SCMP China Business News

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…

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,…