Former White House chief economic advisor Gary Cohn said Monday that he believes President Donald Trump will go forward with the Dec. 15 tariffs if the U.S. and China haven’t agreed to a trade deal. “I think he thinks that that’s a forcing function and if he keeps blinking, he loses credibility in the Chinese […] Read more
China has the “resolution and power” to end the unrest in Hong Kong if necessary, the country’s ambassador to Britain said on Monday. Liu Xiaoming was speaking as tensions in the city remained high, with riot police and radicals facing off at a university. He blamed the protesters for unleashing “black terror” as he repeated […] Read more
Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told China Daily Network. The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options, the […] Read more
Cathay Pacific will transfer 16 orders for narrowbody Airbus aircraft to HK Express, its newly acquired budget airline, in a move that underscores confidence in the low-cost carrier and the entire group’s long-term prospects despite recent turmoil, an analyst said. Cathay on Friday said its order for 32 Airbus A321neo single-aisle jets would be split […] Read more
The US has fired its first salvo at China’s AI tech champions by adding them to its trade blacklist on human rights grounds. Source: SCMP When Trump administration officials announced on October 7 that they were banning some of China’s most feted artificial intelligence and surveillance companies from buying US technology, the move caught Chinese […] Read more
China’s all-consuming focus on sealing a US trade dealforced its top trade negotiator to cancel a trip to Brussels, raising the risk of Europe being pushed “off a cliff”, according to the head of a leading European business group in Beijing. Joerg Wuttke, president of the European Union Chamber of Commerce in China, said on […] Read more
Beijing’s statements after a closed-door meeting of the Communist Party’s elite indicate that it will move to tighten control over Hong Kong and Macau, particularly when it comes to national security issues and the nomination of principal officers. But it made clear that the “one country, two systems” principle, which guarantees the two cities a […] Read more
Huawei captured a record share of China’s smartphone market in the third quarter as its device shipments soared at the expense of rivals, according to new data from research firm Canalys. Canalys said Huawei shipped 41.5 million smartphones in China in the third quarter, representing 66% growth year-on-year. The Chinese tech giant now commands 42% […] Read more
The weaponisation of space is becoming increasingly likely, following last week’s record-breaking test flight by the US Air Force’s X-37B space plane, military observers said. The world’s only reusable space vehicle, the Boeing X-37B, returned to Nasa’s Kennedy Space Centre in Cape Canaveral, Florida on Sunday after 780 days in orbit. According to the US […] Read more
Wealth has continued to leave China despite strict government controls, according to estimates from analysts, as trade talks that could help stabilise the yuan exchange rate against the US dollar and ease capital outflow pressures continue between Beijing and Washington. Officially, the State Administration of Foreign Exchange (Safe), China’s foreign exchange regulator, has maintained that […] Read more
