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A China Eastern Airlines C919 at Hong Kong International Airport in January. Photo: Eugene Lee

China Economy

Home-grown CJ-1000 engine to soon be tested on China’s C919 passenger jet

Aviation forum hears that engine’s performance in trial runs exceeds ‘most optimistic expectations’.

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Myanmar quake hits China, Panama Canal intervention risk: SCMP daily highlights

With its chips on the table, Taiwan seen avoiding the worst US tariffs

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China Economy

China’s non-fossil-fuel power capacity tops 2,000GW for first time ever

China Electricity Council data shows non-fossil fuels now account for 58.8 per cent of country’s total installed power capacity.

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Wind power turbines in the waters off Laizhou, Shandong province, in January. Photo: Xinhua
Wind power turbines in the waters off Laizhou, Shandong province, in January. Photo: Xinhua

China EVs

Chinese EV industry pressed to accelerate global expansion amid tariffs

Companies should balance exports and overseas production while seeking to achieve win-wins with foreign partners, former vice-minister says.

Banking & Finance

Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

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China Economy

Why is Trump embracing law of the jungle, asks top Chinese economist

Wu Xiaoqiu says rising protectionist sentiment has dealt a severe blow to global economic recovery.

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Cargo containers stacked at Yantian port in Shenzhen, Guangdong province, in June last year. Photo: AFP
Cargo containers stacked at Yantian port in Shenzhen, Guangdong province, in June last year. Photo: AFP

China Economy

Xi urges foreign firms to resist ‘acts that turn back the wheel of history’

Xi meets with business reps as China takes aim at unilateralism and protectionism while ramping up a charm offensive for foreign investors against the backdrop of two global conferences.

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Business

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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China Economy

‘Unstoppable momentum’ vs ‘big challenges’ in China’s cross-border e-commerce

Former deputy secretary general for China’s State Council warns of a potential negative impact from foreign import tariffs on small packages.

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Shoppers in Britain carry promotional Shein bags in December. Photo: Reuters

China

China finds gold jackpot, US ‘has lost its way’: SCMP daily highlights

From an American economist lambasting the US to China’s major gold find, here’s a round-up from today’s China and economy coverage.

China may have found two massive deposits of gold using advanced technology. Photo: Shutterstock
China may have found two massive deposits of gold using advanced technology. Photo: Shutterstock

China Economy

Addictive China micro-dramas show how commercial demand fuels netcasting boom

The head of China’s body overseeing film and TV calls micro-dramas a ‘new growth pillar for China’s online audio and video industry’, with growing influence overseas.

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Global Economy

Stephen Roach says trade war puts US on course for ‘cultural revolution’

The Yale economist lamented the path his country is taking under US President Donald Trump during a panel discussion at the Boao Forum.

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Big Tech

Alibaba’s AI crackdown: Taobao says e-commerce images must be ‘realistic’

Taobao’s initiative aligns with China’s broader regulatory efforts to address the misuse of generative AI.

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Taobao and Tmall Group is targeting the use of AI-generated product images that deceive buyers across all its platforms. Photo: Reuters

Policy

Former officials call for parity, reform in China’s pension system

The current pension structure is too lopsided to provide adequate benefits to those in poorer regions, former banking officials say at Boao Forum.

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China’s basic pension system should be reformed to ensure benefits are fairly distribution and coverage is adequate, former banking officials said. Photo: Xinhua
China’s basic pension system should be reformed to ensure benefits are fairly distribution and coverage is adequate, former banking officials said. Photo: Xinhua

Business

Hong Kong’s home prices fall towards decade low on interest rate, tariff pain

Secondary home prices have declined by a cumulative 27 per cent since January 2022, according to government data.

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China Economy

‘Dominant’: US and Chinese robotics start-ups attract 75% of global funding

America and China are ‘reinforcing their leadership’ in robotics, allowing them to shape the future of automation, new study finds.

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China Economy

‘Buy a robot for retirement’? China’s androids are set to change everyday life

While they are not yet capable of performing a wide range of everyday tasks, rapid development promises a bright future for humanoid robots, including in elder care.

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Illustration: Henry Wong
Illustration: Henry Wong

Global Economy

How China’s humanoid robot innovations fuel cutthroat competition with US

China, fuelled by recent successes from DeepSeek and Unitree, is making a play for pole position in humanoid robots. Can the US hold its ground?

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Global Economy

China EV giant BYD hits skids in Brazil as ‘slavery-like’ claims slam workforce

China’s labour practices are driving a wedge between the world’s biggest EV maker and efforts to expand globally in areas where employee protections are paramount.

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Global Economy

Chinese firms face stumbling blocks abroad: competitive mindsets may turn messy

Overseas scandals, setbacks shine light on problematic nature of deeply ingrained business mentality. And the less they notice your Chinese identity, the better, some say.

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Illustration: Lau Ka-kuen
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OPINION
James David Spellman

Opinion | Trump’s executive orders will be no match for markets in grip of fear

James David Spellman
Lori Wallach

Opinion | Trump’s trade policy is misguided but don’t be quick to blame tariffs

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Nicholas Spiro

Macroscope | How Trump’s reckless policies could trigger a financial crisis

Nicholas Spiro
Stephen Roach

Opinion | No economy is safe as Trump upends rules-based order

Stephen Roach
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Bonnie Zuo

Opinion | China has what it takes to lead the global green steel revolution

Bonnie Zuo
Winston Mok

Opinion | China’s true talent in AI lies in making it safe to use

Winston Mok
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MULTIMEDIA
Video

China’s vice-premier pledges more policy support and partnerships

Chinese vice-premier pledges more policy support and Asian partnerships at Boao Forum
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China vows to retaliate as US steel tariffs take effect

China vows to take ‘all necessary measures' after imposition of latest US tariffs
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China hits back at US with reciprocal tariffs

China hits back at Trump with reciprocal tariffs, sanctions on US firms
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What would the closure of USAID mean for Asia?

‘We all will die’: What would the end of USAID mean for Asia's most vulnerable?
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TRENDING TOPICS
China trade
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China's economic recovery
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Open Questions | Michael Pettis on China’s consumption paradox and the pitfalls of a trade war

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