3 h. ago Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says

Nvidia is nixing China from its financial forecasts because U.S. restrictions on chip sales have tightened so much, Jensen Huang says  Fortune

Economics

9 h. ago ‘Any time, any place’: Philippine army to be deployed to South China Sea islands

A senior Philippine military official has revealed a soon-to-be-deployed strategy that would involve an army contingent to support law enforcement units on occupied islands in the South China Sea. Observers said the strategy would align with Manila’s policy shift from an internal to external defence posture aimed at protecting the country’s territorial waters. One expert, however, warned that it could lead to more aggressive moves by the Chinese navy and coastguard if Beijing were to view...

Politics

12 h. ago Huawei’s HarmonyOS gains traction in China with 103 million smartphones shipped

Huawei Technologies has shipped more than 103 million smartphones and 21 million tablets running its proprietary HarmonyOS operating system, with nearly half delivered in 2024, according to consultancy Canalys. The Shenzhen-based technology giant shipped 46 million smartphones and 10.5 million tablets last year, signalling an accelerating pivot to its in-house operating system, serving as an alternative to Google’s Android amid US sanctions. Huawei has been transitioning its devices to its own...

Economics

12 h. ago ‘Watershed moment’: how Huawei’s HarmonyOS flourished in China amid US sanctions

Huawei Technologies has shipped more than 103 million smartphones and 21 million tablets running its proprietary HarmonyOS operating system, with nearly half delivered in 2024, according to consultancy Canalys. The Shenzhen-based technology giant shipped 46 million smartphones and 10.5 million tablets last year, signalling an accelerating pivot to its in-house operating system, serving as an alternative to Google’s Android amid US sanctions. Huawei has been transitioning its devices to its own...

Politics

15 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

17 h. ago China’s car industry runs on empty as supply chain bills go unpaid

China’s car industry runs on empty as supply chain bills go unpaid  Financial Times

Politics

17 h. ago China delays approval of $35bn US chip merger amid Donald Trump’s trade war

China delays approval of $35bn US chip merger amid Donald Trump’s trade war  Financial Times

Politics

17 h. ago China cautions citizens in Iran, warns those in Israel of potential attacks

China cautions citizens in Iran, warns those in Israel of potential attacks  Reuters

Events

19 h. ago Embassy urges Chinese in Iran to stay alert after Israeli airstrikes, explosions

The Chinese embassy in Tehran called Iran’s latest security situation “severe and complicated” following Israel’s military strikes early on Friday, while also warning its citizens and businesses to monitor the situation and take precautions. “The embassy in Iran reminds Chinese citizens and businesses in the country to closely monitor the situation, enhance their safety awareness, and strengthen security measures,” it said in a statement. Israeli Prime Minister Benjamin Netanyahu has confirmed...

Events

19 h. ago Chinese citizens in Iran, Israel need to prepare for attacks, embassies warn

The Chinese embassy in Israel warned its citizens on Friday morning to take safety precautions for potential attacks as Tehran considers a retaliation against Israeli strikes targeting its nuclear sites. The Israeli strikes were “significantly escalating the tensions” in the Middle East, the embassy said in a statement that urged Chinese citizens in Israel to closely monitor the evolving situation, remain calm, and stay vigilant. “Citizens are advised to prepare for potential attacks involving...

Events

19 h. ago China warns of fallout from Israel’s strikes on Iran, eyes role in easing crisis

Beijing has voiced “grave concern” over the potential fallout from Israeli strikes on Iran and urged all sides to prevent further escalation, while diplomatic observers highlighted China’s potential in coordinating with stakeholders and brokering a ceasefire. At a regular press briefing on Friday, foreign ministry spokesman Lin Jian said that China firmly opposed any violations of Iran’s sovereignty, security, and territorial integrity, as well as actions that “escalate the tension”. “The sudden...

