Business — 1,898 insights
Hong Kong has a chance to think bigger about its place in the world
Business

Hong Kong has a chance to think bigger about its place in the world

The Hong Kong government has launched a public consultation on the city’s first five-year development plan, a blueprint aimed at aligning with China’s newly approved 15th five-year plan. Officials have promised a “macroscopic, strategic and forward-looking” road map that will guide Hong Kong’s economic and social development for the rest of this decade. That invitation to think in five-year horizons is precisely why Hong Kong must now think bigger about its place in the world – not only as...

Trump says Japan ‘doing very well’ under his ‘biggest fan’ Takaichi
Business

Trump says Japan ‘doing very well’ under his ‘biggest fan’ Takaichi

The US president also said Tokyo was not willing to get involved during the Iran war Trump’s comments came after he was asked whether he had called on other G7 members, including Britain, Germany and Japan, to send their armed forces in connection with the Strait of Hormuz. The strait, a critical global shipping route, has been effectively closed since shortly after the United States and Israel launched air strikes on Iran at the end of February. But just ahead of the G7 summit, the US and Iran reached a preliminary peace deal that will include extending a ceasefire for another 60 days and Tehran reopening the waterway. The G7 is a bloc consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The EU is also represented within the G7.

China Gen Z male midwife goes viral for skills, looks, bringing ‘powerful tenderness’ to childbirth
Business

China Gen Z male midwife goes viral for skills, looks, bringing ‘powerful tenderness’ to childbirth

25-year-old overcomes ‘shameful’ taunts from relatives about career choice, says witnessing births makes him respect ‘strength’ of women A male midwife in eastern China has won praise for his professionalism and striking looks while defying relatives who dismissed his career choice as embarrassing. Zhang Jintao, 25, from Yiwu in Zhejiang province, became a midwife at a leading provincial hospital after graduating from university. According to Southern Daily, men accounted for just three per cent of China’s nurses in 2021, the number of male midwives was even fewer. Zhang told the mainland medical outlet Yixuejie that some older male relatives had criticised his choice of career, calling it “shameful” and “embarrassing.” But he said witnessing childbirth left him deeply moved by women’s strength and convinced him his work was meaningful. His greatest challenge was earning the trust of expectant mothers and their families. Due to traditional attitudes towards privacy, some women refuse care from male midwives. Zhang said respecting patients’ wishes was fundamental. Despite once considering quitting the job, he ultimately chose to stay.

China mulls space-based control system for high-speed rail. Can it be hacked?
Business

China mulls space-based control system for high-speed rail. Can it be hacked?

Study shows low-orbit satellites might avoid another Wenzhou disaster but reveals how hackers could deliberately crash speeding trains The official inquiry traced the catastrophe to a lightning strike that had fried a trackside circuit, making one train “invisible” to the control centre, which then wrongly cleared the line for the train behind. However, could the “brain” of the railway ever be made so resilient that no single bolt of lightning, no flood, no earthquake could ever again fool it into a fatal mistake? Fifteen years later, a team of railway researchers in Beijing has proposed an answer: lifting the railway’s nervous system into space. Their vision, laid out in a paper published in industry journal Railway Signalling and Communication Engineering in May, is a space-based train control system that could one day govern the world’s largest high-speed rail network. And yet, as the paper makes clear, the same technology that promises to banish the ghosts of Wenzhou could also summon a new breed of digital demons. Today’s train control systems depend on thousands of kilometres of trackside beacons, signal lamps and radio masts. This equipment is expensive to install, finicky to maintain and vulnerable to nature’s fury.

Alarm raised over China’s threat to older Americans through drug supply chains
Business

Alarm raised over China’s threat to older Americans through drug supply chains

US congressional hearing also highlights financial scams and data privacy as national security issues affecting senior citizens “Fifty years ago, we never would have given the Soviets the kind of leeway we give China: the access they have to our economy and our information, the dependence they enjoy from our supply chains,” said Rick Scott, a Republican senator from Florida, adding that the US needed to “get serious about this before it’s too late”. The hearing, titled “Counting the Cost: Communist China’s Toll on Older Americans’ Health, Finances and Security” covered several issues affecting ageing Americans, including China’s dominance in pharmaceutical ingredients, as well as global drug supply chains. “China’s weaponisation of supply chains is not theoretical. China has made controlling global supply chains an explicit strategic goal,” said Chris Slevin, from the US-China Economic and Security Review Commission (USCC). All four witnesses at the Senate Special Committee on Ageing hearing were from the USCC, which does not have lawmaking authority but is authorised by Congress and can be influential on legislation.

