The excitement of Xi Jinping's Belt and Road, announced in 2013, convinced a developer to build an island and city off the coast of Malaysia. Now China's property sector woes have left investors in unbearable financial straits. (Nikkei montage/Source photos by Yusuke Hinata and Reuters)
China up close

Analysis: Xi Jinping's Belt and Road leaves Malaysia with a 'ghost' island

Forest City project in Johor remains in limbo as Beijing prepares for key meeting

13 June 2024
A BYD container ship at the German port of Bremerhaven. The European Commission is poised to slap import tariffs on Chinese EVs. 
Trade war

EU slaps additional duties of up to 38% on Chinese EVs

Beijing threatens retaliation as negotiations begin to avoid application of new tariffs

13 June 2024
China's online shopping festival is losing momentum after a strong start, analysts said, indicating mixed signals over a recovery in consumer demand. (Photo by Ken Kobayashi)
Economy

China online sales event starts strong, but shows signs of slowing

May consumer inflation rises 0.3%, highlighting soft economy

12 June 2024
The Group of Seven countries are holding a summit for three days in Italy starting on Thursday.
International relations

G7 leaders set to highlight Chinese overproduction

Japanese government sources say issue to be discussed at Italy meeting

12 June 2024
Japanese chipmaking equipment remains in high demand in China. (Photo by Masayuki Kozono)
Trade

China accounts for half of Japan's chipmaking equipment exports

Demand for less-advanced products keeps trade brisk after tech curbs

12 June 2024
Drivers push auto rickshaws in a line to buy gasoline from a fuel station in Colombo, Sri Lanka, in July 2022 amid an economic crisis.
Economy

Developing countries face record interest payments as rates rise

Growing debt burden casts shadow over global economic outlook

12 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024
Chinese President Xi Jinping, right, and Pakistani Prime Minister Shehbaz Sharif greet each other at the Great Hall of the People in Beijing on June 7.
International relations

China rebuffs Pakistan's Sharif on new BRI investment

Islamabad hoped Beijing visit would breathe new life into infrastructure deals

11 June 2024
Reports and analyses hewing to the notion that demography is destiny argue that due to falling births, China will soon be left without workers to run its factories and offices.
Opinion

Japan-style fixation on population decline won't help China

Policymakers need to focus on demand shortfalls and boosting consumption

11 June 2024
Staffers handle the coffin of the late Iranian President Ebrahim Raisi during his burial ceremony in the holy shrine of Imam Reza on May 23.
Your Week in Asia

Iranian presidential race, Chinese inflation, BOJ policy meeting

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

9 June 2024
Russian President Vladimir Putin delivers a speech at the St. Petersburg International Economic Forum on June 7.
International relations

Putin woos China and India investment to build sanctions resilience

Russia president highlights diversifying trade and calls for stronger capital market

8 June 2024
Attempts to hold China back in the production of "legacy" chips face long odds.
Opinion

China 'legacy' chip fears best addressed with targeted measures

Focus on EVs and other areas of concern more workable than broad import ban

7 June 2024
Workers load steel products for export at a port in Lianyungang, in China's Jiangsu province. (China Daily via Reuters)
Trade

China exports jump 7.6% in May as trade curbs loom

Imports rise 1.8% in dollar terms, below expectations

7 June 2024
Some 50 years after the first modern-day Japanese convenience store opened in Tokyo, players like 7-Eleven need expansion in countries such as Thailand, pictured above, as their domestic market is set to shrink.
Business Spotlight

Japan's convenience store chains chase elixir of growth across Asia

Indonesia, Thailand, China in focus as retailers face aging, shrinking home market

7 June 2024
For a brief moment, it appeared that the yuan might challenge the "exorbitant privilege" that the U.S. enjoys thanks to the dollar's status as the world's primary reserve currency.
Opinion

Discomfort with the dollar hasn't gotten much beyond grumbling

Interest in yuan as reserve currency has faded despite growing trade use

7 June 2024
High-rise condominiums outside Beijing. Many cities are grappling with an oversupply of housing. (Photo by Mizuho Miyazaki)
Property

China curbs housing development to fight supply glut

Land sales restrictions could hit 40% of big cities, hurting key income stream

7 June 2024
XPeng's eVTOL flying car X2 makes its first public flight in Dubai in October 2022. The Chinese city of Guangzhou is set to invest in infrastructure for the "low-altitude economy."  
China tech

China's Guangzhou to invest $1.4bn in flying car infrastructure

City envisioned as hub for 'low-altitude economy'

4 June 2024
Workers assemble electric vehicles at Li Auto's manufacturing base in Changzhou, in China's Jiangsu province, in December 2023.
Asia Insight

China's underutilized factories fan export dump fears in U.S. and Europe

As trade partners raise tariffs, Beijing faces pressure to keep workers on job

4 June 2024
Russian President Vladimir Putin and Chinese President Xi Jinping meet in Beijing on May 16. (Pool photo via Reuters)
Ukraine war

Russia trade isolation grows as Chinese banks cut payments

As U.S. sanctions target Ukraine war aid, Moscow's China imports shrink by 10%

4 June 2024
A damaged bus at the scene of a suicide bomb attack that killed five Chinese nationals in Pakistan on March 26.  
Terrorism

Pakistan beefing up security after deadly attacks on Chinese workers

Islamabad under pressure to ease Beijing's concerns amid future investment fears

3 June 2024
An incomplete Country Garden project in Shanghai in February: Approximately 9 million presold homes are at risk of nondelivery to buyers.
Opinion

More muscle will be needed to turn China's property market around

Stock buying sentiment has improved but homebuyers need more convincing

3 June 2024
Chinese students gathered in Beijing's Tiananmen square on May 4, 1989, despite official warnings against entering the area.
Your Week in Asia

Tiananmen 35th anniversary, India election results, Samsung strike

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

2 June 2024
In 2022, China’s population fell for the first time in 61 years, with the elderly -- aged 65 and older -- making up 14.9% of the overall population.
Caixin

China's pension plan faces prospect of change or going bust

Demographic shifts make system unsustainable as number of retirees climbs

2 June 2024
A solar farm in Cestas, France. The overcapacity of solar panel production has been a particular problem for European manufacturers.
Energy

China solar panel glut squeezes European suppliers as prices plunge

With plants closing, EU industry groups warn of bankruptcy risk without support

1 June 2024
A cargo ship is docked at a port in Keelung, Taiwan, in January 2022. Taiwan and China signed a pact in 2010 that introduced favorable duties for both sides.
Taiwan tensions

Taiwan protests as China strips preferential tariffs on 134 products

Minister calls move a 'political maneuver' to pressure Taipei

31 May 2024