SCMP China Business News

Chinese regulators have signalled concerns about the rapid appreciation of the yuan, calling on traders to refrain from one-way bets on the exchange rate.The People’s Bank of China (PBOC) on Thursday said the exchange rate cannot be used as a…

China is making Australia rich as record-breaking iron ore prices lift revenues for both miners and the Australian government, despite a long-standing bilateral political conflict, but Australia is unlikely to enjoy another decade-long mining “boom”, according to analysts and economists.Canberra,…

Pressure from the G7 to force China to change its economic behaviour is “doomed to fail”, and Beijing might simply choose to ignore it if external pressure continues to mount, experts said.On Wednesday, trade ministers from the Group of 7 (G7) –…

China’s central bank is trying to build trust in the data protection measures built into the nation’s sovereign digital currency, something analysts say is crucial for widespread adoption among its citizens.Mobile users in China are worried about having to share…

African swine fever remains a “major risk factor” for China’s pig production after the government this week was forced to step up its efforts to control a resurgence of the disease at home and in neighbouring countries.With concerns the African…

The “side effects” of aggressive economic stimulus policies in the United States and other developed countries have started to surface in the US stock market, China’s top financial regulator warned on Tuesday, saying officials in Beijing were “very worried” that…

Chinese food delivery giant Ele.me has apologised after its couriers accused the platform of setting impossible targets for holiday bonus pay.The company had tried to incentivise its couriers to stay put and continue working over Lunar New Year as the…