China News

Foreign and mainland Chinese drug makers are fighting for a multibillion-dollar slice of the domestic weight-loss market by slashing prices by as much as 80 per cent, as China faces a worsening obesity crisis. Competition in the sector, dominated by global pharmaceutical giants Novo Nordisk and Eli Lilly, intensified after both secured obesity-drug approvals in China in 2024. The landscape is set to shift further when the patent on Novo Nordisk’s semaglutide expires in March in China, opening...

From China - South China Morning Post via This RSS Feed.

US President Donald Trump on Monday announced sweeping new tariffs targeting nations maintaining commercial ties with Iran. Effective immediately, the US will impose a 25 per cent tariff on all goods and services imported from any country that “does business” with Iran, Trump said in a social media post. The president characterised the order as “final and conclusive”. While the order is global, it is expected to hit major economies, specifically China and India, the hardest, given their...

From China - South China Morning Post via This RSS Feed.

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. In the days since Washington’s ousting and abduction of former Venezuelan president Nicolas Maduro – an event that sent shock waves through global markets – some...

From China - South China Morning Post via This RSS Feed.

The Ukraine war and Donald Trump’s return to the White House have significantly altered northeast Asia’s geopolitical landscape. North Korea’s defence treaty with Russia and leader Kim Jong-un’s decision to deploy troops to support Moscow have shattered any remaining illusions of strategic restraint. While Russia is believed to be supplying North Korea with finance and technology, Japan and South Korea are accelerating military spending and preparing for long-term confrontation, potentially –...

From China - South China Morning Post via This RSS Feed.

Two China-flagged supertankers that were ‌sailing to Venezuela to pick up debt-paying crude cargoes ‍amid the US oil embargo on the Opec country have made U-turns and are now heading back to Asia, LSEG shipping data showed on Monday. Following the US announcement last week of a US$2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, US President Donald Trump said China would not ‍be deprived of Venezuela’s crude. But the Asian country, the first market of the...

From China - South China Morning Post via This RSS Feed.

Argentine President Javier Milei said he intends to travel to China in 2026, confirming the plan at a moment when the United States is stepping up pressure on Buenos Aires to scale back its relations with Beijing. Milei made the remarks in an interview with the local newspaper Clarin that was published on Sunday. Asked whether the trip was still on his schedule, he said it was and framed the visit as part of Argentina’s wider commercial agenda rather than a political signal. “We have a very good...

From China - South China Morning Post via This RSS Feed.

Integrated space-air fighters featured in China’s Nantianmen science-fiction project, represent the future of aerospace technology, and it is only a matter of time before they are realised, according to state media. The comments appeared on Friday in a programme on CCTV’s military channel that repositions the Nantianmen Project – a research initiative dating back to 2017 that focused on future air and space warfare – from a collection of fantasy concepts to attainable future tech. In the...

From China - South China Morning Post via This RSS Feed.

Fears of China choking off exports of critical minerals to Japan amid a deepening political dispute have set off industry alarms and prompted Tokyo to elevate the issue at a G7 gathering of finance ministers this week, despite Beijing’s assurances that civilian trade would be spared. Japanese Finance Minister Satsuki Katayama said last week that she would attend the Group of Seven event in Washington on Monday with the “risk of a rare-earth-supply interruption from China in mind”, the...

From China - South China Morning Post via This RSS Feed.

Chinese President Xi Jinping has said there must be no room for corrupt elements to hide as he warned that the problem was a threat to the country’s development. On Monday, he told a plenary session of the Central Commission for Discipline Inspection (CCDI) – China’s top anti-corruption body – that the country had made notable progress last year, but the issue remained a “major struggle”. “Corruption is a stumbling block and obstacle to the development of the [Communist] party and the country,...

From China - South China Morning Post via This RSS Feed.

Taiwan’s legislature is weighing amendments to an anti-infiltration law that would impose a minimum one-year prison term on Beijing-linked influence and infiltration activities, while critics have raised concerns about tighter social controls. The proposed changes to the Anti-Infiltration Act, under review by the legislature’s Interior Affairs Committee on Monday, come six years after the law took effect. They also come amid growing concerns within the government that prosecutions have resulted...

From China - South China Morning Post via This RSS Feed.

High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6 per cent last year to rank second among China’s 10 top-performing large hedge-fund firms. According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5 per cent in 2025. All the top performers were quantitative hedge funds, underscoring the popularity in China of using complex...

From China - South China Morning Post via This RSS Feed.

Europe made a “misjudgment” in categorising Russia as its top security threat and instead the continent’s real danger lay in Europeans’ inner “demon”, according to China’s longest-serving ambassador to the US. Cui Tiankai, a former Chinese foreign vice-minister, also claimed Nato had outlived its relevance and argued that the transatlantic security alliance no longer served the long-term interests of its members. Cui’s comments came during a discussion examining US relations with its allies...

From China - South China Morning Post via This RSS Feed.

China has made strengthening export control rules and safeguarding supply-chain resilience top priorities this year, as officials move to secure the nation’s economic interests amid rising geopolitical friction. The Ministry of Commerce said it would enhance legal frameworks and risk prevention and tighten the “safety net for opening up” as one of eight core work areas, according to a statement released on Sunday after its annual work conference in Beijing. China has increasingly used export...

