China has released a new action plan to bolster its electronics manufacturing sector that stresses the need for resilient, self-sufficient supply chains, as the country confronts rising US export curbs on advanced chip technology. “The electronics manufacturing industry is a strategic, foundational and leading sector of the national economy, crucial to stabilising industrial growth and…
China has introduced new regulations requiring makers of lithium-ion battery packs to obtain a mandatory quality and security certificate, a move that comes after the demise of a major power bank brand amid a string of fire incidents caused by faulty products. Starting Friday, power banks must carry a China Compulsory Certification (CCC), or 3C…
Hong Kong’s CK Hutchison Holdings may win Beijing’s support through its plan to bring in a mainland Chinese company as a strategic investor in the controversial sale of its global port stakes, but the change in tack has also fuelled uncertainty, experts have said. Analysts said that the planned US$23 billion deal to sell CK…
Portable lithium-ion batteries without the China Compulsory Certification (3C) safety mark – a mandatory quality assurance standard for many products sold on the mainland – were barred from domestic flights, according to the CAAC. Under regulations that aviation authorities in Hong Kong and across Asia started implementing from April 7, airline passengers were barred from…
What are the origins of China’s leverage in the trade war? And why are China’s exports disrupting markets across the world? That China has a strong hand is largely because it has picked up lessons from Silicon Valley and deployed the tactics at every level of the supply chain. Just as Silicon Valley companies “hacked”…
Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong’s CK Hutchison Holdings has said it would be impossible for the controversial Panama ports sale to proceed under any illegal or non-compliant circumstances after mainland China’s market regulator asked the parties involved not to circumvent an ongoing antitrust probe into the deal last month. Monday’s statement, the first directly issued by Li Ka-shing’s…
Hong Kong tycoon Li Ka-shing has made his first in-person public appearance since controversy erupted over his conglomerate’s sale of its overseas ports to a consortium led by American investment firm BlackRock amid the US-China trade war, a deal that has drawn Beijing’s ire. The founder of CK Hutchison Holdings visited Hong Kong Sanatorium &…
China’s foreign ministry has urged all parties in the controversial sale of CK Hutchison Holdings’ overseas ports to “act prudently” and stay in touch with Beijing amid a report that the Hong Kong conglomerate’s two Panama Canal facilities may be separated from the deal. Foreign Ministry spokesman Guo Jiakun said on Monday that authorities had…