5 h. ago Why China’s yuan is forecast to keep strengthening against the US dollar

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US dollar amid a stronger-than-expected domestic economy and growing concerns over US debt sustainability. On Tuesday, the People’s Bank of China set its daily reference rate at 7.1534 per US dollar – strengthening from Monday’s 7.1656, and the strongest level since early November. In June, the onshore yuan appreciated by 0.41 per cent against the greenback, bringing...

Politics

13 h. ago Garamendi Continues Bipartisan Push to Counter China & Strengthen Ocean Shipping Regulator FMC

Garamendi Continues Bipartisan Push to Counter China & Strengthen Ocean Shipping Regulator FMC  Seapower Magazine

Politics

19 h. ago May Fu rat problem remains, China One shut for roaches again, roaches caught in cafeteria

May Fu rat problem remains, China One shut for roaches again, roaches caught in cafeteria  WPLG Local 10

Events

20 h. ago China remains a vital market, manufacturing base for many US firms: US economist

China remains a vital market, manufacturing base for many US firms: US economist  Global Times

Economics

20 h. ago Hong Kong’s New World Development secures US$11.3 billion lifeline

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer said in an exchange filing on Monday. The package would “allow the group more flexibility to better manage its expected...

Economics

20 h. ago New World secures US$11.3 billion funding lifeline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer said in an exchange filing on Monday. The package would “allow the group more flexibility to better manage its expected...

Economics

20 h. ago Adrian Cheng leaves New World after securing funding lifeline

Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default. Cheng resigned as non-executive director of NWD, effective July 1, to “devote more time to public services and other personal commitments,” according to a filing to the Hong Kong stock exchange. Earlier, NWD said it successfully obtained HK$88.2...

Politics

21 h. ago Saudia Cargo and China Cargo Airlines sign deal to boost freight links

Saudia Cargo and China Cargo Airlines sign deal to boost freight links  STAT Times

Transport

24 h. ago China’s Communist Party tops 100 million members but growth is slowing

China’s Communist Party had more than 100 million members by the end of 2024, an increase of about 1 per cent from the previous year, according to official data released ahead of the party’s 104th anniversary. However, the rate of membership growth has continued to slow, with one insider attributing this to stricter screening by the Central Organisation Department (COD), the party’s top personnel office. In keeping with tradition, the membership data for the previous year was released a day...

Politics

24 h. ago U.S. ginseng growers and animal breeders rely on exports to China. Now they wait on a trade deal

U.S. ginseng growers and animal breeders rely on exports to China. Now they wait on a trade deal  KCUR

Politics

29 h. ago China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads

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 warns countries not to sign US trade deals at its expense 2. Why China may be keeping a close eye as Trump gets drawn into the Middle East 3. Dozens left stranded by Hong Kong’s Cathay after flight from New York cancelled 4. Palace intrigue conquers global screens: has China cast its new...

Events

29 h. ago China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads you missed

China’s US trade deal warning, Japanese princess flies economy: 5 weekend reads you missed  South China Morning Post

Events

29 h. ago China’s soft power, Cathay flight leaves dozens stranded: 5 weekend reads

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 warns countries not to sign US trade deals at its expense 2. Why China may be keeping a close eye as Trump gets drawn into the Middle East 3. Dozens left stranded by Hong Kong’s Cathay after flight from New York cancelled 4. Palace intrigue conquers global screens: has China cast its new...

Politics

29 h. ago China partially lifts Japan seafood ban but Fukushima import block remains

China has partially lifted its two-year ban on Japanese seafood imports in the latest step by Beijing to remove a diplomatic roadblock that has strained ties between the two neighbours. According to a Chinese customs notice issued on Sunday, shipments of seafood originating from “certain regions” of Japan would resume “conditionally” with immediate effect. The decision was made “under the premise of ongoing long-term international monitoring and independent Chinese sampling of Japan’s Fukushima...

Politics

29 h. ago Tickets to visit Chinese aircraft carrier in Hong Kong gone in under a minute

The first and second batches of tickets to board the Shandong aircraft carrier during its port call to Hong Kong from July 3 to 7 have been snapped up in less than a minute. The Post found the tickets for the first batch were gone within 45 seconds after they were released on WeChat on Monday. When the second batch was released at 3pm, the reservation system showed no tickets for the Shandong remained, while those for the Zhanjiang and Yuncheng vessels were snapped up within 30 seconds. A total...

Transport

30 h. ago Trump Says There’s a Buyer for TikTok But He Won’t Provide Name

Trump Says There’s a Buyer for TikTok But He Won’t Provide Name  Bloomberg.com

Politics

31 h. ago Reaction to Angel Chong’s Miss Hong Kong bid should spark reflection

Despite having been part of our lives for a long time, beauty pageants have come in for heavy criticism in recent years for objectifying women and reducing them to being judged only on their outward appearance. Despite reforms aimed at improving social perception and what constitutes “beauty”, they remain controversial. So, when Angel Chong Nga-ting, a 24-year-old local district councillor, decided to put herself out there and enter the contest for the title of Miss Hong Kong, some in the...

Politics

31 h. ago Why reaction to Angel Chong’s Miss Hong Kong bid is hypocritical

Despite having been part of our lives for a long time, beauty pageants have come in for heavy criticism in recent years for objectifying women and reducing them to being judged only on their outward appearance. Despite reforms aimed at improving social perception and what constitutes “beauty”, they remain controversial. So, when Angel Chong Nga-ting, a 24-year-old local district councillor, decided to put herself out there and enter the contest for the title of Miss Hong Kong, some in the...

Politics

32 h. ago Trump Claims Buyers Found for TikTok, Awaits China's Approval

Trump Claims Buyers Found for TikTok, Awaits China's Approval  hypebeast.com

Politics

32 h. ago China's Zijin Mining to acquire Kazakh gold mine in $1.2 billion deal

China's Zijin Mining to acquire Kazakh gold mine in $1.2 billion deal  Reuters

Economics