A newly established international mediation body headquartered in Hong Kong can fill a gap in existing global dispute resolution systems, the city’s justice minister has said, as he stressed the importance of institutional support. Secretary for Justice Paul Lam Ting-kwok said on Friday that Hong Kong’s advantages under the “one country, two systems” governing principle…
HONG KONG, May 20, 2025 /PRNewswire/ — Today marked the opening of the 2025 edition of Global Prosperity Summit (GPS2025), Hong Kong’s first-ever conference designed to address the most important geopolitical issues facing the world. Following the success of last year’s inaugural event, GPS2025 is reinforcing the city’s position as a super-connector by bringing together…
President Xi Jinping urged China to focus on technological self-reliance and closer ties with the Global South as he visited Shanghai on Tuesday – his first inspection trip since sweeping US tariffs prompted an escalation of the US-China trade war. The selection of the financial and industrial powerhouse as his first stop highlights China’s determination…
China will mobilise the country’s resources to spur advances in the theory and core technologies of artificial intelligence, President Xi Jinping has told the Communist Party’s inner circle. Addressing a Politburo study session on Friday, Xi said China would leverage its “new whole national system” to target bottlenecks such as high-end chips, state media reported…
The United States has been warned to stop being “complacent” and engage with the Global South to consolidate its foothold in its escalating technological competition with China. Developing countries were expected to play an “increasingly critical” role in advanced technology over the coming decades, and their ties with China would probably strengthen, according to the…
US President Donald Trump’s senseless trade war has sparked a sell-off that wiped trillions of dollars off global bourses and led to concern the global economy would tip into recession. Mainland China and Hong Kong stock markets have received welcome support from Beijing’s sovereign wealth fund to soothe rattled investors who saw their net worth…
Tariffs imposed by the US will inevitably have a short-term impact on Hong Kong as an international trading hub, the city’s finance chief said, as he vowed to prepare for the worst and take action to support businesses. Financial Secretary Paul Chan Mo-po weighed in on the sweeping tariffs for the second straight day on…
President Donald Trump’s nominee for ambassador to Beijing said on Thursday that the US leader’s strategy for China would involve “some pain” and claimed that allies must do more to counter the Asian country. Speaking in a confirmation hearing before the Senate Foreign Relations Committee, David Perdue, a former Republican senator representing Georgia, also affirmed…
China’s “open-source” approach to development presents a reliable alternative for the Global South as Western dominance wanes and the world order is reshaped, according to a leading Chinese political scientist. Zheng Yongnian, dean of the Chinese University of Hong Kong’s school of public policy in Shenzhen, said that both global orders were crumbling – the…
Egyptian President “Abdel Fattah El-Sisi” and his Chinese counterpart “Xi Jinping” share many common themes and future visions regarding the modernization of the Global South through the BRICS economic cooperation mechanism, such as enhancing cooperation between China, Egypt, and developing countries of the Global South, enhancing exchanges and mutual learning between Chinese and African academic…