US investment firm BlackRock, which is leading a consortium seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings, aims to take control of its two strategic Panama Canal facilities, while Italy’s wealthy Aponte family will have a majority stake in the others, the Post has learned. A source close to…
China’s efforts to deepen economic ties with Vietnam was likely part of a plan to “screw” the US, American President Donald Trump suggested on Monday while discussing tariffs and possible exemptions for automobiles and auto parts. “I don’t blame China. I don’t blame Vietnam. I don’t. I see they’re meeting today. Is that wonderful? That’s…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Xi Jinping arrives in Vietnam to boost political, trade ties amid US tariffs Chinese President Xi Jinping landed in the Vietnamese capital of Hanoi on Monday in his first…
Washington’s plans to exempt some electronic devices from its 125 per cent so-called “reciprocal” tariffs has provided a glimmer of hope for Chinese suppliers serving major US multinationals such as Apple and Tesla, but the road ahead for China’s vast electronics sector still appears tough, analysts and industry insiders say. Many smaller Chinese electronics firms…
A British MP has been refused entry to Hong Kong and bundled onto a flight home – after flying halfway across the world to meet her newborn grandson for the very first time. Wera Hobhouse, 65, who has represented Bath for the Liberal Democrats since 2017, was left devastated after her emotional family trip turned…
A dusty airstream linked to the northeast monsoon left eyes watering and throats sore in Hong Kong on Sunday. According to the Observatory, the city experienced its driest April morning since an automatic weather station was set up in 1984, with relative humidity falling to as low as 21 per cent. The Post examines the…
A British member of parliament has been denied entry to Hong Kong, in what she has called the first incident of its kind since 1997. Wera Hobhouse, the MP for Bath and a member of the Inter-Parliamentary Alliance on China (IPAC), which has been critical of Beijing’s handling of human rights issues, said she was…
A British member of parliament has been denied entry to Hong Kong, in what she has called the first incident of its kind since 1997. Wera Hobhouse, the MP for Bath and a member of the Inter-Parliamentary Alliance on China (IPAC), which has been critical of Beijing’s handling of human rights issues, said she was…
The escalating trade war between China and the US is dampening the sentiment of mainland Chinese homebuyers in Hong Kong, as macroeconomic uncertainties and currency depreciation risks weigh on the housing market, according to experts. “Hong Kong’s property market very much depends on the economy, which will inevitably be affected by the tariffs and the…
China’s depreciating yuan against the US dollar is music to the ears of Hong Kong shoppers heading over the border, but economists have warned that the move will exacerbate the downturn in the city’s retail, food and drink consumption and hammer the economy. The People’s Bank of China allowed the yuan to further weaken against…