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1. Why is the Communist Party warning cadres about their performance?

   Communist Party cadres have been put on notice over governance and performance appraisals as the ruling body counts down to leadership changes across the country and the start of the next five-year plan. In a campaign that will continue until July, officials from the county level up have been told to correct any deviations from the “correct” line in their own duties and in assessments of those...

2. Merz’s China tightrope: warm words, but hard questions for Beijing

   Germany’s Chancellor Friedrich Merz travelled to Beijing with a delicate brief: vouch for a shrinking slice of big German firms still bullish on China, while defending the growing number being squeezed. On day one of his first official visit, Merz trod the line carefully – voicing openness to resetting beleaguered bilateral ties, even while gently nudging his hosts on bugbears including...

3. China extends tech lead over South Korea and surpasses Japan, Seoul’s ranking data shows

   China widened its lead over South Korea in critical technologies in recent years, according to an official review by Seoul’s science ministry, as Beijing doubles down on strategic investment in advanced research. The expanding gap underscores the need for both countries to move beyond zero-sum competition and deepen cooperation in economic and technological development, according to...

4. China boy sues dad for taking his US$11,500 red packet money to cover remarriage expenses

   A Chinese father who, after divorcing, confiscated more than 80,000 yuan (US$11,500) of his son’s Chinese New Year “red envelope” money to cover the expense of a new marriage ceremony, has lost a lawsuit that demanded he return the full amount. The boy, 10, who is known as Xiaohui, comes from Zhengzhou in Henan province, northern China, and has been living with his father since his parents...

5. Budget reveal: government turns matchmaker with stronger hand in shaping economy

   Hong Kong’s finance chief on Wednesday lived up to his credentials as a chartered accountant when he produced a surprisingly robust budget, flush with surpluses and full of initiatives to be funded through substantial means at his disposal. One significant initiative is a rare move to dip into the Exchange Fund, the government’s main investment arm and de facto sovereign wealth fund,...

6. What Yoon’s life sentence means for South Korean democracy

   It began with a late-night declaration of martial law and has ended, for now, with a gavel. In the 443 days between those two moments, South Korea’s democracy was tested in ways most countries never experience. Citizens formed human chains to block troops from reaching the National Assembly. Lawmakers rushed through corridors in the dead of night to kill the martial law decree by vote. The...

7. US women’s ice hockey captain responds to ‘distasteful’ Trump remark

   Hilary Knight, captain of the victorious US women’s Olympic ice hockey team, said Wednesday it was unfortunate that a “distasteful joke” by President Donald Trump had overshadowed the achievements of US athletes at the Milan-Cortina Games. The US men’s ice hockey team took a congratulatory call from Trump as they celebrated their gold medal victory over Canada. The president invited them to his...

8. US to keep China trade tariffs steady ahead of key Trump-Xi meeting: Greer

   Washington will keep China tariffs at their current level as the Trump administration seeks “continuity” after the Supreme Court struck down the levies it imposed last year, according to US Trade Representative Jamieson Greer, weeks ahead of a high-stakes meeting between the two countries’ leaders. The US will keep in place current China tariffs, which have varied from 35 per cent to 50 per cent...

9. Immigration slows, but America’s appetite for ethnic groceries keeps growing

   Weee, an online grocer specialising in Asian and Latino goods, is betting that America’s appetite for ethnic food and grocery delivery will outlast a sharp drop in immigration, with its founder forecasting years of double-digit growth even as the Trump administration tightens border controls. The San Francisco-based company has seen its annual revenue grow at about 30 to 40 per cent from 2023 to...

10. South Korean investors pour millions into MiniMax, other Chinese AI and chip stocks

    South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares and US$154...