Eastern China’s Hangzhou to test self-driving vehicles in downtown, urban areas
Wednesday, May 1,2024,01:00
Eight main districts in Hangzhou including downtown Gongshu and Shangcheng, as well as Tonglu county, will be open for self-driving vehicle tests from May 1. .. read more..
Mainland Chinese companies most active group in Hong Kong’s flagging office r...
Wednesday, May 1,2024,00:30
The appetite of mainland Chinese firms for premium space was not enough to stem a steady increase in the vacancy rate as more office premises came online and overall demand shrank. .. read more..
China’s job-hungry youth offered lifeline by South Korean university with its...
Wednesday, May 1,2024,00:00
A South Korean university is launching a new associate degree programme exclusively for international students as it battles labour and population issues, with some also faced by China. .. read more..
Green buildings: Hong Kong needs ‘revolution’ in materials, cull of old ‘carb...
Tuesday, April 30,2024,23:30
City must encourage retrofitting or replacement of old ‘carbon-hog’ buildings and accelerate adoption of construction materials with lower ‘embodied’ carbon, says World Green Building Council founder David Gottfried. .. read more..
US keeping status quo on Taiwan policy is ‘vitally important’, senior America...
Tuesday, April 30,2024,22:50
Allies and partners described as more willing and comfortable to stand alongside Washington when they understand stance espouses ‘peace and stability’. .. read more..
China has yet to join the ‘rich country’ club. Has the middle-income trap bee...
Tuesday, April 30,2024,22:00
Predictions China would have already joined the group of high-income nations have yet to bear fruit. Is it still possible to break through the middle-income ceiling – and is it still an important benchmark? .. read more..
China thwarts accurate audits of Xinjiang supply chains, US lawmakers hear
Tuesday, April 30,2024,21:47
The use of Uygurs for forced labour is impossible to properly document because of Beijing’s intentional moves, Biden administration official tells the Congressional-Executive Commission on China. .. read more..
How China’s economic diplomacy can defuse tensions with the Philippines
Tuesday, April 30,2024,21:30
Returning to a supposed Duterte-era deal to preserve peace in the Spratly Islands would be a pragmatic step for the Philippines amid increased militarisation. China should opt for economic investment instead of military assertiveness which only serves to harden negative public opinion among Filipinos. .. read more..
For Chinese at Columbia University, pro-Palestinian protests evoke sympathy a...
Tuesday, April 30,2024,20:40
Decision whether to take part in demonstrations fraught with concerns as ‘it is already precarious to be Chinese in the US in these times’, says one. .. read more..
Binance’s Changpeng Zhao sentenced to 4 months’ prison in US for allowing mon...
Tuesday, April 30,2024,19:46
The world’s largest cryptocurrency exchange allowed numerous trades that violated US sanctions, including ones involving Hamas, al-Qaeda and Iran. .. read more..
US-Japan-Philippines alliance adds to Beijing’s challenges in East and South ...
Tuesday, April 30,2024,14:07
Beijing’s latest confrontations with Tokyo and Manila over contested islands come as they strengthen maritime coalition with Washington. .. read more..
China’s exports to Mexico are getting heavier tariffs – is it a sign of more ...
Tuesday, April 30,2024,13:00
With new tariffs being imposed by Mexico on most Chinese imports, observers and analysts disagree on whether stricter measures are being considered – but most say pressure from the US is at play. .. read more..
China’s No 2 short video app operator Kuaishou shuts down gaming project in B...
Tuesday, April 30,2024,13:00
Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing. .. read more..
China’s Fujian aircraft carrier set for maiden sea trials after authorities t...
Tuesday, April 30,2024,12:47
The warship is China’s first to use an advanced electromagnetic catapult that allows fighters to be launched more frequently. .. read more..
Number of Hong Kong mortgage holders with negative equity soars to 20-year hi...
Tuesday, April 30,2024,11:58
The number of Hongkongers with negative-equity loans stood at 32,073 in the first quarter of the year, tripling from the previous quarter and the most since some 40,000 cases were recorded in the first quarter of 2004. .. read more..
Israel-Gaza war: China’s foreign ministry says Hamas and Fatah commit to dial...
Tuesday, April 30,2024,11:30
Rival Palestinian parties met in Beijing for an ‘in-depth and candid dialogue on promoting internal reconciliation’, according to ministry spokesman. .. read more..
