In April, US President Donald Trump announced sweeping, across-the-board tariffs targeting friends and foes. While reciprocal tariffs were temporarily suspended for most countries — China being the key exception — a baseline 10% levy on all US imports and auto tariffs remains in place. With a single stroke, Washington sent markets reeling and global policymakers…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…
Hong Kong’s tax revenue increased by about 10 per cent in the past financial year, driven in part by an influx of talent and a boost in property transactions, authorities have said. Commissioner of Inland Revenue Benjamin Chan Sze-wai on Friday also predicted a 7 per cent rise in overall collections for the 2025-26 financial…
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…
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…
Hong Kong’s finance chief has predicted the economy will post solid growth for the first quarter, while pledging to press on with plans to control government spending to maintain the city’s competitiveness. Financial Secretary Paul Chan Mo-po gave his forecast on Sunday in the lead-up to this week’s announcement of gross domestic product (GDP) figures…
There is no need for Hong Kong to follow the central government in rejecting aircraft deliveries from Boeing amid the US-China trade war, analysts have said, arguing such a move would only hurt the city’s aviation hub status and local airlines’ expansion plans. Beijing ordered mainland Chinese airlines not to accept deliveries of up to…
President Donald Trump said he would not consider reducing tariffs on China without a major concession. “Well, I’m not going to drop ’em unless they give us something that’s, you know, substantial. Otherwise, I’m not going to drop ’em. It’ll all work out. Those things always work,” Trump told reporters aboard Air Force One. When…
US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…
Tesla‘s ambitious plan to produce thousands of humanoid robots this year has hit a snag as China’s rare earth export restrictions—imposed in response to President Trump’s tariffs—have disrupted the production of its Optimus robots.During Tesla’s earnings call, CEO Elon Musk confirmed the disruption: “Optimus was affected by the magnet issue from China,” adding that the…