Beijing has committed to expanding imports and leveraging its vast market to help other countries increase exports to the world's second-largest economy, aiming to balance global trade. As China's export sector faces growing international scrutiny, officials plan to diversify markets and develop new trade drivers such as artificial intelligence to stabilize trade amid mounting geopolitical pressures on global supply chains.
China's top economic officials unveiled a package of policies to support the technology sector at a press conference in Beijing. The measures include deepening reforms to ChiNext, China's start-up board, streamlining refinancing procedures, and boosting demand for high-tech products. Officials emphasized that technological innovation requires substantial investment, extended development cycles, and carries significant risks, aiming to create a more flexible and inclusive fundraising ecosystem.
China's central bank governor Pan Gongsheng stated Friday that Beijing has neither the need nor intention to gain competitive trade advantages through yuan depreciation. The remarks come as the currency has recently appreciated amid mounting pressure from trading partners for further strengthening. The statement precedes a new round of trade negotiations and clarifies China's position on exchange rate policy.
Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), announced on Friday a comprehensive plan to strengthen corporate governance, enhance investor returns, and develop globally competitive companies. The initiative aims to reinforce confidence in China's capital markets by improving the authenticity and investability of listed companies, addressing investor concerns about market stability and transparency.
China’s top economic officials held a press conference on the sidelines of the “two sessions” – the ...
SCMP.com will carry a live blog of the foreign ministry’s “two sessions” press conference on Sunday ...
Analysts warn that escalating US-Israel military actions against Iran could push oil prices higher, creating a fiscal squeeze for Indonesia. The increase would inflate the country's fuel subsidy expenditure at a time when global ratings agencies and investors are scrutinizing Jakarta's monetary discipline. Policymakers face a difficult dilemma: maintain fuel subsidies and risk breaching the legal deficit ceiling, potentially unsettling investors further, or cut subsidy funding to keep the budget within limits.
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Escalating Middle East tensions have caused flight cancellations, airport closures, and increased travel hesitancy. Despite disruptions affecting thousands of flights and prompting a 'wait-and-see' approach among travelers, Malaysia's tourism industry remains confident. Officials believe the country's diversified visitor base will help mitigate potential impacts on the Visit Malaysia 2026 campaign.
Rising gold prices amid Middle East tensions have boosted precious metal trading in Hong Kong. Spot gold reached US$5,165 per ounce on Thursday, below January's peak of US$5,594.82 but near historic highs. Residents are selling valuables for cash while retailers report twice as many customers buying gold bars and pellets. US-Israel strikes in Iran have stoked safe-haven demand, triggering increased trading activity across the territory.