KFC, Pizza Hut’s China owner plans stores in country’s ‘untapped’ smaller cit...
Tuesday, April 30,2024,11:30
Yum China Holdings, which owns the KFC and Pizza Hut restaurant chains in mainland China, plans to open more stores in ‘untapped’ parts of the country where it hopes its low-price strategy will appeal to vast numbers of less affluent customers. .. read more..
Xi’s European tour: why Hungary and Serbia are the important stops
Tuesday, April 30,2024,11:30
The Xi-Macron meeting will make a splash but Chinese EV and battery manufacturers’ plans in Hungary and Serbia are also shaping the China-EU dynamic in important ways. .. read more..
Japanese researcher denies conducting teardown analysis of Huawei Pura 70 sma...
Tuesday, April 30,2024,11:00
Several Chinese online media outlets falsely reported that a Tokyo-based research firm found more than 90 per cent of the handset’s parts to be domestically sourced. .. read more..
China, South Korea vie for advanced shipbuilding orders as battle of the supe...
Tuesday, April 30,2024,10:41
QatarEnergy will pay China State Shipbuilding Corporation billions of US dollars for 18 tankers in a deal hailed as the industry’s biggest shipbuilding contract ever. .. read more..
Hong Kong SMEs’ second-quarter business confidence shaky as consumer spending...
Tuesday, April 30,2024,10:30
Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows. .. read more..
China’s leadership hints it is bracing for the possible return of Donald Trump
Tuesday, April 30,2024,10:05
Xi Jinping’s recent meeting with Antony Blinken offers glimpses of how Beijing is positioning for another Trump presidency. .. read more..
Huawei heir-apparent Meng Wanzhou eyes digitalisation, AI to regain ground in...
Tuesday, April 30,2024,10:00
Chinese telecoms giant Huawei Technologies is eyeing opportunities in digital and artificial intelligence transformation to regain ground in Asia-Pacific, according to its deputy chairwoman Meng Wanzhou. .. read more..
China highlights data and ‘digital silk road’ in new plan to drive innovation...
Tuesday, April 30,2024,09:58
China will adopt ‘forward-thinking plan’ for building digital economy and boost international collaboration through technology arm of the belt and road strategy, according to Beijing’s top planner and data agency. .. read more..
Microsoft CEO unveils US$1.7 billion outlay over four years in Indonesia to b...
Tuesday, April 30,2024,09:12
Indonesia has offered the island of Bali and the nation’s new capital Nusantara as potential locations for Microsoft’s new research facility and data centre. .. read more..
Venture-capital funding in China falls to pandemic-era lows in weak 2024 star...
Tuesday, April 30,2024,09:00
Total venture-capital investment in China in the first quarter fell 30 per cent quarter on quarter to US$11.5 billion amid economic uncertainty, geopolitical tensions, though China still accounted for eight of the top 10 deals. .. read more..
China vows ‘firm support’ for Peru as Foreign Minister Javier Gonzalez-Olaech...
Tuesday, April 30,2024,08:28
Peru signals it wants to invite President Xi Jinping to the inauguration of the Chinese-built mega port Chancay next year. .. read more..
How China’s third plenums have reshaped its economy – and what to expect this...
Tuesday, April 30,2024,08:00
China’s Communist Party will hold one of its most-watched meetings in July, as analysts predict the political body will lay out reforms to aid in the country’s economic recovery. .. read more..
Chinese developers Poly, Longfor, CIFI report mixed results as forlorn proper...
Tuesday, April 30,2024,08:00
Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery. .. read more..
Hong Kong bitcoin, ether ETFs see mild gains on first day of trading as city ...
Tuesday, April 30,2024,07:25
Six bitcoin and ether ETFs saw US$6.4 million in trading by mid-day on Tuesday, compared with US$4.6 billion for US bitcoin ETFs on their first day. .. read more..
China declares probe into another former justice official, Liu Zhiqiang, who ...
Tuesday, April 30,2024,07:19
Beijing’s top anti-graft agency says Liu, who once served on Interpol executive committee, is ‘suspected of serious violations of discipline and law’ which is widely understood to mean corruption. .. read more..
Outlook ‘significantly brighter’ for Hong Kong stocks, as US$5 trillion marke...
