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Jeffrey Sachs rejects US claims of Chinese overcapacity: ‘absolutely wrong’

A prominent American economist has dismissed claims China is deliberately cultivating industrial overcapacity as “absolutely wrong”, asserting the world needs…

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New Business

Chinese EV maker Xiaomi raises US$5.5 billion from share sale to accelerate expansion

Chinese tech firm Xiaomi raised HK$42.5 billion (US$5.5 billion) from a share sale to fund the expansion of its electric…

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Hong Kong stocks trade sideways as Trump tariffs loom; Meituan, Sinopec top losers

Hong Kong stocks fluctuated between losses and gains on Monday, as caution prevailed ahead of US President Donald Trump’s next…

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Canada’s lobster exporters feel the pinch as China’s tariffs snip prices

As new tariffs from China take effect, the price of Canadian seafood like lobsters is poised for a severe slump…

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Opinion | What was unsaid at China’s ‘two sessions’ and why it matters

In the season of China’s annual “two sessions” meetings, what remains unsaid often carries more weight than what is openly…

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Chinese economist calls for bold action to fill climate leadership vacuum

China is well-positioned to take a stronger global leadership role on climate change as the United States reneges on previous…

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Volkswagen to launch 11 new models in China as it targets 4 million units by 2030

Volkswagen and its long-standing partner FAW Group will launch 11 new models exclusively for the Chinese market as it seeks…

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Tesla’s February sales slump in China as buyers turn to domestic rivals BYD, Xiaomi, Xpeng

Tesla continued to lose market share on the mainland to its Chinese rivals in February, as sales plunged more than…

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New Business

At ‘two sessions’, China takes aim at an insidious economic foe: ‘neijuan’

China has signalled its plans to up the ante in its fight to stamp out the excessive, cutthroat competition plaguing…

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Made in China 2025: 4 questions on the country’s manufacturing upgrade 10 years on

China has made significant progress in multiple industries under its “Made in China 2025” plan that Beijing initiated a decade…

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