17 h. ago China’s Xiaomi says returns from AI investments ‘far exceed expectations’

Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters. The Beijing-based company’s efforts to apply AI in electric vehicles (EVs) and robotics are similar to Elon Musk’s plan of using the advanced...

Politics

21 h. ago Why Beijing thinks Takaichi’s Taiwan remarks challenge the post

Beijing has condemned Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan, not only as a violation of the one-China principle but also as a challenge to the post-war international order. Takaichi suggested on November 7 that Tokyo could respond militarily to a potential attack on the island, making her the first sitting Japanese leader since World War II to publicly link a Taiwan contingency with the possible deployment of Japan’s Self-Defence Forces. Beijing regards Taiwan’s restoration...

Politics

21 h. ago Why Beijing thinks Japan PM Takaichi’s Taiwan remarks challenge post

Beijing has condemned Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan, not only as a violation of the one-China principle but also as a challenge to the post-war international order. Takaichi suggested on November 7 that Tokyo could respond militarily to a potential attack on the island, making her the first sitting Japanese leader since World War II to publicly link a Taiwan contingency with the possible deployment of Japan’s Self-Defence Forces. Beijing regards Taiwan’s restoration...

Politics

39 h. ago ‘Strong breakwaters’: China’s central bank vows to shield from external shocks

Central bank governor Pan Gongsheng has stressed the importance of China maintaining a sound monetary system that remains resilient to external shocks and systemic risks, signalling a focus on stability ahead of a key policy meeting. Pan said monetary policy must balance internal and external pressures, “primarily taking into account domestic economic and financial conditions”, while also factoring in the “spillover effects” from other economies, in an editorial for the Communist Party’s...

Events

3 d. ago China’s finance chief calls for fiscal firepower as Beijing weighs 2026 goals

China’s finance minister has called for a more proactive fiscal policy to boost domestic demand, strengthen industrial security and advance technological self-reliance while mitigating debt risks, as Beijing prepares for one of its most important economic planning meetings of the year. Finance Minister Lan Foan outlined the country’s top fiscal priorities on Tuesday in an editorial published in the People’s Daily, the ruling Communist Party’s flagship newspaper. He stressed the need to support...

Events

4 d. ago Ethereum China University Tour: UIBE/Renmin University/Beijing University of Posts and Telecommunications/Central University of Finance and Economics

Ethereum China University Tour: UIBE/Renmin University/Beijing University of Posts and Telecommunications/Central University of Finance and Economics  PANews

Economics

5 d. ago In betting on Saudi Arabia, Hong Kong is really betting on itself

Hong Kong’s financial identity is entering a new chapter, shaped as much by strategic alignment as capital flows. By co-launching a US$1 billion investment fund with Saudi Arabia’s Public Investment Fund (PIF), the city is taking one of its most assertive steps yet to redefine Hong Kong’s financial identity in a rapidly changing global economy. The message is clear: Hong Kong intends to be a serious player in the next phase of global capital realignment. This comes as Hong Kong companies are...

Politics

5 d. ago China’s factory activity contracts in November for 8th month in a row

China’s factory activity contracted for an eighth consecutive month in November, according to official data, as external headwinds and weak domestic demand continued to drag on the world’s second-largest economy. The manufacturing purchasing managers’ index (PMI) stood at 49.2 in November, up from 49 a month earlier, the National Bureau of Statistics said on Sunday. The reading was in line with a forecast of 49.2 based on economists polled by financial data provider Wind. The monthly index...

Politics

5 d. ago Why Xinjiang casts a long shadow over China and Syria’s efforts to rebuild ties

China pledged to “actively consider” helping Syria with post-war reconstruction when its new foreign minister visited Beijing earlier this month. But analysts said the two sides needed to first overcome the major hurdle of militant groups linked to China’s Xinjiang region integrated into the Syrian armed forces. Chinese Foreign Minister Wang Yi told his counterpart Asaad al-Shaibani on November 17 that the two sides should gradually resume exchanges, adding that Beijing would consider helping...

Politics

7 d. ago Shanghai to shore up manufacturing while eyeing global financial status

Shanghai, mainland China’s top finance and trade hub, is set to double down on efforts to prevent the “hollowing out” of its manufacturing sector even as it pursues global financial centre status. The city’s next five-year plan, which will cover the period from 2026 to 2030, is expected to contain measures designed to lift manufacturing’s share of gross domestic product to no less than 25 per cent, in line with a national imperative to bolster the real economy and promote cutting-edge...

