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South China Morning Post - Global Economy

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US’ Venezuela raid shows geopolitics is now a contest between economic blocs

The latest developments in Venezuela are interpreted as part of a broader US strategy to secure access to major oil resources. They are much more than that: the US raid signals a transformation in the global economy wherein a country’s power is increasingly determined not by its political actions, but by its capacity to embed resource wealth within a self-sustaining production s...


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Chinese electric vehicle makers set to ‘crack open’ Western markets as trade barriers fall

This year is likely to be a watershed one for the global drive by Chinese electric vehicle (EV) makers, as more Western countries open up their markets to high-performance made-in-China models. Despite low expectations for a hefty jump in overseas sales, EV assemblers like BYD and Geely are expected to get off to a strong start in some of their untapped markets, honing their ima...


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China’s cosmetics brands, stepping out of K-beauty’s shadow, set sights on global markets

Like many of her classmates, Xie Roumei, a 28-year-old accountant from China’s Fujian province, started using South Korean cosmetics in high school – a preference she carried into her twenties. Most of the eye make-up and beauty products she uses are still Korean, Xie said – a loyalty that has helped turn its cosmetics industry into a global powerhouse, with exports rivalling th...


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As Trump urges cap on credit card rates, could China follow suit for online loans?

US President Donald Trump’s call for American credit card interest rates to be capped at 10 per cent for a year has sparked a debate in China about whether Beijing should impose a similar limit on online loans. The discussion comes as many in China – especially younger people – are being enticed by credit offers amid a weak job market and a boom in online loan services. “Apps no...


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Key voices missing in chorus of criticism of Trump’s destructive actions

Amid the rising chorus of criticism of US President Donald Trump and his administration’s egregious policy actions, the voices of multilateral institutions have been sadly muted. These internationally owned and supposedly independent bodies appear to be running scared of losing their access to US funding, but the greater risk for them is a loss of credibility if they continue wi...


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