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1. Asian private equity focused on cash flow as fundraising falls to 12-year low

   Private equity investment in the Asia-Pacific region is increasingly flowing into advanced manufacturing and healthcare, as global uncertainties push investors towards businesses with more predictable cash flow, according to Bain & Co research. The move away from the previously dominant technology, media and telecommunications sector “has been a gradual move, driven by the external environment...

2. Why the Iran war could be a ‘game-changer’ for EVs – and China’s car industry

   Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year. “The closure of the Strait of Hormuz could be a game-changer for EVs,” said David Brown, director of energy transition research at Wood Mackenzie, in a report released on...

3. Chinese man modifies electric bike, uses dog as power source, draws animal abuse criticism

   A Chinese man who was spotted riding a modified electric bicycle powered by his pet dog has faced online allegations of animal abuse. A video clip that went viral online shows the man from eastern China’s Jiangsu province riding on the modified bike on a road on March 16. The bike’s battery had been removed and a reined golden retriever was running under the seat. The dog’s mouth was also...

4. Hong Kong’s national security better protected with changes, experts say

   Changes to Hong Kong’s implementation rules for the national security law will improve operational efficiency amid heightened geopolitical risks, experts have said. A legal expert and a former security minister said the amendments aimed to clearly lay out investigation procedures for searches under existing national security law powers, while an academic argued the move was needed to address...

5. Japan’s railways to get an earthquake early-warning upgrade

   In earthquake-prone Japan, 20 seconds could make a difference in minimising loss of life among train passengers who experience traumatic shaking during a major seismic event. The operator of the Shinkansen line between Osaka and Fukuoka in southern Japan is upgrading its earthquake early warning system to give trains operating at speeds of up to 300km/h (186mph) an additional 20 seconds to slow...

6. 3 Chinese EV makers raise prices – but analysts warn weak demand could force reversal

   Three Chinese electric vehicle (EV) makers have raised prices for some models in response to rising supply chain costs, but analysts say the increases are unlikely to be sustained given weakening domestic demand. Xiaomi became the latest manufacturer to adjust pricing on March 19, announcing that its new-generation SU7 standard version would start at 219,900 yuan (US$31,800) – a 4,000 yuan...

7. Israel strikes south Beirut, claims it captured Hezbollah members

   Israeli strikes hit Beirut’s southern suburbs on Monday, the first attack on the Hezbollah stronghold in days, as its military said it had captured two members of the Iran-backed group in southern Lebanon. An earlier Israeli strike had hit the upscale, predominantly Christian area of Hazmieh near Beirut, with Israel saying it targeted a member of the Iranian Revolutionary Guards’ foreign...

8. US panel credits China’s AI edge to open-source models, manufacturing dominance

   China’s strategy of promoting open artificial intelligence (AI) models and leveraging manufacturing dominance is “mutually reinforcing”, forming a feedback loop that could challenge US dominance in AI, according to a new report by a US congressional advisory body. “It is the intersection of these two loops – one digital, one physical – that gives China’s open strategy its compounding force and...

9. China’s Hainan wants more than beach tourism. Will new customs rules cause a sea change?

   As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing...

10. US faces critical shortage of China expertise within a decade, report warns

    The United States will face a “critical shortage” of China expertise within a decade that threatens to leave policymakers struggling to manage Washington’s most consequential strategic relationship, a report said on Monday. As China experts retire and the number of Americans studying in China sharply declines, the resulting talent gap presents a “national security and an economic...