South China Morning Post - Global Economy

EU trade chief Maros Sefcovic has called for practical approaches and “meaningful discussion” to tackle the growing trade concerns between Brussels and Beijing, following his meeting with China’s chief international trade negotiator, Li Chenggang, on the sideline of a ministerial meeting at the Organisation for Economic Cooperation and Development (OECD) in Paris. Sefcovic opene...

Leading Chinese carmakers like BYD and Chery Automobile are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for electric vehicles (EVs). Chery, which spearheaded the go-global drive among mainland China’s automotive groups and is the country’s largest car exporter, delivered three times as many cars overseas as at h...

China has rejected a recent OECD report that said its firms receive far higher government subsidies than international peers, calling the findings “one-sided and arbitrary” at a time when EU concerns over Beijing’s industrial policy are intensifying. “The report’s definition of ‘subsidies’ lacks a unified standard and statistical framework, and deviates from consensus under mult...

An initiative designed to tackle inequality and climate change could benefit China by reinventing global financial and trade institutions and liberating countries from constantly chasing trade surpluses and foreign reserves, French economist and inequality specialist Thomas Piketty said. A report by Piketty and fellow researchers at the World Inequality Lab that was published on...

Economic security has become a term of art, defining the national economic and trade policies of many countries in recent years. Under this concept, nations have adopted a wide range of measures to protect their respective geopolitical and geoeconomic interests. While these policies and measures vary, they consistently take the form of unilateral or bilateral actions aimed at pr...