Economics

8 d. ago HK finance chief seeks to attract Italian company listings on stock exchange

Hong Kong’s finance chief courted Italian companies on Thursday to go public on the city’s stock exchange, which would allow them to tap into mainland Chinese liquidity and solidify their presence in Asia. Addressing the Trade Development Council’s “Think Business, Think Hong Kong” symposium in Milan, Financial Secretary Paul Chan Mo-po highlighted the deepening ties between Hong Kong and Italy, noting their shared passion for creativity and enterprise and “flourishing” bilateral trade worth...

Politics

8 d. ago Hong Kong’s finance chief seeks to attract Italian company listings on HKEX

Hong Kong’s finance chief courted Italian companies on Thursday to go public on the city’s stock exchange, which would allow them to tap into mainland Chinese liquidity and solidify their presence in Asia. Addressing the Trade Development Council’s “Think Business, Think Hong Kong” symposium in Milan, Financial Secretary Paul Chan Mo-po highlighted the deepening ties between Hong Kong and Italy, noting their shared passion for creativity and enterprise and “flourishing” bilateral trade worth...

Politics

9 d. ago Taiwanese leader Lai pledges US$40 billion rise in defence spending

Taiwanese leader William Lai Ching-te has set out plans for an unprecedented rise in defence spending worth US$40 billion over the next eight years, describing it as a historic investment to safeguard the island’s democracy and deter an increasingly assertive Beijing. In an article for The Washington Post published on Wednesday, Lai said his government had committed to “significantly increase” military expenditure to 3.3 per cent of gross domestic product next year, then raise it further to 5...

Economics

1 week ago Hong Kong pushes local currency use to shield Asia from global uncertainties

Hong Kong is ramping up efforts to expand the use of local currencies across the Asia-Pacific region, including developing a local currency debt market, as part of a push to hedge against rising geopolitical risks, according to Hong Kong Monetary Authority (HKMA) CEO Eddie Yue Wai-man. Speaking at the fourth edition of the Asean+3 Economic Cooperation and Financial Stability Forum in Hong Kong on Tuesday, Yue underlined the need to strengthen regional financial ties as Hong Kong and its...

Politics

1 week ago China, France pledge to strengthen economic, financial cooperation

China, France pledge to strengthen economic, financial cooperation  English.gov.cn

Economics

2 w. ago KazMunayGas, CNCEC Open New Chapter in Petrochemical Cooperation at Beijing Talks

KazMunayGas, CNCEC Open New Chapter in Petrochemical Cooperation at Beijing Talks  Caspian Post

Politics

2 w. ago China postpones trilateral culture ministers' meeting as Beijing

China postpones trilateral culture ministers' meeting as Beijing-Tokyo tension boils  Korea JoongAng Daily

Politics

2 w. ago Hong Kong slams US report, cites benefits America enjoys in ties with city

The Hong Kong government has lashed out at a US legislative committee for its report that urged for more sanctions on the city, as it pointed to the “substantial” commercial interests and economic benefits America had in its ties with the financial hub. A government spokesman on Wednesday condemned the US-China Economic and Security Review Commission for its annual report released the day before, criticising its “groundless attacks, slanders and smears” against various aspects of the city’s...

Politics

2 w. ago Hong Kong slams US report, cites benefits America enjoys due to ties with city

The Hong Kong government has lashed out at a US legislative committee for its report that urged for more sanctions on the city, as it pointed to the “substantial” commercial interests and economic benefits America enjoyed due to its ties with the financial hub. A government spokesman on Wednesday condemned the US-China Economic and Security Review Commission for its annual report released the day before, criticising its “groundless attacks, slanders and smears” against various aspects of the...

Politics

2 w. ago Hong Kong set for further economic growth after robust quarter, city leader says

Hong Kong’s economy is expected to continue growing after a strong performance in the previous quarter, supported by the global economic environment, a vibrant financial market and an interest rate cut, the city’s leader has said. Chief Executive John Lee Ka-chiu said on Tuesday that a persistent rise in exports and sustained expansion in domestic demand had contributed to the city’s “robust” economic performance in the third quarter, despite turbulence in the global economy, which recorded a...

Politics