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An exhibitor poses for a selfie with a panda mascot at the China International Import Expo in Shanghai this week. Photo: Xinhua

Global businesses bet on China’s market despite US trade tensions

On the sidelines of Shanghai’s CIIE trade fair, foreign companies brush away fears of a new US-China trade war after Trump’s victory.

Hong Kong home prices to bottom out in short term after rate cut: analysts

SCAA to name its new outdoor water sports centre after Olympian Siobhan Haughey

L’Oreal strengthens China supply chain to reduce risk of disruption

‘We are working on this programme of localisation, trying to produce as much as we can, where we can in China,’ executive says.

L’Oreal is tweaking its global supply chain to protect against disruptions. Photo: Reuters

What more does China need to do to fix its ailing property sector?

Rising sales in big cities seen as a positive sign, but falling prices remain a concern.

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HSBC, 5 other Hong Kong banks cut interest rates to lowest in 2 years

Cuts could lighten monthly mortgage burden by HK$709 for a typical HK$5 million, 30-year loan, a broker says.

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China’s most decorated gymnast hails ‘brilliant career’ of Hong Kong’s Shek

Shek won Asian Games gold in the men’s vault in 2014 and 2018 and qualified for this year’s Olympics in Paris.

Hong Kong’s Shek Wai-hung should look at coaching gymnastics when he retires, urges China’s four-time Olympic gold medallist, Li Xiaopeng. Photo: Facebook/ Stone Shek

Shanghai drives flying-car development for sightseeing, logistics, surveillance

Low-altitude economy refers to businesses operating aerial vehicles below 3,000 metres.

Investors go ‘all in’ on Chinese shares linked to Tesla after Trump’s victory

Investors boost supplier stocks on expectations of Tesla growth based on CEO Elon Musk’s close ties to the president-elect.

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Ant International drives AI in cross-border payments to boost global expansion

The firm’s AI model predicts currency exchange rates on an hourly basis, helping businesses reduce transaction costs.

Ant International’s new AI model for cross-border transactions is expected to strengthen global trade and commerce. Photo: Shutterstock

China’s top chip foundry SMIC posts record revenue despite US sanction warning

The Shanghai-based chipmaker reported a 34 per cent year-on-year increase in third-quarter revenue to US$2.17 billion.

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SMIC continues to lead the domestic market in advanced processes for semiconductor production Photo: Shutterstock

Xpeng launches challenger to Tesla’s FSD autonomous driving system

Guangzhou-based company set three prices for the P7+: 186,800 yuan, 198,800 yuan and 218,800 yuan for the sedan.

Song offers to show fellow UFC fighter Strickland around China after ‘toxic’ slurs

The Chinese bantamweight says the American has probably seen only the ‘bad side’ of his country and the people, wants to change his mind.

South Korea’s Samsung and SK Hynix push latest memory products at CIIE

The two firms’ high-profile exhibition reflects the vast demand for memory products in China, the world’s second-largest economy.

Samsung Electronics has one of the biggest booths at the exhibition area of the China International Import Expo in Shanghai. Photo: Handout

Opinion | Trump doubling down on conflict with China won’t end well for the US

Under a broadened definition of national security, presidential actions have been taken that would have been unimaginable only a decade ago.

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Donald Trump speaks to his supporters at a rally in Washington before the Capitol riots on January 6, 2021. Trump won a second term as US president this week. Photo: Abaca Press/TNS

Chinese pharmaceutical companies look abroad for growth markets

Shanghai Henlius struck a deal in Saudi Arabia while XtalPi signed a partnership with Sinar Mas Multiartha in Indonesia.

Prabowo’s China visit won’t focus on maritime issues, analysts say

Analysts expect the Indonesian president’s trip will mark a shift from infrastructure to public welfare investment opportunities.

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Bulgari banks on Chinese consumers to fuel luxury growth as economy improves

The Italian fashion brand in the LVMH stable bets on a recovery in the next two years with a plan to open more mainland stores.

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Bulgari goods on display at the China International Import Expo in Shanghai. Photo: LVMH

Hong Kong stocks erase drop on bets Beijing to boost and front-load stimulus

New data showed that China’s export growth surged to a 27-month high in October, rising 12.7 per cent from a year earlier.

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What does Trump’s election win mean for the price of gold?

Price falls as investors take profits from earlier gains, but longer-term prospects are bullish due to trade and inflation uncertainties.

Semiconductor firms ASML, AMD, Qualcomm reaffirm China commitment

They joined about 400 other firms at the Intelligent Industry & Information Technology exhibition, part of the 2024 CIIE trade fair in Shanghai.

Hostesses for the China International Import Expo walk past a signage of the trade fair in Shanghai. Photo: EPA-EFE

EU tariffs will not stop Chinese EVs from entering bloc: officials at CIIE

China EV makers believe their advantages in production and price will make their products competitive abroad.

A Ford Bronco pickup at the CIIE in Shanghai. Photo: Daniel Ren

EU has wish list for Trump, but support for tough China agenda will be expected

In Brussels, there is an expectation that the US election result could usher in a shifting balance of power in Europe.

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MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

Global food companies target worldly Chinese consumers, CIIE attendees say

CIIE participants say Chinese consumers want high-quality milk and additive-free food products.

The Goodman Fielder booth at the CIIE in Shanghai. Photo: Mia Castagnone

Trump election victory cheers up China’s cryptocurrency proponents

These crypto proponents expect a bright future for digital assets and related policies on the mainland and Hong Kong.

At one point on Wednesday, bitcoin prices reached above US$75,000, having gained more than 66 per cent since the start of this year. Photo: Shutterstock

Hong Kong’s newest border checkpoint can handle big crowds, security chief says

Security chief Chris Tang tells lawmakers that Heung Yuen Wai crossing handles an average of 70,000 passenger trips per day.

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Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

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China
The latest news, analysis and opinion on China. In-depth analysis, industry insights and expert opinion.
Capital
Beijing
Head of State
President Xi Jinping
Head of Government
General Secretary Xi Jinping
last updated:
27 September, 2024
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