Former governor Chris Patten once said nobody ever profited from betting against Hong Kong. Anybody wagering against its “one country, two systems” policy will undoubtedly be out of pocket. Since 1997, the policy has been the city’s lodestar. While the post-reunification settlement was repeatedly challenged, most notably during the 2019 social unrest, Hong Kong has…
In an age when megaphone diplomacy too often substitutes for statecraft, United Kingdom Prime Minister Sir Keir Starmer’s decision to deepen ties with China marks a welcome return to enlightened high-level politics and diplomacy. His call for a “more sophisticated relationship” is not a euphemism for naivete. It’s an acknowledgment that complexity — not slogans…
China’s property sector has failed to overcome a persistent debt crisis, despite rate cuts and loosened restrictions on homebuying (WANG ZHAO) · WANG ZHAO/AFP/AFP China’s economy likely grew last year at its weakest rate in three decades, outside of the pandemic, according to an AFP survey of analysts ahead of official data on Monday. The…
China — one of the world’s biggest buyers of Venezuelan oil — reacted to President Trump’s ouster of the Latin American country’s leader over the weekend with a series of condemnations but no signals of retaliation so far, as the world continues to assess the shocking weekend move to arrest President Nicolás Maduro. China is…
A strategic bridge project connecting two technology parks on either side of the boundary between Hong Kong and Shenzhen has been launched and will facilitate cross-border integration, according to the city leader. Chief Executive John Lee Ka-chiu was upbeat at the opening ceremony of the Hong Kong side of the Hetao Shenzhen-Hong Kong Science and…
Hong Kong’s leader will head to Beijing on Monday for his annual duty visit and meet with state leaders, less than a month after the city’s deadliest fire in decades. Chief Executive John Lee Ka-chiu will be in the capital for the duty visit from Monday to Wednesday, briefing leaders on Hong Kong’s latest economic,…
Hong Kong will hold the Apec finance ministers’ meeting in October next year as part of China’s efforts to host the regional economic forum, the Post has learned. A source also revealed on Friday that Macau would host the tourism ministers’ meeting for the Asia-Pacific Economic Cooperation forum. Last month, Chinese President Xi Jinping announced…
Revenues of China’s top military firms fell 10% last year. (EPA Images pic) HONG KONG: Revenues at China’s giant military firms fell last year as corruption purges slowed arms contracts and procurement, according to a study released today by a leading conflict think tank. The Chinese declines contrast with strong revenue growth globally for big…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Get faster notifications on the latest updates by downloading our app. What we know so far: 94 people, including a firefighter, have died 76 injured including 11 firefighters 25 calls for help remain unresolved…
Deep Dive delves into hot issues in Hong Kong and mainland China. Our easy-to-understand articles provide context to grasp what’s happening, while our questions help you craft informed responses. Check sample answers at the end of the page. Rare earth minerals are crucial for many technologies, from smartphones to electric vehicles and weapons. China is…