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Currency dealers monitor exchange rates. Photo: AFP

China

Anchoring China’s yuan, Trump invites Xi: SCMP daily catch-up

From the Panchen Lama making a rare visit to Trump inviting Xi to his inauguration, here’s a round-up from today’s China and economy coverage.

Nobel Prize-winning research gains traction in China to aid private sector

China loosens purse strings to boost demand as economic conference ends

China Economy

China’s massive Yiwu wholesale hub at the forefront of trade-reform efforts

Deeply ingrained institutional problems will be resolved, and better Belt and Road Initiative promotional efforts will be made under new State Council plan.

A vendor of electric toy cars waits for customers at the Yiwu wholesale market in China’s Zhejiang province. Photo: AP
A vendor of electric toy cars waits for customers at the Yiwu wholesale market in China’s Zhejiang province. Photo: AP

Policy

China urged to anchor yuan to non-US dollar currencies to empower domestic tools

China Finance 40 Forum think tank suggests temporarily anchoring the yuan to a basket of currencies, particularly the euro.

Global Economy

China’s semiconductor firms cash in chips as export boom bucks overall trend

Despite a bevy of US restrictions on China’s semiconductor trade, chip shipments remain high even as overall exports miss expectations.

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China Economy

China may bank on balance-sheet expansion, not rate cuts, for growth: economist

While Beijing is unlikely to implement universal consumption subsidies, officials may try to boost spending by raising incomes, according to Nomura’s Lu Ting.

China’s Politburo has underscored the “all-round” expansion of domestic demand as a priority for next year, calling to vigorously boost consumption. Photo: AFP
China’s Politburo has underscored the “all-round” expansion of domestic demand as a priority for next year, calling to vigorously boost consumption. Photo: AFP

Economy

China hopes to breed success with focus on quality soybean varieties

China completed a census of its agricultural germ plasma resources earlier this year amid a focus on food security.

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China Economy

China ramps up economy-boosting rhetoric ahead of critical conference

At this ‘critical stage of transformation’, with outsized challenges mounting, adherence and commitment to policy choices is said to be as important as ever.

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Policy

China to invest over 4 trillion yuan in ‘hidden infrastructure’ as economy slows

Urban infrastructure projects in the coming years will be worth trillions of yuan and provide a means of boosting jobs and stabilising China’s economy.

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Urban infrastructure construction, as seen here in Yunnan province this month, will help drive investment that supports China’s economy in the coming years. Photo: Xinhua

Policy

Explainer | What is China’s central economic work conference, and why does it matter?

China’s annual tone-setting central economic work conference is expected to convene this week at a key time for the world’s second-largest economy.

Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP
Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP

Economic Indicators

Explainer | China’s export boom not bust despite November deceleration: 5 takeaways

China’s exports grew by 6.7 per cent year on year in November, but the reading marked a slowdown from October rebound.

Policy

‘Strong tone’ from China’s Politburo suggests more fiscal spending: analysts

After Monday’s Politburo meeting, analysts predicted China will raise fiscal spending and cut rates to keep up activity through next year.

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Policy

Does China have the key to unlock a second demographic dividend?

Employers in China asked to create jobs suitable for older workers, with close to 300 million people aged over 60.

An elderly woman stands at the entrance to the University for the Elderly in Beijing. Photo: AP

China Economy

China’s infrastructure spending may surge in 2025 to meet 5-year goals

With construction seen as vital to stabilising the national economy, authorities emphasise that there is still a lot of room to increase fiscal spending.

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Workers handle components used to build a high-speed railway in China’s Hebei province last month. Photo: Xinhua
Workers handle components used to build a high-speed railway in China’s Hebei province last month. Photo: Xinhua

China Economy

With China’s C919 flying high, local governments scramble to cash in

Regions are racing to sign deals with suppliers for the new aircraft, with hundreds of planes set to be built over the next few years.

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Economic Indicators

As China’s trade slows, Trump’s tariffs loom, analysts eye domestic growth focus

China’s exports growth slowed to 6.7 per cent year on year in November, while imports continued to weaken.

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Policy

Explainer | What is China’s central economic work conference, and why does it matter?

China’s annual tone-setting central economic work conference is expected to convene this week at a key time for the world’s second-largest economy.

Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP
Chinese President Xi Jinping delivers a speech at the 2023 central economic work conference in Beijing. Photo: AP

Economic Indicators

Explainer | China’s export boom not bust despite November deceleration: 5 takeaways

China’s exports grew by 6.7 per cent year on year in November, but the reading marked a slowdown from October rebound.

Global Economy

‘Get down to business’: China, Vietnam set aside maritime disputes for trade

Brisker trade and new investments in factories and infrastructure among the fruits of pragmatic approach to relationship.

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Economy

‘Persistent’ deflationary pressure remains for China: 4 inflation data takeaways

Consumer prices in China grew by 0.2 per cent in November, while the cost of goods at the factory gate fell for the 26th month in a row.

People buy vegetables at a market in Shenyang. Photo: AFP
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OPINION
Nicholas Spiro

Macroscope | Could Trump be a catalyst for the reforms China and Germany need?

Nicholas Spiro
Huang Yiping

Opinion | 3 challenges for China’s economic growth in 2025

Huang Yiping
Alex Lo

My Take | Trumpian economics will hurt the world more than it will hurt China

Alex Lo
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Prof Zhang Jun

Opinion | How China’s fast-transforming economy can avoid painful L-shaped growth

Prof Zhang Jun
SCMP Editorial

Editorial | Politburo prepared to do all that it takes in the name of growth

SCMP Editorial
Winston Mok

The View | East Asia’s success shows regional integration key to global competitiveness

Winston Mok
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MULTIMEDIA
Video

Trump’s ‘day 1’ tariffs target China, Canada, Mexico

02:54
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The rise of China's ‘flying’ low-altitude economy

08:18
Video

Xi tells Biden he’s ‘ready to work’ with Trump

03:12
Video

Bridgewater's Prince says China is a 'unique opportunity' as funds diversify

06:08
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TRENDING TOPICS
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China’s Politburo revives crisis-era language in pledge to bolster economy

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What’s eating at Guangdong? For China’s economic champ, the hits keep coming

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