SCMP China Business News

President Putin says agreement with China and Mongolia to build Power of Siberia 2 natural gas pipeline is ‘practically’ finalised, but analysts say Beijing may be looking to curb geopolitical risks as it shores up energy security. Source link

Since being appointed central bank governor in 2018, US-educated Yi Gang has led financial reforms and a debt reduction campaign, while maintaining a prudent monetary stance. Source link

Three intended rounds of negotiations are expected to precede a visit to Beijing by trade minister Don Farrell as China and Australia look to get their relations back on solid footing. Source link

CATL, which is facing intensifying competition from smaller rivals, has agreed to offer top clients like Nio, Li Auto, Huawei and Zeekr batteries at sharply lower prices for the next three years, industry sources said. Source link

China should postpone the retirement age, lower the investment-to-GDP ratio, reform state-owned enterprises and promote education and innovation, according to the International Monetary Fund (IMF). Source link

Hong Kong needs to look beyond the East and the West, and go anywhere “if there is money to be made”, including the Middle East, Hang Lung Properties Chairman Ronnie Chan says. Source link

Property investment dropped 10 per cent to 13.29 trillion yuan (US$1.98 trillion) in China last year, the first time it has fallen since 1999, prompting analysts to warn its contribution to the economy is shrinking. Source link

Outstanding levels of Digital Currency Electronic Payment, also known as e-CNY, stood at 13.61 billion yuan (US$2 billion) at the end of December, according to the People’s Bank of China. Source link

Senior economic official says expansion of consumption will be a priority in the push to lift overall demand. Source link