3 h. ago After years of US sanctions, how is Xinjiang’s economy doing?

Chinese scholars have criticised US-led sanctions over Xinjiang, saying their research showed the measures had resulted in long-term economic damage, including job losses. The findings, presented at an academic seminar in Hong Kong last month, offered one of the first aggregated assessments of the impacts of US sanctions imposed on Chinese companies over alleged human rights abuses in the far western Xinjiang Uygur autonomous region. Beijing has denied those accusations and condemned the...

Politics

10 h. ago How Apple’s grip on China slipped – and what it means for other multinationals

Apple’s launch season has arrived, an occasion once treated like a festival in China and hailed by enthusiasts as the “Spring Festival Gala of the tech world”. Tan Hui used to be one of the devoted, closely following every iPhone launch and going all out to secure the latest model. At times, she would even fly two and a half hours from her home in Sichuan province to Hong Kong – where new models sometimes went on sale earlier than on the mainland – to ensure she was one of the first to get her...

Politics

13 h. ago Ant Group pledges focus on tokenisation, not cryptocurrency ‘hype’

Ant Group has distanced itself from the business of issuing cryptocurrencies, pledging to focus on tokenisation to support the “real economy”, as the Chinese fintech giant strives to maintain a delicate balance between technological advancement and regulatory compliance. “Ant Group will not issue cryptocurrencies, nor participate in any form of the hype,” CEO Cyril Han Xinyi said during the Inclusion Conference on the Bund in Shanghai on Thursday. “Ant is focused on building technological...

Politics

15 h. ago China August bank loans pick up but well below forecast as economy struggles

China August bank loans pick up but well below forecast as economy struggles  Reuters

Economics

21 h. ago China bets big on Thai industrial cluster with US$8.4 billion investment

China has become the leading source of foreign investment in a growing, state-fostered Thai industrial cluster, backed by commitments to help build a light-rail line, design an “aerotropolis” and possibly develop property in the area, an official from the Southeast Asian country said. From 2019 to 2024, Chinese investors have received go-ahead certificates for projects worth US$8.4 billion – 16 per cent of all investment in the Eastern Economic Corridor cluster, which covers three provinces –...

Economics

21 h. ago What Effect Will China's Stock Market Rally Have on the Economy?

What Effect Will China's Stock Market Rally Have on the Economy?  Nomura Connects

Economics

22 h. ago Hong Kong aiming to become top art trading hub to rival New York: source

Hong Kong’s leader aims to elevate the city into a “world-class high-end art trading hub” to rival New York under measures to be revealed in his fourth policy address next Wednesday, the Post has learned. Efforts to strengthen the city’s multibillion-dollar art trading industry would include boosting services in financing, insurance and professional training, and designating maintenance and storage spaces in a cultural hub and near the airport, a government source said. The move will align with...

Politics

24 h. ago How will Hong Kong’s John Lee strike middle ground in policy address?

With Hong Kong leader John Lee set to deliver his annual policy address on September 17, the Post examines key topics the chief executive is expected to focus on, including a mega infrastructure project near the border, new economic drivers and livelihood issues. In the sixth of a seven-part series, Cannix Yau examines the economic challenges and political expectations to be addressed in Lee’s second last policy blueprint of his term. Chief Executive John Lee Ka-chiu will have to confront a...

Events

33 h. ago Economy&Life | A glimpse of night in Shougang Park where the 2025 CIFTIS is held

Economy&Life | A glimpse of night in Shougang Park where the 2025 CIFTIS is held  Xinhua

Events

33 h. ago US consumer inflation heats up but rate cut likely to remain on track

US consumer inflation rose last month to its highest level since January, government data showed on Thursday, although analysts believed that this would not deter the central bank from an interest rate cut next week. The data also underscored cost-of-living pressures on households as President Donald Trump’s tariffs filter through the world’s biggest economy, complicating the Federal Reserve’s role in maintaining stable prices. The consumer price index (CPI) picked up to 2.9 per cent in August,...

Politics

34 h. ago Why Mexico’s big tariff hike on Chinese cars won’t cripple their competitiveness

Chinese carmakers will likely feel the sting of Mexico’s anticipated 50 per cent tariff on cars imported from Asia, but their competitive prices and global operations may offset some of the pain, according to analysts. The proposed tariff hike, more than doubling the current level of 20 per cent, was included in a draft bill on raising levies on roughly 1,400 products – from textiles to steel – from countries with which Mexico does not have a trade deal. The bill was submitted to the Congress of...

