1 hour ago How Indonesia can ensure Chinese investments remain a ‘net positive’

Indonesia must tighten oversight of Chinese-funded infrastructure projects to maximise their economic benefits while guarding against debt risk, environmental harm and lack of transparency, according to a new report by leading policy researchers. The study by US-based AidData and Indonesian think tank Foreign Policy Talks draws on more than two decades of investment data and urges Jakarta to play a more assertive role in ensuring that such projects deliver long-term public benefit. While the...

Politics

3 h. ago China’s local governments urged to use legislation ‘propeller’ to power economy

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...

Politics

15 h. ago China’s GDP figures, robots riding Shenzhen subway: 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 strong GDP figures stoke debate over stimulus as US tariff risks loom China’s economy beat market forecasts to grow 5.2 per cent in the second quarter, but analysts said headwinds would intensify in late 2025. 2. Taiwanese leader said to be planning US ‘stopover’ that’s set to anger Beijing Taiwanese leader William Lai Ching-te is planning a US...

Politics

15 h. ago Air China A350, SF Airlines B767 narrowly avoid collision in Russian airspace

Air China A350, SF Airlines B767 narrowly avoid collision in Russian airspace  AeroTime

Politics

16 h. ago Hong Kong actor Jacky Heung sued by Macau casino over HK$1.4 million debt

Hong Kong actor and model Jacky Heung is being sued by a Macau casino operator for allegedly racking up at least HK$1.4 million (US$178,000) in gambling debts following a visit to the gaming hub last December. In a writ filed with the Hong Kong District Court, MGM Grand Paradise said Heung had borrowed HK$2 million on December 1, 2024, from the operator of the MGM Macau and MGM Cotai casino hotels and converted the money into betting chips. Under the terms of the loan, Heung was required to...

Economics

17 h. ago What if Chinese, US firms make humanoid robots together? CEO calls for a collab

The founder of a prominent Chinese robotics start-up sees great value in working with American peers to advance the global development of humanoid robots – and his call for stronger collaboration between the fractious trade partners comes as China’s private sector is playing an increasingly larger role in innovation. “China has a deep foundation in manufacturing and hardware, while the United States possesses a rich AI software ecosystem,” said Wang Xingxing, founder and CEO of Hangzhou-based...

Economics

18 h. ago Developer Grand Ming avoids risking default by getting waivers from lenders

Hong Kong developer Grand Ming Group has avoided risking default by obtaining waivers from its lenders for outstanding loans totalling HK$4.8 billion (US$611.5 million). “The group has successfully obtained waivers from all lenders in respect of the breach,” the company said on Monday. “Accordingly, the lenders will not demand immediate repayment of the respective bank borrowings under the loan facilities from the group as a consequence of the breach. The group will repay the loan principal and...

Events

19 h. ago China Merchants Bank’s brokerage arm gets virtual asset licence in Hong Kong

CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first mainland broker to conduct cryptocurrency trading services and other activities in the city. The licence, issued on Monday, allowed CMBI to engage in a variety of virtual asset services, including trading, custody and advisory services. In addition, it can provide guidance on risk management, regulatory...

Politics

19 h. ago 4 children’s raincoats fail Hong Kong watchdog’s physical, chemical safety tests

Four out of 14 children’s reusable raincoats tested by Hong Kong’s consumer watchdog have failed physical and chemical safety tests due to having excessively long cords and drawstrings or posing a high risk of exposure to harmful substances. The Consumer Council said on Tuesday that one of the tested products, a B.Duck raincoat, contained levels of plasticiser that were nearly 11 times the limit outlined in the European Union’s safety standards. “The council has referred the test findings to the...

Events

19 h. ago TikTok developing separate app for US amid mounting sale pressure; Beijing approval still key

TikTok developing separate app for US amid mounting sale pressure; Beijing approval still key  TechNode

Events

20 h. ago Hong Kong DSE: 16 students achieve perfect scores, highest in exam’s history

Sixteen students have achieved perfect scores in Hong Kong’s university entrance exams, the highest number in the programme’s history and up from last year’s 11, according to authorities. One top Diploma of Secondary Education (DSE) scorer secured the highest grade across seven subjects, including three core ones and four electives and the extended maths module, as well as securing an “attained” grade in citizenship and social development. About 38.5 per cent of all DSE candidates, or 16,393...

Politics

22 h. ago Xi Urges ‘New Model’ for China Urban Development in Rare Meeting

Xi Urges ‘New Model’ for China Urban Development in Rare Meeting  Bloomberg

Politics

22 h. ago ‘China’s Ozempic’ pioneer inks deal with JD Health for online distribution

Innovent Biologics, the first Chinese company to win regulatory approval to sell a GLP-1 drug for weight loss and diabetes, will leverage JD Health’s online distribution network as it seeks to grab a slice of a market that could be worth 40 billion yuan (US$5.6 billion) in a decade. The companies will collaborate on supply chain and sales channel development ahead of Innovent’s launch of mazdutide, as well as engage in a consumer education campaign. “Innovent and JD Health will join hands to...

Politics

23 h. ago China's economy slows as consumers tighten belts, US tariff risks mount

China's economy slows as consumers tighten belts, US tariff risks mount  Reuters

Economics

26 h. ago Developing | China’s economy withstands US tariff war with 5.2% growth in second quarter

Developing | China’s economy withstands US tariff war with 5.2% growth in second quarter  South China Morning Post

Economics

28 h. ago Restrictive trade measures, roadblocks should be avoided, Jaishankar tells China

Restrictive trade measures, roadblocks should be avoided, Jaishankar tells China- decoding Beijing’s curb on earth metals  tehelka.com

Politics

36 h. ago What fuels preschool teacher development: Lessons from China, Japan, and the United States

What fuels preschool teacher development: Lessons from China, Japan, and the United States  Phys.org

Politics

36 h. ago Hong Kong care home resident arrested on suspicion of murder after man dies

A resident of a care home for the mentally disabled in Hong Kong has been arrested on suspicion of murder after another man in the facility died following a fight. A dispute broke out between two male residents, both in their fifties, at Ming Sum Home for the SEN in Wong Uk Tsuen, Yuen Long, and the confrontation turned physical at about 5.40pm on Monday. One of the men was believed to have hit and kicked the other, a police source said. The injured resident was rushed to Pok Oi Hospital in Yuen...

Events

37 h. ago Jensen Huang says China's military will avoid U.S. AI tech — 'they don’t need Nvidia’s chips or American tech stacks in order to build their military'

Jensen Huang says China's military will avoid U.S. AI tech — 'they don’t need Nvidia’s chips or American tech stacks in order to build their military'  Tom's Hardware

Events

38 h. ago 'Need to avoid restrictive trade measures': Jaishankar tells Wang Yi as India

'Need to avoid restrictive trade measures': Jaishankar tells Wang Yi as India-China talks resume in Beijing  MSN

Politics