From China - South China Morning Post via This RSS Feed.

China has voiced opposition to the use of force in the Middle East as US President Donald Trump threatened to strike Iran over escalating protests there. Chinese foreign ministry spokeswoman Mao Ning on Monday said Beijing hoped Iran’s government and its people would overcome “current difficulties” and uphold stability in the country. “We always oppose interference in other countries’ internal affairs,” she said at a press conference, responding to a question about Trump’s threats to attack...

From China - South China Morning Post via This RSS Feed.

Human migration is as old as history and as current as today’s headlines of law enforcement operations and tragedy. Amid the encounters, the question remains: how do strangers become a single people? Today, more than 90 per cent of China’s population identifies as Han Chinese, despite centuries of migration and upheaval. Historians once credited this unity to strong rulers, uniform writing and Confucius. But archaeologists in China are finding the answer in the bowl rather than the sword or pen....

From China - South China Morning Post via This RSS Feed.

Authorities in Mogadishu had cleared the roads for a historic visit, yet on Friday Chinese Foreign Minister Wang Yi travelled to Tanzania instead of his planned visit to Somalia. It would have been the first high-level Chinese mission to Mogadishu in four decades. The last-minute decision not to include the capital on Wang’s itinerary came as Somalia seeks shows of diplomatic support after Israel recognised the breakaway region of Somaliland last month. A source at the presidential palace told...

From China - South China Morning Post via This RSS Feed.

China has vowed to deepen cooperation in new energy and green minerals with the nations in the Global South, saying the move is in line with their industrial goals and a step towards further advancing Beijing’s economic opening-up, according to the latest front-page commentary in the Communist Party’s official newspaper. “Amid profound changes in the global environment, [China’s commitment to further opening up] underscores our confidence and responsibility in upholding openness and win-win...

From China - South China Morning Post via This RSS Feed.

Alibaba Cloud’s flagship Qwen family of artificial intelligence models surpassed 700 million downloads as of January on the developer platform Hugging Face, which made it the world’s most widely used open-source AI system. According to research published on Friday by consultancy AIBase, citing data from Hugging Face, estimated Qwen downloads as of December alone exceeded the combined total of the next eight most popular models on the platform globally, including those from Meta Platforms and...

From China - South China Morning Post via This RSS Feed.

Reported discussions between Riyadh and Islamabad over a potential deal involving fighter jets co-developed by China and Pakistan could be a “big win” for Beijing’s arms exports to the Gulf region, analysts said. However, doubts remained over whether such an agreement would actually proceed on the grounds that the JF-17 was in such marked contrast to Saudi Arabia’s Western-centric air force. A Reuters report on Thursday that cited two Pakistani sources said Islamabad and Riyadh were in talks for...

From China - South China Morning Post via This RSS Feed.

Chinese researchers have released the world’s first software for lunar timekeeping, a tool designed to support precise navigation and landings as a new global race to the moon gathers pace. Clocks tick faster on the moon than on Earth due to weaker gravity – by about 56 millionths of a second per day. The effect, predicted by Albert Einstein’s theory of general relativity, is tiny but accumulates over time, making Earth time increasingly unreliable for lunar operations. To address this, a team...

From China - South China Morning Post via This RSS Feed.

China’s artificial intelligence efforts are unlikely to catch up with the United States in the near term despite making significant headway in recent years, according to the country’s leading AI researchers. The comments at a major industry conference in Beijing on Saturday underscored the gap between the two countries in semiconductor chips and chipmaking equipment, key resources for building out the infrastructure needed for developing cutting-edge AI models. Lin Junyang, technical lead of...

From China - South China Morning Post via This RSS Feed.

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. Chinese national Steve Xie has been doing business overseas for years. His latest venture, a new warehouse in Egypt, will supply electric vehicles and auto parts to...

From China - South China Morning Post via This RSS Feed.

In today’s chaotic world, we can sum up the shift in the global economy and geopolitics with a single number: 1 trillion. The year 2024 will be remembered as the first time in history that a national government’s interest payments on its debt exceeded US$1 trillion, according to data from the Federal Reserve Bank of St Louis. Despite US President Donald Trump’s pledge to cut federal spending and his aggressive global trade war, the United States is now adding US$1 trillion in national debt every...

From China - South China Morning Post via This RSS Feed.

Mainland China’s retail and retail property sectors have suffered another blow amid a fresh wave of store closures by foreign and Hong Kong brands. “The series of closures come as a combined result of their outdated business models and profound changes in the macroeconomic environment,” said Wang Tianshi, an analyst at Shanghai-based LeadLeo Research Institute. “Compared with emerging mainland retailers, Hong Kong and foreign brands often remain under a ‘selling on the mainland’ phase, rather...

From China - South China Morning Post via This RSS Feed.

Zheng Yongnian is a leading Chinese political scientist and government adviser, with a focus on the country’s transformation and foreign relations. In his third interview for the Open Questions series, Zheng discusses the “Donroe Doctrine” and its implications for the existing world order – and an emerging one. For other interviews in the series, click here. On Venezuela, you have noted that the US pivot to Latin America could reshape the regional order and that Donald Trump’s warnings to other...

From China - South China Morning Post via This RSS Feed.