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China’s central bank signaled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers.
China’s export machine is accelerating as its domestic economy remains under strain. This comes amid growing trade friction as China’s partners question whether persistent surpluses can coexist with balanced and resilient regional growth. Last month, China’s exports rose 36.3 per cent year on year, while shipments to Southeast Asia jumped 52.3 per cent. The trade surplus reached US$133.5 billion, taking the nine-month total to US$938.1 billion. In contrast, retail sales grew just 0.4 per cent in...
Tokyo, Oct. 19 (Jiji Press)--Taiwanese individuals with Japanese professional qualifications, such as doctors, nursery teachers and real estate appraisers, no longer have to list "China" as their nationality in documents, it was learned Monday. At a meeting of a group of lawmakers promoting friendly relations between Japan and Taiwan on the day, the Japanese government reported that it had ...
The Philippines said its top diplomat summoned China’s envoy to protest his remarks on use of force amid their maritime dispute in the South China Sea.
About 300km (186 miles) south of Dar es Salaam and near the ruins of Kilwa Kisiwani, the fishing town of Kilwa Masoko has a new port designed to accommodate fishing vessels far larger than the boats that have long worked this stretch of Tanzania’s coast. The fishing port had passed its completion inspection, China’s ambassador to Tanzania Chen Mingjian said last week, while hailing it Tanzania’s first large-scale modern fishing harbour. Designed to land 60,000 tonnes of fish a year, it aims to...
GDP growth picks up from Q2 amid AI-driven boom in exports.
European Union Chamber of Commerce in China President, Jens Eskelund, says a more unified European approach to China could reshape trade relations. He joined Paul Allen on Bloomberg’s Insight with Haslinda Amin to discuss EU-China trade tensions and the outlook for European businesses in China. (Source: Bloomberg)
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Mary Lovely, Senior Fellow at PIIE, says China’s dominance in rare earth production gives Beijing significant leverage in trade issues with the US. She speaks with Stephen Engle on the sidelines of the Bund Summit in Shanghai. (Source: Bloomberg)
China’s growth accelerated more than expected in the third quarter while home prices fell at a slower pace in September. Maybank Macro Research Director Erica Tay discusses what it may mean for stimulus expectations. (Source: Bloomberg)
Signs are emerging that a record 10-week losing streak for China’s benchmark stock index has prompted state-backed funds to step up their presence in the market.
A young couple in eastern China have gone viral on social media for skipping elaborate wedding traditions and instead holding simple nuptials, spending money only on banquets and cash gifts for their guests. The bride, surnamed Zhu, is from Ningbo in Zhejiang province, while the groom, Wang, is from Taizhou, also in Zhejiang. The couple, both in their early 30s, held wedding celebrations in their respective hometowns in September, according to the Ningbo Evening News. Rather than follow...
New Zealand’s trade deficit with China widened in the 12 months through September amid a surge in imports of electric vehicles and mobile phones.
Robin Xing is chief China economist at Morgan Stanley. A famed economist and Peking University graduate, Xing has a PhD in economics from the Chinese Academy of Social Sciences and previously worked at Goldman Sachs and China International Capital Corp. In his second Open Questions interview, Xing dissects China’s K-shaped economic divergence and why he remains convinced that the “top half of the K” can offset challenges such as deflation and weak consumption. He also discusses Beijing’s real...
The war in the Middle East has disrupted oil and gas supplies, leaving governments to confront energy pressures as they prepare for next month’s Cop31 UN climate conference in Antalya, Turkey. The crisis raises an enduring question: how can climate action strengthen the resilience of an economy? China offers a useful case. Its factories supply technologically advanced products essential to the green transition at competitive prices. China has production cost advantages in electric cars,...
Katie Zacharia may have lasted just five days as the White House press secretary but still managed to set off a diplomatic incident with China. In an interview with a conservative commentator on Thursday, Zacharia referred to China as a place that “doesn’t even have proper toilets”. Chinese foreign ministry spokeswoman Mao Ning responded a day later with a smile and a brief, pointed invitation. “We welcome her to visit China more often when she has the opportunity,” said Mao, a veteran...
