4 h. ago ‘Making a dent’: race is on to reap rare earths elsewhere amid China’s dominance

Beijing’s imposition of rare earth export restrictions from April – playing its trump card in the face of Washington’s intensifying tariffs and tech curbs – helped send a message to Washington ahead of this week’s discussions over bilateral export-control issues. Considered a trump card because rare earths have an outsized impact on auto, electronics and defence industries, and China dominates the supply chain, the trade in such critical minerals is widely expected to be among the key topics...

Politics

8 h. ago China, US officials agree to ‘framework’ that will need approvals by Xi, Trump

China and the United States wrapped up two days of high-level trade talks in London with an agreement “in principle to a framework” that each side will bring home for review by their top leaders. “The two sides agreed in principle a framework for implementing the consensus” that Chinese President Xi Jinping and US President Donald Trump reached in their phone call last week, and the consensus of high-level bilateral negotiations in Geneva last month, China’s top trade negotiator Li Chenggang...

Politics

14 h. ago China’s film distributors pledge more imports to diversify market

China’s film distributors have called for diversifying the country’s cinematic offerings with more and better titles from overseas, at a time when domestic productions have seized the lion’s share of the market from their imported competitors. At a work conference held by the state-owned China Film Group Corporation, as well as Huaxia Film Distribution, companies vowed to bring in “good titles from multiple countries” to improve the number, quality and market share of foreign films, state media...

Politics

15 h. ago India expected to maintain robust growth despite Pakistan tensions, trade woes

India is poised to remain the world’s fastest-growing major economy this year, analysts have said, with a recent jumbo rate cut by its central bank expected to boost consumption and investment, even as the country contends with fresh military tensions with Pakistan and an uncertain global trade environment. The Reserve Bank of India (RBI) last week delivered a larger-than-expected interest rate cut of 50 basis points and reduced the cash reserve ratio – the minimum amount of capital banks must...

Events

16 h. ago US trade officials mull further rollback of port fee rules – what’s different now?

As the world awaits the outcome of the China-US trade talks in London this week, the US Trade Representative (USTR) has proposed changes to shipping policy – marking another possible rollback from the stricter measures announced in April that aimed to revive the domestic industry and curb China’s shipbuilding dominance. The proposed revisions, issued in a short press release over the weekend, would reduce port fees for car carriers and ease restrictions on liquefied natural gas (LNG) tankers....

Politics

17 h. ago Hong Kong football fans flock to Kai Tak Sports Park for historic India match

Hundreds of eager Hong Kong football fans flocked to Kai Tak Sports Park hours before the historic and sell-out AFC Asian Cup qualifier against India on Tuesday evening. Tickets for the highly anticipated first match at the new 50,000-seat stadium were sold out well ahead of time, with fans spotted queuing up at Kai Tak Mall for jerseys and official merchandise. The match, which kicks off at 8pm, will mark the first time the Hong Kong team has played an international match at its new home ground...

Sport

17 h. ago Hong Kong football fans buzzing as new era in Kai Tak Stadium off to winning start

More than 40,000 football fans packed Kai Tak Stadium on Tuesday night to see the Hong Kong team clinch a 1-0 victory over India in a historic first home game at the new venue, with the winning goal coming from a dramatic stoppage-time penalty. The stadium was a sea of red for the crucial Asian Cup qualifier, as enthusiastic fans broke out into chants of “Hong Kong, Hong Kong” when the home side went on the attack. Hong Kong pushed hard in the final stages of the match, creating a host of...

Sport

17 h. ago Hong Kong football fans buzzing as Kai Tak Stadium era off to winning start

More than 40,000 football fans packed Kai Tak Stadium on Tuesday night to see the Hong Kong team clinch a 1-0 victory over India in a historic first home game at the new venue, with the winning goal coming from a dramatic stoppage-time penalty. The stadium was a sea of red for the crucial Asian Cup qualifier, as enthusiastic fans broke out into chants of “Hong Kong, Hong Kong” when the home side went on the attack. Hong Kong pushed hard in the final stages of the match, creating a host of...

Sport

18 h. ago Chinese premier urges faster tech applications amid US export controls

Chinese Premier Li Qiang has called for a push to speed up the application of new advances in science and technology, as the country accelerates efforts to break its dependence on US tech and develop a world-leading industrial base. In a State Council meeting on Monday, Li called the application of new technologies the “last mile” of innovation, as it links innovation and industry and is important in driving new products and services, state-run news agency Xinhua reported. The premier’s comments...

