SCMP China Business News

While overall income growth among many Chinese has yet to recover from the impact of the pandemic, demand among China’s lower-income groups is likely to remain subdued as pressure grows on the economy.Tina Tang, an administrative secretary at a small-to-medium-sized…

China will join coordinated global efforts to release oil reserves “based on its own needs” with Beijing in communication with other nations who have already laid out details of their plans to tame worldwide market turbulence, the foreign ministry said…

China’s small and medium-sized enterprises (SMEs) have faced a host of challenges since early 2020, ranging from the economic shock of the coronavirus pandemic to surging commodity prices and regulatory challenges.Some of them are crumbling under the pressure, but Beijing’s…

Chinese President Xi Jinping criticised protectionism and unilateralism on Thursday, promising to address concerns about China’s trade practices as the country seeks to join a Pacific Rim trade bloc.“China supports the reform of the World Trade Organization in the right…

China’s campaign to “curb the disorderly expansion of capital” across several sectors of the economy is on track to ease as the government shifts focus toward bolstering growth, according to a tone-setting commentary issued by state media.The report from the…

China’s central bank for the first time on Friday lambasted property giant Evergrande Group for its “poor management”, while saying the potential spillover effects to the financial system from a collapse of the developer are controllable.The comments from Zhou Lan,…

Some factories and industries in China will benefit from the Biden administration’s upcoming “targeted tariff-exclusion process”, but US policy is still more focused on supporting American companies than it is on strengthening bilateral trade, according to analysts.In a speech on…