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China economy

China economy
Breaking news and analysis on China’s economy, including its opening up, the US-China trade war, the impact of tariffs and trade talks, growth rates and other key economic data, the Belt and Road Initiative, and Greater Bay Area plan.
Photo: Xinhua
Biomedicine: Industry Trends

China’s five-year plan for pharmaceuticals and biomedicine

China aims to become a global drug powerhouse by 2030, according to its five-year development plan for the pharmaceutical and biomedicine sector.

China-EU relations

Open Questions | ‘Trade is never free’: former WTO chief Pascal Lamy on the EU’s China challenge

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2026 Xi-Trump summits

Up in the air? Why Boeing’s massive China deal could hinge on Trump-Xi talks

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Hong Kong property

How the new Huanggang Port is sparking a cross-border property boom

The new port is expected to dramatically speed up crossings between Shenzhen and Hong Kong, making cross-border living more convenient.

The vast Joint Inspection Building at the new Huanggang Port in Shenzhen, which is expected to speed up border crossing times. Photo: Edmond So
China property

Will incentives give China’s housing market more than a short-lived rebound?

Sales of new units in cities like Shanghai and Shenzhen have risen following central government moves designed to revive buyer confidence.

Kazakhstan

Reporter’s notebook: Kazakhstan trip shows promise, limits of Central Asia ties

It will soon be possible to fly direct from Hong Kong to Almaty, but in the meantime a little flexibility is required.

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Hong Kong economy

Opinion | More than ever, Hong Kong’s global character is an asset to the nation

The city can bridge China and the world, adding value to every connection, but to deliver on this promise, it needs everyone on board.

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Illustration: Henry Wong
US Federal Reserve

Editorial | Global monetary tightening tests China’s 2-speed economy

While the domestic hi-tech sector builds momentum, traditional exporters struggling with shifting trade patterns will need targeted support.

China energy security

China’s crude imports are rising again. What will that mean for oil prices?

China’s plunging oil imports prevented a bigger price spike after the Iran war broke out, but its crude purchases are now ticking up again.

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Electric & new energy vehicles

Tesla auditing Chinese suppliers ahead of Optimus roll-out: sources

The supplier audits come as Elon Musk’s firm aims to quickly ramp up production of its Optimus humanoid robot after its release later this year.

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A Tesla humanoid Robot and Model Y electric vehicle are displayed in a store in Beijing. Photo: EPA
China-EU relations

Open Questions | Pascal Lamy says Europe at ‘moment of truth’ on China trade

Former World Trade Organization chief believes Chinese authorities’ lack of interest in addressing structural macroeconomic imbalance presents a ‘huge problem’ for European Union.

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Illustration: Henry Wong
Infrastructure

Can the new Pinglu Canal become China’s Yangtze of the southwest?

The 134.2km waterway promises shorter routes to the sea and lower transport costs, potentially reshaping the fortunes of landlocked regions.

China-EU relations

Brussels announces dates for next round of China-EU trade talks in Beijing

October 8-9 schedule revealed after video call between European Trade Commissioner Maros Sefcovic and Commerce Minister Wang Wentao.

China debt

China publicly names officials in ‘unprecedented’ debt crackdown. Can it work?

The escalating campaign comes as officially identified hidden debt shrinks, even as broader estimates of local financing vehicle liabilities remain far larger.

Workers are seen at the construction site of a railway bridge over Yachi river in Bijie, Guizhou province. Photo: Reuters
China consumption

Pets and personal touches: how China’s luxury hotel market is changing

Today’s Chinese guests expect hotels to offer cultural experiences, personalised touches and a pet-friendly environment, Hang Lung director says.

A view of a hotel room at Hilton’s new Xi Zhe Wuxi hotel in Wuxi, Jiangsu province. Photo: Handout
China manufacturing

Xi’s industrial power play sees China bet big on AI, chips and smarter factories

Beijing is accelerating its push for resilient supply chains amid geopolitical tensions and domestic weaknesses.

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China jobs

Record graduate influx pushes China’s youth unemployment rate to 18.9%

Anxieties over AI’s growing threat to entry-level roles add to existing concerns about economic doldrums caused by weak domestic demand.

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Banking & finance

Fed rate hike risks worsening China’s economic divide

The first US interest rate increase in more than three years is unlikely to damp China’s surging tech exports while potentially worsening a squeeze on other manufacturers.

Photo: Reuters
China travel

China airports surge in global-connectivity ranking, led by Shanghai, Guangzhou

Third terminal helps Guangzhou Baiyun International Airport jump 17 places in global standings, while airports in Beijing, Shanghai and Hong Kong also improve.

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China's space programme

In Focus | How China is turning Hainan from a tourist island into a major aerospace hub

Factories, supercomputing centres and satellite businesses are springing up in the province as officials push to build a fully fledged aerospace ecosystem.

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John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

‘We will consolidate and enhance Hong Kong’s status as an international financial centre,’ John Lee says.

The HKMA will promote linking the Faster Payment System with mainland China’s bank card and payment system UnionPay by the end of the year. Photo: Nora Tam
Semiconductors

China’s AI chip stocks face crucial test as MetaX lock-up period expires

The Chinese AI chip firm enjoyed a blockbuster market debut in December, but its stock is now under pressure ahead of a major share release.

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People walk past the MetaX booth during the World Artificial Intelligence Conference in Shanghai. Photo: Reuters
China-EU relations

Von der Leyen vows tough stance with China, using EU’s tools to rebalance trade

Brussels is looking to reduce reliance on Chinese raw materials, and Beijing again urges the EU to avoid protectionist policies.

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China exports

China launches Pinglu Canal, slashing transit time to Southeast Asia

Newly opened Pinglu Canal will allow cargo from inland provinces to reach the Gulf of Tonkin, avoiding a 560km detour, deepening trade ties.

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Belt and Road 2026

Ancient Silk Road to modern Belt and Road: how Hong Kong bridges China and the Middle East

As the Middle East seeks economic diversification, Hong Kong acts as the financial gateway for investment.

In 2025, the Middle East was Hong Kong’s 10th largest trading partner, with bilateral trade in goods of HK$192.8 billion, making it a significant stand in the various t rade networks that make up the Belt and Road Initiative. Photo: Karim Sahib, AFP
Law

In Focus | Is China’s new local surtax a game-changer, or a bureaucratic tweak?

Analysts say the proposed surtax – a reworking of three local revenue sources into one semi-autonomous levy – should help streamline finances.

Illustration: Lau Ka-kuen
US-China relations

ICE death, AI military strike proposal, Huawei trial: 7 US-China relations reads

From a drone ban to birth tourism, here are highlights from the SCMP’s overseas correspondents in the first half of September 2026.

Artificial intelligence

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Hitler

Heated rhetoric highlights tensions over how quickly artificial intelligence should advance and who should shape its future amid mounting safety concerns.

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