2 h. ago Fed Turmoil Is Threatening Dollar Supremacy Just as China Pushes the Yuan

Fed Turmoil Is Threatening Dollar Supremacy Just as China Pushes the Yuan  The Wall Street Journal

Events

48 h. ago Chinese woman swallows raw fish gallbladder, hoping to relieve headache, ends up in ICU

A woman from eastern China ended up in the intensive care unit (ICU) hours after swallowing a raw fish gallbladder, believing it would cure her headache. The 50-year-old woman, surnamed Liu, from Jiangsu province, adhered to the folk remedy that claimed raw fish gallbladders could clear heat, detoxify the body, and alleviate a persistent migraine that had been troubling her. On the morning of December 14, Liu bought a 2.5kg grass carp at the market, extracted the gallbladder at home, and...

Politics

66 h. ago FMT apologises for racial question linking Malaysia’s ‘Chinese problem’ and Palestine

Free Malaysia Today (FMT) has issued an apology after one of its reporters posed a question during a public lecture that was believed to have carried racial overtones. In a statement on Wednesday, FMT said that the incident occurred during a public lecture featuring United Kingdom politician George Galloway titled “Gaza Exposes the Complicity of International Actors” held on January 12. “FMT wishes to put on record that it had no prior knowledge of the journalist’s intention to raise the...

Politics

3 d. ago Trump’s ‘Golden Fleet’ shipbuilding push to give US military and strategic advantage

The US Secretary of the Navy on Tuesday outlined US President Donald Trump’s “Golden Fleet” initiative, stating that revitalising the American shipbuilding industry is essential for restoring strategic maritime dominance over China. Speaking at the Surface Navy Association symposium, Secretary John Phelan emphasised the importance of a strong industrial base, warning that the US Navy is currently unable to compete with Beijing’s production capacity. “To be a superpower, you need a dominant...

Events

3 d. ago Trump’s ‘Golden Fleet’ shipbuilding push ‘to give US military and strategic edge’

The US Secretary of the Navy on Tuesday outlined US President Donald Trump’s “Golden Fleet” initiative, stating that revitalising the American shipbuilding industry is essential for restoring strategic maritime dominance over China. Speaking at the Surface Navy Association symposium, Secretary John Phelan emphasised the importance of a strong industrial base, warning that the US Navy is currently unable to compete with Beijing’s production capacity. “To be a superpower, you need a dominant...

Events

3 d. ago ‘Wartime footing’: US Navy chief unveils Trump’s Golden Fleet shipbuilding push

The US Secretary of the Navy on Tuesday outlined US President Donald Trump’s Golden Fleet initiative, stating that revitalising the American shipbuilding industry was essential for restoring strategic maritime dominance over China. Speaking at the Surface Navy Association symposium, Secretary John Phelan emphasised the importance of a strong industrial base, warning that the US Navy is currently unable to compete with Beijing’s production capacity. “To be a superpower, you need a dominant...

Politics

4 d. ago Caught Between Superpowers, Canada Seeks a New Path in Beijing

Caught Between Superpowers, Canada Seeks a New Path in Beijing  The New York Times

Events

5 d. ago China’s central bank sets onshore yuan fixing at strongest point in nearly 16 months

China’s central bank strengthened the yuan’s daily fixing for a third consecutive session to a nearly 16-month high, as the currency also held firm in offshore markets despite recent US dollar strength. On Tuesday, the People’s Bank of China set the yuan’s midpoint rate, also known as the daily fixing rate, at 7.0103 to the US dollar – the strongest showing since the end of September 2024, when the rate was set at 7.0074. That official midpoint rate, however, was still weaker than that of the...

Politics

5 d. ago Hong Kong stocks climb as yuan hits strongest level in nearly 3 years

Hong Kong stocks opened higher on Tuesday as global investors broadened their focus beyond US markets, fuelling gains across Asian equities, while the yuan advanced to its strongest level against the US dollar since May 2023. The Hang Seng Index surged 1.8 per cent to 27,074.42 as of 9.45am, the Hang Seng Tech Index rallied 1.6 per cent. On the mainland, the CSI 300 Index edged up 0.3 per cent and the Shanghai Composite Index slipped 0.1 per cent. Chinese pharmaceutical and healthcare shares...

