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. Xi Jinping arrives in Vietnam to boost political, trade ties amid US tariffs Chinese President Xi Jinping landed in the Vietnamese capital of Hanoi on Monday in his first…
A reprieve from the weekend’s tariff exemption on electronic goods proved short-lived for Chinese manufacturers and exporters, as Washington, citing national security concerns, moves ahead with plans for new tariffs on Chinese tech products. On Sunday, US President Donald Trump announced on social media that the exemption for smartphones and laptops from China would be…
Washington’s plans to exempt some electronic devices from its 125 per cent so-called “reciprocal” tariffs has provided a glimmer of hope for Chinese suppliers serving major US multinationals such as Apple and Tesla, but the road ahead for China’s vast electronics sector still appears tough, analysts and industry insiders say. Many smaller Chinese electronics firms…
The escalating trade war between China and the US is dampening the sentiment of mainland Chinese homebuyers in Hong Kong, as macroeconomic uncertainties and currency depreciation risks weigh on the housing market, according to experts. “Hong Kong’s property market very much depends on the economy, which will inevitably be affected by the tariffs and the…
US President Donald Trump has further raised tariffs on small parcels sent to the United States from mainland China and Hong Kong to 120 per cent from 90 per cent, as the stand-off between Washington and Beijing escalates. The increase came just a day after the US administration had tripled that rate from 30 per…
Hong Kong national security police have taken away the parents of wanted US-based activist Frances Hui Wing-ting for questioning, the Post has learned, after Washington imposed a new round of sanctions on local officials for what it called “transnational repression”. A source said that Hui’s mother and father were escorted to two police stations in…
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…
Microsoft joint venture Wicresoft has put a halt to its China projects with the US technology giant, laying off around two thousand employees in the process, according to local media reports and some affected workers. Employees at the Shanghai office of Wicresoft – a Bellevue, Washington-based business consulting venture founded by Microsoft and its Shanghai…
More than 70 per cent of executives in Hong Kong expect an increase in financial crime in 2025, while only 18 per cent believe their organisation’s compliance programme is “very effective”, according a report from Kroll, a financial and risk advisory firm. The report, released Monday, surveyed more than 600 respondents worldwide between September and…
Hong Kong jewellers will be forced to reduce their exposure to the US, scale back operations, relocate production or even close down, as American President Donald Trump’s decision to impose tariffs on Chinese exports raises levies to as much as 60 per cent, industry leaders have said. The latest tariffs of 34 per cent on…