US Treasury Secretary Scott Bessent said he will hold his first introductory call with his Chinese counterpart on Friday, and reiterated longstanding US calls for its biggest geostrategic rival to rebalance its economy toward domestic consumption. “I do have my first call with my Chinese counterpart tomorrow morning, so I look forward to a very…
Hong Kong’s Democratic Party, once a powerful opposition force in the city’s political landscape, will ask its members whether the group should dissolve after its leadership backed the idea and set up a task force to handle the legal steps involved. Chairman Lo Kin-hei said on Thursday the task force, to be led by him,…
China’s foreign ministry has accused the United States of launching a smear campaign, following the release of updates to the US-China relations fact sheet on the US State Department’s website. Ministry spokesman Guo Jiakun said the changes – which focused on the US trade deficit and competitive relations between the two countries – were “distorting…
More than 200 works by Chinese-French master Zao Wou-Ki, one of the greatest abstract artists of the mid- to late-20th century, will be shown at Hong Kong’s M+ museum later this year. The venue on Thursday said it was planning Asia’s first major retrospective of Zao’s graphic works with an exhibition tentatively titled “Zao Wou-Ki:…
U.S. President Donald Trump said on Wednesday that a trade deal with China was possible, even as his recent tariffs against the country sparked increased tensions with Beijing, News.Az reports citing Investing. Speaking to reporters aboard Air Force One, Trump said it was “possible” to ink a new trade deal with China. His comments came…
The world’s biggest grower of cereal grains – staple foods that comprise the most ubiquitous crops – is looking to further solidify its self-reliance in agricultural science and technology through 2028, according to a newly unveiled strategic plan. China’s Ministry of Agriculture and Rural Affairs has outlined 10 critically important areas to prioritise while keeping…
China’s tightening grip on radio frequencies critical for advanced technologies – from 5G networks to AI-driven weapons – threatens to eclipse US innovation and military readiness, senators and analysts warned on Wednesday, urging Congress to break a years-long stalemate over modernising America’s outdated spectrum policies. At a Senate Commerce Committee hearing, lawmakers clashed over how…
Hong Kong authorities and industry leaders have voiced optimism foreign investors will be lured by recent relaxations to a cross-border trade deal allowing the city’s business to adopt local laws and arbitration services for their mainland China operations. Maggie Wong Siu-chu, the permanent secretary for commerce and economic development, said on Wednesday that the amendment…
A Chinese engineer who worked on semiconductors at Apple has returned home to teach at his alma mater in Wuhan, capital of central Hubei province, joining a wave of scientists and other tech talent to leave the United States. Wang Huanyu – who worked as an implementation engineer for central processing units at Apple’s US…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China holds dominant position in humanoid robot ecosystem: analysts China is ahead of the West in terms of the scale of its humanoid robot industry, controlling more…