Events

5 d. ago Hong Kong stocks climb as yuan strengthens and investors broaden focus beyond US

Hong Kong stocks rose on Tuesday as global investors broadened their focus beyond US markets, fuelling gains across Asian equities, while the yuan advanced to its strongest level against the US dollar since May 2023. The Hang Seng Index closed 0.9 per cent up at 26,848.47, after earlier gaining more than 2 per cent to 27,143 – its highest since last November. The Hang Seng Tech Index was little changed after advancing more than 2.4 per cent in the morning. On the mainland, the CSI 300 Index and...

Economics

6 d. ago China’s daring engineering feat, Malaysia border chaos: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. China turns mega-project failure into defining moment in modern engineering China has pulled off a daring underground feat, using a multimillion-dollar tunnel boring machine (TBM) to recover its stranded twin beneath the country’s largest river. 2. System failure at Malaysia-Singapore border...

Events

7 d. ago 'Hermès of durian': The luxury fruit cashing in on China's billion

'Hermès of durian': The luxury fruit cashing in on China's billion-dollar appetite  Yahoo! Finance Canada

Economics

8 d. ago US Commerce Department drops plan to crack down on Chinese drones

The US Commerce Department said on Friday it has withdrawn a plan to impose restrictions on Chinese drones to address national security concerns after an earlier crackdown on passenger cars and trucks. Last month, the US Federal Communications Commission barred imports of new models of foreign-made drones and critical components including from China’s DJI and Autel on US national security grounds. The FCC this week said it was exempting some non-Chinese drones from the restrictions. The...

Events

8 d. ago China’s yuan to strengthen to 6.85 per US dollar in first quarter of 2026: Morgan Stanley

Morgan Stanley has revised its outlook for the yuan, now forecasting it to strengthen to about 6.85 per US dollar in the first quarter of 2026 from a previous call of 7.05, before weakening slightly to about 7.0 by the end of the year. The bank said it expects China’s “robust” exports through 2026 to 2027 to provide “a steady tailwind to nominal yuan”, with volumes projected to grow 5 to 6 per cent as the recovery in global demand broadens beyond tech and the country’s price competitiveness...

Politics

8 d. ago Yuan to strengthen to 6.85 per US dollar in first quarter 2026: Morgan Stanley

Yuan to strengthen to 6.85 per US dollar in first quarter 2026: Morgan Stanley  South China Morning Post

Politics

9 d. ago Zambia in early talks with China on currency swap to cut dollar debt exposure

Zambia in early talks with China on currency swap to cut dollar debt exposure  Business Insider Africa

Politics

1 week ago Cambodia dissolves accused scam tycoon Chen Zhi’s Prince Bank

A Cambodian bank founded by accused scam boss Chen Zhi, who has been indicted by the United States over a multibillion-dollar fraud and extradited to China, was ordered liquidated on Thursday, Cambodia’s central bank said. Prince Bank “has been placed under liquidation in accordance with the laws of the Kingdom of Cambodia”, the National Bank of Cambodia (NBC) said in a statement. Prince Bank has been “suspended from providing new banking services, including accepting deposits and providing...

Politics

1 week ago Canada’s Carney to visit China, as Trump tariffs hurt US ties

Prime Minister Mark Carney will make an official visit to China next week as his government tries to rebuild relations with the Asian superpower and reduce Canada’s economic reliance on the US. Carney is set to meet with Chinese President Xi Jinping during the visit and will have discussions on trade, energy, agriculture and international security, his office said Wednesday. It will be the first trip to China by a Canadian prime minister in nearly a decade, after a diplomatic row was sparked by...

Politics

1 week ago Canada’s Carney to meet Xi in China, as Trump tariffs hurt US ties

Canadian Prime Minister Mark Carney will make an official visit to China next week as his government tries to rebuild relations with the Asian superpower and reduce Canada’s economic reliance on the US. Carney is set to meet with Chinese President Xi Jinping during the visit and will have discussions on trade, energy, agriculture and international security, his office said Wednesday. It will be the first trip to China by a Canadian prime minister in nearly a decade, after a diplomatic row was...

Politics

1 week ago Vietnam overtakes Thailand as Chinese tourists' top choice for travel

Vietnam welcomed a record number of foreign tourists in 2025, as a resurgence of Chinese visitors and relaxed visa policies helped lure travellers. The Southeast Asian nation received around 21.2 million international visitors last year, up 20 per cent, according to the National Statistics Office. Its previous peak was 18 million, recorded in 2019 before the pandemic. Vietnam’s surge is part of a broader realignment in Southeast Asia’s multibillion-dollar tourism industry, largely at the expense...

Politics