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1. Trump’s power politics is paving the way to a G2 world order with China

   At Davos, US President Donald Trump declared he had “always had a very good relationship with President Xi” Jinping, calling the Chinese leader “an incredible man”, “highly respected by everybody”. Trump also praised TikTok’s decision to transfer parts of its US business to a consortium of US investors, thanking Xi on social media. This broadly friendly rhetoric is likely to be a signal of...

2. AstraZeneca unveils US$15 billion China investment plan as Starmer visits Beijing

   British-Swedish pharmaceutical giant AstraZeneca said on Thursday it plans to invest US$15 billion in China through 2030, signalling renewed momentum in UK-China commercial ties. The investment – the biggest deal announced so far during UK Prime Minister Keir Starmer’s trip to Beijing aimed at strengthening trade ties – will support expanded medicines manufacturing as well as research and...

3. China executes 11 core members of Myanmar-based telecoms fraud ring

   A Chinese court has executed 11 people, including several citizens of Myanmar, linked to a notorious telecoms fraud group based in the Southeast Asian country for crimes including fraud, drug trafficking and murder. The Wenzhou Intermediate People’s Court in eastern Zhejiang province carried out the executions of people who formed the core leadership of the Ming family crime syndicate and...

4. Hong Kong supervisor held over cruelty after botched pond clean-up kills 110 fish

   Hong Kong police have arrested a supervisor from a cleaning company for suspected animal cruelty after more than 110 fish died while a pond was being cleaned at a public housing estate in Tseung Kwan O. The woman, a 51-year-old supervisor from Fai Kee Environmental Cleaning, was taken into custody on Wednesday. She was later released on bail and was required to report back to police next...

5. Spirits rise as baijiu shares rally on Lunar New Year demand

   Chinese liquor stocks jumped on Thursday ahead of Lunar New Year, with retailers reportedly building inventories of spirits typically consumed at family reunions and corporate banquets. Shares of Kweichow Moutai – China’s best-known baijiu maker and the most valuable stock on the mainland market – climbed more than 9 per cent in afternoon trading to 1,445 yuan, their highest level in over a...

6. Town planning body slammed for neglecting disabled people over Wan Chai plan

   Disabled residents and a former lawmaker have slammed Hong Kong’s town planning authorities for failing to consider accessibility needs and overlooking potential fire safety risks in an approved development plan for Wan Chai, calling for a review to make the area more barrier-free. Former social welfare sector lawmaker Tik Chi-yuen said on Thursday that the Town Planning Board-approved,...

7. Indonesia scrambles to halt US$80 billion market crash as rupiah hits record low

   Indonesia is fighting to save its financial reputation after a disastrous two days saw stock prices plunge by 8 per cent. Authorities are racing to pass new rules to prevent a downgrade that has already scared investors into pulling billions of dollars out of the local market. The rout, which knocked off about US$80 billion in overall market value, came after index provider MSCI flagged concerns...

8. With AI in the driving seat, China moves to rein in job displacement risks

   After testing Tesla’s driver assistance system FSD earlier this month, Chinese economist Ren Zeping exclaimed that autonomous driving’s large-scale real-world implementation was progressing much faster than he thought. Though driverless taxis are so far only being tested in designated areas in Chinese cities, he prophesied that autonomous driving would soon become widespread. “Autonomous driving...

9. Pawsitively posh: Hong Kong Pet Show takes luxury to new heights

   Private jet holidays, cat litter boxes powered by artificial intelligence and human-grade fresh dog food inspired by char siu rice are all the rage at this year’s Hong Kong Pet Show, as exhibitors express confidence in the purchasing power of the city’s pet owners. Humans, dogs and cats jostled alongside each other on Thursday, the opening day of the expo at the Hong Kong Convention and...

10. Starmer stresses Hong Kong’s stability as key to stronger ties in meeting with Xi

    British Prime Minister Keir Starmer has told Chinese President Xi Jinping that Hong Kong’s prosperity and stability are in the shared interests of both China and the United Kingdom in a high-profile meeting during his four-day trip to Beijing. Starmer, the first British leader to visit China since 2018, confirmed after the meeting, when asked by the media, that he had mentioned the landmark...