58 h. ago Tariff war ‘not the end of the world’ for Hong Kong companies: trade council chief

The US-China tariff war is “not the end of the world” for Hong Kong businesses, the new head of the city’s Trade Development Council has said, as he outlined strategies to help them capitalise on geopolitical uncertainties. Chairman Frederick Ma Si-hang, who took office on June 1, also said on Monday the council would explore setting up more offices in new markets and rebranding the Asian Financial Forum to include more industry elements. The council has 51 offices around the world, including...

Events

68 h. ago John Lee exclusive interview, Chinese rethink UK degrees: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. ‘Don’t kill your successful DNA’: Hong Kong’s John Lee on tariffs, trade war 2. ‘It’s too much’: Chinese students reconsider UK degrees as policies harden 3. Loitering with intent: Beijing’s new silent South China Sea strategy? 4. Japan grows restless for next-gen fighter jets as progress with...

Politics

4 d. ago ‘Don’t kill your successful DNA’: Hong Kong’s John Lee on tariffs, trade war

Hong Kong will not destroy its “successful DNA” and jeopardise its free-port status by retaliating with counter-tariffs on the US even if geopolitical tensions with China escalate further, the city’s leader has promised. Chief Executive John Lee Ka-chiu said his administration had made “contingency plans for the worst” and would increase support for local businesses in finding “blue oceans” in new markets. In an exclusive, wide-ranging interview with the Post to mark the third anniversary of his...

Events

9 d. ago Hong Kong to stick with 2% to 3% growth goal despite strong first quarter: Chan

Hong Kong will maintain its economic growth target of between 2 and 3 per cent for this year, the city’s finance chief has said, while describing the anticipated rapid gains in the first quarter as an “exception” rather than the norm. Financial Secretary Paul Chan Mo-po also said on Monday that authorities would “prepare for the worst” despite the easing of tariffs amid the US-China trade war, but added that the recent rise in tourism would help offset sluggish domestic consumption. The...

Politics

2 w. ago China industrial profits grow, Xinjiang eyes travel boom: SCMP daily highlights

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. China’s industrial profits grow in April despite US trade war China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. 2. China’s Xinjiang woos foreigners for 1 trillion yuan tourism haul amid...

Politics

2 w. ago China’s industrial profits grow in April despite US trade war

China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. Industrial profits among larger firms, with an annual income of 20 million yuan ($US2.78 million) or above generated from their main businesses, recorded a 3 per cent year-on-year increase last month, the National Bureau of Statistics (NBS) announced on Tuesday, up from 2.6 per cent...

Events

2 w. ago Li Qiang’s Indonesia visit highlights rapid change in world order

The United States’ global tariff war has done no harm to trade and cooperation between other countries. It has prompted and energised them to nurture and develop their own relations. The uncertainty that has riled markets and troubled business has therefore had a silver lining. There is no better example in this part of the world than China – the world’s second-largest economy – and Indonesia, the biggest economy in Southeast Asia, which is also China’s biggest market. Premier Li Qiang has just...

Politics

2 w. ago China, Asean finish talks to forge stronger free trade deal amid US tariff war threat

In a dig at Washington, Beijing warns against tariffs as it wraps up talks with a region that could face some of the world’s steepest duties.

Events

3 w. ago Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause

Walmart's CEO gets honest about Trump's tariff reality: Prices are still going up despite the China trade war pause  Fortune

Economics

4 w. ago China, US Slash Sweeping Tariffs On Each Other, But Is The Trade War Over?

China, US Slash Sweeping Tariffs On Each Other, But Is The Trade War Over?  NDTV

Events

4 w. ago Trump tariffs live updates: US slashes 'de minimis' tariff, China lifts Boeing ban amid trade war thaw

Trump tariffs live updates: US slashes 'de minimis' tariff, China lifts Boeing ban amid trade war thaw  Yahoo Finance

Politics