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. 2,000 tonnes of gold: China says new technology helped find largest deposits Scientists say they have discovered two potentially record-smashing 1,000-tonne gold deposits in central and northeastern China, and…
Hong Kong’s finance chief has unveiled a belt-tightening budget seeking to tap new sources of revenue and ease a HK$87.2 billion (US$11.2 billion) deficit, starting with a pay freeze for all public servants, a downsizing of the civil service by 10,000 positions and a cut in education spending. Citing the benefits of the “one country,…
Some Hong Kong government departments are expected to cut the number of contract staff as authorities seek to reduce spending amid a deficit that is forecast to reach nearly HK$100 billion (US$12.9 billion), the Post has learned. Sources revealed the strategy ahead of Financial Secretary Paul Chan Mo-po’s annual budget address on Wednesday, as academics…
In the Year of the Snake, Hong Kong enters a world that is more perilous than ever, with US President Donald Trump threatening tariffs against key trading partners and intensifying technological competition with China. Comments from Chinese officials that there are “no winners” in a trade war drop strong hints that China would not hesitate…