South China Morning Post - China Economy

The United States’ reported plan to ban foreign-made inverters – a move likely aimed at curbing reliance on China – would be difficult to implement and harmful to local industry, Chinese industry insiders have warned. Washington is working on a plan to ban foreign inverters – a vital component used in renewable power systems – over national security concerns, Reuters reported on...

The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainl...

China is trying to “infiltrate” the US-Mexico-Canada trade agreement via Mexican automotive investments, a US manufacturing trade group said, as Washington indicated it would not renew the agreement that comes up for review this month. However, analysts cautioned that full decoupling from China’s automotive industry remains difficult, given North America’s continued dependence o...

China’s Politburo called for “forceful” countermeasures against floods and droughts as El Nino effects exacerbate the impact of extreme weather events in the country. Local authorities should strengthen flood controls on major rivers, improve rescue capabilities and bolster management of water sources, the top decision-making body said after a monthly meeting on Tuesday chaired ...

Beijing has downplayed reports that the World Bank will phase out lending to China by 2031, with the Ministry of Finance noting that the nation’s advancing economy and changing development needs were shifting cooperation away from financing and towards knowledge sharing. “This is the natural result of changing domestic needs and the transformation of bilateral cooperation,” the ...