China

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China rejects US allegations targeting its world-leading shipbuilding industry

China has rejected the findings of a US investigation into its shipbuilding industry and described the allegations that it levelled…

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New Business

Smartphone giant Honor names Huawei veteran to lead firm as CEO George Zhao Ming resigns

Chinese smartphone giant Honor’s long-standing chief executive, George Zhao Ming, has resigned owing to personal reasons, according to the company,…

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New Business

China logs 5% GDP growth in 2024 as exports, stimulus provide year-end boost

China has reached its 2024 target for economic growth, recording a 5 per cent increase to its gross domestic product…

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New Business

Li Ka-shing gives Disneyland tickets, RedNote’s challenge in US: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond…

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New Business

China announces 5% GDP growth, population drop at press conference

The National Bureau of Statistics (NBS), China’s chief governmental data compiler, is holding a press conference on Friday morning. At…

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New Business

China’s consolidation of small banks accelerates to head off systemic risk

China’s efforts to consolidate its small banks have led to a sharp reduction in their numbers as regulators work to…

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New Business

Explainer | Why does China enjoy preferential trade status with US, and could it lose it?

In its annual report to Congress in November, the American government’s US-China Economic and Security Review Commission said the legislature…

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New Business

Macroscope | Why bond markets refuse to hop aboard the Trump train

While signals from bond markets are not always reliable and can be a poor predictor of shifts in the economy,…

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New Business

China’s yuan on the rise in oil trade, but petrodollar here to stay: report

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and…

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New Business

Apple trails Huawei, Vivo in China smartphone market in 2024, iPhone leads fourth quarter

Apple recaptured the top spot in China’s smartphone market in the fourth quarter, but it fell to third place in…

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