There is a lot of discussion in Washington and Beijing about the implications of the artificial intelligence (AI) revolution, but no clear consensus on how AI advances will impact how the world’s two leading powers relate to each other. In the following collection of short essays, Brookings scholars from different disciplines offer their forecasts on…
Hong Kong and Shanghai, China’s international and domestic financial centres, used to talk about competition more than collaboration. Now the bigger context of geopolitical tension has thrust Hong Kong to the forefront of Beijing’s commercial expansion strategy amid an American tariff and tech war aimed at containing China’ rise. Shanghai and Hong Kong have signed…
The second Central Asia-China summit wrapped up on June 17 with the signing of the Treaty on Eternal Good-Neighborliness, Friendship, and Cooperation, marking a major milestone in deepening mutual trust and strategic collaboration between China and the five Central Asian nations. The summit established new benchmarks for advancing relations among the six countries and outlined…
Hong Kong and Shanghai will sign a deal to increase collaboration in the financial sphere at the Lujiazui Forum on Wednesday, as the cities strengthen links to better withstand the implications of geopolitical tensions. Financial Secretary Paul Chan Mo-po will be present for the signing of an action plan for collaborative development between the two…
The US$23 billion sale of global port stakes by Hong Kong’s CK Hutchison could be subject to substantial changes if it is not already on the verge of collapse, with Chinese and Panamanian authorities possibly rejecting the terms, legal and logistics experts have said ahead of the deal’s deadline for exclusive negotiation. Their analysis followed…
What’s in a button? We tend to give them little thought. At most, we are irritated when one is lost or comes loose, dangling from the front of a coat or shirt. But like many of the fashion fixtures we take for granted, this unsung hero has a storied past – and present. Though most…
In just the past month, stablecoin has moved from the fringes of cryptocurrency into the heart of mainstream finance. Hong Kong enacted its stablecoin ordinance, creating a regulatory framework to legitimise and support the issuance of stablecoins, while US lawmakers discuss similar legislation aimed at fostering large-scale stablecoin adoption. Meanwhile, stablecoin issuer Circle Internet Group…
New World Development Co.’s financial distress is creating angst just as Hong Kong is starting to regain its feet. The real estate developer’s systemic importance is of great concern to residents, policymakers and investors alike. Property fire sales at New World could drag down home prices further, while a potential default will impair banks’ loan…
We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. ‘Setting sun’: on Trump’s parade day, Chinese media see a US in decline 2. Why are mainland Chinese tourists posing…
Founded in 2018 at fast-rising Chinese technology hub Hangzhou, capital of eastern Zhejiang province, Zhiyi Tech is focused on compiling style and sales data from major shopping and social-media sites around the world, providing clients with data-driven analysis of fashion market trends. Zhiyi Tech founder and CEO Zheng Zeyu said in a Post interview last…