Nvidia CEO praises China’s open-source models as ‘very advanced’
Thursday, July 17,2025,04:29

Open source was “extremely powerful” for AI innovation and Chinese firms offer the “best open reasoning models”, Nvidia co-founder and CEO Jensen Huang said in Beijing on Thursday, ahead of the expected resumption of the company’s H20 chip sales to China. Open source allows not just the contribution of each company but the combined resource of an ecosystem, which is what was “very clever about open source engineering here in China”, Huang said at the China International Supply Chain... .. read more..

China’s Type 076 Sichuan is a next-level amphibious assault ship
Thursday, July 17,2025,04:00

China’s latest amphibious warship is designed to take sea-to-land assaults to the next level – a vessel capable of launching fighters and fixed-wing drones like never before. The new-generation Type 076 assault ship will feature an advanced electromagnetic catapult launch system, allowing a wider variety of aircraft to take off more frequently during an amphibious attack. The flat-top vessel will serve as a fleet command centre that will enable drones, helicopters, fighters and landing craft to... .. read more..

Emirates flight from Dubai diverted after failing to land in Hong Kong
Thursday, July 17,2025,03:37

An Emirates flight from Dubai to Hong Kong was unexpectedly rerouted to Taiwan on Monday after multiple unsuccessful attempts to land, reportedly because of bad weather. Flight EK382, operated by Dubai’s flagship carrier, was diverted to Kaohsiung International Airport in Taiwan after it was unable to land in Hong Kong. The crew and passengers stayed overnight in Kaohsiung and flew back to Hong Kong on the Emirates plane – a Boeing 777-31H(ER), registered A6-EPU – on Tuesday. Flight data shows... .. read more..

Tesla plans 6-seat version of Model Y to reclaim lost market share in China
Thursday, July 17,2025,03:30

Tesla will introduce a longer, six-seat version of its popular Model Y SUV in China, a strategic move aimed at reclaiming market share in the world’s largest electric vehicle (EV) market amid increasing competition from domestic rivals. The new variant, dubbed the Model Y L, is set to debut this autumn, the US EV giant announced on Chinese social media on Wednesday, in a post that read, “Model Y L, see you in the autumn!” Although the company has yet to disclose specific vehicle information, the... .. read more..

Hong Kong stocks rise as China steps in to curb EV sector competition
Thursday, July 17,2025,02:11

Hong Kong stocks rose on Thursday, led by carmakers, after China pledged to curb “irrational competition” in the electric vehicle (EV) sector. The Hang Seng Index advanced 0.3 per cent to 24,602.04 at 9.40am local time. The Hang Seng Tech Index added 0.3 per cent. On the mainland, the CSI 300 Index strengthened 0.3 per cent, while the Shanghai Composite Index gained 0.1 per cent. EV maker Li Auto rose 1.3 per cent to HK$114.60, Geely Automobile Holdings climbed 1 per cent to HK$18.44 and BYD... .. read more..

How deals are trumping port dispute on Australian PM’s China visit
Thursday, July 17,2025,02:08

Beijing has set aside major disputes with Canberra and instead filled Australian Prime Minister Anthony Albanese’s six-day visit to China this week with a slew of trade and investment deals, a move analysts said was an effort to find common ground amid trade tensions with the United States. The deals include the potential widening of access to the Chinese market for Australian farm produce and coal, cooperation in the digitalisation of the financial sector, investment in greenfield projects and... .. read more..

China’s ‘green great wall’ triggers hay fever misery: scientists
Thursday, July 17,2025,01:00

For Ma Bo, a resident of Hohhot, the capital of Inner Mongolia, late July marks the beginning of another round of suffering. He has suffered from hay fever – an allergic condition triggered by inhaling pollen – for many years. His symptoms have gradually worsened since 2018, progressing from sneezing and conjunctivitis to an allergic cough and, eventually, bronchial asthma. The artemisia plant, which is widely cultivated in northwestern China to contain wind and sand erosion, has been identified... .. read more..

More Hong Kong office tenants seek longer rent-free periods: Colliers
Thursday, July 17,2025,00:30

Some nine out of 10 office tenants in Hong Kong are expecting longer rent-free periods from their landlords as more than a quarter of the city’s companies intend to shrink their real-estate footprint over the next 12 months, according to a survey from Colliers. The ratio was the highest since the property consultancy relaunched the annual survey in 2023. Last year, eight out of 10 respondents were seeking such concessions, according to data from the survey, which was released on... .. read more..