Politics

20 h. ago Pressured by US tariffs, Chinese exports expand in Vietnam, Thailand, Indonesia

Chinese exports to major industrial centres in Southeast Asia rose by double-digit percentages in the first five months of the year to satisfy growing consumer markets, feed offshore factory investments and offset losses from high US tariffs. Shipments to factory-magnet Vietnam increased by 18.8 per cent from January to May, compared with the same period in 2024, according to official data released on Monday. Meanwhile, exports to Thailand grew by 20.9 per cent, and Indonesia took 16.8 per cent...

Events

21 h. ago Macau’s closure of satellite casinos to favour licensed resort operators

Macau’s licensed integrated resorts will emerge stronger with the closure of 11 satellite casinos in the city, as gambling activities are expected to shift to the casinos’ main properties and bolster their profit margins, according to analysts. The shares of the three casino operators affected by the move advanced after the closures were announced on Tuesday. The move affected 11 casinos licensed by Macau’s concessionaires but operated by third parties, down from as many as 21 in 2022 before the...

Politics

21 h. ago 3 gambling giants to close 11 satellite casinos in Macau amid industry shake

Three gaming concession holders in Macau will shut down 11 satellite casinos by the end of this year, when a three-year transition period for amended legislation is set to expire, with local authorities to monitor the impact on the venues’ more than 5,000 affected employees. Macau authorities announced on Monday that the government had been officially notified by SJM Resorts, Melco Resorts (Macau) and Galaxy Casino that the satellite casinos would cease operations by December 31. The venues set...

Politics

25 h. ago Hong Kong medical device maker to expand China facility amid US, EU barriers

Vincent Medical Holdings, a Hong Kong-based medical device maker, has doubled down on manufacturing in China by investing in automation and digitalisation, instead of moving operations abroad amid rising trade barriers in the US and Europe. The maker of disposable radiology products and respiratory devices is building a factory in Kaiping in the western part of the Greater Bay Area, CEO Raymond Choi Cheung-tai said in an interview. Trial operations could start before the end of the year, he...

Politics

29 h. ago ‘Irresistible trend’: why Chinese firms are rushing to open factories in Hungary

When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and...

Politics

35 h. ago Hong Kong tourism sector urged to provide packages, discounts for National Games

Hong Kong’s tourism sector should consider offering promotional packages including hotel discounts to spectators at the coming National Games, which the city will co-host in November, authorities have said. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui said on Monday that a unified ticket sales platform would be used for all Games events to be held in Guangdong province, Hong Kong and Macau, with more details to be announced soon. She said once the Guangdong Provincial Executive...

Politics

37 h. ago Beijing Wraps Up Inaugural ‘Art Season,’ Making Bid to Reclaim Top Spot in China’s Art Economy

Beijing Wraps Up Inaugural ‘Art Season,’ Making Bid to Reclaim Top Spot in China’s Art Economy  ARTnews.com

Politics

37 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

38 h. ago US soybean farmers move to reduce dependence on China as trade war grinds on

Soybean farmers in the United States have stepped up efforts to diversify their export markets while maintaining China as a critical buyer, despite ongoing trade tensions between the two superpowers, according to the head of a leading industry association. Jim Sutter, CEO of the US Soybean Export Council, said that while concerns about possible disruptions persist, China’s strong demand for soybeans – a crucial commodity for food and livestock feed – would ensure the US remains an important...

Events

39 h. ago US and China begin crunch trade talks in London amid simmering tensions

Top economic officials from China and the United States have kick-started a crucial round of trade talks in London, as the world watches closely to see if the two sides can agree to roll back their “chokehold” controls over critical minerals and advanced technologies. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer – met Monday afternoon, local...

Events

39 h. ago US vows reprieve on some tech export restrictions as talks with China begin in London

Top economic officials from Washington and Beijing have launched a high-stakes round of trade talks in London, with a senior White House official signaling soon after the start that the US will ease some tech export restrictions on China, adding that he expected the Chinese government to ramp up rare earth mineral exports to American markets. The Chinese and American delegations – led by China’s vice-premier, He Lifeng, alongside US Treasury Secretary Scott Bessent, Commerce Secretary Howard...

Politics