SCMP China Business News

China’s strong economic recovery is expected to fade in the months ahead, putting downward pressure on the yuan exchange rate and consequently creating headwinds for other Asian currencies, analysts said.China is a net importer of goods from many Southeast Asian…

The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for China this year because of the patchy recovery from new coronavirus variants, as Beijing focuses on reducing debt and public investment.The Washington-based organisation trimmed China’s gross domestic…

At an auction of a house in the affluent Sydney suburb of Chatswood in 2015, a group of protesters stunned prospective bidders when they turned up with placards decrying foreign homebuyers.“Keep the Aussie dream alive,” the signs said. “We don’t…

The China Railway Express has withstood rising tensions between the European Union and China to post record cargo traffic through Xinjiang in the first half of the year amid sky-high sea freight rates caused by the coronavirus pandemic.The railway network…

Rising hydro and solar power output, together with higher coal production and imports, are expected to result in a “relatively large” decline in China’s coal prices next month, according to the nation’s top economic planner.“We believe coal demand and supply…

Economists say China is better positioned than it was in the past to handle “external challenges”, after the US Federal Reserve overhauled its economic and monetary policy predictions in its just-concluded policy meeting.The Fed’s so-called dot plot – a chart…

China has been urged to join a push by the United States for a global minimum tax rate, with experts saying it is an opportunity for Beijing to participate in international economic governance and create a common ground with Washington…