Hong Kong’s coming annual budget must address critical bottlenecks in technology and talent attraction to pave the way for the city’s first five-year development framework in line with national priorities, according to observers. The budget, to be delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is more than a fiscal exercise. It is viewed…
Hong Kong’s leader John Lee Ka-chiu has pledged to establish a “systematic policy framework” to align development goals with mainland China’s 15th five-year plan, aiming to formulate the city’s own blueprint by the end of the year. The chief executive made the remarks during a steering group meeting on Thursday convened to discuss Hong Kong’s…
At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures…
Foreign political and business leaders have voiced strong confidence in China”s innovation-driven development and high-level opening-up, seeing the country’s long-term planning as a catalyst for global cooperation. Their comments were made at a thematic briefing on the fourth plenary session of the 20th CPC Central Committee, hosted by the International Department of the CPC Central…
SONG CHEN/CHINA DAILY To be a robot or not? That is the question posed by IRON Robots. These machines have ignited a lively debate due to their strikingly human-like appearance, even prompting the unveiling of one robot”s skeleton to prove their authenticity. Nevertheless, these robots offer a tantalizing glimpse into the potential trajectory of China’s…
In the corridors of Western think tanks and financial institutions, a familiar refrain has grown louder: China’s economy is stumbling, its growth model is exhausted, and its technological ambitions are overreaching. Yet while skeptics sharpen their prophecies of doom, something consequential is unfolding across the Pearl River Delta — a transformation that suggests the doomsayers…
As China’s leadership meets this week to chart a policy course for the 15th five-year plan – China’s development blueprint for the rest of the decade – events that unfolded more than 70 years ago are echoing again. The growing external challenges of today have similarities to those the country faced in the 1950s –…
The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s cabinet. Beijing has made self-reliance across China’s AI stack – from integrated circuits…