President Xi Jinping must know property-related tax reform is needed, but party cadres with vested interests stand in his way. (Nikkei montage/Source photos by Yusuke Hinata)
China up close

Analysis: 'Chinese dream' gives way to an urban legend in Shenzhen

Real estate heartache leads to a tale of couples feigning divorce to get a loan

1 August 2024
Warren Buffett-led Berkshire Hathaway has drawn down its stake in BYD to less than 5%.
Equities

China EV price wars weigh on BYD, Japan automaker stocks

Chinese subsidies, improved quality add to headwinds faced by Nissan, Honda

1 August 2024
Japanese Prime Minister Fumio Kishida will meet in August with leaders from five Central Asian countries in Astana, the capital of Kazakhstan.
International relations

Japan builds ties in Russia's backyard with Central Asia summit

Tokyo to offer support for decarbonization and logistics in resource-rich region

1 August 2024
A drone from Chinese manufacturer DJI, a dominant player in the world's consumer drone market.
International relations

China revises drone export rules amid U.S., Western scrutiny

Beijing also lifts temporary export controls on some consumer drones Sept. 1

1 August 2024
Interior Minister Nancy Faeser attends the official opening of Germany's new national IT Security Center in Bonn during February.
Defense

Germany accuses China of 2021 cyberattack on cartography agency

Berlin alleges espionage, says hackers compromised individuals and companies

31 July 2024
A thermometer shows a temperature of 44C in Athens, Greece, on July 18.
Opinion

World should take note of a new trade and climate change deal

ACCTS agreement between 4 small nations is a practical model for all economies

31 July 2024
A steel mill in Hubei province. China's manufacturing activity declined for the third straight month in July as orders shrank.
Economy

China's factory activity shrinks for third month amid tepid demand

Stimulus measures have so far failed to revive business confidence

31 July 2024
Japan's Foreign Minister Yoko Kamikawa, second from right, attends the ASEAN Foreign Ministers' Meeting at the National Convention Center, in Vientiane, on July 27.
The Nikkei View

Multilateral cooperation needed to deter Beijing in South China Sea

China continues to claim vast maritime area with no legal basis

31 July 2024
China's Zhang Yufei competes during a heat in the women's 100-meter butterfly at the Paris Olympics on July 27. She has denied doping and said she hopes the many tests she took before the games would convince her peers.
Sports

Chinese swimmers' past positive doping tests haunt Paris Olympics

New revelations, blamed on tainted burgers, fuel fight between U.S. and world watchdogs

31 July 2024
Asia Standard Hotel Group, which runs hotels under the Empire brand, has revealed the financial impact of exposure to Evergrande bonds. (Source photos by Reuters and Kenji Kawase)
China debt crunch

Hong Kong hotel operator reveals investment losses from Evergrande bonds

Asia Standard's developer-dominated portfolio hit by two winding-up orders

31 July 2024
People take photos of characters from the Japanese manga series “Chiikawa” at a pop-up store in Hong Kong. (Photo by Echo Wong)
Tea Leaves

China's stressed young people find solace in Japanese manga

Struggles facing ‘Chiikawa’ characters resonate with youth amid economic slowdown

31 July 2024
While Southeast Asian retailers and manufacturers are seeking relief from what they see as unfair competition, government officials are trying to persuade Chinese companies to invest in local production, especially in high-tech sectors. (Illustration by Daniel Garcia)
The Big Story

Southeast Asia pushes back on cheap Chinese imports

E-commerce and EVs force balancing between tariffs and pursuit of high-tech investments

31 July 2024
Taiwanese President Lai Ching-te arrives to speak to a gathering of foreign lawmakers in Taipei on July 30, telling the conference Taiwan will work with others to protect democracy from "the threat of authoritarian expansionism."
Taiwan tensions

Taiwan president urges democracies to unite

Lai Ching-te makes the call at Taipei's largest gathering of foreign lawmakers

30 July 2024
A shopping complex in Chengdu, Sichuan province, China. The country's top leadership is calling for a boost in domestic demand, while keeping an eye on risk in sectors such as property.
Economy

China's Politburo calls for consumption boost to drive 2024 growth

Top leadership acknowledges 'many' risks, calls for acceleration of fiscal policies

30 July 2024
United Wa State Army (UWSA) soldiers march during a ceremony in Myanmar's Shan state in 2019. The group is a key player in the region bordering China.
Myanmar Crisis

China and neighbors pressure Myanmar as regime reels from battle losses

Resistance gains, deteriorating security prompt concerned countries to recalibrate

30 July 2024
China's e-commerce industry is searching for ways beyond low prices to attract shoppers and boost sales. 
Retail

For China's e-commerce platforms, low prices are no longer enough

Key sector is prioritizing sustainable sales growth

30 July 2024
China's new company law is aimed at strengthening protections for workers' rights.
Companies

China tells companies to put worker reps in boardrooms

New law bolsters employee protections under Xi's 'common prosperity' goal

30 July 2024
With China's domestic demand stagnant due to a prolonged real estate slump, foreign companies see diminished benefits to expanding into the country.
Business trends

China M&A deals down 45% in first half as economic slump continues

Tighter regulations at home and abroad make acquisitions harder to complete

30 July 2024
Fanuc machine tools at work at an Audi plant. (Audi)
Technology

Fanuc upgrades profit forecast on rebound in China orders

Japanese factory robot builder also gets boost from weak yen

30 July 2024
Though money has been flowing out of Chinese equities, Sumitomo Mitsui DS Asset Management anticipates growth over the long term.
Finance

Japan's Sumitomo Mitsui DS to launch first Chinese private fund

Stock-focused trust targets local investors in anticipation of long-term growth

30 July 2024
Self-driving vehicles from WeRide can be seen operating on the streets of Guangzhou. (Photo by Tomoko Wakasugi)
Automobiles

Chinese robotaxi operator WeRide files for U.S. IPO

Startup looks to raise up to $500m for expansion efforts

29 July 2024
Italian Prime Minister Giorgia Meloni met with Chinese President Xi Jinping on Monday. (Photo from Foreign Ministry spokesperson Hua Chunying's X feed)
International relations

China values ties with Italy, Xi tells Meloni

Both countries aim to reset relations through trade and other cooperation

29 July 2024
Hong Kong's premier shopping mall Harbour City. "The strength of the Hong Kong dollar," which is pegged to the strong U.S. dollar, has dealt a further blow to the city's retailers, a government spokesman says. (Photo by Shinya Sawai)
Retail

Hong Kong retail hit by Shenzhen rivalry, weak mainlander spending

Wharf REIC slips to net loss while major chains report double-digit sales declines

29 July 2024
A Country Garden construction site in Kunming, China, in September 2019. The embattled developer's wind-up case in a Hong Kong court has been adjourned until January 2025.
China debt crunch

China property winding-up sagas show difficulty of recovering assets

Country Garden gets six-month respite as other cases highlight 'enforceability' problem

29 July 2024
Hesai Technology is a top producer of lidar devices used in autonomous vehicles. (Photo by Wataru Suzuki)
Interview

China's Hesai CEO calls U.S. accusation of military ties 'ridiculous'

Auto lidar maker says Trump sounds 'crazy' but would bring 'business rationale'

29 July 2024