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China
The latest news, analysis and opinion on China. In-depth analysis, industry insights and expert opinion.
Capital
Beijing
Head of State
President Xi Jinping
Head of Government
General Secretary Xi Jinping
last updated:
29 November, 2024
Three people died and four are seriously injured after a bus went off the road and ended up partially submerged in a Norwegian lake near the Raftsundet strait on Thursday. Photo: NTB / AFP
Nordic nations

3 dead, 4 injured after tourist bus veers off road, plunges into lake in Norway

Police said 58 passengers were on board from 8 countries including China, India, Malaysia and Singapore.

Retailing

‘Old money’ look beats nouveau riche glitz in China’s spending slump

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Artificial intelligence

Shanghai firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’

Artificial intelligence

Tesla rival Li Auto wants to expand into an AI and robot company

The premium EV maker aims to produce humanoid robots after achieving level-4 autonomous driving, CEO Li Xiang says.

The logo of Chinese EV maker Li Auto. Photo: Reuters
Banking & finance

Banks, insurers rush for gold in Hong Kong’s ‘silver-hair economy’

Residents older than 65 years made up about 22 per cent of Hong Kong’s population of 7.5 million people in 2023, according to government data.

Mandatory Provident Fund (MPF)

Hong Kong’s pension nest egg is on course for best return in 4 years

MPF Ratings says ‘members may be tempted to have a US bias in their portfolio, but diversification is important’.

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Hong Kong society

More Hongkongers consider RVs as popularity of road camping on mainland grows

Adopting a Japanese trend, residents are modifying vehicles or buying purpose-built ones for camping trips on mainland they say shatters stereotypes.

Shachuhaku enthusiast Po Siu, with his modified mobile home during a camping trip in Hong Kong. Photo: Po Siu
Digital currencies

As stablecoin bill advances in Hong Kong legislature, advocates trumpet it

Stablecoins have the ability to expand their usage in the real financial economy, according to industry experts.

China stock market

China’s stocks edge up as traders await clarity on stimulus amid holidays

Chinese stocks stuck in a narrow range over the past two months as investors gear up for effective implementation of stimulus policies.

Huawei

Huawei’s latest phones still rely on South Korean memory chips

While Huawei has used Chinese memory chips in other handsets, the Mate 70 series features products from SK Hynix, a teardown analysis shows.

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A visitor looks at Huawei’s latest Mate 70 smartphone series at a flagship store in Beijing. Photo: Reuters
China's economic recovery

A song of ice and snow: China’s Harbin and the winter economy push

A plan for developing China’s snow and ice economy includes extending the duration of visa-free transit stays.

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Workers at the Harbin Ice-Snow World construction site in Harbin, Heilongjiang province, on December 9. Photo: Xinhua
US-China relations

What fate awaits undocumented Chinese migrants in the US under Trump?

President-elect’s plan unlikely to affect recent wave of border crossers who entered during the Biden administration, at least initially.

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International Property

Chinese firms seek European base for factories amid trade tensions, tariffs

European industrial real estate developer CTP expects increased demand from Chinese firms that do not want to get caught in the trade war.

China stock market

Buy or wait? Consumers put Beijing on hook for more rescue subsidies

Retailers fret about weak sales while ‘greedy’ consumers hold out for bigger subsidies from Beijing next year.

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Consumers shop for refrigerators at a trade-in promotion for home appliances in Handan on October 7, 2024. Photo: Getty Images
Banking & finance

Hong Kong employers seek more relationship managers and data analysts next year

Human resource professionals also say customer due diligence officers are in demand.

Hong Kong’s bustling Central district. Photo: Jelly Tse
China’s economic stimulus

China’s finance ministry vows measures to boost consumption and investment

Other priorities set out at meeting include strengthening supply chains, more fiscal backing for tech-focused start-ups, and more aid to businesses facing difficulties.

Foxconn

Foxconn invests in EV battery plant in China’s iPhone city

The US$82 million capital injection marks the Taiwanese giant’s latest foray into the electric-vehicle sector.

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Hong Kong property

Shimao slashes Hong Kong hotel price by 25% to speed up restructuring

Mainland Chinese developer is asking HK$4.5 billion (US$579 million) for the asset, down from HK$6 billion in March 2023, according to a source.

Sheraton and Four Points by Sheraton Tung Chung, with more than 1,200 rooms, is the second-largest hotel complex in the city by room inventory. Photo: Handout
US-China tech war

Chinese surveillance tech firm Dahua exits projects in Xinjiang

The company was added to a US trade blacklist in 2019 on claims it aided in human rights abuses in Xinjiang.

Hong Kong property

Mainland Chinese retailers make their presence felt in Hong Kong

China’s largest coffee chain opens first outlet in the city as it goes up against US rival Starbucks.

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Hong Kong stock market

Hang Seng Index closes above 20,000 on mainland Chinese buying

The benchmark gained 1.1 per cent, the most in nearly two weeks, while the turnover on the exchange was 14 per cent below average.

Hong Kong stocks rallied as Chinese investors continued to pump money for a sixth consecutive day. Photo: Shutterstock
China economy

My Take | China’s extended visa-free tourist stays drive momentum for opening

Its latest foreign-visitor policy shows that China is willing to be pragmatic, rather than adhering strictly to ideologies.

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Tourists from Spain in Shanghai. Photo: Xinhua
China energy security

As use of roof solar panels becomes more common in China, can the grid keep up?

‘Distributed’ solar power generation on roofs of houses, factories and airports is spreading across country, but curtailment rate is also rising.

Science

China-born biologist Wang Cunyu returns from decades in US to head institute

Wang was recognised by Science magazine in 1996 for his work on cancer cell death.

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Smartphones

China’s foldable smartphone shipment growth slows amid global dip in demand

Huawei remains the bestselling foldable smartphone vendor in China, accounting for around half of total domestic shipments.

Huawei Technologies launched its Mate XT, the world’s first trifold smartphone, in September. Photo: CFOTO/Future Publishing via Getty Images
Robotics

China’s industrial robot sales shrink on ‘tightening demand’

Total industrial robot deliveries this year are estimated to reach 300,000 units, down 5 per cent from 2023.

China had 470 robots per 10,000 employees in 2023, up from 402 units a year earlier. Photo: Shutterstock
China property

Builder Jinke Property reveals details of court-supervised debt restructuring plan

Jinke expects to reduce its liabilities-to-assets ratio to around 30% from more than 90%.

Shenzhen

Hongkongers find lure of Greater Bay Area’s attractions hard to resist: survey

Hong Kong residents are flocking to the Greater Bay Area for shopping, hot springs and more, attracted by cheaper prices and new experiences.

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