Nvidia, AMD to win market share in China as US eases export curbs
Thursday, July 17,2025,00:00

The sales resumption of Nvidia’s H20 processors and Advanced Micro Devices’ (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts. Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to China. The H20, designed to comply with US trade curbs, is less powerful than the H200. Under current US rules, most advanced Nvidia chips,... .. read more..

Villa, luxury home sales rise in Hong Kong as the rich pounce on bargains
Wednesday, July 16,2025,23:30

Sales of villas, bungalows and luxury homes in Hong Kong soared to a three-year high in the first six months of this year, as an influx of wealthy immigrants fuelled the hunt for bargains on the top end of one of Asia’s priciest residential property markets. There were 286 registered transactions of villas in the first half, a jump of 23.3 per cent from the same period last year, according to data provided by Centaline Property, one of the largest real estate agencies in the city. The sales... .. read more..

‘Swayed by external forces’: the harsh reality for mainland students in Taiwan
Wednesday, July 16,2025,22:00

As tensions between Beijing and Taipei rise, academia and the education sector reveal how each side is changing to adapt to – or shape – the new environment. In the second of a two-part series, we look at the situation for mainland students in Taiwan. Read the first instalment here. As a mainland Chinese student in Taiwan, John Wang felt apprehensive only once during his five months on exchange. It was December 20 and he was passing the parliament building in Taipei on his way back from a social... .. read more..

Trump says Beijing making ‘big steps’ in controlling fentanyl
Wednesday, July 16,2025,20:48

US President Donald Trump said on Wednesday that Beijing is “making big steps” in efforts to control the flow of fentanyl, an issue that the American leader has used to justify tariffs that he has slapped on imports from China. “I think China has been helping out,” Trump told reporters in the Oval Office. “I mean, it’s been a terrible situation for many years with fentanyl, but since I came here, we’re talking to them, and they’re making big steps ... You know that they’re being penalised with... .. read more..

US firms say China market vital despite fraying relations, other issues: survey
Wednesday, July 16,2025,18:51

A new survey of American companies operating in China has indicated that most of them consider the country’s market critical despite fraying bilateral relations, tariffs, economic weakness and lost market share. Nearly all respondents participating in an annual US-China Business Council survey said they cannot remain globally competitive without their business in the world’s second-largest economy, according to a report about the survey published by the advocacy group on Wednesday. This is... .. read more..

G-2 style reset? How US-China trade talks may shift after AI chip curbs eased
Wednesday, July 16,2025,15:00

The United States’ decision to ease export restrictions on certain advanced chips – part of a broader package of trade agreements with China – is seen by experts as an early sign that high-level negotiations have steered bilateral relations in the right direction. Washington’s move to resume license application reviews for Nvidia’s H20 AI and Advanced Micro Devices’s MI308 AI chips comes ahead of talks between senior officials from both nations in the coming weeks, despite a protracted strategic... .. read more..

China joins US in hunt for ripples in spacetime with new telescope in Tibet
Wednesday, July 16,2025,14:00

High on the Tibetan Plateau, China has completed a cutting-edge telescope designed to detect ripples in spacetime from the dawn of the universe with the help of the United States – strengthening a global effort to probe how everything began. The Ali Cosmic Microwave Background Polarisation Telescope (AliCPT), perched at 5,250 metres (17,220 ft) in Tibet’s remote Ali prefecture, was finished this month after eight years of construction involving 16 institutions worldwide, including Stanford... .. read more..

US, China ‘creeping’ toward agreement; Airbus signs deal: SCMP daily highlights
Wednesday, July 16,2025,13:15

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. US and China are ‘creeping’ towards a trade deal, former ambassador Burns says Washington and Beijing are on a “creeping path towards some kind of a deal”, former US ambassador to China Nicholas Burns said on Tuesday, while offering some rare support for US President Donald Trump’s tariff strategy towards China. 2. China’s foreign minister urges SCO to work... .. read more..

MiniMax, the ‘world-class’ AI start-up lauded by Nvidia’s Huang, plans IPO
Wednesday, July 16,2025,13:02

MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing a confidential matter. MiniMax aimed to raise between HK$4 billion and HK$5 billion (US$510 million to US$637... .. read more..

3rd CISCE: Driving global supply chain innovation
Wednesday, July 16,2025,12:45

The 3rd China International Supply Chain Expo (CISCE) is being held from July 16 to 20 in Beijing, organized by the China Council for the Promotion of International Trade (CCPIT) under the theme "Connecting the World for a Shared Future." .. read more..

