China has summoned the Panamanian ambassador to complain about the country’s decision to pull out of the Belt and Road Initiative. Assistant foreign minister Zhao Zhiyuan said on Friday that Beijing “deeply” regretted the decision, according to the foreign ministry. Panamanian President José Raúl Mulino said he had given the required 90-day notice of withdrawal,…
The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”. By characterising the start-up’s achievement as a significant turning point for the country, the bank goes further than Marc Andreessen, the influential Silicon Valley venture capitalist,…
Panama has officially informed Beijing of its decision to withdraw from China’s massive infrastructure and investment project, the Belt and Road Initiative, the country’s leader announced on Thursday. Panamanian President José Raúl Mulino said he had instructed diplomats at the Central American country’s embassy in Beijing to submit the required 90-day notice of withdrawal from…
The pausing of USAID, which has been targeted by President Donald Trump‘s ally Elon Musk, could see China and Russia could step in to exert their geopolitical muscle. The halting of the U.S. development program has prompted speculation that China could fill the vacuum through its Belt and Road Initiative (BRI), Beijing’s massive infrastructure investment…
Hong Kong’s education minister has said authorities would not raise tuition fees for non-local university students significantly despite the government’s fiscal deficit, so top candidates would not be deterred. Secretary for Education Christine Choi Yuk-lin told a radio programme on Saturday that having the best students come to Hong Kong was important in maintaining the…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Tencent Holdings-backed online lender WeBank is leveraging its new Hong Kong subsidiary to tap the city’s expanding Web3 market, according to a company executive, as the financial hub continues its pursuit to establish itself as a virtual asset hub. WeBank Technology Services, launched this month, plans to be “deeply involved” in developing the city’s Web3…
Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at [email protected] or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification I refer to the…
American rock band OneRepublic is expected to make a rare appearance on China’s Lunar New Year gala – the country’s most-watched television programme. State broadcaster CCTV said on Monday that OneRepublic was included in its fifth – and final – rehearsal of the Lunar New Year gala, indicating the band would appear on the annual…
Hong Kong’s finance minister will promote the city’s advantages as a “superconnector” and a “super value-adder” during a visit to Switzerland this week for the annual meeting of the World Economic Forum. Paul Chan Mo-po said on Sunday he would take the opportunity to brief political and business leaders from around the world about the…