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The World Economic Forum’s 16th Annual Meeting of the New Champions has kicked off in Tianjin, China. Photo: AFP

Global Economy

‘Summer Davos’ panel mulls US economy secret sauce: did China crack the recipe?

At World Economic Forum event, the US-China rivalry is all the buzz.

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Chinese airlines’ advantage, Chongqing as key trade hub: SCMP daily highlights

China urged to step up fiscal support amid Iran-Israel war, trade war risks

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Global Economy

China’s Zou Jiayi, a former finance official, elected AIIB president

Former vice-minister of finance will begin her term in January, as the development bank faces a challenging environment for multilateralism.

Zou Jiayi, a former vice-minister of finance, has been elected president of the Asia Infrastructure Investment Bank. She was China’s nominee for the position. Photo: Handout
Zou Jiayi, a former vice-minister of finance, has been elected president of the Asia Infrastructure Investment Bank. She was China’s nominee for the position. Photo: Handout

Global Economy

Are stablecoins the future? Don’t bank on it, warns the bank for central banks

Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints a future picture of a different financial system.

Global Economy

China decries latest EU trade salvo putting medical devices in the line of fire

Brussels urged to ‘immediately correct its wrongdoings’, while Beijing says it will take measures to defend Chinese enterprises’ interests.

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China Economy

China’s yuan set to benefit as central banks report doubts about US dollar

Survey of central banks shows concern over long-term viability of US dollar, but not enough for the yuan or other currencies to supplant it.

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Geopolitics are driving doubts about the US dollar among the world’s central banks, giving the yuan room to grow in stature. Photo: AFP
Geopolitics are driving doubts about the US dollar among the world’s central banks, giving the yuan room to grow in stature. Photo: AFP

China Business

China’s BYD expands car-carrier fleet in bet on EV exports

Carmaker’s six vessels can carry 45,600 cars, and two more ships will add 16,200 to that total soon, company says.

China Economy

As skies in Mideast close, China airlines have key advantage – Russian airspace

In a sky divided by conflict, some companies face longer, costlier routes – giving Chinese firms a competitive edge, analysts say.

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China Economy

Suez Canal on rails? How this Chinese city wants to revolutionise global trade

The metropolis is already a rail-powered gateway to foreign markets – now, it wants to go one step further.

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Illustration: Lau Ka-kuen

China

China’s HQ-29 missile, Beijing hits out at US and Israel: SCMP daily highlights

From China urged to adopt yuan-backed stablecoins to Beijing criticising the US and Iran, here’s a round-up from today’s coverage.

Fu Cong, China’s ambassador to the UN, told a Security Council meeting on Sunday that the US had “dealt a heavy blow to the international nuclear non-proliferation regime”. Photo: Getty Images via AFP
Fu Cong, China’s ambassador to the UN, told a Security Council meeting on Sunday that the US had “dealt a heavy blow to the international nuclear non-proliferation regime”. Photo: Getty Images via AFP

China Economy

US farmers face tough outlook as China switches suppliers amid trade war

China’s imports of a slew of US farm goods plummeted in May. Analysts say the trade may never fully recover.

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Global Economy

Beijing tells China ships in Strait of Hormuz to phone home amid safety risks

Iran has control over the shipping chokepoint that handles much of China’s imported oil, and Beijing will get daily updates from shipping vessels in the worrisome region.

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Diplomacy

Strait of Hormuz: why China fears Israel-Iran war poses threat to global economy

As fears mount that Tehran could block strategic chokepoint, Beijing urges calm to protect global energy trade.

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A cargo ship cruises towards the Strait of Hormuz off the shores of Khasab in Oman on January 15, 2012. Photo: AFP

Global Economy

Have Trump’s Iran strikes given China a strategic advantage?

Analysts say deepened US involvement in the Middle East could make rare earths more precious – and grant China a stronger trade position.

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US President Donald Trump’s air strikes on Iran have rapidly reoriented the world’s geopolitical and economic focus. Photo: AFP
US President Donald Trump’s air strikes on Iran have rapidly reoriented the world’s geopolitical and economic focus. Photo: AFP

China Economy

China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged

The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.

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Global Economy

Global economy jitters grow after Trump’s Iran strikes, Strait of Hormuz fears

Escalating Israel-Iran conflict could disrupt oil trade and shake markets, analysts say.

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China Economy

Foreign degree? Think again, say Chinese parents as change of heart shifts focus

Middle-class parents in China long viewed overseas diplomas as the best path to success, so what has changed? And why are overseas students in an ‘increasingly awkward position’?

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Illustration: Davies C. Surya
Illustration: Davies C. Surya

Global Economy

China’s dying EV batteries are powering its circular economy in new-energy era

Recycling critical materials such as lithium, cobalt and nickel are driving profits and shoring up China’s resource security as trade war with US hits supply chains.

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Global Economy

Trump opened Pandora’s box on ‘Liberation Day’. Can it ever be closed again?

Near the end of his first 100 days, Trump’s tariffs have put the global economy in disarray – does it matter if he is having second thoughts?

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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
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OPINION
Winston Mok

Opinion | Beyond Iran: the precarious balance of global oil prices

Winston Mok
Nicholas Spiro

The View | Why China’s ailing housing sector is the crisis investors forgot

Nicholas Spiro
Alice Wu

Opinion | Hong Kong is bouncing back just at the right time for John Lee

Alice Wu
Yukon Huang

Opinion | How Beijing and Washington can find common ground

Yukon Huang
Regina Ip

Opinion | As Hong Kong’s financial sector soars, what about food and retail?

Regina Ip
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Anthony Rowley

Macroscope | A retreating US opens door to wider Asian economic integration

Anthony Rowley
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MULTIMEDIA
Video

Xi doubles down on self-reliance during Henan visit

China’s Xi doubles down on self-reliance, rallying officials to bolster manufacturing
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US and China reach deal to roll back tariffs

China, US slash most tariffs on each other after first round of trade talks
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China unveils policy package to guard against US tariffs

China unveils policy package to guard against US tariffs ahead of trade talks in Switzerland
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Video

Can the US really bring manufacturing back from China?

Trump promises to bring US manufacturing back from China, but will his tariffs work?
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TRENDING TOPICS
China trade
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China's economic recovery
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After tight-lipped talks in London, the US-China silence speaks volumes

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As US enters Israel-Iran conflict, are China’s Middle East interests at risk?

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China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

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China will boost the yuan’s global reach with new operations centre, PBOC says

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Cairo calling: why Chinese factories are moving to Egypt amid the trade war

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