The United States Supreme Court’s decision to strike down President Donald Trump’s global tariffs, and his imposition of a 15% global tariff in response to the verdict, have concerned the world and its trade order. India and China seem to be among the biggest winners, while the United Kingdom appears to be the biggest loser…
With Hong Kong set to unveil its annual budget, economists have said the city should strengthen its role in pushing the internationalisation of the Chinese yuan as Beijing presses ahead with financial opening while keeping stability firmly in view. From expanding offshore yuan products to using its stablecoin regulations as a sandbox for potential cross-border…
ISTANBUL- Anadolu Agency China has announced tax incentives for the next five years to promote science and technology in the country, the state-run news agency Xinhua reported on Feb. 21. The Ministry of Finance, the General Administration of Customs, and the State Taxation Administration issued a joint statement announcing the incentives. China launched its 15th…
When an ibuprofen dance challenge went viral on the Chinese social media platform Douyin in late 2022 during the Covid-19 pandemic, shares of the country’s leading ibuprofen maker surged more than 200 per cent in two weeks. Now profits at Shandong Xinhua Pharmaceutical are plunging, and it is not alone, as drug makers are hit…
Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying…
When Hong Kong and Macau Affairs Office director Xia Baolong recently described Hong Kong’s executive-led system as a distinct governance model, he elevated it from an administrative arrangement to constitutional doctrine. A doctrine is not merely about structure. It is about how governance power is exercised. In Hong Kong’s executive-led system, that exercise begins with…
US intelligence agencies believe China is developing a “new generation” of nuclear weapons — with Beijing having reportedly conducted at least one undisclosed explosive test already. China’s plan to radically advance its nuclear capabilities — beyond its 600 operational warheads — could mean a severe shift in its overall nuclear strategy, US officials told CNN….
Chinese cinemas are boosting the holiday economy through various marketing and promotion campaigns during the Spring Festival movie season. The nine-day holiday, the longest Spring Festival movie season in history, has delivered a vibrant screening feast of comedies, action films, animations, and sci-fi productions to audiences nationwide. As of Saturday, the 2026 Spring Festival box…
The three-day trip, at Beijing’s invitation, comes more than eight years after Trump’s first visit to China during his first stint as president. Listen to this article | 2 mins info Published On 21 Feb 202621 Feb 2026 Click here to share on social media share2 Share Donald Trump will travel to China from March 31 to…
The new 10 per cent global tariffs imposed by the United States will only have a “limited impact” on Hong Kong, the city’s treasury chief has said, adding that the move highlights the city’s strength as a safe haven for capital amid geopolitical uncertainty. The remarks followed US President Donald Trump’s announcement on Friday to…