South China Morning Post
Month: March 2026
Chinese government bonds emerge as lone war haven
Yields on China’s debt are down marginally since the start of the conflict while those of other major economies have risen Financial Times
How China is building faster high-speed railways using vast underwater tunnels
China has finished digging the underwater section of a high-speed rail tunnel stretching more than 14km (9 miles) under a busy segment of the Yangtze River, as the country increasingly turns to vast subterranean passages to expand its railway network. The tunnel beneath China’s longest waterway, which will link Shanghai’s Chongming Island with Taicang city in neighbouring Jiangsu province, is on track to be completed by the end of the year, state broadcaster CCTV reported. The project will allow trains to hurtle through the tunnel at 350km/h (217mph), enabling faster…
Top Chinese developers’ losses mount as debt overhaul props up operations
Major Chinese property developers reported operating losses in 2025 as a recovery in the world’s second-largest economy remained elusive after five years of decline, with some headline profits driven mainly by non-cash gains from debt restructuring. China Vanke posted a record 88.56 billion yuan (US$12.9 billion) loss last year in the latest sign that mainland developers continued to struggle under debt pressure and slowing residential sales. The developer said its annual revenue fell 32 per cent to 233.43 billion yuan, while the basic loss per share was 7.45 yuan, down…
Why China is always misunderstood and misrepresented
Why didn’t China develop its own scientific and industrial revolutions when it made so many discoveries and advances over millennia? That is often called “Needham’s question”, named after the historian of Chinese science and tech Joseph Needham. Why didn’t China develop capitalism during the Song dynasty when it was so close to achieving a breakthrough with trade, commerce, currency and semi-industrialisation, and an emerging merchant class? The Hungarian-French sinologist Etienne Balazs, among others, has famously asked this question. Why didn’t China develop democracy, the rule of law and limited government…
Mandarin is replacing Cantonese. Offbeat AI fights back as Big Tech looks away
Preserving Cantonese has been challenging due to the dominance of Mandarin, limited learning resources and a lack of a standard written form. With a declining number of young learners, the language faces an uncertain future. Artificial intelligence (AI) – seen by some as an existential threat to humanity – may become the hope for saving the language, and many others, along with the distinct cultures they embody. This is the mission of Hong Kong-based deep-tech company Votee AI: to use large… South China Morning Post
China’s science awards system is plagued by shadowy practices. Can reforms fix it?
China’s science and technology awards system has been accused of being riddled with loopholes and misconduct, including serious exaggeration of achievements, cultivation of personal connections and even bribery, according to critics within the academic community. These flaws, though repeatedly addressed by the authorities, are said to remain deeply entrenched, casting a shadow over China’s rapidly advancing innovation sector that is widely regarded as a key pillar in its rivalry with the… South China Morning Post
Couple convicted of stealing trade secrets for China loses US citizenship
A federal judge has revoked the US citizenship of a naturalised married couple from China after their 2021 convictions for stealing sensitive medical trade secrets and sharing them with China, the US Department of Justice (DoJ) announced on Tuesday. On March 30, federal Judge James E. Simmons Jr. of California’s Southern District ordered the denaturalisation of Li Chen and Yu Zhou, ruling their crimes showed a lack of the “good moral character” required for American citizenship. Chen and Zhou… South China Morning Post
Iran war gives Chinese exporters chance to grab global market share
Ample oil reserves and renewables growth make manufacturing sector more resilient than rivalsFinancial Times
Trump-Xi summit: US trade chief casts doubt on pre-meeting Beijing visit
Washington’s top trade negotiator suggested on Tuesday that, in a break from usual practice, members of US President Donald Trump’s cabinet will not visit Beijing ahead of the expected mid-May summit with President Xi Jinping to prepare or discuss deliverables. “I don’t think we’re going to need to do that,” Jamieson Greer, US Trade Representative, said in an interview with Bloomberg Television when asked about meeting his Chinese counterparts soon, ahead of the much-anticipated leaders’… South China Morning Post