HKEX starts consultation on shortening settlement cycle in cash equities market
Wednesday, July 16,2025,12:31

Hong Kong Exchanges and Clearing (HKEX) published a discussion paper outlining plans to shorten the settlement cycle in the cash equities market to further modernise its financial infrastructure. The city’s bourse operator said the move would create a path for how and when to implement the idea as global financial markets had started adopting faster timelines, according to a document released on Wednesday. It aimed to build consensus and develop a detailed implementation timeline with views from... .. read more..

Beijing vows punishment over Taiwan’s residency rules for mainland spouses
Wednesday, July 16,2025,12:13

Beijing has pledged to punish those who enforce Taiwan’s residency restrictions for mainland Chinese spouses, with Communist Party mouthpiece People’s Daily slamming Taiwanese leader William Lai Ching-te’s recent remarks about “removing impurities” on the island. On Wednesday, Chen Binhua, a spokesman for Beijing’s Taiwan Affairs Office, described the island’s tightened residency rules as “a typical case of illegal abuse of power” and accused Taiwanese authorities of “discriminatory treatment... .. read more..

Unexpected resilience and further economic transformation of China
Wednesday, July 16,2025,12:11

Unexpected resilience and further economic transformation of China .. read more..

Chinese state newspaper strikes friendly tone towards internet giants
Wednesday, July 16,2025,12:00

A leading Chinese state media outlet has expressed support for the nation’s internet platform operators, emphasising their importance alongside hard-tech companies like chip manufacturers, as it adopts a positive tone that reflects Beijing’s friendly stance towards e-commerce companies. According to the editorial published by the Economic Daily on Wednesday, food delivery and “hard-tech” breakthroughs – such as advances in high-speed trains and aerospace technologies – represented two key... .. read more..

‘Actionable results’ needed to get Chinese spending again, No 4 official says
Wednesday, July 16,2025,12:00

The Communist Party’s chief theoretician has urged groups outside the party – including China’s eight minor political parties, industry and commerce representatives, and public figures without party affiliation – to contribute to the discussion on how to boost domestic demand, as Beijing steps up efforts to entice the public to spend more. Improving domestic demand is a strategic priority and a necessary step towards ensuring the long-term and healthy development of China’s economy, said Wang... .. read more..

Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC
Wednesday, July 16,2025,11:18

Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain short-term challenges, including the property sector,” said Benjamin Hung Pi-cheng at a press conference after the council... .. read more..

China looks to Africa as testing ground for global roll-out of yuan
Wednesday, July 16,2025,11:00

China appears to be positioning Africa as a testing ground for internationalisation of the yuan as it seeks to expand the currency’s global use and break the dominance of the US dollar. During a recent meeting in Cairo, the central banks of China and Egypt signed a series of agreements to promote the use of the yuan in trade and investment. These deals – lauded by People’s Bank of China governor Pan Gongsheng as a key step in advancing economic ties – were signed last week during Chinese Premier... .. read more..

China’s visa-free boom picks up steam as entries soar in 2025
Wednesday, July 16,2025,10:38

China’s expanded efforts to encourage visitors continued to pay off in the first half of 2025, with the number of visa-free foreign entries rising by more than half compared to the same period a year earlier. Foreign nationals made 38 million trips in and out of the country, a 30 per cent increase year on year, according to the administration. “Visa facilitation measures have effectively attracted large numbers of foreign visitors for tourism and business, driving sustained growth in inbound... .. read more..

Kuok Hui Kwong, daughter of Malaysia’s richest man, to lead Shangri-La Asia
Wednesday, July 16,2025,10:15

Kuok Hui Kwong, daughter of Malaysia’s richest man, Robert Kuok Hock-nien, has been named CEO of luxury hotel group Shangri-La Asia, effective August 1. Kuok, 47, has been serving as Shangri-La Asia’s executive director since June 2016 and chairman since January 2017, according to a Wednesday filing with Hong Kong’s stock exchange. Shangri-La Asia is listed in Hong Kong and Singapore. The Harvard-educated Malaysian, the sixth of Robert Kuok’s eight children, took the helm of the luxury hotel... .. read more..

Baidu signs deal with Uber to deploy Apollo Go robotaxis in Asia, Middle East
Wednesday, July 16,2025,10:00

Chinese search engine and AI giant Baidu and global taxi-hailing firm Uber Technologies have agreed to work together to deploy thousands of Baidu Apollo Go robotaxis in markets outside the US and mainland China, a move that comes as Tesla seeks to expand its robotaxis in the US. The multi-year deal will see robotaxis deployed in Asia and the Middle East later this year, according to a joint statement. It was unclear whether the partnership would include Hong Kong, where Baidu’s Apollo Go... .. read more..

MEET CHINA Episode 36
Wednesday, July 16,2025,09:40

MEET CHINA Episode 36 .. read more..

