A senior official at the People's Bank of China wants the country's financial institutions to open more branches overseas to better serve Chinese companies.
Caixin

China central banker pushes banks to expand along Belt and Road

More branches could ease yuan transactions and internationalize currency

29 September 2023
Saudi Arabia has reduced oil production since July, while Russia began curbing exports in August.
Commodities

Unexpected China demand, output cuts behind surge in oil prices

Inflation fears grow as futures flirt with $100 per barrel

29 September 2023
Wind turbines in Calahorra, Spain: Europe's biggest challenge lies in manufacturing the super magnets essential for sophisticated systems like electric vehicles and wind turbines.
Opinion

Europe can go green and rely less on China at the same time

Bloc must 'de-risk' clean energy supply chains to reduce dependence

28 September 2023
Seafood at the Hamanoeki Fish Market and Food Court in Soma, Fukushima prefecture, Japan, on Aug. 31.
Trade

Japanese seafood exports to China slumped 76% in August after ban

Beijing barred imports after release of treated Fukushima water; Tokyo says it is safe

28 September 2023
Tourists in Shanghai on Sept. 24: China's upcoming holiday period is expected to spur mainly domestic travel.
Economy

China's Golden Week to fuel domestic tourism as foreign travel lags

Hotel reservations up as businesses hope for jolt from eight-day holiday

28 September 2023
Property woes, trade friction with U.S. are among concerns about China for Japanese companies.
Business trends

China risk growing, say 60% of Japan's corporate heads: poll

Majority also aim for target of double-digit return on equity

28 September 2023
Lawyers and legal recruiters say recent redundancies at law firms highlight not only the downturn in the market but also the reliance of top international companies on Chinese activity.
Business trends

Law firm layoffs rise in Hong Kong as China business slows

Beijing's focus on security curbs dealmaking, with less work for lawyers

26 September 2023
An atmosphere of caution has made its presence felt among property equities in Asia as a state of depression sinks in. (Nikkei montage/Source photo by Reuters) 
Market Spotlight

China property crisis holds Singapore, Hong Kong REITs back

Asia's real estate shares suffer doldrums as investors tread cautiously

25 September 2023
A customer looks at pork at a market in Beijing in July. That month, the Chinese government said it had added 20,000 more tonnes to the national reserves.
Food & Beverage

China's pork prices climb after government tops off reserves

Futures jump more than 20% from July, following bulk purchases by Beijing

24 September 2023
A tall Mao Zedong statue stands in Houbaligou village's central square against the backdrop of high-rise buildings. (Photo by Yukio Tajima) 
Economy

China village lures young workers with perks in transformation push

Village in Shandong province defies odds to become model for rural development

24 September 2023
High-rise apartment buildings under construction in Guangzhou in September 2021: Local governments in China are easing restrictions to lift the slumping housing market. (Photo by Yusuke Hinata)
Caixin

China's Guangzhou eases homebuying curbs to boost sales

For some districts, limits on number of home purchases no longer apply

23 September 2023
U.S. Treasury Secretary Janet Yellen met with China's Vice Premier He Lifeng in Beijing in July.
US-China tensions

U.S., China to launch economic and finance working groups

Dialogue forum established to avoid unexpected clashes

22 September 2023
A recently erected ChinaAid sign stands in front of Laos' national monument in Vientiane. (Photo by Alastair McCready)
Economy

Laos debt at 'critical level' with China payments still opaque

Economists say ASEAN nation obscuring true scale of crisis

22 September 2023
Unease about China's economic outlook has spurred investors to shift out of the market.
Bonds

China's short-term bond yields climb in defiance of rate cuts

Capital flight and corporate rush for financing outweigh central bank moves

22 September 2023
Pylons and power lines are seen in Beijing. China's new electricity spot market rules are expected to boost its power grid to accommodate more renewable energy.
Caixin

China issues nationwide rules for electricity spot market

First unified standards also aim to smooth interprovincial power trade

21 September 2023
Chinese President Xi Jinping faces mounting economic headwinds.
Comment

Xi Jinping faces impasse in jump-starting China's economy

Attempts at structural reforms frustrated by economic setbacks

21 September 2023
China's investments into ASEAN rebounded last year despite slowing domestic growth. (NIKKEI montage/Source photos by AP)
Belt and Road

ASEAN to stay priority for China's BRI investment despite slowdown

Beijing views Southeast Asia as geopolitically important to counter U.S. influence

21 September 2023
Chinese tourists take a photo in front of the Imperial Palace in Tokyo. Visitors from China are down more than 80% from pre-COVID numbers this year.
Travel & Leisure

40% of Japan tourism companies see no China rebound until 2024: poll

Weak Chinese economy, too few flights blamed for slow post-COVID recovery

21 September 2023
China's real estate market shows little sign of emerging from its two-year slump. (Photo by Iori Kawate)
US-China tensions

China puts priority on tech race with U.S. over economic growth

Government stimulus measures are small while chip and EV sectors get assistance

21 September 2023
A container terminal in Tokyo. Japan's exports to China dropped for a ninth consecutive month in August. (Photo by Yo Inoue)
Trade

Japan's China-bound exports dropped 11% in August

Shipments to key trade partner declined for 9th consecutive month

20 September 2023
A construction site of Chinese developer Country Garden, in Tianjin, China. Weakness in China's property sector is weighing on regional growth prospects.
Economy

ADB trims developing Asia growth outlook on China risk

ASEAN economies also hit by softening demand for exports

20 September 2023
The latest survey by the American Chamber of Commerce in Shanghai found 52% of 325 respondents expressed optimism over the business outlook in China for the next five years -- the lowest level recorded.
International relations

China 'mixed messages' dent foreign business confidence: chambers

U.S. and European bodies highlight uncertainty over laws, data access

19 September 2023
A construction site in Tianjin for apartments by Country Garden, a Chinese developer whose debt problems have emerged recently.
Economy

China real estate will pull out of slump in 2024-25: economist

Economy needs 3 years, more fiscal spending to recover, think tank researcher says

19 September 2023
A worker unloads palm oil fruit bunches at a factory in Tanjung Karang, Malaysia. Profits at Malaysian palm oil companies have been plummeting.
Trade

Malaysia to double palm oil exports to China, dodge EU restrictions

The two Asian nations sign infrastructure investment deals worth $4.2bn

18 September 2023
The China-ASEAN Expo in Nanning, China: Southeast Asian traders brought durian and teak, while Chinese companies showed off heavy machinery and electric vehicles. (Photo provided by the China-ASEAN Expo) 
Trade

China vows to boost Southeast Asia imports as growth slows

ASEAN countries seek to boost trade ties as Sino-U.S. tensions rise

18 September 2023