deserts of China’s Xinjiang region in half the time compared to conventional farming methods, a major step in the country’s campaign to ensure food security.
Diana Mondino’s delegation was the first official visit to China since the country’s Western-leaning government took office last year.
The use of Uygurs for forced labour is impossible to properly document because of Beijing’s intentional moves, Biden administration official tells the Congressional-Executive Commission on China.
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play.
QatarEnergy will pay China State Shipbuilding Corporation billions of US dollars for 18 tankers in a deal hailed as the industry’s biggest shipbuilding contract ever.
Almost 10 years after the ‘Made in China 2025’ targets were drawn up, we investigate just how many have been achieved.
Dispute erupts over Peru port authority ‘error’ that gave Cosco Shipping exclusivity over operations.
Chinese researchers detail how technology has transformed the region’s textile industry and led to record surge in exports.
Bolivian Foreign Minister Celinda Sosa Lunda visits Beijing after trip to Russia, says La Paz is eager to cooperate with Beijing.
Diana Mondino’s trip has triggered speculation that she is looking to extend a currency swap with Beijing as the risk of a 10th sovereign debt default looms.
China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.
Team led by a group of Chinese researchers cloned a specific gene that is resistant to Asian soybean rust amid Beijing’s focus on food security and tech self-reliance.
China-US ties are more stable but still at risk if ‘red lines’ are crossed, China’s Foreign Minister Wang Yi said before US Secretary of State Antony Blinken met Chinese President Xi Jinping on Friday.
