Softening US economic data spurred the Federal Reserve into decisive action this week to support growth. An even weaker set of data out of China has left investors puzzled why its government hasn’t also mounted a concerted response. In fact, Chinese fiscal policy has shown evidence of tightening, not loosening. Monetary policy similarly shows no…
Hong Kong is seeking to deepen ties with trading partners in Europe, with the city’s finance chief set to make his second post-pandemic trip to London after heading to Madrid for four days. The Post learned that Financial Secretary Paul Chan Mo-po could also meet British officials, months after the country’s Labour Party took office,…
Hong Kong is facing more political and economic pressure in the wake of intensifying tensions between China and the United States. Shortly after an unjustified business alert by Washington over the perceived threats arising from the city’s national security laws, the government’s overseas trade offices in the US are also bracing for possible restrictions under…
China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very similar to 2023 in a sign it doesn’t want to encourage refiners to boost activity. Seven refiners and traders received permission to export 8 million tons of gasoline, diesel and jet fuel…
China’s air quality is improving as industrial activity declines and its power and transportation sectors speed up decarbonization efforts. Concentrations of small airborne particulates fell 2.9% over the first half of 2024 from the same period the year before, the Finland-based Centre for Research on Energy and Clean Air said in a report. The air…
Malaysia’s king has arrived in Beijing for a four-day trip to China – the first by the country’s monarch in a decade and his first overseas state visit since being crowned in July – as the two countries celebrate a half-century of bilateral ties. Talks are expected to range from cooperation on high-speed rail to…
The flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Raa | Nurphoto | Getty Images Chinese companies are ramping up efforts to produce a viable alternative to Nvidia’s chips that power artificial intelligence as Beijing continues its efforts to wean itself off American…
A child from a Japanese primary school in southern China died on Thursday morning after being attacked by a man with a knife the day before, the Japanese embassy in Beijing said. The 10-year-old was injured on the way to school in Shenzhen, Guangdong province, the embassy posted to its Weibo on Thursday morning. The…
HONG KONG (Reuters) -China’s commerce minister said on Wednesday that Beijing will continue to negotiate “until the last minute” on the European Union’s electric vehicle probe, with the investigation undermining confidence of Chinese companies investing in Europe. Wang Wentao was speaking in Brussels at a China-Europe Electric Vehicles event where around 30 top executives of…
It’s 1 a.m. and Thomas Wu is riding his bike on the empty streets of Shanghai. The 43-year-old insurance executive has had another meltdown. Wu’s pay has been slashed by 20% in a nationwide push to lower salaries at state-owned finance companies. He frets about layoffs and wonders how he’ll find 600,000 yuan ($84,500) to…