China’s award-winning submarine, Vietnam reef projects: SCMP daily catch-up
From China’s export growth narrowing to Vietnam’s constructions in South China Sea, here’s a round-up from today’s China and economy coverage
1. China export growth narrows to 6.7% in November amid Trump tariff uncertainty
After posting a strong rebound in October, exports from the world’s second-largest economy grew by 6.7 per cent year on year to US$312.31 billion in November, according to customs data released on Tuesday. The figure was lower than the expected 8.76 per cent increase surveyed by Chinese financial data provider Wind, and fell short of the 12.7 per cent rise recorded in October.
2. Scientists discover 3,000-year-old silk at China’s mysterious Sanxingdui ruins
Chinese archaeologists say they have discovered silk at the Sanxingdui ruins for the first time, and they believe the treasured textile was used 3,000 years ago in rituals to “communicate between heaven and earth”.
3. South China Sea: Vietnam reef projects may set scene for conflict with Beijing
For years China has had an advantage in the South China Sea as its land reclamation programme on reefs of strategic significance created a possible base for large planes and vessels, including navy ships. But the dominance might be challenged in the future as Vietnam pushes ahead with its own land creation and airstrip construction on reefs in the area.
4. With China’s C919 flying high, local governments scramble to cash in
