South China Morning Post - China Economy

Tariffs of up to 100 per cent that Washington has announced on imported drones would result in a “lose-lose outcome” for the United States and China, analysts said, as the technology is increasingly taking centre stage in the countries’ tech and trade rivalry. The new levies will further complicate manufacturers’ efforts to shift production to third countries or regions, where s...

SMIC, China’s biggest contract chipmaker, is planning to boost capacity after beating earnings expectations amid the artificial intelligence (AI) boom. Demand is “far exceeding our previous expectations”, so the company is adjusting expansion plans and may add more equipment at existing sites, chief executive officer Zhao Haijun said on an earnings call on Friday. He didn’t prov...

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China’s central bank, the People’s Bank of China (PBOC), released its first stand-alone five-year plan in at least a decade on Monday, focusing on measures to build the country into a financial powerhouse. These are its key points: 1. Optimise monetary policy architecture Refine market-driven interest rate and exchange rate mechanisms Keep the yuan exchange rate basically sta...

A shipyard in China that halted construction of new vessels eight years ago is staging a full comeback this year as global demand shifts towards small and medium-sized tonnage over ultra-large container ships. Founded in the 1950s, Qingshan Shipyard, located on the Yangtze River in Wuhan in the central province of Hubei, was once a leading domestic manufacturer of chemical tanke...