4 h. ago 2025 Beijing CBD Forum highlights global confidence in China's economic growth

2025 Beijing CBD Forum highlights global confidence in China's economic growth  bastillepost.com

Economics

6 h. ago Canada to mine more amid geopolitical tensions: former minister Bill Morneau

Canada’s new government will invest more in mining at a time when the country’s economy and manufacturing sector are facing “challenges” related to China’s curbs on rare earth exports, Bill Morneau, former Canadian finance minister, told the Post. “One of the challenges for Canada is that we will need to increase our own mining,” Morneau, who was in office between 2015 and 2020 under then-prime minister Justin Trudeau, said in Shanghai on Friday. “The initiative by new [Prime Minister] Mark...

Politics

9 h. ago Xi urges Communist Party to learn from pioneer of China’s economic planning

Chinese President Xi Jinping urged the ruling Communist Party to learn from the legacy of early party figure Chen Yun – a pioneer of China’s economic planning – in remarks on Friday to commemorate the 120th anniversary of the late statesman’s birth. Xi called on the party to have unwavering confidence when facing “chaotic and complex turbulence”, and to strengthen its ability to cut a path for China’s economy with “objective and thorough” research, according to state news agency Xinhua. The...

Economics

12 h. ago Why are mainland Chinese tourists posing in front of MTR stations in Hong Kong?

Surrounded by a stream of passengers on an MTR platform in Hong Kong on a regular weekday, a couple paused to pose for photos next to a station sign to mark their journey. “We took photos at most of the metro stations we visited, just to record our metro route,” said Arale, a 36-year-old tourist who was visiting the city with his wife, Qing, 37, for the first time. Recording such a visual diary is part of a popular trend on Chinese social media in which people travel around Hong Kong to take...

Politics

13 h. ago Hong Kong Instagram influencer pleads for release of father arrested in Cambodia

A Hong Kong-based Instagram influencer has written an open letter to Cambodia’s prime minister, calling for the immediate release of her father, who needs urgent medical care. Stephanie Cheng, also known as Laparasian on Instagram, posted a copy of the letter in English, French and Chinese on her social media early Saturday morning. In a separate post the previous day, the influencer said that her father, Cheng Chi-gian, a French citizen, had been “kidnapped in Phnom Penh just before exposing a...

Events

17 h. ago End of political chaos in South Korea sparks pickup in Chinese visitors

Chinese tourism to South Korea is picking up with the end of political instability in Seoul and the two nations pledging closer relations shortly before visa exemptions take effect, travel industry sources said this week. Bookings from China – South Korea’s largest source of foreign visitors – for the three months from April to June have been about 24 per cent higher than for the three months ending in February, according to data compiled by the travel marketing and technology company China...

Politics

18 h. ago China boy, 11, invents 300 hair braids for toddler sister, wins admiration online

An 11-year-old boy in central China, who skilfully braids his toddler sister’s hair each day and has invented over 300 unique styles in just one year, has become a sensation on mainland social media. The siblings, known by the surname Huang, live in Zhuzhou of Hunan province and have garnered significant attention online as their mother frequently shares their heartwarming interactions on a popular social media platform. Most of these videos showcase the brother expertly braiding his...

Politics

18 h. ago Chinese boy, 11, invents 300 hair braids for toddler sister, wins online praise

An 11-year-old boy in central China, who skilfully braids his toddler sister’s hair each day and has invented over 300 unique styles in just one year, has become a sensation on mainland social media. The siblings, known by the surname Huang, live in Zhuzhou of Hunan province and have garnered significant attention online as their mother frequently shares their heartwarming interactions on a popular social media platform. Most of these videos showcase the brother expertly braiding his...

Politics

30 h. ago How China is driving a surge in shipping along Arctic sea routes

Chinese companies are showing growing interest in shipping goods to the West via the Northern Sea Route – an icy Arctic passage that opens up each summer – according to Rosatom, the Russian company that operates infrastructure along the route. The firm anticipates a significant uptick in voyages by Chinese companies along the NSR during the coming summer-autumn shipping season, and is adding more nuclear-powered icebreakers to its fleet to handle the growing traffic flow. Cargo traffic on the...

Politics

34 h. ago Despite U.S., China trade deal, tariffs keep economy in state of uncertainty

Despite U.S., China trade deal, tariffs keep economy in state of uncertainty  Axios

Economics

36 h. ago China steps up global aviation expansion as Comac bids for Laos carrier

The Commercial Aircraft Corporation of China (Comac) has reportedly bid to take a majority stake in the flag carrier of Laos, as the state-owned Chinese aviation firm continues its push to expand its market in Southeast Asia. The deal – which is pending approval by the Lao authorities – would see Comac help Lao Airlines overhaul its operations and stem its losses in exchange for the carrier agreeing to use the Chinese company’s passenger jets, Vientiane Times quoted Prime Minister Sonexay...

Politics

37 h. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

37 h. ago Cheerleaders to critics: German machinery makers call for EU action on China

Germany’s iconic machine makers used to be among the loudest cheerleaders for ever-closer economic ties between China and Europe. Now, as exports dwindle and facing “increasingly strong [Chinese] competitors” beefed up by “unfair state subsidies”, the industry is demanding that Brussels put in place trade barriers to protect it. A new position paper published on Thursday by the Mechanical Engineering Industry Association (VDMA), representing medium-sized manufacturers that help constitute...

Politics

37 h. ago Chinese worker requesting sick leave criticised for being weak and punished

A human resources supervisor in southeastern China triggered widespread public outrage and initiated a government investigation after verbally insulting an employee who requested sick leave for a fever, labelling her “too weak” and suggesting she seek psychiatric help. The controversy gained public attention on June 5, when a female employee – whose identity remains undisclosed – shared on social media that she had been verbally abused by her employer after asking for sick leave due to a...

Politics

42 h. ago Chinese man dons placard declaring he owns 2 buildings to attract partner

A man in southern China who went to a boat racing event and tried to attract a girlfriend by displaying a placard saying that he owned two buildings has trended on mainland social media. The online post has prompted more than 1,000 people to get in touch with the man. As people gathered to watch an event in Guangzhou, Guangdong province on May 31 to celebrate the Dragon Boat Festival, the man with the message around his neck drew much attention, Jimu News reported. “Unmarried. Haizhu. Two...

Politics

43 h. ago China’s Economy Withstood Trade Chaos But Momentum Likely Slowed

China’s Economy Withstood Trade Chaos But Momentum Likely Slowed  Bloomberg

Events

45 h. ago Moutai, China’s premier liquor brand, may find austerity rules hard to swallow

China’s premier liquor distiller Kweichow Moutai – a brand that had, over decades, become synonymous with sumptuous feasts – is heeding a renewed mandate for austerity from Beijing, distancing its products from the extravagant hard-drinking lifestyle with which it had been linked in the public consciousness. Management at the company, valued at 1.86 trillion yuan (US$258.73 billion), has pledged to comply with strictures stressing thrift – guidelines that have helped to remove Moutai’s expensive...

Politics

45 h. ago China’s top baijiu maker faces sobering reality as austerity trims profits

China’s premier liquor distiller Kweichow Moutai – a brand that had, over decades, become synonymous with sumptuous feasts – is heeding a renewed mandate for austerity from Beijing, distancing its products from the extravagant hard-drinking lifestyle with which it had been linked in the public consciousness. Management at the company, valued at 1.86 trillion yuan (US$258.73 billion), has pledged to comply with strictures stressing thrift – guidelines that have helped to remove Moutai’s expensive...

Politics

56 h. ago China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

Politics

56 h. ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics