Hong Kong must transform itself from a transshipment port into a global supply chain services hub to navigate a raging US-China trade war while leveraging its position as an international shipping and trading centre, industry leaders have said. Kennedy Wong Ying-ho, honorary president of the Hong Kong Chinese Importers’ and Exporters’ Association, said on Thursday…
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…
More foreign property investors in the Greater Bay Area are likely to sell off assets this year amid lingering uncertainties in the real estate market in mainland China. Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields as the area’s commercial property market is plagued with oversupply. Speculation about China Vanke’s…
According to people involved in policy discussions, that is wishful thinking: A bazooka isn’t coming—at least not this year. Hopes rose for bolder stimulus action when a key Chinese legislative session was postponed until this week. Some investors and analysts viewed it as a sign that Chinese leader Xi Jinping was waiting for U.S. election…