Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Air pollution threat as lung cancer cases in never-smokers on the rise: study Despite drops in tobacco use worldwide, the incidence of lung cancer among people who…
BEIJING: China’s sluggish domestic consumption got a boost over the weeklong Lunar New Year holiday, with travel and retail sales both offering a slight reprieve to a dragging economy facing the prospect of an escalating US trade war.Train stations and airports across the country were jam-packed for weeks as millions returned home for the festive…
China’s top leaders have extended greetings to more than 100 retired Communist Party senior cadres and state leaders ahead of the coming Lunar New Year. President Xi Jinping and other state leaders either visited or deputed others to visit a total of 130 former officials in recent days, according to state news agency Xinhua. Those…
(Bloomberg) — China’s economy likely grows slower than official figures suggest, and a rate of expansion of around 3% to 4% is probably a realistic outlook for the coming years, according to a prominent Chinese economist. Most Read from Bloomberg The remarks on Thursday by Gao Shanwen, chief economist at SDIC Securities, who’s previously advised…
(Bloomberg) — China increased its support for the yuan by setting a significantly stronger-than-expected daily reference rate, after the managed currency weakened to a one-year low in the previous session. Most Read from Bloomberg The People’s Bank of China set the so-called fixing at 7.1934 per dollar, stronger than a closely watched line of 7.2…
China’s biggest risk during Donald Trump’s second term as president would be US government overhauls driven by tech billionaire Elon Musk, a leading Chinese political scientist and policy adviser to Beijing has warned. As a countermeasure, China should expand unilateral opening-up measures towards countries including the United States, Zheng Yongnian, dean of the School of…
By Eduardo Baptista and Lisandra Paraguassu Bracing for Trump tariffs, China’s Xi makes diplomatic push at global summits RIO DE JANEIRO/BRASILIA, – In his first global meetings since Donald Trump was reelected to lead the U.S., Chinese President Xi Jinping went on a diplomatic offensive, hedging against expected new tariffs and preparing to exploit potential…
Asian equities climbed, aided by signs of a stabilization in China’s economy and a retreat in the dollar. Shares in Hong Kong and Australia advanced following data that showed China recorded the highest retail sales growth in eight months. Japanese benchmarks gained about 0.8%, supported by weakness in the yen. US contracts slipped. A gauge…
China isn’t about to let its export market go belly-up. Instead, it will do what it always does – pump money into its industries to soften the blow of U.S. tariffs. By subsidizing the costs that tariffs impose, China inadvertently reduces the financial strain on U.S. importers. However, this move will make Chinese businesses lean…
(Reuters) – China’s economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a major challenge for Beijing. Authorities in the world’s second-largest economy have sharply ramped up policy stimulus since late-September to revive the flagging…