A Chinese firm jointly runs this antimony mine in Tajikistan. China produces 48% of the rare metal globally.
Commodities

Antimony, gallium prices soar as China widens rare-metal export curbs

Buyers scramble to stock up on minerals amid uncertainties over tighter controls

30 August 2024
Bottles of drink are displayed at Remy Cointreau's Paris headquarters. France accounted for 99% of China's brandy imports in 2023.
Trade

China will not impose anti-dumping measures on EU brandy, for now

European producers remain concerned tariffs could still come in future

29 August 2024
India lowered import tariffs on gold and other metals from 15% to 6% in July.
Commodities

Gold buying soars on India tax reforms as prices near record high

Central banks in emerging markets also increase purchases on geopolitical concerns

29 August 2024
Deng Xiaoping and Xi Jinping. A Xinhua commentary in July appeared intended to muddy the waters as to who should be credited with the reforms that helped China build the world's second largest economy. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: Elders stay faithful to Deng over 'reformer Xi Jinping'

Summer rebellion forces Xinhua to delete a commentary that rewrote party history

29 August 2024
This government building in Chengdu has turned off escalators to conserve power. (Qingyang District Government)
Climate Change

Extreme heat in China triggers power warnings, factory stoppages

Shopping centers and supermarkets turn off air conditioning during peak hours

29 August 2024
Canadian Prime Minister Justin Trudeau's government has imposed a 100% tariff on Chinese electric vehicles, matching U.S. duties, and Trudeau said Canada also would impose a 25% tariff on Chinese steel and aluminum.
Trade war

China accuses Canada of protectionism over 100% tariffs on electric vehicles

Commerce Ministry says Beijing will take any measures needed to defend Chinese companies

27 August 2024
Children from a kindergarten read at a public library in Yantai in eastern China's Shandong province. The number of children enrolled in preschool education fell by 5 million in 2023 to 40.92 million, the lowest figure since 2014. (FeatureChina via AP)
Asia Insight

China's kindergarten closures foreshadow economic hit from falling births

20,000 schools shut in two years; Beijing seeks urgent solutions as workforce shrinks

27 August 2024
A notice in China's Liaoning province warns of fines for violations such as blocking passageways for the visually impaired. (Photo by Kohei Fujimura)
Economy

Cash-strapped Chinese cities bring in over $50bn from fines

Penalties from traffic violations to unwashed dishes aim to offset lost land revenue

27 August 2024
Indonesian and American soldiers will take part in Super Garuda Shield joint training exercises in Java and Sumatra this week. 
Your Week in Asia

Indonesia-U.S. maneuvers, BHP earnings, Indian economy data

Your weekly lineup of Asia's biggest business and political events

25 August 2024
Seafood at a market in Shanghai in August 2023. (Photo by Tomoko Wakasugi)
Trade

China has turned to South America since banning Japan seafood a year ago

Beijing adopted policy in response to release of wastewater from Fukushima plant

25 August 2024
New Gwadar International Airport, set to be Pakistan's largest air hub by size, was built with a $246 million grant from China. (Screenshot from New Gwadar International Airport's Facebook page) 
Transportation

Pakistan delays China-funded airport opening over security fears

Critics say $246m 'vanity' project risks turning into a white elephant

23 August 2024
Demand for machine tools has been strong in China and North America, but has sputtered in Europe and Japan. (Photo by Takuro Hosoda)
Business trends

Japan machine tool orders rise in July on Chinese demand

Exports buoyed by Beijing's subsidies, offsetting weak home market

23 August 2024
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
The Fuqing Nuclear Power Plant in China's Fujian province. China has built 39 reactors over the past decade. (Fuqing Nuclear Power Plant)
Energy

China and Russia drive global nuclear power capacity to record high

With as many reactors as France, China is building more while pursuing new tech

22 August 2024
BYD cars are unloaded at a port in Germany: Chinese EVs will be subject to additional tariffs, on top of an existing 10% duty, once an anti-subsidy investigation is finalized on Oct. 30. 
Trade war

China probes dairy imports following EU's EV probe update

Tariffs on Chinese brands slightly adjusted in Europe's latest decision

21 August 2024
Profit margins at Chinese commercial banks have hovered around a record low for months.
Economy

China lending at 15-year low as central bank holds rates

Real estate slump continues to squeeze financing demand

21 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
Indian Prime Minister Narendra Modi, left, and Chinese President Xi Jinping meet on the sidelines of the G20 summit in Osaka in 2019.
Economy

India economic report card triggers debate over China investment

Influential annual review encourages Delhi to loosen FDI rules to boost growth

20 August 2024
Attendees at the latest Financial Working Group pose for a photo in Shanghai. (People's Bank of China)
Economy

U.S., China agree to work more closely in times of financial stress

The fifth Financial Working Group meeting concluded as trade tensions rise

20 August 2024
Wagons filled with iron ore enter Rio Tinto's railyard near Karratha, 1,250 kilometers northeast of Perth, Australia, on Oct. 20, 2023. Australia shipped $138 billion of iron ore in the year through June.
Commodities

Australia warns of $2bn budget hole as iron ore slumps on China woes

Concerns elevated after bleak outlook from largest steelmaker

19 August 2024
Container ships at Qingdao port in China's Shandong province.
Caixin

China shippers face diverging fortunes in global and domestic waters

Ocean freight rates surge with tight capacity, while local market descends into price war

17 August 2024
About 1 billion packages arrived in the U.S. duty free through the de minimis law in the first half of 2024, according to customs authorities.
Trade war

U.S. lawmakers push for clampdown on tariff-dodging Chinese imports

Proposals include tightening 'de minimis' import rules, stronger enforcement

17 August 2024