The five-day May Day holiday in China, which began on Thursday, has brought a diverse range of vibrant activities across the country, enhancing people’s holiday experiences and filling the air with a joyful and celebratory atmosphere. On the first day of the break, the ancient city of Kashgar in southwestern Xinjiang saw a surge in…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China defies ASML prediction with EUV breakthrough in advanced chip…
Standard Chartered’s first-quarter profit beat expectations, as the bank placed a greater focus on wealth management in the face of lower interest rates and rising bad debt provisions. Net profit rose 13 per cent in the first three months of 2025 to US$1.59 billion, or 62.7 US cents per share, from US$1.4 billion last year,…
Cheaper goods from China are set to become a lot more expensive for U.S. consumers with the May 2 expiration of a loophole that allowed lower cost packages to enter the country duty-free. Ultra-low cost retailers like Shein and Temu are among the major players that until Friday relied on a tax loophole that allowed…
BANGKOK — China again vowed to “fight to the end” Wednesday in an escalating trade war with the U.S. as it announced it would raise tariffs on American goods to 84% from Thursday. What You Need To Know China has again vowed to “fight to the end” in an escalating trade war with the U.S….
China’s box office revenue on the first day of the May Day holiday exceeded 200 million yuan (about 27.5 million U.S. dollars) by 17:30 Thursday according to box office tracker Dengta Data, including pre-sales and limited previews. More than 10 new films are released during the May Day holiday this year, ranging from biographies to…
The US Senate confirmed long-time China critic David Perdue as the new US ambassador to China on Tuesday, a key role amid escalated bilateral tensions and a high-stakes tariff showdown between the world’s two largest economies. Perdue, 75, a former US senator for the state of Georgia and a veteran business executive, was confirmed in…
US President Donald Trump‘s sky-high tariffs imposed in China have started making an impact even though China puts up a brave front. Tariffs have struck when China’s economy is struggling to fully recover from the pandemic effects and is also grappling with sluggish domestic demand and a protracted property sector crisis.China’s leaders are downplaying the…
Open-source satellite imagery appears to show that China is expanding one of its naval bases that hosts an aircraft carrier, as it seeks to challenge United States naval dominance. Newsweek has reached out to the Chinese Defense Ministry for comment by email. Why It Matters China has the largest navy in the world by hull…
China’s waterway passenger traffic during the five-day May Day holiday is projected to reach 7.75 million trips, more than 11 percent higher year on year as sailing continue to gain popularity as a holiday activity in recent years. The holiday, celebrated annually from May 1-5, is one of China’s busiest travel and leisure periods, as…