South China Morning Post — Economy

South China Morning Post — Economy

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China/Asia macro and policy

Oil Surge on Trump Blockade Warning Tests Stocks’ Resilience
NewsApr 30, 2026

Oil Surge on Trump Blockade Warning Tests Stocks’ Resilience

Crude oil prices leapt to a four‑year peak after President Donald Trump suggested a US naval blockade of the Strait of Hormuz could endure for months. Brent crude surged as much as 7.3%, breaking the $126 per barrel mark. The...

By South China Morning Post — Economy
How China Can Avoid a Repeat of Japan’s ‘Lost Decades’, in Eyes of Top Economist
NewsApr 30, 2026

How China Can Avoid a Repeat of Japan’s ‘Lost Decades’, in Eyes of Top Economist

Top economist Bai Chongen warns that China could repeat Japan’s prolonged stagnation if it clings to outdated growth models. He argues that shifting from export‑driven expansion to an innovation‑centric economy is essential, alongside curbing corporate debt and reforming state‑owned enterprises....

By South China Morning Post — Economy
Ikea to Open First Small-Format Beijing Store to Tap China’s Changing Consumer Trends
NewsApr 29, 2026

Ikea to Open First Small-Format Beijing Store to Tap China’s Changing Consumer Trends

Ikea will launch its first small‑format store in Beijing’s Tongzhou district, a 1,500 sqm outlet aimed at convenience and efficiency. The move follows the closure of seven large stores in China as demand for new‑home furnishings wanes amid a sluggish property...

By South China Morning Post — Economy
In a Fragmenting Global Order, Former Japanese Leader Urges Pivot to China
NewsApr 29, 2026

In a Fragmenting Global Order, Former Japanese Leader Urges Pivot to China

Former Japanese prime minister Yukio Hatoyama called on Beijing and Tokyo to cooperate against what he described as US “arrogance” and to prevent a collapse of the world order. He argued that joint coalitions with like‑minded nations would boost bargaining...

By South China Morning Post — Economy
Rights Groups Hail Indonesia’s ‘New Chapter’ for Domestic Workers, Warn of Long Road Ahead
NewsApr 29, 2026

Rights Groups Hail Indonesia’s ‘New Chapter’ for Domestic Workers, Warn of Long Road Ahead

Indonesia’s House of Representatives approved a long‑awaited domestic‑worker protection law, granting 14 rights such as social security, universal health care and mandatory vocational training. The legislation caps domestic duties at ten specific tasks and requires placement agencies to register and...

By South China Morning Post — Economy
Youth Hostel Scheme Falls Short as only 44% of Expected Flats Offered: Audit
NewsApr 29, 2026

Youth Hostel Scheme Falls Short as only 44% of Expected Flats Offered: Audit

Hong Kong’s Youth Hostel Scheme, launched in the 2011‑12 policy address to deliver 3,000 affordable flats for young workers, has fallen far short of its goals. An Audit Commission report shows only 1,326 flats – just 44% of the target...

By South China Morning Post — Economy
Hong Kong Surplus Hits HK$11 Billion as Finance Chief ‘Monitors’ Mideast War
NewsApr 29, 2026

Hong Kong Surplus Hits HK$11 Billion as Finance Chief ‘Monitors’ Mideast War

Hong Kong’s financial secretary Paul Chan announced a revised fiscal surplus of HK$11 billion (about US$1.9 billion) for the 2025‑26 year, roughly four times the original forecast. He stressed that the ongoing Middle‑East conflict has only a limited effect on the city’s...

By South China Morning Post — Economy
As Hong Kong Recalibrates, the Blue Economy Offers an Anchor
NewsApr 28, 2026

As Hong Kong Recalibrates, the Blue Economy Offers an Anchor

Hong Kong completed its first green methanol bunkering operation, signaling a push to decarbonise global shipping. The city is positioning the blue economy—valued by the UN at $3‑$6 trillion annually—as a strategic growth anchor amid a shifting regional maritime landscape. With...

By South China Morning Post — Economy
Will Asean’s Scramble for Russian Oil Fuel Shift in Regional Alliances?
NewsApr 28, 2026

Will Asean’s Scramble for Russian Oil Fuel Shift in Regional Alliances?

Southeast Asian nations are turning to Russian oil to fill shortages caused by the Strait of Hormuz blockage. Countries including Vietnam, Indonesia, Malaysia, the Philippines and Myanmar have secured U.S. sanctions waivers and signed energy deals with Moscow. The move...

By South China Morning Post — Economy
China Faces a France-Sized Demographic Loss that Threatens Coastal Growth: Analysts
NewsApr 28, 2026

China Faces a France-Sized Demographic Loss that Threatens Coastal Growth: Analysts

China is projected to lose about 60 million people over the next decade, a decline roughly equal to France’s entire population. The shrinkage will hit the affluent coastal provinces that have driven most of China’s growth, reducing labor productivity and household...

By South China Morning Post — Economy
Trump’s Golden Dome Aimed at Combating China’s ‘Hypersonic Weapons, Cruise Missiles’
NewsApr 27, 2026

Trump’s Golden Dome Aimed at Combating China’s ‘Hypersonic Weapons, Cruise Missiles’

The Pentagon told Congress it currently lacks any defense against hypersonic weapons or advanced cruise missiles, prompting President Donald Trump to push the $185 billion Golden Dome missile‑shield program. The initiative, originally budgeted at $175 billion through 2035, was raised by $10 billion after...

By South China Morning Post — Economy
Scientists in China Create a Predator-Like Material to Hunt for Uranium in the Ocean
NewsApr 26, 2026

Scientists in China Create a Predator-Like Material to Hunt for Uranium in the Ocean

An international team at China’s CAS Qinghai Institute of Salt Lakes has created a light‑powered metal‑organic framework micromotor that swims through water and selectively captures uranium ions. The 2‑micron particles propel themselves using hydrogen peroxide and double their speed under...

By South China Morning Post — Economy
Can Parents and Children Playing Video Games Together Level up Their Relationship?
NewsApr 26, 2026

Can Parents and Children Playing Video Games Together Level up Their Relationship?

A Hong Kong survey by the Chinese YMCA of Hong Kong found that parents who play video games with their children report relationship scores about 20 percentage points higher than families that don’t. The study sampled 2,271 youths and 1,283...

By South China Morning Post — Economy
Middle East Shipping Crisis Elevates China-Europe Railway’s Profile
NewsApr 26, 2026

Middle East Shipping Crisis Elevates China-Europe Railway’s Profile

The China‑Europe railway network has transformed from a niche experiment into a commercial freight alternative, linking 235 cities across 26 European nations with more than 120 Chinese hubs. Driven by pandemic‑induced air‑freight shortages and maritime congestion, annual train trips doubled...

By South China Morning Post — Economy
South China Morning Post — Economy | Pulse