Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s factory activity fell for an eighth straight month in November while activity in services hit a three-year low, showing how persistent weak demand is affecting the country’s economic outlook despite a trade truce with the US. The manufacturing purchasing managers’ index rose marginally to 49.2 this month, according to official data released on Sunday. A reading below 50 shows a contraction in activity. Another index tracking non-manufacturing business sectors,…
Day: November 29, 2025
China services activity hits three-year low while factory slump persists
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s factory activity fell for an eighth straight month in November while activity in services hit a three-year low, showing how persistent weak demand is affecting the country’s economic outlook despite a trade truce with the US. The manufacturing purchasing managers’ index rose marginally to 49.2 this month, according to official data released on Sunday. A reading below 50 shows a contraction in activity. Another index tracking non-manufacturing business sectors,…
Why Xinjiang casts a long shadow over China and Syria’s efforts to rebuild ties
China pledged to “actively consider” helping Syria with post-war reconstruction when its new foreign minister visited Beijing earlier this month. But analysts said the two sides needed to first overcome the major hurdle of militant groups linked to China’s Xinjiang region integrated into the Syrian armed forces. Chinese Foreign Minister Wang Yi told his counterpart Asaad al-Shaibani on November 17 that the two sides should gradually resume exchanges, adding that Beijing would consider helping the country rebuild. Advertisement He also urged the new Syrian transitional government, formed after the fall…
Anger mounts in Hong Kong over apartment fires as Beijing warns against ‘anti-China disruptors’
Anger over a deadly blaze at a Hong Kong high-rise apartment complex simmered on Sunday as Beijing warned against attempts to use the disaster to disrupt the city, while people across the financial hub continued to mourn for the more than 128 victims. Police on Saturday detained one person who was part of a group that launched a petition demanding government accountability, an independent probe into possible corruption, proper resettlement for residents, and a review of construction oversight, two sources familiar with the matter said. University student Miles Kwan, 24,…
Why Chinese are cancelling their trips to Japan
Recent weeks have seen a sharp decline in Sino-Japanese people-to-people exchanges. All flights on 12 routes from mainland Chinese cities to Japan had been cancelled as of November 24, reportedly due to low demand. According to the Civil Aviation Data Analysis System, some 12 per cent of flights between China and Japan scheduled between November 24 and January 18 have been cancelled. On some routes, more than half have been cancelled. Chinese tourists, Japan’s largest inbound group, had… South China Morning Post
Taiwan’s plan to acquire drone ‘takeover’ technology sparks security debate
Taiwan’s plan to acquire Israeli “takeover” technology as part of a counter-drone network has set off a debate over its use and the island’s security strategy as it tries to keep pace with rapidly evolving unmanned threats. At a briefing for suppliers on the procurement requirements earlier this month, Taiwan’s homeland security office outlined specifications for a new system to protect the island’s airports, power plants and other critical infrastructure from incursions by small commercial… South China Morning Post
Chinese parts supplier takes stake in leading Russian drone maker
The owner of a major Chinese drone parts supplier has taken a stake in one of Russia’s leading drone companies, highlighting a deepening relationship between Moscow and Beijing’s military-industrial complexes. A company filing, made in September and seen by the Financial Times, listed Wang Dinghua as the new owner of 5 per cent of the shares in Rustakt, a manufacturer of the VT-40 first-person-view drone widely used by Russia in attacks on Ukrainian forces. Shenzhen Minghuaxin and other companies owned by Wang, a businessman based in the southern Chinese city,…
Gold rally dents sales at China’s jewellery retailers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s jewellery retailers are reeling from gold’s blistering rally and the reduction of a tax rebate as high prices have deterred buyers and led to hundreds of store closures in one of the world’s largest consumer markets for the metal. Large retail chains have reduced their footprint in mainland China this year, while a number of small sellers told the Financial Times that rising prices and a growing tax burden…
China takes on US and Russia as it touts J-35 fighter jet in the Middle East
China’s second fifth-generation fighter jet, the J-35, could find buyers in the Middle East as demand grows for advanced stealth aircraft in the region – though its capabilities remain unknown, according to analysts. A model of the J-35 – made by China National Aero-Technology Import & Export Corporation (Catic) and with a design similar to that of the American F-35 – was on display at the event. Advertisement Fifth-generation fighters typically feature stealth and supercruise capabilities – meaning they can cruise at supersonic speed without using their afterburners. They are…
Spain stops pork exports to China after African swine flu cases
Spain’s Agriculture Ministry said it has halted all pork exports to China after two wild boar found dead near Barcelona tested positive for African swine flu, the first cases in three decades. The outbreak, the first since 1994, coincides with Spanish efforts to court Beijing and gain market share in the pork sector and after China imposed tariffs on EU pork during an anti-dumping investigation. Spain is the European Union’s leading pork producer, accounting for roughly a quarter of the bloc’s output, ahead of Germany, with annual pork exports of…