Hong Kong graduates prefer careers in finance, survey finds
Business

Hong Kong graduates prefer careers in finance, survey finds

Survey by CFA Institute reveals 90 per cent believe they have the skills to succeed and know what employers are looking for The US-based institute’s “2026 Graduate Outlook Survey”, released on Wednesday, found that 71 per cent of Hong Kong graduates rated their career prospects between eight and 10 out of 10. The global average for that level of optimism was 59 per cent. The graduates’ view of careers in finance reflected “both the sector’s resilience and Hong Kong’s continued strength as an international financial centre, which ranks third worldwide and first in Asia-Pacific”, the institute said in a statement. That confidence was “deeply grounded”, it said, with nearly 90 per cent believing they had the skills to succeed and clearly understood what employers were looking for, notwithstanding the wider adoption of artificial intelligence in the city. “Rather than viewing AI as a threat, 38 per cent of Hong Kong graduates believe it has no negative impact on their job hunting, and 37 per cent believe it makes securing a job easier,” the institute said. “Three quarters are already actively using AI tools in their job applications, demonstrating a proactive, tool-first mindset.”

Iran and US sign peace deal, Strait of Hormuz to immediately reopen: Pakistan
Business

Iran and US sign peace deal, Strait of Hormuz to immediately reopen: Pakistan

Prime Minister Shehbaz Sharif makes the announcement, as both sides release photos of the memorandum of understanding being signed Iran and the US have signed a peace deal that will take immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade, Pakistan’s Prime Minister Shehbaz Sharif announced. “The Memorandum has been signed by honourable Presidents of both the countries and also endorsed by me as the mediator,” he wrote. “The signing of this agreement at the highest level of the respective governments demonstrates the commitment of both sides to a diplomatic resolution of the conflict.” According to an outline of the agreement released by the US on Wednesday, the two sides will continue negotiations to achieve the final deal in a maximum of 60 days – extendable with mutual consent.

Hong Kong, Macau not rivals for tourist trade, industry leaders say
Business

Hong Kong, Macau not rivals for tourist trade, industry leaders say

Two cities offer distinct experiences and can benefit from sharing visitor flows, Macau Government Tourism Office chief says Maria Helena de Senna Fernandes, director of the Macau Government Tourism Office, said that the two cities had long worked together to attract overseas visitors and should continue building on that relationship rather than viewing each other as rivals. “We should continue thinking about how to make better use of everyone’s resources and tell the Greater Bay Area story well,” she told reporters visiting Macau. She added that Macau should work not only with the Hong Kong Tourism Board but also with the city’s wider tourism industry.

Food prices are rising, but some farmers are bucking the trend
Business

Food prices are rising, but some farmers are bucking the trend

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Global food prices are on the rise. But in Kazakhstan, sugar beet yields have nearly doubled while water use has dropped. In Guyana, rice farmers are using drones to squeeze out 12% more grain. What's the common link? A network of agritech experiments across the Global South. CGTN looked at the numbers, and the trend is worth watching. Check it out.

Exclusive with WEF’s Gim Huay Neo
Business

Exclusive with WEF’s Gim Huay Neo

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. As the global economy faces mounting geopolitical tensions, trade uncertainties and slower growth prospects, innovation must be deployed at scale across economies and societies to unlock new sources of growth, according to Gim Huay Neo, Managing Director and Chair of Greater China at the World Economic Forum (WEF). In an interview with CGTN anchor Guan Xin ahead of the Annual Meeting of the New Champions 2026, also known as the Summer Davos Forum, Neo said this year's gathering will focus on how technological breakthroughs can be translated into broad-based economic and social benefits. "We are living in a time of uncertainty and disruption, but also one marked by tremendous technological progress in areas such as artificial intelligence and quantum computing," Neo said. "Technology on its own is insufficient.

Chinese vice-premier: China to step up support for Shanghai RMB hub
Business

Chinese vice-premier: China to step up support for Shanghai RMB hub

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. China pledged stronger support for Shanghai to develop into a global hub for RMB asset allocation, as senior officials set out a series of measures to deepen financial reform and opening up at the 2026 Lujiazui Forum that opened in Shanghai on June 17. Speaking at the opening ceremony of the two-day forum, Chinese Vice-Premier He Lifeng said China will continue to follow the development path of finance with Chinese characteristics, implement the 15th Five Year Plan (2026-2030), and work to stabilize the global economy. He said China will further open its financial sector to international institutions, safeguard financial security, and promote global financial governance cooperation through multilateralism and win-win outcomes. He added that China will support Shanghai in piloting offshore financial business, accelerating its role as a global hub for RMB asset allocation and risk management, streamlining cross border investment, and expanding financial services such as shipping insurance to strengthen international competitiveness.

Mainland slams DPP threats to Taiwan officials over exchanges
Business

Mainland slams DPP threats to Taiwan officials over exchanges

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. The Taiwan Affairs Office of China's State Council slammed Taiwan's Democratic Progressive Party authorities on Wednesday for forbidding any local officials from any people-to-people exchanges with the mainland. The DPP authorities confirmed earlier on Wednesday that they will investigate Rao Ching-ling, head of Taiwan's Taitung County, for possible prosecution after she praised cross-Strait business deals signed last week via a video clip. Rao was blocked by the DPP authorities from traveling to the mainland last week to attend the Straits Forum, the largest cross-Strait people-to-people exchange event.