China switched on 21 gigawatts of new coal power capacity in the first half of this year, the highest since 2016, according to a recent energy report. This came after electricity demand hit a historic high in July, driven by extreme heatwaves. Hydropower faltered, and coal plants were fired up to meet the load. At…
Hong Kong’s eight public universities have the capacity to take in more non-local students and the quota can be raised further without undue delay, the city’s education minister has said, revealing some have already hit the 40 per cent threshold in the new academic year. In an exclusive interview with the Post, Secretary for Education…
Hong Kong needs to develop its “geopolitical instincts” to navigate the US-China rivalry amid the broader global shift in power from the West to the East, a former top diplomat from Singapore has said. Kishore Mahbubani, who previously served as Singapore’s permanent representative to the United Nations and president of the UN Security Council, also…
China is gearing up for an intense week of diplomacy as it finalises preparations for the Shanghai Cooperation Organisation summit in Tianjin this month, followed by a grand military parade in Beijing to commemorate the end of World War II. All eyes will be on how China asserts its diplomatic clout and positions itself as…
Hong Kong exporters have expressed relief after a 90-day extension to a trade tariff truce between China and the US, with worries easing over potentially affected shipments bound for the world’s largest consumer market ahead of the major Thanksgiving and Christmas holiday seasons. But while the move provides a reprieve from the trade dispute escalating,…
Jeffrey Sachs is an economics professor and director of the Centre for Sustainable Development at Columbia University. He is president of the UN Sustainable Development Solutions Network. He was a special adviser to the UN Secretary General and has advised multiple governments on economic transition, debt crisis solutions and poverty alleviation policies. Part 1 of…
Hong Kong will achieve new economic breakthroughs despite a “complicated and volatile” external environment, the finance chief has told foreign investors while unveiling the government’s first business report in four years. Financial Secretary Paul Chan Mo-po said on Wednesday that the city was in the midst of transformation and upgrading, but warned that some traditional…
The murmurs of a détente that grew in the first quarter have given way to fresh tensions, with the problems between the two sides multiplying and widening to a surprising degree before Thursday’s showdown in the Chinese capital. In recent months, trade friction and China’s support for Russia have resurfaced as flashpoints, dashing any prospect…
The competition, titled “AI for All”, will run through September and features 17 tracks, including automobile, tourism, cross-border e-commerce, smart agriculture, and market regulation. Hosted by the Guangxi regional government, the kick-off took place simultaneously in eight cities: Guangxi’s capital Nanning, Beijing, Shanghai, Hangzhou, Shenzhen, Hong Kong, Bangkok, and Kuala Lumpur. “Hong Kong’s AI ecosystem…
Hong Kong’s industrial sector is increasingly adopting a “China plus N” strategy as a primary defence against unpredictable United States trade policies, with about 70 per cent of its members already operating in, or moving to, Southeast Asia, according to a report. Steve Chuang Tzu-hsiung, chairman of the Federation of Hong Kong Industries, said on…