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China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
The US is escalating its trade war with China by imposing an extra 50 per cent tariff. Photo: Shutterstock
US-China trade war

China may weaponise service trade to hit back against US tariffs: commentators

Beijing could further restrict Hollywood films and target American law firms and consultancies, according to several influential commentators.

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Chinese overseas

Chinese residents and developer spot green shoots at Malaysian ‘ghost city’

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Yuan

China signals determination to defend yuan after offshore level hits record low

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US-China trade war

As tariff wave looms, is China still the world’s indispensable manufacturer?

Despite recent supply chain shifts, US consumers will have a hard time finding replacements for many staple goods still produced in China.

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US consumers are shopping for iPhones and other electronics en masse in anticipation of price increases from US President Donald Trump’s new tariffs. Photo: AFP
US consumers are shopping for iPhones and other electronics en masse in anticipation of price increases from US President Donald Trump’s new tariffs. Photo: AFP
E-commerce

Workers in ‘Shein village’ face uncertain future as trade war escalates

The livelihood of hundreds of thousands of workers are under threat in a Chinese export hub churning out T-shirts and jeans for US shoppers.

China food security

China sees ‘strong agriculture’ in its future with rural modernisation plans

By 2035, China will have ‘basically achieved’ agricultural modernisation, and rural residents will have ‘basically met modern living conditions’, Beijing’s new plan says.

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US-China trade war

‘Brace for impact’: Chinese economist warns the gloves are off in US trade war

Mao Zhenhua says China’s swift, forceful response to US tariff increases means the time for reconciliation appears to be over.

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A woman walks past a screen showing stock market movements at a securities company in Hangzhou, in eastern China’s Zhejiang province. Photo: AFP
A woman walks past a screen showing stock market movements at a securities company in Hangzhou, in eastern China’s Zhejiang province. Photo: AFP
US-China trade war

With China ‘singled out’ in US tariff war, analysts warn of strong retaliation

‘Whether the tariff is 70 per cent or even 1,000 per cent makes little difference’ when the result is that it blocks trade with US, says Eurasia Group China director.

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US-China trade war

‘Where can I go now?’: Chinese factories in Vietnam hammered by US tariffs

Chinese exporters flocked to Vietnam to avoid US tariffs aimed at China, but Vietnam is now also facing a steep rise in duties.

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US-China trade war

Is Trump’s ‘Liberation Day’ opening the door to China to join the CPTPP?

Members of the trans-Pacific trade bloc may be more inclined to allow China to join as they look to counter US tariff threats, analysts say.

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China has been trying to join the 12-member trade pact since 2021. Photo: AP
China’s economic stimulus

‘I’m not attracted’: why China is struggling to convince consumers to borrow

Beijing is offering easier access to credit in a bid to boost consumption, but households are reluctant to take on debt amid a global trade war.

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China has introduced a slew of measures in recent months to encourage consumers to open their wallets, but many households remain reluctant to spend amid an economic slowdown. Photo: EPA-EFE
China has introduced a slew of measures in recent months to encourage consumers to open their wallets, but many households remain reluctant to spend amid an economic slowdown. Photo: EPA-EFE
US-China trade war

China slams latest US threat, rushes to stabilise markets as trade war escalates

Ministry of Commerce vows to ‘resolutely’ strike back against any US moves to impose further tariffs.

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Belt and Road Initiative

China’s rail ambitions receive another boost as Mongolia approves new line

China is also moving forward with cross-border rail projects in Central Asia and Southeast Asia.

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US-China trade war

China’s retaliatory tariffs on US show Beijing has adapted since 2018: analysts

But global supply chains could face ‘significant damage’ that no country is fully protected against, the more a trade war drags out and intensifies.

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Analysts say an escalation in the US-China trade war does not come as a big surprise to Beijing. Photo: AFP
US-China trade war

Beijing tells Tesla, GE Healthcare to blame Washington for ‘tariff tensions’

‘Tariff tensions originate from Washington, and we encourage US businesses to address root causes,’ China’s vice-minister of commerce says in latest round-table chat.

