China’s Vice-Premier He, US Treasury’s Bessent spar over tariffs, ‘economic imbalances’
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Both sides express ‘serious concerns’ over each other’s policies in their first call since US President Donald Trump took office.
Xi Jinping tells entrepreneurs ‘east wind’ will carry China above rivals
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The president evoked a Mao Zedong slogan to reiterate his confidence in China’s economic triumph at a high-profile meeting on the private sector.
Alibaba investors hail e-commerce giant’s AI pivot as it plots major investment outlay
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Alibaba’s Hong Kong-listed shares surged 15 per cent on Friday, following an 8 per cent gain overnight in New York.
Hang Seng Index left untouched, but tweaks made to tech, China enterprises indices
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Tencent Music and Horizon Robotics added to Hang Seng Tech Index, while ZTO Express and BeiGene added to Hang Seng China Enterprises Index.
What to expect from Friday’s call between US Treasury’s Bessent and Vice-Premier He
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China confirms video chat will take place, and it comes amid heightened bilateral tensions between the economic superpowers.
Henderson Land releases price list for Belgravia Place II housing project in Cheung Sha Wan
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First 50 flats in Belgravia Place II, with a total of 248 units, are priced at HK$15,968 per square foot on average.
Fiscal support for tech breakthroughs a focus for Beijing this year, minister says
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China has traditionally maintained a fiscal deficit ceiling of around 3 per cent, but many expect it to rise to 4 per cent this year.
Lenovo reshuffles leadership amid AI-driven growth and DeepSeek adoption
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The world’s largest PC maker named a new CFO and board members after months of double-digit growth and aggressive AI adoption.
Why isn’t Hong Kong a test bed for China’s green energy innovations?
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The city should take advantage of China’s burgeoning edge in alternative solar cell technologies to become a hub for renewables.
Signs of relief for AstraZeneca as China courts foreign investors
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Beijing appears to be extending an olive branch to the previously under-fire drug maker as it tries to shore up private sector confidence.
What did China’s tech entrepreneurs tell Xi Jinping at the symposium?
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Ren Zhengfei from Huawei, Lei Jun from Xiaomi and Wang Xingxing from Unitree all gave speeches at the high-profile meeting.
AI start-up DeepSeek to open-source 5 code repositories next week for ‘full transparency’
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‘No ivory towers – just pure garage-energy,’ DeepSeek said in post on X committing to releasing new code starting next week.
China facing more challenges than rest of Asia in reaching Trump tariff deal, analysts say
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Morgan Stanley analysts say America’s sizeable bilateral trade deficit is a difficult hurdle to overcome.
Standard Chartered to invest US$1.5 billion in profit-driving wealth business
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Hong Kong, Singapore and Dubai are centres for wealth-management growth, bank says as it reports 19 per cent profit increase in 2024.
Mixue aims to raise US$444 million in Hong Kong IPO as its juices, iced drinks take off
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Fresh drink maker’s profit surged 45.2 per cent in the first nine months of 2024, as it served up around 7.1 billion drinks.
Alibaba surges 15% in Hong Kong as market logs longest winning streak in 2 years
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Alibaba’s revenue and profit in December quarter topped estimates, helping the Hang Seng Index log its longest winning run since January 2023.
Alibaba Cloud AI model Animate Anyone 2 simplifies making of lifelike character animation
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China appears to have upped the ante in this field of generative AI, which is poised to disrupt the entertainment and advertising industries.
Google to open its first physical stores in India, taking on Apple, sources say
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The company currently has five retail stores, all in the US, which sell its products such as Pixel phones, watches and earbuds.
JPMorgan boosts BYD share price target by 60% on strong growth projections
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The US investment bank sees BYD’s Hong Kong and Shenzhen share prices at HK$600 and 560 yuan, respectively, by June 2026.
China’s central bank vows to enhance yuan amid looming risks from strong US dollar
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Adjustment of daily fixing seen as one way to resist depreciation pressure.
Hong Kong homes lost US$61.7 billion in value after removal of curbs: Centaline
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Total value of residential properties in Hong Kong stood at HK$8.99 trillion (US$1.15 trillion) in January compared with HK$9.5 trillion before the easing.
Meet Wang Xingxing, the young Chinese robotics star from Unitree at Xi Jinping’s symposium
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Wang, 35, is the founder and CEO of Unitree – one of China’s top developers of quadrupedal and humanoid robots.
Trump FBI pick Kash Patel confirmed amid Justice Department tumult
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Patel confirmed by 51-49 vote. He takes charge as Trump-backed officials seek to put their stamp on FBI and the Justice Department.
