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South China Morning Post - Global Economy

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Factory of factories: China’s manufacturers join wave of overseas expansions

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. China, known as the “world’s factory” after decad...

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Germany’s China playbook: if you can’t beat them, partner up

German companies are accelerating efforts to partner with Chinese rivals, conceding in fresh survey results that the local competitors appear poised to seize the lead in global innovation. While business sentiment among surveyed German firms in China has seen a slight uptick, optimism has been tempered by fierce price competition and a nationalist “Buy China” push, according to ...

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1,900 China-Japan flights cancelled in December as political row continues

More than 1,900 flights from China to Japan scheduled for this month have now been cancelled, according to state media reports and travel experts, as a political dispute between the two nations over Taiwan grinds on. The figure represented more than 40 per cent of the flights from mainland China to Japan scheduled for December, Chinese state broadcaster CCTV reported on Monday, ...

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Beijing-Tokyo diplomatic feud dims Japan’s allure for Chinese wealth and talent

Some of China’s affluent middle class is unwinding bets on Japan, cashing out in real estate and shelving migration plans as a diplomatic stand-off invites a wait-and-see mood on the once-hot destination for capital and talent. The reversal follows escalating tensions sparked by Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan last month. Intermediaries report a surge ...

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China’s CSSC unveils plans for cruise, deep-sea and nuclear-powered vessels

China State Ship­building Corp (CSSC), the world’s largest shipbuilding conglomerate controlling one-third of the global market, has pledged to build more cruise ships, deep-ocean drilling ships and nuclear-powered vessels as part of efforts to diversify its portfolio, according to a senior executive. Assistant president Ma Yunxiang said on Monday the company’s growing strength ...

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