By the time the Chinese navy hospital ship had docked in the Guinean capital Conakry earlier this month, patients were already queuing for free consultations. The queues in front of the Auspicious Ark were so long that some people were told to come back the next day, according to Guinean media reports. The ship, operated by the PLA Navy, offers a range of medical services wherever it stops, including surgery to treat cataracts, appendicitis and hernias as well as gynaecological care. On this...
China strongly condemned what it called Japan’s “negative moves” concerning the Yasukuni Shrine, saying the actions were a provocation against the postwar international order, according to a Saturday statement from the Chinese Embassy in Japan.
Almost every year, Kevin Stewart flies to China to find stock for his Indonesian businesses. But increasingly, the factories he visits are selling to his customers too, sometimes for less than they charge him. A data science manager in the tech sector by day, the Chinese-Indonesian entrepreneur also helps run home-living and pet-supply companies that sell to other businesses and direct to consumers, including through e-commerce platforms. Yet Chinese companies listing directly on Indonesian...
China’s railway network carried 3.71 billion passenger trips in the first three quarters, up 4.8% from a year earlier and marking a record for the period, China State Railway Group Co. said on Sunday.
Senior US commanders have highlighted the importance of land-based troops and equipment stationed in the Asia-Pacific in any conflict with China, countering assumptions that such a war would be fought mainly at sea and in the air. General Ron Clark, commander of US Army Pacific, said the “tyranny of distance” made it difficult to rely on air and naval forces during a panel discussion at the Association of the United States Army’s annual meeting this week. The comments reflect mounting concerns...
US President Donald Trump is expected to drive hard bargains on tariffs and critical minerals in his return to the Asean summit in Manila next month, with Washington seeking greater economic and strategic concessions while remaining hawkish on China. The Philippines confirmed on Wednesday that Trump would fly in for the summit from November 16 to 18, before attending the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen that same week. Trump’s second consecutive appearance at the forum...
In Kazakhstan’s futuristic capital Astana, car dealer Auyez Kabdygali is planning a big change to his business as he switches from importing European cars to Chinese electric vehicles. Kabdygali says there is increasing demand for Chinese EVs both from locals and Russian customers due to their competitive price and quality. His grandfather is among the converts – he has an order in for a BYD Han, the carmaker’s flagship model, and plans to collect it from a terminal on the border with China and...
China’s embassy in Thailand has warned citizens to carefully plan their trips and pay extra attention to transport security following a string of high-profile kidnappings targeting Chinese nationals. Online influencers and artists were also advised to remain vigilant against high-paying job scams operating in Thailand in the latest such warning issued on Friday. There have been a number of high-profile incidents in recent months in which online celebrities and travellers were kidnapped in...
Artificial intelligence-powered glasses can act as tour guides, snap photos hands-free and translate foreign languages. The devices also sell at relatively affordable prices in China. But are they the perfect travel companion? Not yet. AI glasses were slowly catching on with travellers as the technology improved and more devices entered the market, analysts said, but technical hitches were slowing mass adoption of the smartphone-linked gear that could be worn like ordinary spectacles. “They can...
Donald Trump was apparently captivated by the “beautiful” roses in the garden of the Communist Party’s leadership compound when he visited Beijing in May. It was a relaxed moment between the US and Chinese leaders – otherwise locked in disputes ranging from trade to technology and Taiwan – that led to a new opportunity for gift diplomacy between the rival powers. Strolling around the former imperial garden at Zhongnanhai with Xi Jinping, Trump was so taken with a China rose variety in bloom that...
There is “no way out” for corrupt officials no matter how senior they are, China’s top anti-corruption watchdog has warned following the downfall of a former big-city mayor who survived numerous previous scandals. This week, the Central Commission for Discipline Inspection (CCDI) announced both the probe into Huang Qifan, the former mayor of Chongqing, and the expulsion of a senior figure in Sichuan province. On Saturday, the commission said these developments showed the party’s “unwavering...
China’s artificial intelligence companies have spent years persuading consumers to pay for their technology. Now, Moonshot AI, the start-up behind Kimi, is taking a different approach: offering AI computing benefits through a credit card. The company has teamed up with the Agricultural Bank of China (ABC) and American Express for what it calls “the world’s first AI native credit card”. After getting one for myself, the experience offered an intriguing way to bring AI services into everyday...