Banks upgrade China growth forecast, foreigners flock to Shenzhen: SCMP daily highlights

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1. Goldman Sachs, UBS raise China economic growth forecasts after US trade truce

With tariff reductions signalling a de-escalation of trade tensions between China and the United States, investment banks are upgrading their economic growth forecasts for both countries.

2. US shares sixth-generation fighter details, intensifying China air rivalry

The US has unveiled more details about its sixth-generation fighters, intensifying its competition with China for air superiority in future warfare.

3. Foreigners flock to China’s Shenzhen as visa-free entries surge 160%

Shenzhen has gained popularity with international tourists, logging a high number of visa-free entries in 2025. Photo: Dickson Lee
Shenzhen has gained popularity with international tourists, logging a high number of visa-free entries in 2025. Photo: Dickson Lee

Shenzhen, China’s southern tech hub, has reported a swell of overseas visitors this year, an influx attributed to the country’s expansion of visa-free entry and its integration of the Greater Bay Area, a region that incorporates Guangdong province, Hong Kong and Macau.

  

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