By Venus Wu and Jess Macy Yu | HONG KONG HONG KONG Hong Kong on Sunday will likely select Beijing’s favoured candidate for its next leader who some say will further divide a city where middle class families have become increasingly disaffected by political tension and economic hardship. The former British colony, governed under a “one country, two systems” arrangement, was promised a high degree of autonomy […]
ZTE Corporation has released its financial results for 2016, reporting full-revenue of 101.2 billion yuan, an increase of 1.04 percent to the 100.18 billion yuan reported in the previous corresponding period. The Chinese telecommunications hardware vendor, which had delayed the release of its 2016 annual report to assess the impact of the Iran sanctions case, admitted it slipped to a net loss of 2.36 billion yuan in […]
SYDNEY China is not militarising the South China Sea, Premier Li Keqiang said on Friday, although he acknowledged that defence equipment on islands in the disputed waterway had been placed there to maintain “freedom of navigation”. China has drawn international criticism for large-scale building in the South China Sea, although Li told reporters in Australia the development was for civilian purposes only. “China’s facilities, Chinese islands and […]
In almost any other part of the world, a friendly, on-camera hug between two senior politicians at a public event would have raised no eyebrows. But in the febrile atmosphere of a Hong Kong bracing itself for the “election” of its fourth chief executive since the former British colony was handed back to China in 1997, Tung Chee-hwa’s embrace of Carrie Lam during a public ceremony in […]
It is officially Lü Siqing’s year. “2017 is the Year of the Rooster,” says the celebrated violinist, proudly pointing at the Chinese calendar. Some might argue that the 48-year-old’s “year” could also be described as 1987, the year Siqing reached international prominence as the first Asian winner of the Paganini Competition – a global contest held in honour of the late Italian virtuoso Niccolò Paganini. Such an […]
Two-and-a-half years ago, Nathan Law took to the streets of Hong Kong with tens of thousands of fellow students, demanding Beijing give them the right to vote for the leader of their own city government. This Sunday Mr Law will have that opportunity — but not in the way he envisaged during the “Umbrella Revolution” protests. When he was voted on to the city’s Legislative Council in […]
Dubai, 21 March 2017 Dentons, in collaboration with HKA, assembled practitioners from across a number of industries in Dubai this week to discuss how to structure a successful PPP project and how to avoid disputes avoidance and resolution on PPP projects. Dentons’ Middle East Senior Partner Neil Cuthbert discussed the essential prerequisites of a successful PPP project and the need to identify, allocate and mitigate key project […]
SHANGHAI U.S. short-term rental giant Airbnb Inc will triple its China staff this year as it targets the country’s millennial consumers, its chief executive said on Wednesday, even as the Silicon Valley firm faces competition from local rivals. Airbnb co-founder and CEO Brian Chesky said China was a key market for the firm to achieve its global ambitions. He was talking at an event in Shanghai to […]
Alibaba has kicked off its grand plan for global trade without frontiers, signing a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia. The pact, established as a public-private partnership in Malaysia’s digital free trade zone, is focused on infrastructure, including a fulfilment centre and co-operating on electronic payments and financing. Daniel Zhang, chief executive of the Chinese ecommerce […]
By Yawen Chen and Ryan Woo | BEIJING BEIJING Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed. The Thomson Reuters/INSEAD Asian Business Sentiment Index .TRIABS RACSI, representing the six-month outlook of 96 firms, rebounded […]
SEOUL Salvage experts in South Korea could on Wednesday begin raising a ferry that sank nearly three years ago, killing more than 300 people, most of them children on a school trip, finally meeting the demands of mourning families. The ferry, the Sewol, was structurally unsound, overloaded and travelling too fast on a turn when it capsized and sank during a routine voyage on April 16, 2014. […]
By Robin Emmott | BRUSSELS BRUSSELS U.S. Secretary of State Rex Tillerson’s decision to miss his first meeting with NATO foreign ministers has unsettled European allies who fear the no-show reopens questions about President Donald Trump’s commitment to the alliance. Reuters exclusively reported on Monday that Tillerson would stay at home to attend Trump’s expected April 6-7 talks with Chinese President Xi Jinping in Florida, skipping the […]