US refuses to co-sponsor UN motion backing Ukraine ahead of war anniversary, diplomats say
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Draft resolution, which a source said is being sponsored by more than 50 countries, demands Russian withdrawal from Ukraine.
EU trade chief hopeful about averting US tariffs after ‘intense’ talks with Trump’s team
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Steel a focal point of meeting between bloc’s point person on trade and new US commerce secretary plus other senior administration officials.
Zelensky calls for strong US ties after Trump brands him a ‘dictator’
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In the US, some of Trump’s team doubled down on attacks, with Elon Musk saying Zelensky was ‘despised by the people of Ukraine’.
Elon Musk and J.D. Vance ramp up Romanian election dispute
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Vance said election cancellation meant Romania does not share US values while Musk labelled chief judge of country’s top court a ‘tyrant’.
Amazon takes control of James Bond film franchise as Eon’s Broccoli and Wilson step down
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The franchise has been controlled by members of the Broccoli family since the first 007 film, Dr No, in 1962.
6 injured in bomb attacks carried out by guerilla fighters in Colombia
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Car bomb all but destroyed toll booth near Villa del Rosario; explosives detonated at police stations in same city and neighbouring Cucuta.
Hong Kong health authorities apologise after 2 children given wrong vaccines
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Nurses blamed after children mistakenly given pneumococcal vaccine instead of hepatitis B jabs.
Spain’s Rubiales guilty of sexual assault, fined for World Cup kiss
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He was also ordered not to get within 200 metres of Jenni Hermoso or communicate with her for a year.
Leadership of Hong Kong’s Democratic Party backs motion to dissolve
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Party will establish task force to arrange for 400 members to vote on whether to break up and handle legal procedures involved in liquidation.
Why Chinese leader Xi Jinping may want to accept Donald Trump’s invitation to visit US
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The US president is pushing for a visit and it may be in Beijing’s interests, but considerable hurdles will need to be cleared first.
Hong Kong director Jun Li’s pro-Palestine speech in Berlin sparks German probe
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Investigation launched after Li reads out speech by Iranian actor starring in his latest film, calling for free Palestine.
Murder accused’s eye contact enough to scare daughter, Hong Kong court hears
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Defendant Lau Kai-ping insisted on harsh treatment for his daughter and forced girl’s mother to follow, High Court trial told.
Why is endangered axolotl Mexico’s most beloved amphibian?
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There are no official estimates of the current axolotl population, but the species endemic of central Mexico is ‘critically endangered’.
North Korea, Iraq holiday? Hongkongers are seeking unique getaways, insiders say
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Industry representatives at four-day holiday expo say there is rising interest in off-the-beaten-path travel.
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
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The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
China protests against change to US State Department fact sheet: ‘halt the smear campaign’
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Another State Department website change shows Trump ‘seems indifferent’ to the importance of the Taiwan issue to Beijing, academic says.
Boosting China’s economy, downsizing US diplomats: SCMP daily highlights
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From Beijing eyeing more foreign investment to surviving a nuclear fallout, here’s a round-up from today’s China and economy coverage.
China approves RedNote’s AI translation along with 5 other models
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Approval for RedNote comes after claims last month that it might be using an unapproved model for its newly launched translation service.
Taiwan bans academic exchanges with 3 mainland Chinese universities
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Island also says it won’t recognise degrees from the institutions because of their links to Beijing’s United Front Work Department.
Interns expose dark side of medical training in Nepal
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An explosive social media post has ignited a movement to address the grim conditions faced by Nepal’s aspiring healthcare professionals.
From the ashes of Gaza, the Global South must build another world
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As US global leadership declines, the devastation of Gaza should prompt emerging nations to work towards a shared future for humankind.
In Philippines, fears of ‘cyber cold war’ amid surge in online threats
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Manila confirms foreign attempts to access its intelligence data but says there are no security breaches.
Number of people on remand in Hong Kong jails hits 24-year high
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But those serving sentences for national security, anti-government protest offences have dropped for first time.
Can China still play a role as peacemaker in Ukraine after US-Russia talks?
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Beijing has reportedly offered to provide peacekeepers, but analysts are divided about how far it is willing to go to secure a deal.
Teenager kills 2 women in knife attack at Czech shop
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Czech media said the teenager, 16, attacked a shop assistant at the counter and another worker in a service area of the shop.
China’s cleantech dominance to wane amid overcapacity, trade curbs: S&P Global
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China’s share of solar-module and battery manufacturing to drop by up to 19 percentage points by 2030, rating company says.
China and Thailand join forces to tackle multibillion-dollar scam crisis in Myanmar
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A crackdown on Myanmar’s scam hubs has freed 10,000 workers, but concerns remain over the sustainability of the efforts against powerful crime syndicates.
