1 hour ago From AI to chips: China courts private tech firms to help drive next 5

China has signalled growing support for the private sector, as the head of the government department that oversees economic reform sat down with representatives of the tech industry to gather input ahead of Beijing’s next five-year development blueprint, analysts said. Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), met leaders from five private enterprises to “gather opinions and suggestions for the scientific formulation of the ‘15th Five-Year Plan’, with a...

Economics

1 hour ago US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

Chinese and Malaysian police have seized over 3.8 billion ringgit (US$900 million) of assets – including yachts and property – from a syndicate alleged to have duped millions of people throughout the Asia-Pacific with promises of high-return investments. The Ponzi scheme, which operated mainly in Penang state, is believed to be linked to the MBI Group, started by Malaysian Tedy Teow Wooi Huat, who was extradited to China last year after hiding in Thailand. Seventeen people were arrested last...

Economics

5 h. ago Demand destruction can help break China's rare earths chokehold

Demand destruction can help break China's rare earths chokehold  Reuters

Politics

5 h. ago China plans to turn Shenzhen into AI and aviation hub amid US sanctions

China has outlined a string of reforms to accelerate the development of hi-tech emerging industries in the city of Shenzhen, as the tech hub in southern China grapples with a barrage of US trade restrictions. The plan focuses on boosting Shenzhen’s ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate a larger talent pool, expand local companies’ access to financing, and speed up...

Politics

19 h. ago How Apple helped China become a world leader in electronics manufacturing

How Apple helped China become a world leader in electronics manufacturing  WBUR

Politics

53 h. ago Egypt is replacing Cairo – and China is helping build the new capital

Egypt’s New Administrative Capital, located in the heart of the desert just 45km (28 miles) east of the capital Cairo, is taking shape, with China at the centre of its construction, operation and maintenance. Chinese state-owned construction giant, China State Construction Engineering Corporation (CSCEC), is not only the primary contractor for the central business district of the new city but will now operate and maintain it in a deal between China and Egypt. The new 700 sq km (270 square mile)...

Politics

4 d. ago Chinese TV host praised for helping tourist with altitude sickness in scenic spot

A renowned Chinese television host has been praised for helping a tourist suffering with altitude sickness. The plaudits came after curious online observers dug into her past life and discovered her legendary history. On May 28, television personality Zhu Xun and her colleagues came across a group of tourists after attending an environmental protection event in Garze Tibetan Autonomous Prefecture in Sichuan province, southwestern China. One woman from the group was suffering from altitude...

Politics

5 d. ago Will Sri Lanka and China push for FTA or just engage in economic diplomacy?

A long-delayed free-trade agreement (FTA) between Sri Lanka and China appears to be back on the agenda, even as analysts warn that the crisis-hit South Asian nation is not expected to benefit much from it for years after its implementation. Sri Lanka’s officials are cautiously optimistic the FTA could help narrow the country’s huge trade deficit with China. First proposed in 2014, talks between both sides for an FTA have been on hold for the past six years because Sri Lanka did not agree to some...

Economics

6 d. ago China helps Russia pull ahead in lethal drone war race with Ukraine

China helps Russia pull ahead in lethal drone war race with Ukraine  politico.eu

Events

6 d. ago China Calls for France to Help Resolve Trade Differences With EU

China Calls for France to Help Resolve Trade Differences With EU  Bloomberg.com

Politics

7 d. ago Sweet deal: how China’s agritech helped turn Egypt’s desert into top sugar farm

Near the edge of the Sahara Desert, in Egypt’s West Minya, Chinese drillers bore deep into the earth, tapping groundwater to irrigate a once 500-hectare stretch of desert – now home to the world’s largest beet sugar factory. China’s Zhongman Petroleum has drilled 193 wells over the past three years to irrigate the farm, which supplies Canal Sugar – a joint venture backed by investors from the United Arab Emirates and Egypt – with an annual capacity of 900,000 tonnes, according to the state-run...

Politics

8 d. ago How Alibaba Helped China Take the Lead From the U.S. in Open

How Alibaba Helped China Take the Lead From the U.S. in Open-Source AI  The Information

Politics

1 week ago China teacher uses lucky draw to help shy boy engage with peers, brings happiness

A primary teacher in China who hand-picked an introverted boy in a rigged lucky draw in a bid to help him integrate with his peers has won plaudits on mainland social media. A video clip of the incident at an primary school in Luoyang, central Henan province in mid-May has received 6.3 million likes and been forwarded a million times on one leading short video platform alone. The unidentified teacher told her primary two students to draw lots to decide whether they could play outside for the...

Politics

1 week ago Fury as Chinese bank offers to help rich clients’ kids gain top internships

A Chinese bank has triggered outrage by offering to help its rich customers secure prestigious internships for their children, prompting a heated debate about privilege and inequality on social media. Industrial Bank, a regional lender from Fujian province, said in a now-deleted post on the social platform WeChat that it could arrange for its clients’ offspring to gain work experience at top firms including Google and JP Morgan, according to screenshots circulating online. To qualify for the...

Economics

1 week ago Host China offers Pacific nations more climate change help in high

Beijing has pledged to expand its support for Pacific Island countries in building climate resilience, and to continue law enforcement cooperation in the region, during high-level talks in the coastal city of Xiamen in southeastern China’s Fujian province on Wednesday. Top diplomat Wang Yi made the commitment, which included US$2 million for the climate change fund, at the third foreign ministers’ meeting between China and Pacific Island states. It was also the first in-person gathering since...

Politics

1 week ago China pledges deeper law enforcement ties with Pacific Island nations

Beijing has pledged to expand its support for Pacific Island countries in building climate resilience, and to continue law enforcement cooperation in the region, during high-level talks in the coastal city of Xiamen in southeastern China’s Fujian province on Wednesday. Foreign Minister Wang Yi made the commitment, which included US$2 million for the climate change fund, at the third foreign ministers’ meeting between China and Pacific Island states. It was also the first in-person gathering...

Events

2 w. ago Stimulus helps drive China's industrial profits as trade risks loom large

Stimulus helps drive China's industrial profits as trade risks loom large  Reuters

Events

2 w. ago Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears

Chinese EV shares tumble as BYD sparks ‘rat race’ price war fears  Financial Times

Events

2 w. ago Sleep helps the brain enter repair mode to clean up free radicals, Chinese study finds

Findings open avenues for therapies to combat sleep disorders, which particularly affect older people and increase disease risk.

Politics

2 w. ago Hong Kong homebuyers flock to latest Sierra Sea units as mortgage rates ease

The temporary truce in the tariff wars between the US and China also helped improve sentiment in the property market, according to agents.

Economics