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1. Guangdong’s rule as China’s GDP king faces an unprecedented threat to the crown

   The long-standing rivalry between China’s two largest economic heavyweights – with each boasting a gross domestic product comparable to Group of Seven members Italy and Canada – reflects the regional dynamism and shifting economic gravity within the world’s second-biggest economy. Jiangsu has been threatening to end Guangdong’s uninterrupted reign as China’s largest provincial economy since the...

2. Reopen Strait of Hormuz by reframing Iran’s tolls as reconstruction

   The Strait of Hormuz is usually described as a chokepoint. Today, it is more than that. It is the hinge point between war and peace in the Gulf. Roughly a fifth of the world’s oil and gas trade passes through this narrow waterway. When it was secure, the global economy barely noticed it. As soon as it was threatened, prices jumped, shipping costs rose and military tensions spread beyond the...

3. Hong Kong proposes bill for unified regulation of new mass transit projects

   Hong Kong plans to table a bill by year-end to standardise regulation of future mass transit projects, including Kai Tak and East Kowloon, the transport chief has said, as lawmakers raise concerns over fares and long-term service quality. Secretary for Transport and Logistics Mable Chan told lawmakers on Monday that the government was pursuing policy innovation by adopting open tenders for...

4. Taiwan completes US tank deal as final Abrams shipment reaches port

   Taiwan has received its final shipment of US-made M1A2T Abrams tanks, completing a long-delayed order aimed at modernising the island’s ageing armoured forces. Considered among the world’s most powerful tanks, these vehicles are expected to bolster the island’s defence amid rising military pressure from Beijing. The shipment of 28 tanks arrived at the Port of Taipei over the weekend and was...

5. WuXi AppTec posts record first-quarter revenue on strong global demand

   China’s drug maker WuXi AppTec reported record first-quarter revenue, as a robust order backlog and sustained demand from global pharmaceutical companies supported growth. For the three months ended March 31, the Shanghai- and Hong Kong-listed company posted revenue of 12.44 billion yuan (US$1.72 billion), up 28.81 per cent year on year, according to a filing released on Monday. Net profit...

6. Pakistani president seeks to bolster ‘full spectrum’ of ties with China on visit

   Pakistani President Asif Ali Zardari is on a week-long visit to China with a focus on economics and trade. Zardari arrived in China on Saturday. The Pakistani foreign ministry said he would be visiting Changsha in the central province of Hunan before heading to Sanya in the southern island province of Hainan on Tuesday, where he would stay until heading home on Friday. “During the visit, the...

7. PLA showcases YJ-20 hypersonic missiles as Balikatan drills heat up South China Sea

   The Chinese military aired footage over the weekend of YJ-20 hypersonic anti-ship missile launches, as joint US-Philippines-Japan drills heighten tensions in the disputed South China Sea. China Military Bugle, a social media account run by the People’s Liberation Army, posted a video on Sunday of the PLA Navy conducting strike tests at sea, including multiple YJ-20 launches. The post did not...

8. India, New Zealand sign ‘once-in-a-generation’ free-trade deal

   India and New Zealand on Monday signed a free-trade agreement to deepen economic ties and expand market access, as both countries navigate mounting global trade disruptions. The deal comes as New Delhi moves to diversify export markets to offset the impact of steep tariffs imposed by the United States and instability in shipping and energy routes due to the Iran war. For New Zealand, the...

9. Hong Kong police arrest 9 men in joint Asia-wide crackdown on child pornography

   Hong Kong police have arrested nine men in a crackdown on child pornography linked to a seven-jurisdiction operation in which more than 300 suspects were detained across Asia. Police said on Monday the city had joined a coordinated international operation involving Singapore, Malaysia, Japan, South Korea, Thailand and Brunei, targeting offences related to the production, distribution and...

10. Japan’s Takaichi faces women-led backlash over constitution reform push, arms build-up

    Japan’s first female prime minister is facing a growing backlash from women new to political activism, as alarm spreads over her government’s push to revise the country’s pacifist constitution and expand its role in arms exports. The women are part of a protest wave that has grown from a few thousand people in late February to tens of thousands outside the National Diet in Tokyo, where...