South China Morning Post - China 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...

China’s state asset regulator has ordered its central state-owned enterprises (SOEs) to double their basic research spending by 2030, seeking to incentivise some of the country’s largest companies into becoming long-term investors as Beijing works to build up sovereign technologies. At a recent meeting, the State-owned Assets Supervision and Administration Commission (SASAC) als...

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’s booming micro-drama sector is facing intensifying regulatory scrutiny, as Beijing launches a two-month campaign to crack down on “harmful, lowbrow and pirated” content in the industry. The National Radio and Television Administration (NRTA) said the clampdown would target eight types of content, including material harmful to children, sexually suggestive scenes, wealth-f...

The EU and China were due to hold talks to defuse escalating trade tensions after Europe voted last week to adopt a tough new approach. EU trade chief Maros Sefcovic was set to meet China’s top trade envoy, Li Chenggang, on the sidelines of an Organisation for Economic Co-operation and Development (OECD) meeting on Thursday, the South China Morning Post reported. Talks will focu...