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
Bank of China joined a growing list of Chinese companies terminating contracts with PwC as the collapse of China Evergrande put the auditor's work in doubt.
Caixin

PwC loses largest China client in wake of China Evergrande storm

Penalties on professional services firm over 'negligence' likely to come soon

22 August 2024
Stream article image
#techAsia

China becomes a player in console games

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

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
Big Japanese department stores have benefited from tourists' luxury shopping. (Photo by Haruka Kadooka)
Consumer

Chinese tourists buying Gucci make Japan exception to global luxury slump

International shoppers reap fruits of weak yen at Tokyo department stores

22 August 2024
Tibetan spiritual leader the Dalai Lama visits Switzerland in 2018. He has been in the U.S. since June for medical treatment on his knees.
International relations

U.S. senior officials meet with Dalai Lama in New York

Chinese Embassy 'gravely concerned' over engagement with Tibetan spiritual leader

22 August 2024
A boy swims in a pool at a Vinhomes condominium complex in Ho Chi Minh City: Demand for housing in Vietnam's big cities outstrips supply, buoying prices.
Property

Vietnam's housing market sees green shoots of recovery

Fears of crash subside but apartment shortage persists

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
Malaysian automaker Proton launched the redesigned X70 SUV on Aug. 15. (Proton)
Automobiles

Malaysia's Proton deepens ties with China's Geely ahead of EV debut

Long-struggling automaker aims for growth under Chinese shareholder

22 August 2024
China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Transportation

China high-speed rail operator forced to hike fares as debt balloons

Rapid expansion leaves China Railway with $859bn in debt along with unused stations

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
Under President Xi Jinping, China has intensified efforts to protect national security and prevent espionage.
Companies

China's indictment of Astellas worker alarms Japanese businesses

Opaque espionage crackdown spurs concern over employee safety

22 August 2024
Neither Astellas nor Japan's Foreign Ministry disclosed what charges the employee has been indicted on.
Companies

Japan drugmaker Astellas says employee indicted by China prosecutors

Man has been detained since March 2023 on suspicion of espionage

21 August 2024
Macao Chief Executive Ho Iat Seng, center, attends a tech event in the former Portuguese colony in May. He surprised observers on Aug. 21 by announcing that he would not seek reelection in October due to "health reasons." (Photo by Kensaku Ihara) 
Politics

Macao leader Ho Iat Seng says he will not seek second term

Chief cites health for unusual decision less than 2 months before election

21 August 2024
The Hong Kong Exchange logged a 3% decline in first-half profit although the second quarter showed more promise. (Photo by Ken Kobayashi)
Markets

Hong Kong Exchange's first-half profit sinks amid weak market sentiment

New CEO Bonnie Chan describes results as 'robust' but concedes outlook uncertain

21 August 2024
As of end March, U.S. retailer Walmart held a 9.4% stake in JD.com, making it the No. 2 shareholder after the Chinese company's founder. It has now sold it all. (Source photos by AP)
Business deals

JD.com stock drops as Walmart unloads stake for estimated $3.6bn

U.S. retailer says it wants to focus on its own China operations

21 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
Turkish President Recep Tayyip Erdogan, left, meets with Chinese President Xi Jinping at the Shanghai Cooperation Organization Summit in Kazakhstan on July 4. (Turkish presidency)
International relations

Turkey lauds improvement in relations with China after long stagnation

President Erdogan reveals possible visit in 2025 by counterpart Xi

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
People try out iPhone products at an Apple Store in Beijing. 
Opinion

China must decide whether to rein in exploitive 'Apple Tax'

Pushback by Tokyo and Seoul against tech group show Beijing the way forward

21 August 2024
A group of U.S. lawmakers warned of the possibility of forced participation of Uyghurs in clinical trials conducted in China's Xinjiang region.
Pharmaceuticals

American clinical trials in China questioned by U.S. lawmakers

House members cite risks of intellectual property theft and forced use of Uyghurs

21 August 2024
China's three state-owned telecom operators are gearing further towards higher dividend payments and lower capital expenditure. (Photo by Kenji Kawase)  
Telecommunication

China Telecom, China Mobile hike dividends under Beijing pressure

Payout ratios to go beyond 75% for state-owned telecos as need to invest recedes

21 August 2024
Indian External Affairs Minister Subrahmanyam Jaishankar and Japanese Foreign Minister Yoko Kamikawa are part of a press conference in Tokyo during July.
Defense

Japan and India hold third '2-plus-2' security talks

Tokyo considers communications exports as top diplomats, defense ministers meet

20 August 2024
People view the newly unveiled Onvo L60 SUV, the first vehicle of Chinese electric vehicle (EV) maker Nio's new lower-priced brand, in Shanghai in May.
Opinion

China's EV makers can't follow Japan's 'flying geese' offshoring strategy

As domestic demand cools, automakers turn to exports but face protectionist headwinds

20 August 2024