MEET CHINA Episode 39
Wednesday, July 16,2025,09:39

MEET CHINA Episode 39 .. read more..

Hong Kong’s asset management industry hits near-record US$4.5 trillion
Wednesday, July 16,2025,09:36

Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion in 2024, or 13 per cent from a year earlier, the Securities and Futures Commission said in an annual survey published on Wednesday,... .. read more..

1 in 388 Hong Kong homeowners has a net worth of more than US$30 million
Wednesday, July 16,2025,09:00

One in 388 homeowners in Hong Kong has a net worth of more than US$30 million, making the city No 3 in terms of ultra-wealthy residents among urban centres outside the US, according to a study released on Wednesday by Altrata. Overall, Hong Kong also had the third highest number of ultra-high-net-worth individuals (UHNWIs) owning homes in the city, with 19,439, trailing New York’s 33,222 and Los Angeles with 19,781, according to the US-based group that tracks the world’s affluent. The UHNWs who... .. read more..

Huawei becomes China’s top smartphone seller for the first time in 4 years: IDC
Wednesday, July 16,2025,09:00

Huawei Technologies topped mainland China’s smartphone market in the second quarter – the first time in four years – “underscoring its strong brand appeal and effective shipment management”, according to International Data Corporation (IDC). However, China’s smartphone sales shrank 4 per cent to 69 million units in the April to June quarter due to weak consumption and reduced government subsidies for electronic devices, data from the consultancy released on Tuesday showed. It was the first... .. read more..

Free trade ‘essential’: China warns Western reshoring threatens supply chains
Wednesday, July 16,2025,09:00

China’s top trade negotiator has criticised Western efforts to de-risk and reshore manufacturing, presenting the world’s second-largest economy as a defender of global stability at a high-profile supply chain expo in Beijing. Vice-Premier He Lifeng called for a global supply chain system that leverages the comparative advantages of all countries, taking into account their different resource endowments and levels of economic development. “Some countries are currently intervening in the market in... .. read more..

China’s foreign minister urges SCO to work for more ‘equal and orderly’ world
Wednesday, July 16,2025,08:35

Chinese Foreign Minister Wang Yi has urged the Shanghai Cooperation Organisation to push for an “equal and orderly multipolar world” and reform of the global governance system. Wang told a meeting of foreign ministers from the Eurasian security bloc’s 10 members in the northern Chinese city of Tianjin: “Hegemonism and power politics are going against the trend of the times, protectionism is surging, and regional conflicts are emerging one after another.” Against that backdrop, he said the bloc... .. read more..

China’s maglev marvel, Viagra’s cancer-fighting potential: 7 science highlights
Wednesday, July 16,2025,07:00

We have put together stories from our coverage on science from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China blows up 300 dams, shuts hydropower stations to save Yangtze River habitat China has demolished 300 dams and shut down most of the small hydropower stations on a major tributary of the upper Yangtze River to safeguard fish populations as part of an effort to restore the ecology of Asia’s longest... .. read more..

Airbus signs fresh deal with Chinese partner amid talk of massive China order
Wednesday, July 16,2025,06:00

Airbus has signed a new cooperation deal with its Chinese partner that will see the company localise more production of its A321 jet in China, with the announcement coming just a week ahead of a key China-Europe leaders’ summit. The European aviation giant will work with its partner AVIC Xi’an Aircraft Industry Group to start fuselage equipping – installing components onto the front and rear parts of an aircraft – for the A321 at its factory in Tianjin under the agreement. The programme is an... .. read more..

Chinese county admits plagiarism after web users flag data identical to another
Wednesday, July 16,2025,06:00

A county government in southern China has confirmed plagiarism in an official document and pledged to “promptly correct” the offending sections in a rare admission of such misconduct. This came after internet users flagged information almost identical to that filed by another county about 400km (250 miles) away in a neighbouring province. In a news release on Tuesday, the government of Pingle county in Guangxi Zhuang autonomous region said it had detected plagiarism in “a limited number of... .. read more..

Hong Kong fights carry trade pressure with dollar sales to maintain currency peg
Wednesday, July 16,2025,04:45

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late June, purchasing the local currency and raising overnight lending costs in an effort to deter traders seeking to profit from the city’s interest rate differential with the US dollar. The city’s de facto central bank said on Tuesday that it sold US$1.89 billion and bought HK$14.83 billion at HK$7.85 per US dollar during New York trading hours on Monday. The authority added... .. read more..

