Month: September 2025

Long after the Tiananmen Square incident in 1989, Westerners and, secretly, even some within China, were thinking that if the communist country was going to follow the decline and fall of the Soviet Union, the crackdown would have been the trigger. Advertisement But history is full of surprises. Nowadays, some prominent intellectuals in the Anglo-American world are fretting over whether their own countries are looking a lot like the late Soviets. The historical parallels they have drawn are plausible. Even some mainstream newspaper op-eds have been borrowing from the analogy.…

A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts. Advertisement Such a concessional lender – part of an idea that has long been put on hold – would serve China, Russia, India and seven other nations that have worked together since 2001 as the Shanghai Cooperation Organisation (SCO). President Xi Jinping said at a summit of the organisation’s leaders in Tianjin on Monday that…

Advertisement The strategy comes at a time when the regional bloc, in a joint declaration, has acknowledged that escalating geopolitical tensions pose an increasing threat to its security. Speaking to reporters after a summit on Monday, Wang said that the SCO Development Strategy until 2035 had “set the tone and a clear direction” for the decade to come, holding this up as one of the most important outcomes from the gathering. The 25th SCO summit took place against the backdrop of heightened tensions between some of its key members and…

China has urged member states of the Shanghai Cooperation Organisation (SCO) to strengthen their collective financial security and voice in the world as pressure mounts from the United States and its allies. Advertisement Without naming any country, President Xi Jinping told the SCO state leaders – many of them facing blanket sanctions and punitive tariffs from the US – that the organisation needed to speed up and achieve “real results” to better protect themselves from “hegemonic” bullying. To that end, Xi suggested that the group, which is meeting in the…

China’s drive for economic self-reliance is raising the spirits and prospects of its semiconductor industry, as insiders expect more home-grown technologies after Washington revoked waivers for some foreign-owned chipmakers’ factories in China to use US technologies in their operations. Advertisement The Chinese branches of South Korean chipmakers Samsung and SK Hynix, as well as Intel Semiconductor (Dalian), will lose their fast-track status for compliance as “validated end-users”, meaning they will need to obtain licences to send certain US chipmaking equipment to their plants in China, according to a statement released…

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. 6 takeaways from Shanghai Cooperation Organisation summit opening Chinese President Xi Jinping called on members of the Shanghai Cooperation Organisation (SCO) to uphold international fairness and justice while pursuing mutually beneficial economic and cultural cooperation. 2. China’s yuan could strengthen to 7 per US dollar as Fed sends dovish signals The Chinese yuan is set to continue making gains against the US dollar over…