SCMP China Business News

Shackled by her neck and locked up all day in a squalid shack, video footage of a mentally-ill woman imprisoned by her husband has cast a shadow over the festive mood created by Beijing’s Winter Olympics.The woman, surnamed Yang, has…

China’s domestic box office sales topped 2.3 billion yuan (US$361 million) by day two of the Lunar New Year on Wednesday, despite rising ticket prices and sporadic coronavirus outbreaks forcing cinemas to close in some parts of the country.Sales totalled…

The world’s income and wealth inequality is said to have reached an “alarming” level two years into a global pandemic that has killed at least 5.5 million people.The disparity has proved particularly challenging for Asian countries, forcing Beijing, Tokyo, Bangkok…

China has ambitious plans to boost domestic soybean output by 40 per cent over the next four years, as an over-reliance on imports of the commodity continues to raise alarms over the nation’s food security.The country will bolster its oilseed…

China’s largest soybean producing province has taken its first step to boost production in 2022, following Beijing’s recent warning about dependence on imports for a commodity regarded as essential to national food security.The northeastern province of Heilongjiang, which produces about…

China’s move to set up a global force in the strategic rare earth sector could help it pre-empt and respond to future external challenges, including trade tensions with the United States, analysts say.The China Rare Earth Group was formed after…

China’s financial regulators have vowed to better supervise foreign exchange markets while taking a “zero-tolerance” approach to illegal transactions, as the yuan’s exchange rate has recently seen an unusual rally against the US dollar.Meanwhile, the world’s second-largest economy intends to…