As we just entered a new year, I think Hong Kong now has a golden opportunity to think afresh and reinvent itself. Rather than regretting the events of the very difficult days in 2019-20, Hong Kong should embrace a very different and new kind of future, based on “one country, two systems.” I would like to make seven propositions concerning Hong Kong’s future. First, it must be based on deep integration with the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The dynamism of the Guangdong Province and its cities represents a…
Posts published in “Business”
On Monday, Yan Junjie, born in 1989, walked into a conference room in Beijing. At 37, he was likely the youngest entrepreneur at a symposium chaired by Chinese Premier Li Qiang to solicit opinions on the draft government work report and the 15th Five-Year Plan (2026-30). Who is this young man, and why does his voice matter to China’s economic strategy? Yan is the founder and CEO of MiniMax, an AI startup that became China’s second “AI tiger” to go public on January 9. The company achieved in four years…
When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…
The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing “multi-layered and irreversible” real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with the Global Times. The comments from Wei Shaojun, vice chairman of the China Semiconductor Industry Association (CSIA), came in response to the Netherlands placing Nexperia under special administrative measures over so-called security concerns. The Dutch Ministry of Economic Affairs revealed on October 12, 2025 that it had invoked the 1952…
Chinese A-share tech stocks extended last week’s rally on Monday, with more than half of the sector rising in early trading and seven stocks posting gains of more than 5 percent. On Sunday, Bloomberg described China’s market performance by “another key element of investing in Asia tech.” Earnings growth for a gauge of China’s tech megacaps is poised for a major inflection point in 2026 when it’s expected to overtake Magnificent 7 for the first time since 2022, Bloomberg reported on Sunday. As enthusiasm for the nation’s tech sector picked…
China announced on Friday that it will change export tax rebates for a range of products, including photovoltaic and battery products. The announcement, jointly issued by the Ministry of Finance and the State Taxation Administration, said that export tax rebates for the value added tax of photovoltaic products will be canceled starting from April 1, 2026. Meanwhile, the export tax rebate rate for the value added tax of battery products will be reduced from 9 percent to 6 percent starting from April 1, 2026, and will be eliminated starting from…
China National Offshore Oil Corporation (CNOOC) on Sunday announced cumulative output from the offshore oil and gas at the Bohai Oilfield, China’s largest crude oil production base, has exceeded 40 million tons, setting a new record and providing solid support for national energy security and high-quality economic and social development. Bohai Oilfield is China’s largest and most productive offshore oilfield. Since the beginning of the year, the oilfield has comprehensively strengthened its production capacity, promoted intelligent drilling and completion processes and the standardized upgrading of engineering systems, and many new…
The total number of passengers at the Hainan Sanya Phoenix International Airport in Sanya, South China’s Hainan Province in 2025, has set a new record high on Saturday, the state broadcaster China Central Television (CCTV) News reported on Sunday. As of December 20, the airport recorded a cumulative total of 133,599 flight take-offs and landings so far this year, witnessing total passengersof 21.849 million, and cargo throughput amounting to 113,000 tons. These figures represent year-on-year growth of 7.0 percent, 5.8 percent, and 16.3 percent, respectively, according to the report. Among…
Christophe Fouquet, the CEO of ASML, a leading Dutch chip equipment manufacturer, has said that the geopolitical landscape indicates the US will persist in exerting pressure to impose stricter restrictions on ASML’s exports to China, according to a report by Reuters. “One of the debates is, is it really about national security? The other debate you start to see … is does it help us or does it hurt us? I see a lot of companies in the US that start to also ask that question,” he said at a…
Reuters recently published an “exclusive” story about a so-called Chinese “Manhattan Project,” claiming that Chinese scientists have built what Washington has spent years trying to prevent: a prototype extreme ultraviolet (EUV) lithography machine. Regardless of whether the report – replete with “sources say” – was a smokescreen or not, the anxiety it conveys over China’s technological progress is palpable. This anxiety precisely reveals to the world an unhealthy mindset that often appears in the West. Lithography machines are major technical equipment that some countries believe it is the “last bastion”…