Seafood at a market in Shanghai in August 2023. (Photo by Tomoko Wakasugi)
Trade

China has turned to South America since banning Japan seafood a year ago

Beijing adopted policy in response to release of wastewater from Fukushima plant

25 August 2024
New Gwadar International Airport, set to be Pakistan's largest air hub by size, was built with a $246 million grant from China. (Screenshot from New Gwadar International Airport's Facebook page) 
Transportation

Pakistan delays China-funded airport opening over security fears

Critics say $246m 'vanity' project risks turning into a white elephant

23 August 2024
Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)
Business trends

Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

23 August 2024
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024
Profit margins at Chinese commercial banks have hovered around a record low for months.
Economy

China lending at 15-year low as central bank holds rates

Real estate slump continues to squeeze financing demand

21 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
Indian Prime Minister Narendra Modi, left, and Chinese President Xi Jinping meet on the sidelines of the G20 summit in Osaka in 2019.
Economy

India economic report card triggers debate over China investment

Influential annual review encourages Delhi to loosen FDI rules to boost growth

20 August 2024
Attendees at the latest Financial Working Group pose for a photo in Shanghai. (People's Bank of China)
Economy

U.S., China agree to work more closely in times of financial stress

The fifth Financial Working Group meeting concluded as trade tensions rise

20 August 2024
Wagons filled with iron ore enter Rio Tinto's railyard near Karratha, 1,250 kilometers northeast of Perth, Australia, on Oct. 20, 2023. Australia shipped $138 billion of iron ore in the year through June.
Commodities

Australia warns of $2bn budget hole as iron ore slumps on China woes

Concerns elevated after bleak outlook from largest steelmaker

19 August 2024
Container ships at Qingdao port in China's Shandong province.
Caixin

China shippers face diverging fortunes in global and domestic waters

Ocean freight rates surge with tight capacity, while local market descends into price war

17 August 2024
About 1 billion packages arrived in the U.S. duty free through the de minimis law in the first half of 2024, according to customs authorities.
Trade war

U.S. lawmakers push for clampdown on tariff-dodging Chinese imports

Proposals include tightening 'de minimis' import rules, stronger enforcement

17 August 2024
Children wearing traditional clothing wave national flags in Seoul. South Korea is facing a "national demographic emergency."
Opinion

South Korea must learn from China's population long game

Seoul waking up to demographic crisis after long-term complacency

16 August 2024
Facilities under construction at a Tajikistan antimony mine in 2021.
Trade

China to restrict antimony exports in latest rare-metal curbs

Controls on flame-retardant mineral do not target specific countries, Beijing says

16 August 2024
Condominiums on the outskirts of Beijing in February. China's biggest cities have seen housing prices fall in the past three years, though not as much as smaller regional hubs. (Photo by Mizuho Miyazaki)
Property

China home prices down 8% from peak, with no end to decline in sight

Government rebuffs IMF call to support property sector despite continued woes

16 August 2024
An influx from mainland China is shoring up Hong Kong's population. (Photo by Shinya Sawai)
Economy

Hong Kong population edges up from end-2023 as mainlanders move in

City touts programs to lure talent amid questions over long-term prospects

15 August 2024
A flea market in Beijing: Chinese household spending rose slightly in July but the recovery remained uneven due to subdued demand in the property sector.
Economy

China retail sales improve in July despite weak economy

New home prices in key cities continue to fall on poor demand

15 August 2024
A worker cleans windows in Beijing's Central Business District. Chinese authorities are struggling to keep the bond market under control.
Bonds

Chinese central bank crackdown shakes bond market

Yields fluctuate after PBOC says measures have restored 'reasonable levels'

14 August 2024
Though the majority of Asian countries did not join in the West's sanctions against Russian oil, they are expected to abide by them.
Opinion

'Dark fleet' of oil tankers risk more maritime disasters in Asia

The West needs to bring Russian oil shipping out of the shadows

12 August 2024
Workers at a commercial housing complex under construction by China Vanke in Nanjing, Jiangsu province. Labor disputes involving the property and manufacturing sectors have swelled in the first half of 2024 due to an economic slowdown.
Economy

Strikes hit China's property, manufacturing sectors as growth slows

Labor disputes reflect disparities in the country's social safety net

12 August 2024