As a new US port fee targeting China-built or -operated vessels is set to take effect in two weeks, China has revised its international maritime transport rules to allow retaliatory measures, including charging special fees or restricting access to Chinese ports. Advertisement China will implement necessary countermeasures against any country or region that imposes or supports discriminatory bans, restrictions or similar measures targeting Chinese operators, vessels or crews, according to the revision released on Monday. “These countermeasures include, but are not limited to, charging special fees on their vessels when…
Month: September 2025
Religion must align with law for ethnic and social harmony in China, Xi says
Chinese President Xi Jinping has called for further enactment of law and regulation, as well as stricter law enforcement, in religious affairs in a push to Sinicise religions in the country, according to state media. Advertisement Xi made the remark on Monday while presiding over a group study session of the ruling Communist Party’s Politburo. “Governing religious affairs in accordance with the law is the fundamental way to properly handle various contradictions and problems in the religious field,” he said, according to state news agency Xinhua. “[We must] enhance relevant…
Xi calls for religion crackdown as path to ethnic and social harmony in China
China’s President Xi Jinping has called for further enactment of law and regulation, as well as stricter law enforcement for religious affairs in a push to sinicise religions in the country, state media reported. Advertisement Xi made the remark on Monday while presiding over a group study session of the ruling Communist Party’s Politburo study session. “Governing religious affairs in accordance with the law is the fundamental way to properly handle various contradictions and problems in the religious field,” he said, according to Xinhua. “[We must] enhance relevant laws and…
Top battery scientist Stefano Passerini relocates to China
World-leading battery scientist Stefano Passerini has taken up a full-time position at Nanjing Normal University in eastern China. Advertisement The 65-year-old Italian researcher – a member of Germany’s National Academy of Sciences – will head the new International Institute for Electrochemical Energy Storage, the university said in a statement. At a ceremony at the Xianlin campus on Thursday, Passerini said his decision to move to Nanjing reflected his confidence in the university’s research, talent and potential. Passerini pledged to build the institute into a world-class research centre and a bridge…
Chinese EVs threaten Japan’s dominance of south-east Asia car market
Surging sales of affordable Chinese electric cars are breaking Japanese automakers’ decades-long grip on south-east Asia, foreshadowing disruption across other regional vehicle markets. The market share of Japan’s producers, led by Toyota, Honda and Nissan, has fallen to 62 per cent of car sales in south-east Asia’s six biggest markets in the first half of 2025, down from an average of 77 per cent in the 2010s, according to PwC data analysis. China has increased its share from negligible volumes to more than 5 per cent of 3.3mn annual car…
China’s factory activity suffers longest decline in six years
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s manufacturing sector contracted for the sixth straight month in September, the latest sign of pressure from a trade war with the US as tariffs weighed on the wider Asian growth outlook. The official manufacturing purchasing managers’ index was 49.8 in September, data from the National Bureau of Statistics showed on Tuesday, below the 50 mark that separates expansion from decline. The gauge has been in contraction territory since April,…
China’s grocery giants use Aldi tactics to lure frugal shoppers
The cheap croissants and no-name detergents that power discount grocers in the US and Europe are now filling shelves in China, where struggling chains are betting on store brands to lure back shoppers. Advertisement Purveyors from Walmart and Wumart to Alibaba Group Holding’s Freshippo are streamlining their sprawling hypermarkets – once packed with name-brand goods – cutting clutter and pushing their own “private label” lines, which promise to match or beat the quality of established brands at lower prices. They are betting that a playbook honed by the likes of…
Zijin Gold shares surge 68% in Hong Kong trading debut
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Zijin Gold shares soared by as much as 68 per cent in their Hong Kong trading debut on Tuesday, after the spin-off company of one of China’s largest miners raised $3.2bn in an initial public offering. The listing comes as the price of the gold is trading at a record high of above $3,800 a troy ounce, driven higher by macroeconomic uncertainty and geopolitical risk, including a potential US government…
China’s largest provincial economy Guangdong has new governor-in-waiting
Meng Fanli, the party chief of Shenzhen, has been promoted party chief of Guangdong’s government, a job that effectively makes him the governor-in-waiting of China’s largest provincial economy. Advertisement Meng, 60, was moved to Guangdong in 2022, when he was assigned as party chief of Shenzhen city, according to the province’s official news outlet Nanfang Daily’s social media account. The title of party chief of the provincial government doubles with the position of governor, and Meng’s appointment in that role is expected to be confirmed by the provincial legislature soon.…
Indonesia vows $2bn Christmas stimulus as economy flags
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia will introduce a $2bn stimulus to encourage consumer spending on everything from flights to presents during the holiday season, a senior government minister has said, as President Prabowo Subianto tries to revive the troubled economy. Indonesia, one of the world’s largest consumer markets with a population of more than 280mn, is grappling with weaker purchasing power and a sluggish job market, threatening its ability to maintain stable economic growth…