Business
China drives sharp reduction of trade surplus with Q1 import surge
China's Q1 imports surged, reshaping the familiar narrative of export-led trade growth.
Business
UNDP: Middle East tensions could cost Asia-Pacific up to $299 billion
A new report from the United Nations Development Program (UNDP) warns that military escalation in the Middle East could inflict $97 billion to $299 billion in economic losses across the Asia-Pacific region and push 8.8 million people into poverty.
Business
Growing global appeal to shop in China
China is evolving into a more open and shopper-friendly destination for global travelers.
Business
China opposes UK decision to block Chinese company’s wind turbines
China firmly opposes the UK's exclusion of Chinese products from its wind power projects on the grounds of "national security," China's Ministry of Commerce said on Tuesday.
Business
AI helped Shenzhen judges handle cases 50% faster. Is this the future for China?
Judges in Shenzhen – China’s Silicon Valley – processed 50 per cent more cases last year than in 2024 with the help of a pilot system powered by AI technology, according to the city’s Intermediate People’s Court. It said the artificial intelligence-d…
Business
In Malaysia, Anwar’s former ally Rafizi Ramli grilled over US$278 million Arm chip deal
Malaysia’s anti-corruption agency on Monday questioned former economy minister Rafizi Ramli over a billion-ringgit semiconductor deal with British chip designer Arm Holdings, escalating a politically sensitive inquiry that has swept up ministers, sen…
Business
Ultra-low-priced tours exploiting mainland Chinese visitors survive despite crackdown
Ultra-low-priced Hong Kong tour packages reliant on commissions and pushing mainland Chinese visitors to make additional purchases remain prevalent despite tighter government regulations, the South China Morning Post has found. The business model has…
Business
United Airlines Boeing 767 jet hits light pole, truck while landing at Newark
A United Airlines jet with 231 passengers and crew escaped a major disaster on Sunday after one of its wheels clipped a light post and truck on a highway while on final approach to land in New Jersey. Federal Aviation Administration (FAA) officials s…
Business
Hong Kong Exchange Fund records smallest gain in 5 quarters amid Middle East crisis
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the…
Business
Mainland Chinese students turn to Hong Kong universities amid gaokao, US visa worries
Hong Kong universities are rapidly gaining favour among mainland Chinese families as they shun the intense domestic competition of the gaokao and uncertainties stemming from Sino-US tensions, embracing the city’s generous non-local admission quotas…
Business
How South Korea is transforming way it bids farewell to migrants killed at workplace
On a quiet March morning at Incheon International Airport, the head of a government agency responsible for administering industrial accident insurance stood before a memorial adorned with flowers and a photo of Nguyen Van Tuan. The 23-year-old Vietna…
Business
Hong Kong extends tax waiver for residents displaced by deadly Tai Po fire
Residents displaced by the deadly Tai Po fire will have their taxes waived for an additional year, the Hong Kong government has announced. In a statement on Monday, the government said homeowners and residents of Wang Fuk Court would be exempted from…