Politics

37 h. ago Indonesia’s new finance chief plans US$12 billion boost for lending

Indonesia’s new finance minister wants to immediately flood the economy with roughly US$12 billion in cash to jump-start lending, proving his commitment to President Prabowo Subianto’s growth agenda barely three days into the job. The government would transfer half of the 400 trillion rupiah in cash reserves that it held with the central bank to state-owned lenders, Finance Minister Purbaya Yudhi Sadewa told lawmakers in a hearing on Wednesday. He added on Thursday that the cash injection would...

Economics

37 h. ago China’s $4.5 Trillion Flows Mark Potential New Era for the Global Economy

China’s $4.5 Trillion Flows Mark Potential New Era for the Global Economy  Bloomberg.com

Economics

38 h. ago China backs Three Gorges megaproject, hot on heels of giant Tibet dam

China’s top economic planner has flagged a megaproject to expand shipping capacity on the Three Gorges, slated to span the coming five-year plan, while also calling for greater investment to drive strategic initiatives. In a report submitted to the Standing Committee of the National People’s Congress on Wednesday, Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), underscored the need to push major infrastructure projects such as the new shipping channel on the...

Politics

38 h. ago ‘Very valuable’ role for Hong Kong in helping UN body reach green finance goals

Hong Kong can play a role in helping the UN achieve its sustainability and humanitarian goals through green financing, the head of innovative finance at its refugee agency has said. Siddhartha Sinha also said that developing “good partnerships” would help Hong Kong as it looked to tap into Islamic financing, citing the agency’s own experience. Sinha was speaking to the Post on the sidelines of the Asian Venture Philanthropy Network (AVPN) Global Conference in Hong Kong on Wednesday. AVPN pitches...

Politics

40 h. ago French protests underscore concerns over decline amid US, China dominance

Images of burning barricades were shown side by side with the handover ceremony for France’s new prime minister, Sebastien Lecornu, on French television channels on Wednesday as “block everything” protests brought back memories of the rallies by the populist “yellow vest” movement that rocked the country in 2018 and 2019. More than 175,000 protesters hit the streets across France on the day of Lecornu’s inauguration, according to the country’s Interior Ministry. Its government collapsed on...

Events

45 h. ago Thailand seeks to use Hong Kong’s financial status to secure smart city funding

Thailand aims to use Hong Kong’s status as a global financial centre to raise funds for a new smart city in its flagship economic development zone, according to the head of the megaproject’s public agency. Chula Sukmanop, secretary general of the Eastern Economic Corridor Office, also dismissed accusations that Beijing’s Belt and Road Initiative was a debt trap, highlighting benefits such as the thousands of jobs it had created for Thai people in the electric vehicle (EV) sector. The Eastern...

Politics

49 h. ago China eyes C919 jet breakthrough as Malaysian airline in talks to buy aircraft

Malaysian low-cost airline AirAsia has shown strong interest in acquiring the Chinese C919 passenger jet, its executive said, as part of its strategy to tap into Southeast Asia’s 700 million-strong population and capitalise on growing China-Asean business ties. “We’re in active discussions to buy the C919,” Tony Fernandes, CEO of Capital A – an investment holding company of AirAsia – told the Belt and Road Summit in Hong Kong on Wednesday. “We’re the first foreign airline to be working with...

Politics

49 h. ago AirAsia eyes deal for C919 passenger jet, in bid to tap China

Malaysian low-cost airline AirAsia has shown strong interest in acquiring the Chinese C919 passenger jet, its executive said, as part of its strategy to tap into Southeast Asia’s 700 million-strong population and capitalise on growing China-Asean business ties. “We’re in active discussions to buy the C919,” Tony Fernandes, CEO of Capital A – an investment holding company of AirAsia – told the Belt and Road Summit in Hong Kong on Wednesday. “We’re the first foreign airline to be working with...

Politics

51 h. ago Facing Trump pressure, Mexico to raise tariffs on cars from China to 50%

Mexico said on Wednesday it will raise tariffs on cars from China and other Asian countries to 50 per cent, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States. The Economy Ministry said the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and vehicles, would affect US$52 billion of imports. “They already have tariffs,” Economy Minister Marcelo Ebrard...

Politics