MANILA The Philippines plans to file a strong protest against China after it announced preparatory work for an environmental monitoring station on a disputed shoal in the South China Sea, a Cabinet minister said on Tuesday. China five years ago started blockading the Scarborough Shoal, a rocky outcrop within the Philippines’ 200 mile exclusive economic zone (EEZ), and the United States has warned Beijing against carrying out […]
The paper dispensers have reduced waste by 70 percent since they were brought to Temple of Heaven over the weekend, according to the firm behind the device A years-long crime spree by Chinese toilet paper thieves may have reached the end of its roll after park officials in southern Beijing installed facial recognition technology to flush out bathroom bandits. Park managers at the Temple of Heaven, an […]
Chinese networking giant Huawei will be constructing and opening a datacentre in New Zealand within two years as well as expanding its research centre in Wellington and opening another one in Christchurch, it has been reported. According to a report by Stuff NZ, Huawei will be spending around NZ$400 million over the next five years in an effort to source products and services in addition to opening […]
By Arshad Mohammed and John Walcott | WASHINGTON WASHINGTON U.S. Secretary of State Rex Tillerson plans to skip a meeting with NATO foreign ministers next month in order to stay home for a visit by China’s president and will go to Russia later in April, U.S. officials said on Monday, disclosing an itinerary that allies may see as giving Moscow priority over them. Tillerson intends to miss […]
Big Chinese cities have launched a new round of lending curbs and purchase restrictions in an effort to cool overheated property markets, as official media warn that some have veered towards a bubble. Sky-high prices in cities including Beijing, Shanghai, and Shenzhen are stoking anger, even among relatively well-off professionals. Meanwhile, controlling financial risk has emerged as the dominant economic policy theme for 2017. At the conclusion of the […]
Samsung, whose booth at this year’s Mobile World Congress is shown here, is unveiling a new personal assistant ‘Bixby’ that will challenge rivals including Apple’s Siri and Amazon’s Alexa Samsung announced Monday that a voice-powered digital assistant named “Bixby” will debut with a flagship Galaxy S8 smartphone set to be unveiled by the South Korean consumer electronics giant. Bixby enters a crowded field of digital assistants powered […]
By Matt Spetalnick and David Brunnstrom | WASHINGTON WASHINGTON The Trump administration is considering sweeping sanctions aimed at cutting North Korea off from the global financial system as part of a broad review of measures to counter Pyongyang’s nuclear and missile threat, a senior U.S. official said on Monday. The sanctions would be part of a multi-pronged approach of increased economic and diplomatic pressure – especially on […]
The captions may be brief but the portraits are both striking and revelatory. One photograph is that of an imam in Lanzhou, Gansu province, known for his laughter. Another is that of an imam from Quanzhou, Fujian province, whose child has surpassed his father’s warrior-like skills, embodying the wisdom of the dragon while striking a pose like a tiger. They form part of a new exhibition at […]
IBM IBM and Wanda Internet Technology Group have agreed to form a new joint venture to bring IBM Cloud services to China. On Sunday, the two companies announced the plans in Beijing, which includes the formation of Wanda Cloud Company, a JV which will push Wanda into the public cloud business. Based on IBM’s cloud platform, Wanda’s new offerings will focus on Chinese enterprise customers seeking to […]
BEIJING China expressed anger on Monday after exiled Tibetan spiritual leader the Dalai Lama attended a Buddhist conference supported by the Indian culture ministry, the latest spat with India over a man whom China brands a dangerous separatist. The Nobel Peace Prize-winning Dalai Lama, who fled into exile in India after a failed uprising against Chinese rule in 1959, denies espousing violence and says he only wants […]
By Christine Kim and Jane Chung | SEOUL SEOUL South Korea’s trade minister said on Monday Seoul had complained to the World Trade Organization (WTO) about China’s retaliation against South Korean companies over the deployment of a U.S. anti-missile defence system in the South. “We have notified the WTO that China may be in violation of some trade agreements,” Trade Minister Joo Hyung-hwan told parliament in response […]
Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