US and China are ‘creeping’ towards a trade deal, former ambassador Burns says
Wednesday, July 16,2025,04:41

Washington and Beijing are on a “creeping path towards some kind of a deal”, former US ambassador to China Nicholas Burns said on Tuesday, while offering some rare support for US President Donald Trump’s tariff strategy towards China. Burns, who served as envoy to Beijing under former president Joe Biden from 2022 until this year, told a crowd at the Aspen Security Forum in Colorado that both sides had strong economic incentives to reach a trade agreement. He also pushed back against the... .. read more..

China and Europe power 24% growth in global EV sales in June
Wednesday, July 16,2025,04:21

Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A total of 1.8 million battery-powered electric vehicles (BEVs) and plug-in hybrids were sold last month, the London-based firm said on Tuesday. Sales in China jumped 28 per cent to 1.11 million units, or 60 per cent of the worldwide total, while Europe’s demand rose 23 per... .. read more..

Former top Shell engineer leaves Britain to work on ‘cleaner’ oil tech in China
Wednesday, July 16,2025,04:00

A leading engineer, who spent 20 years working for the global oil giant Shell, has left Britain to take up a position at a Chinese university to lead a team working with the petroleum industry on low-carbon technology. Jing Xudong, who was an adjunct professor at Imperial College London at the time of his departure, held a number of positions in academia and industry and collected a number of awards and honours along the way. This included his election as a fellow of Britain’s Royal Academy of... .. read more..

Robots, AI will power factories within a decade, Nvidia’s CEO says
Wednesday, July 16,2025,03:29

The world’s factories will be powered by robots and artificial intelligence within a decade, as machine learning and automation replace humans in assembly line work, especially those that are repetitive and hazardous, said the founder of the world’s most valuable company. “Today, AI is [a] fundamental infrastructure, like electricity and internet before, [and] AI is revolutionising the supply chain, changing how we build and move things,” said Jensen Huang, the CEO of Nvidia, during the opening... .. read more..

China seeks win-win global industrial, supply chain ties: vice premier
Wednesday, July 16,2025,02:43

China seeks win-win global industrial, supply chain ties: vice premier .. read more..

Hong Kong stocks power up on Nvidia resuming chip sales to China
Wednesday, July 16,2025,02:36

Hong Kong stocks rose for a fifth straight day amid signs of easing US-China tensions after Nvidia said it would resume sales of some chips to China. The Hang Seng Index advanced 1 per cent to 24,832.43 at 9.50am local time, the highest level since March 19. The Hang Seng Tech Index jumped 2.8 per cent. On the mainland, the Shanghai Composite Index and the CSI 300 Index were up 0.1 per cent. Online travel booking agency Trip.com rose 2.8 per cent to HK$504, while search-engine leader Baidu... .. read more..

Chinese brain drain a great loss for US, Nvidia CEO Jensen Huang says
Wednesday, July 16,2025,02:00

It is a “great loss” for the United States that many Chinese academics and researchers have left the country and chosen to return to China amid worsening bilateral relations, said Jensen Huang, co-founder and CEO of chipmaker Nvidia. “I’m also happy they go home, because that’s where they’re from,” Huang said in response to a question from the Post during a group interview on Tuesday. “But it’s an enormous loss for America when the brightest minds decide to come to you for education and decide... .. read more..

China, Australia issue statement on annual leaders' meeting outcomes
Wednesday, July 16,2025,01:48

China, Australia issue statement on annual leaders' meeting outcomes .. read more..

China’s Xi Jinping makes case for free trade as supply chain expo opens
Wednesday, July 16,2025,01:00

President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party – compiles statements Xi has made on the topic since 2012. The article, titled “Unswervingly Advancing High-Level Opening Up”,... .. read more..

China’s local governments urged to use legislation ‘propeller’ to power economy
Wednesday, July 16,2025,01:00

China’s local governments should use their legislative power to support private companies, recruit talent and encourage technological innovation to develop their economies, Communist Party mouthpiece People’s Daily said in a commentary on Tuesday. “The reason local legislation can serve as a propeller in economic and social development is that it establishes a stable and open system, where all types of market entities can operate within the framework of the rule of law,” the article said. The... .. read more..

Skechers to take over Patek Philippe space on Causeway Bay’s Russell Street
Wednesday, July 16,2025,00:30

Skechers, an American footwear and apparel company, is taking advantage of a slump in Hong Kong’s retail market by filling a space previously occupied by high-end Swiss watchmaker Patek Philippe on Causeway Bay’s Russell Street, one of the city’s most expensive shopping strips. A 1,036 sq ft shop on the ground floor of 50-52 Russell Street was leased to Skechers for three years at a monthly rent of HK$360,000 (US$45,860), or HK$347 per square foot, according to Rickey Chan, managing director of... .. read more..