Day: March 15, 2026

US fashion brand Guess has told customers it will close all its stores in mainland China by the end of March, pending a new business model at a time when a growing number of international fashion retailers retreat from the market amid what analysts believe are issues including weak localisation and slow decision-making. Other foreign brands that have withdrawn entirely from mainland China in recent years include US label Old Navy, UK brand Topshop, and several labels owned by Spanish fashion group Inditex – Bershka, Pull&Bear, Stradivarius and loungewear brand…

China’s economy got off to a strong start in 2026, as industrial output and retail sales stayed resilient in the first two months while fixed-asset investment registered a small expansion. China’s industrial output rose 6.3 per cent in January and February compared with the same period last year, according to data released by the National Bureau of Statistics (NBS) on Monday. The reading beat market expectations for a 5.23 per cent uptick based on a poll of economists conducted by financial data provider Wind. Advertisement Retail sales grew by 2.8…

After the annual “two sessions” in Beijing, it’s clear that Hong Kong policymakers have their work cut out for them. It has been made abundantly clear what is expected of Hong Kong: stop messing around and get on with the national programme. Hong Kong is part of the nation’s plans to move forward. The country knows exactly where the city fits into the big picture, how it can catapult growth in key areas and play the role of superconnector between China and the rest of the world. The 15th five-year…

China’s push for semiconductor self-sufficiency is shifting from broad aspiration to a precision strike on chokepoint materials, with photoresist – the light-sensitive chemical essential for etching microscopic circuits onto silicon wafers – emerging as a new battlefield. The sector, which provides the key material for lithography, was expected to enter a critical stage of “accelerated breakthroughs and large-scale application” over the coming years, according to Fu Zhiwei, chairman of Xuzhou B&C Chemical, a major domestic supplier of photoresist. Fu, also a deputy to the National People’s Congress, told the South…

Zhao Tong is a senior fellow with the Nuclear Policy Programme at Washington-based think tank the Carnegie Endowment for International Peace, and its East Asia-based research centre on contemporary China, Carnegie China. His research focuses on strategic security issues, including nuclear weapons policy, deterrence, arms control, non-proliferation, missile defence, hypersonic weapons, regional security in the Asia-Pacific, and China’s security and foreign policy. This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here. US-Israel military strikes against Iran have killed its supreme leader, Ayatollah…

China and the US ended the first day of trade talks in Paris on Sunday without any major developments. Talks will continue tomorrow when the US delegation is set to leave. The Chinese delegation will stay one more day before leaving on Tuesday. The first day of the sixth round of trade talks between the world’s two biggest economies – led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent – was rather uneventful for journalists waiting outside the venue, the headquarters of the Organisation for Economic Co-operation…