3 d. ago US Treasury chief to talk with Chinese vice premier on trade issues

US Treasury chief to talk with Chinese vice premier on trade issues  Anadolu Ajansı

Politics

5 d. ago US Treasury chief: Beijing's rare earths move is 'China vs world' | National | dailygazette.com

US Treasury chief: Beijing's rare earths move is 'China vs world' | National | dailygazette.com  The Daily Gazette

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6 d. ago Shutdown costing US economy US$15 billion a day, Treasury chief Bessent says

The two-week-old federal government shutdown is costing the US economy about US$15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic toll and urging Democrats to “be heroes” and side with Republicans to end it. Bessent told a news conference that the shutdown was starting to “cut into muscle” of the US economy. “We believe that the shutdown may start costing the US economy up to US$15 billion a day,” he said. The wave of...

Economics

6 d. ago Beijing’s rare earths control is ‘China versus the world’, says US treasury chief

Beijing’s rare earths control is ‘China versus the world’, says US treasury chief  MSN

Politics

6 d. ago US Treasury chief: Beijing's rare earths move is 'China vs world'

US Treasury chief: Beijing's rare earths move is 'China vs world'  Yahoo Finance

Politics

1 week ago Hong Kong retailers, caterers enjoy ‘golden week’ business growth of up to 20%

Hong Kong retailers and caterers have reported business growth of up to 20 per cent year on year during mainland China’s National Day “golden week” break, with one tourist spending a whopping HK$1 million (US$128,500) on international brands, business leaders have said. Industry leaders said stores selling gold, jewellery and cosmetic products emerged as the big winners as the eight-day break wrapped up on Wednesday, while cha chaan teng were the top dining choice, followed by Chinese...

Politics

2 w. ago Hong Kong hotels packed for National Day break. So why is the industry worried?

Hong Kong’s hotels recorded occupancy rates of more than 80 per cent in the first three days of the National Day “golden week” holiday amid a 6.3 per cent rise in visitor arrivals, but industry leaders have warned that the city’s success in managing mega-event crowds could create a new hurdle for tourism. They warned that the government’s focus on ensuring major events ended earlier at night to help with cross-border travel was undercutting demand for extended stays. “There has been a noticeable...

Politics

2 w. ago US optimism ahead of trade talks; Jane Goodall tributes: 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. US Treasury chief sees ‘big breakthrough’ ahead in China trade talks US Treasury Secretary Scott Bessent said on Thursday he expects coming talks with China to yield a “big breakthrough” in trade relations, adding that aid for soybean farmers could be announced as soon as Tuesday. 2. New mock Taiwan government buildings spotted at mainland Chinese military...

Politics

2 w. ago US Treasury chief sees ‘big breakthrough’ ahead in China trade talks

US Treasury Secretary Scott Bessent said on Thursday he expects coming talks with China to yield a “big breakthrough” in trade relations, adding that aid for soybean farmers could be announced as soon as Tuesday. Bessent made the upbeat predictions during an interview with CNBC. “The most important thing we’re going to see,” the Treasury chief offered, is a pull-aside meeting between Donald Trump and Xi Jinping at a regional summit in South Korea later this month, adding that his own trade talks...

Politics

2 w. ago 5% rise in mainland Chinese visitors to Hong Kong on first day of ‘golden week’

Hong Kong recorded a 5 per cent year-on-year rise in mainland Chinese visitors on the first day of the National Day “golden week” break, with industry leaders expecting more arrivals on Thursday and higher spending from long-haul travellers. Immigration figures showed a total of 558,431 inbound trips on Wednesday, marking a 1.27 per cent decrease from last year. But the number of mainland tourists stood at 232,751, representing a 5 per cent increase compared with the same day last year. A net...

Politics

3 w. ago Hong Kong gears up for National Day celebrations as Xi delivers upbeat message

Hong Kong has started its National Day celebrations with an upbeat message from President Xi Jinping, two visiting PLA warships thrilling onlookers in Victoria Harbour and the restaurant sector betting on a business bump of up to 20 per cent during the extra-long “golden week” holiday. In a speech in Beijing on Tuesday to celebrate the 76th anniversary of the founding of the People’s Republic of China, Xi called on the nation to keep on working hard and to forge ahead with determination in...

Politics

3 w. ago Restaurants eye 20% business bump as National Day celebrations kick off

Hong Kong kicked off National Day “golden week” celebrations on Tuesday with two People’s Liberation Army (PLA) warships thrilling onlookers at Victoria Harbour and the catering sector betting on a business bump of up to 20 per cent amid a raft of festivities in the city. Michael Leung Chun-wah, chairman of the Association for Hong Kong Catering Services Management, gave the upbeat forecast as about 4,000 restaurants – the highest number in three years – joined its campaign to offer a 30 per...

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