South China Morning Post - China Economy

One of the world’s largest online travel agencies expects to attract 200 million visitor arrivals to China over the next five years, helping to boost economic growth and reduce the country’s services trade deficit, according to domestic media reports. James Liang, board chairman of online travel agency Trip.com, said the projected influx would help turn China into the world’s to...

Beijing’s decision to block Meta Platforms’ proposed acquisition of artificial intelligence firm Manus should not be seen as a restriction on foreign investment, Chinese state media said, urging companies in the sector to “go global when ready” and “pursue partnerships where appropriate”. “What stands out from Meta’s Manus deal is that the AI industry is transcending simple comm...

Chinese investment in the US is unlikely to recover meaningfully from its mid-2010s collapse even if President Xi Jinping and US President Donald Trump reach a bilateral deal when they meet in Beijing next month, according to a report released on Thursday. Rhodium Group, an American research firm that tracks China’s cross-border investment, said Chinese foreign direct investment...

Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth ...

China’s national aviation regulator has signed new partnership deals with its counterparts in Hong Kong and Macau to accelerate type certification for the country’s widebody airliner, the C929, which is being developed to take on mainstream models from Boeing and Airbus. Building on the cooperation framework established for the home-grown narrowbody C919, the Civil Aviation Admi...