Events

20 h. ago Severe Tropical Storm Wutip: Hong Kong’s T1 to remain in force for most of Friday

The Hong Kong Observatory has said the No 1 typhoon warning signal will remain in force for most of Friday, as the storm edges slightly away from the city. The forecaster said in a special weather warning at 8am on Friday that Severe Tropical Storm Wutip intensified on Thursday night but had taken a slightly westward path away from Hong Kong. “The standby signal No 1 will remain in force for most of the time [on Friday],” it said. “The Observatory will assess [between Friday night and Saturday...

Events

20 h. ago Severe Tropical Storm Wutip: Hong Kong’s T1 alert to remain in force for Friday

The Hong Kong Observatory has said the No 1 typhoon warning signal will remain in force on Friday as it considers whether to raise the signal on Saturday. The forecaster said on Friday afternoon that Severe Tropical Storm Wutip, which brought squally showers to the coast of Guangdong, will turn northeastwards gradually. “The standby signal No 1 will remain in force [on Friday],” the forecaster said. Wutip, which is the Cantonese word for “butterfly”, will move across Beibu Wan on Friday,...

Events

21 h. ago Japan warns of collision risks after Chinese fighter jet manoeuvres

Japan has expressed serious concerns to Beijing through diplomatic and defence channels after a Chinese fighter jet from the aircraft carrier Shandong made “abnormal approaches” to a Japanese patrol aircraft over the Pacific Ocean. In a statement, Tokyo’s defence ministry said a J-15 fighter shadowed its P-3C patrol aircraft operating over the Pacific for about 40 minutes from 10.30am on Saturday and again for around 80 minutes from 2pm on Sunday. The ministry said the Chinese fighter approached...

Events

31 h. ago Nvidia CEO says Huawei has everyone ‘covered’ if US chip ban on China stays

Nvidia founder and CEO Jensen Huang said his company’s technology remained a generation ahead of those developed by China, but warned that Huawei Technologies was in a position to expand its semiconductor business should US chip export curbs stay in place. In an interview with US broadcaster CNBC on Thursday, Huang appeared to echo recent published remarks made by Huawei founder and CEO Ren Zhengfei, who said the Chinese company’s Ascend artificial intelligence (AI) processors lagged behind...

Politics

32 h. ago Hongkongers may have to pay higher tolls at Aberdeen Tunnel, Shing Mun Tunnels

Hongkongers may have to pay more to use the Aberdeen Tunnel and the Shing Mun Tunnels under a government proposal to raise tolls from HK$5 (64 US cents) to HK$8 to help recoup some of their hefty annual losses, the Post has learned. The tunnels’ current flat fee of HK$5 for all vehicles has remained unchanged for 34 years. A source said on Thursday that authorities were planning to raise the toll to HK$8. The Shing Mun Tunnels recorded a deficit of HK$52 million in the 2023-24 financial year,...

Politics

32 h. ago WeChat Pay records fourfold rise in mainland tourist taxi payments in Hong Kong

WeChat Pay Hong Kong has recorded a fourfold increase in mainland Chinese tourist payments for taxi services in the city from last year and growing usage among locals and visitors alike, according to parent company Tencent. Vice-President of Tencent Financial Technology Daniel Hong Danyi said on Thursday that the number of transactions from mainland tourists paying for taxi fares through WeChat Pay had seen a fourfold increase year on year. “We saw that previously, many mainland tourists coming...

Economics

33 h. ago China’s PLA Daily slams US Golden Dome plan, warns of space arms race

China’s military newspaper has condemned America’s planned “Golden Dome” space-based missile defence system, warning that it may threaten global strategic stability and trigger an arms race in space. “The development of the Golden Dome system and the US Space Force’s rapid expansion have further militarised outer space,” a commentary in the PLA Daily warned on Thursday, adding that such moves could potentially intensify great power rivalry and challenge international arms control norms. The...

Events

35 h. ago Pentagon chief warns China preparing for war, calls Beijing top US threat

Pentagon chief warns China preparing for war, calls Beijing top US threat  Business Standard

Events

44 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect most of day

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has said that the No 1 typhoon warning signal will stay in force for most of Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Hong Kong Observatory issued the signal at 12.40am on Wednesday...

Events