Tuesday, April 30,2024,07:10
Hong Kong stocks emerged as the best-performing key market globally in April, after funds sought bargains by shifting out of expensive US and Japanese equities and as China’s growth shows more signs of stabilising. .. read more..
China’s Communist Party to hold long-delayed third plenum, a key meeting for ...
Tuesday, April 30,2024,07:08
As the Central Committee gathers for the third plenary session in July, investors will be watching to see if Beijing will prioritise development over security with policies in housing, fiscal reform and financial regulation. .. read more..
China’s most powerful space engine configuration is ‘ready for flight’
Tuesday, April 30,2024,05:02
Four YF-100K engines pass ignition test to ‘fully verify’ their compatibility and individual reliability, chief designer said. .. read more..
HSBC boss Noel Quinn steps down as bank reports first-quarter profit that bea...
Tuesday, April 30,2024,04:30
Quinn said it was the ‘right time’ to look for a better work-life balance as the lender’s net profit slipped 1 per cent from a year ago to US$10.2 billion, surpassing the US$9.24 billion profit expected by analysts polled by Bloomberg. .. read more..
China’s private pension push marred by weak financial literacy, as ‘people st...
Tuesday, April 30,2024,03:00
After a stretch of trials in select Chinese cities, there is rising urgency to rapidly expand use of the underperforming retirement accounts as demographic challenges mount. .. read more..
Samsung reports chip profits after a year of losses, as AI boom drives fourfo...
Tuesday, April 30,2024,02:56
The world’s largest memory chip maker posted better-than-expected net income that is more than four times the company’s earnings a year earlier. .. read more..
Hong Kong stocks on course for biggest monthly gain since 2022 as manufacturi...
Tuesday, April 30,2024,02:29
Hong Kong’s market is the best performer among major peers globally this month, and better-than-expected manufacturing activity in mainland China is expected to add further impetus. .. read more..
China’s ICBC, Agricultural Bank post profit drops on margin squeeze
Tuesday, April 30,2024,01:40
The government may press state banks to continue cutting lending rates, further eroding their margins, analyst says. .. read more..
China’s factory activity remains in expansion in April as economic recovery g...
Tuesday, April 30,2024,01:35
China’s official manufacturing purchasing managers’ index (PMI) stood at 50.4 in April, remaining in expansion territory for a second consecutive month. .. read more..
Hong Kong is poised to be a bigger force for regional prosperity
Tuesday, April 30,2024,01:30
Hong Kong is already a significant trade and investment partner to members of RCEP, the world’s largest trade bloc. After the city’s membership is approved, it can help to harmonise trade rules, stimulate intra-bloc capital flows and foster connections and partnerships. .. read more..
China now home to 369 unicorns, with an average value of US$3.8 billion, led ...
Tuesday, April 30,2024,01:00
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion. .. read more..
Homebuyers snapping up flats because of discounts, market has too much stock ...
Tuesday, April 30,2024,00:30
Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday. .. read more..
Unit of China Chery Automobile plans right-hand drive cars, with Malaysia and...
Monday, April 29,2024,23:00
Jetour targets markets like Malaysia and Indonesia with right-hand drive models as globalisation drive accelerates. .. read more..
Made in China 2025: China meets most targets in manufacturing plan, proving U...
Monday, April 29,2024,22:00
Almost 10 years after the ‘Made in China 2025’ targets were drawn up, we investigate just how many have been achieved. .. read more..
Rivalries aside, it’s vital for US and Chinese navies to keep talking
Monday, April 29,2024,21:30
American officials participated in the 19th Western Pacific Naval Symposium in Qingdao amid the resumption of military talks between the US and China. Geopolitical rivalry overshadows bilateral cooperation but managing differences and fostering trust are key to advancing maritime security .. read more..
Peru seeks to avoid arbitration over Chinese-built megaport
Monday, April 29,2024,20:37
In March, Peru’s port authority said ‘administrative error’ had given Cosco Shipping exclusivity at Chancay megaport and asked a judge to annul the decision. .. read more..
EU chief Ursula von der Leyen invited to Xi Jinping-Emmanuel Macron summit in...
Monday, April 29,2024,17:07
One of Europe’s most hawkish leaders towards Beijing is confirmed to meet the Chinese president during his first trip to the continent in five years. .. read more..