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Chinese Vice-Minister of Commerce Ling Ji, seen here earlier this month, met representatives of American multinational firms on Sunday. Photo: EPA-EFE
Chinese Vice-Minister of Commerce Ling Ji, seen here earlier this month, met representatives of American multinational firms on Sunday. Photo: EPA-EFE
Banking & finance

China’s central bank plans to name money launderers to curb financial crimes

The People’s Bank of China has added a column to its website listing entities at high risk for money laundering in advance of an international review.

Yuan

China opts for stability over devaluation as tariff tremors give yuan a jolt

The yuan’s midpoint rate was set to a four-month low, but did not overshoot the 7.2 benchmark, suggesting devaluation not yet on the agenda.

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Hong Kong stock market

Asia-Pacific stocks plunge as traders rush for the exit in global tariff war

Eleven major Asia-Pacific benchmarks fall to their 52-week low; the Hang Seng China Enterprises Index enters a bear market.

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Hong Kong’s benchmark Hang Seng Index fell sharply on Monday. Photo: Jelly Tse
Hong Kong’s benchmark Hang Seng Index fell sharply on Monday. Photo: Jelly Tse
US-China trade war

China’s ‘national team’ intervenes to stabilise markets after Beijing’s pledge of support

The move comes after Communist Party newspaper suggested Beijing has policy tools ready to counter the fallout from a US trade war.

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China consumption

Will Trump’s ‘Liberation Day’ threaten China’s fragile consumer recovery?

A barrage of stimulus policies has helped lift consumer sentiment in China, but the recovery is still tentative – and could be dented by a US trade war.

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China deflation

Gold, dollars? China’s middle class unsure where to invest amid market chaos

Chinese investors have no easy options as domestic real estate prices tumble and turbulence roils the financial markets.

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A woman walks by an electronic board displaying Shanghai share prices near a brokerage house in Beijing. Turbulence has rocked China’s stock markets in recent months amid uncertainty over the country’s economic prospects and a potential trade war with the United States. Photo: AP
Artificial intelligence

Deconstructing art: as China’s iconic Dafen village reels, AI takes orders

Dafen once supplied over half the world’s oil paintings – then the global economic crisis, pandemic and China’s housing downturn took their toll – and now comes AI.

An artist paints a replica of Vincent van Gogh’s Sunflowers in a Dafen village alley. Many painters in Dafen, once known for churning out fakes, now sell original works. Photo: AFP
An artist paints a replica of Vincent van Gogh’s Sunflowers in a Dafen village alley. Many painters in Dafen, once known for churning out fakes, now sell original works. Photo: AFP
Commodities

Will the free-falling oil price reorder the world’s energy landscape?

Brent crude, the global benchmark, tumbled 13 per cent through Thursday and Friday to just over US$66 a barrel.

US-China trade war

China hits back at US with 34% tariff on American imports

The tariff comes into effect on April 10 and is part of a raft of measures that includes more rare earths controls.

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China travel

Chinese tourists plan stops to smell the cherry blossoms on holiday weekend

Ching Ming Festival trip bookings were up this year compared to last, travel platforms said, with particular interest in ‘flower tourism’.

Chinese tourists are expected to take advantage of the Ching Ming Festival break to visit sites where cherry blossoms are in bloom. Photo: Reuters
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Tech Trends

DeepSeek unveils new AI reasoning method amid anticipation for R2 model

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DeepSeek has unveiled a new approach to improving reasoning AI models amid anticipation for the release of the follow-up to its popular R1 model. Photo: AFP

Big Tech

TSMC could face US$1 billion fine over chip in Huawei AI processor

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TSMC is under a US investigation over a Huawei processor containing chips from the Taiwanese company. Photo: Reuters

Tech Trends

Chinese semiconductor, auto parts suppliers expect to gain from US trade war

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China’s Ministry of Commerce on Tuesday vowed to implement “countermeasures” against any move by the United States to further raise tariffs. Photo: Shutterstock

Big Tech

China’s top chip tool maker Naura sees revenue surge amid US trade tensions

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Naura’s booth at Semicon China in March 2024. Photo: Che Pan

Big Tech

China narrows gap with US in leading AI models, Stanford report shows

Alibaba’s Qwen logo is displayed next to a humanoid robot face in this illustration picture take January 25, 2025. Photo: Shutterstock Images
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