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Trade between China and Russia continues to rise amid mounting Western sanctions. Photo: Shutterstock

Global Economy

How Western sanctions are driving a surge in China-Russia trade

Trade between the two powers continued to grow across a range of categories in 2024, but may face greater headwinds this year.

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China ‘confident’ in 2025 economic rebound, Hong Kong is key: central bank chief

To boost yuan, China’s central bank allows firms to borrow more foreign debt

Banking & Finance

China unveils US$13 billion trade finance facility to boost yuan hub in Hong Kong

New incentives will enhance Hong Kong’s role as an offshore yuan hub as well as deepen the city’s bond market with more institutional players.

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HKMA CEO Eddie Yue Wai-man delivers a speech at the Asian Financial Forum Hong Kong on January 13, 2025. Photo: Enoch Yiu
HKMA CEO Eddie Yue Wai-man delivers a speech at the Asian Financial Forum Hong Kong on January 13, 2025. Photo: Enoch Yiu

Global Economy

China posts record trade surplus as export wave finds shores outside US

China reports an enormous trade surplus in 2024, and a highest-ever share for countries in the Belt and Road Initiative.

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Global Economy

Open Questions | US diplomat and economist Robert Hormats on ‘embedded competition’ with China

Veteran diplomat and economist untangles twists and turns of a full China-US decoupling, says differences should be managed carefully.

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China Economy

From toys to trading cards, China’s ‘goods economy’ drives generational spending

Cute and playful collectibles are a trillion-yuan industry in China, and their impact on commerce is expected to continue surging.

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LuLu the Piggy toys are among a growing market featuring collectable figurines. Photo: Instagram/luluthepiggy_official
LuLu the Piggy toys are among a growing market featuring collectable figurines. Photo: Instagram/luluthepiggy_official

China Economy

China’s solar farms spread into new regions amid green energy push

Country’s largest mudflat solar photovoltaic energy storage facility combines salt production with photovoltaic power generation.

Global Economy

China gets major Nigeria rail project back on track by granting key loan

Chinese state lenders had pulled the plug on the Kaduna-Kano project in 2020, but have greenlit new financing on commercial terms.

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China Economy

China’s aviation sector in clear skies of profit after 4 turbulent years

Civil aviation in China returned to profitability in 2024, the industry’s first positive return after four years of pandemic-induced losses.

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Increases in passenger volume have helped to bring China’s civil aviation sector back into profitability. Photo: Xinhua

China Economy

China’s central bank suspends bond purchases amid record low yields

Analysts say decline in China’s 10-year bond yield last year put pressure on yuan-US dollar exchange rate.

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The People’s Bank of China headquarters in Beijing. Photo: Kyodo
The People’s Bank of China headquarters in Beijing. Photo: Kyodo

Global Economy

Chinese firms face stumbling blocks abroad: competitive mindsets may turn messy

Overseas scandals, setbacks shine light on problematic nature of deeply ingrained business mentality. And the less they notice your Chinese identity, the better, some say.

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Policy

China pressures EU for talks to resolve ‘unfair’ trade barriers

China says the EU has used its Foreign Subsidies Regulation to unjustly target Chinese enterprises, but has yet to announce any retaliatory measures.

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Global Economy

Trade barriers against China hit record high in 2024 amid overcapacity fears

More developing countries initiated investigations targeting Chinese goods last year, and analyst says these included pre-emptive measures to prevent an import surge.

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A record number of new trade disputes between China and other countries were initiated last year, including some targeting China’s heavily saturated new-energy industry. Photo: AFP

Global Economy

Chinese firms ‘going global’ learn important lesson: integrate, or die

As China’s companies move to emerging markets, they find clients wanting infrastructure and pathways to local development as well as products.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Global Economy

Chinese cancel Thai holidays as actor Wang Xing’s kidnapping fuels safety fears

Thailand is expected to take a tourism and economic hit from Lunar New Year trip cancellations.

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China Economy

Chinese cadres urged to splash the cash to boost consumption

District party chief in Chongqing says family members deserve new clothes, while authorities in Beijing expand appliance trade-in scheme.

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Global Economy

China EV giant BYD hits skids in Brazil as ‘slavery-like’ claims slam workforce

China’s labour practices are driving a wedge between the world’s biggest EV maker and efforts to expand globally in areas where employee protections are paramount.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen

Global Economy

Chinese firms face stumbling blocks abroad: competitive mindsets may turn messy

Overseas scandals, setbacks shine light on problematic nature of deeply ingrained business mentality. And the less they notice your Chinese identity, the better, some say.

videocam
4

Global Economy

Chinese firms ‘going global’ learn important lesson: integrate, or die

As China’s companies move to emerging markets, they find clients wanting infrastructure and pathways to local development as well as products.

7

Global Economy

Open Questions | US diplomat and economist Robert Hormats on ‘embedded competition’ with China

Veteran diplomat and economist untangles twists and turns of a full China-US decoupling, says differences should be managed carefully.

videocam
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Illustration: Henry Wong
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OPINION
Wang Xiangwei

Opinion | Trump’s tariffs might be just what China’s ailing economy needs

Wang Xiangwei
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Mike Rowse

Opinion | Hong Kong faces hard choices on spending to fix its budget deficit

Mike Rowse
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Chris Rowley

Opinion | China’s work culture must change to give young people hope again

Chris Rowley
Anthony Rowley

Macroscope | Biden’s blocking of US Steel deal latest sign of globalisation in retreat

Anthony Rowley
Bernard Chan

Opinion | China will rein in vicious competition at the root of its overcapacity

Bernard Chan
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Nicholas Spiro

Macroscope | China needs urgent action to spark consumption and avoid Japan’s fate

Nicholas Spiro
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MULTIMEDIA
Video

BYD ‘slavery-like conditions’ strain China-Brazil relations

02:18
Video

China’s first civil manned airship delivered

01:41
Video

Will Japan’s economy recover under a new leader?

08:05
Video

Trump rally shooting T-shirts sold on China’s Taobao

01:19
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TRENDING TOPICS
China trade
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China's economic recovery
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MOST POPULAR
1

Chinese cancel Thai holidays as actor Wang Xing’s kidnapping fuels safety fears

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China EV giant BYD hits skids in Brazil as ‘slavery-like’ claims slam workforce

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China’s investors, tourists hit pause to size up risks of turmoil in Seoul

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China’s controversial jobless rate needs to be reformed, scholar urges

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Chinese firms ‘going global’ learn important lesson: integrate, or die