Companies backed by the state and provincial governments in China have announced new funds to focus on the semiconductor industry, which requires a large amount of time and resources to grow, at a time when the country is in need of more “patient capital”.
China Life Insurance, the country’s largest life insurer, backed by the State Council, said it would establish a partnership with total capital of 5 billion yuan (US$737 million) that “principally invests in companies operating in the semiconductor industry”
Chinese scientists show how wireless electricity may become reality on the moon, with laser network to beam solar energy into dark craters
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Legendary inventor Nikola Tesla’s dream of transmitting electricity wirelessly never became a reality on Earth.
Updated: 12 Jul, 2026
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American burger chain Five Guys will debut its first Beijing store next month, the company said last week, joining a group of US fast-food brands newly entering or accelerating their expansion in China.
Chains including Wendy’s, Chili’s, Texas Chicken and Popeyes are hoping to grab a slice of the world’s second-largest consumer market as they face saturation at home, analysts said.
Five Guys opened its first China outlet in Shanghai in 2021 and drew large crowds. It plans to
In the first of a five-part Health Matters wellness series on ageing in Hong Kong, Fiona Sun examines rising social isolation among the elderly, its serious health risks and how activities and community support are helping seniors stay socially engaged.
Chow Kam-shim, 92, and her husband Lau Moon-wing, 100, still face off against opponents every day on the boccia court at their residential home for the elderly in Hong Kong’s Po Lam.
Focused and steady, the couple send coloured leather
Hong Kong’s observatory has warned of heavy showers and squally thunderstorms over the city in the coming week, but said it remains uncertain whether the low-pressure trough driving the storms will develop into a tropical cyclone.
A spokesman for the Hong Kong Observatory said on Sunday that convective clouds associated with a broad trough of low pressure have been affecting the central South China Sea and are expected to bring heavy rain and thunderstorms to the city on Tuesday and Wednesday.
“Whether the area of low pressure will further develop into a
Hong Kong police have arrested 65 people in a crackdown on a criminal syndicate accused of running unlicensed nightclubs and gambling dens, where suspects allegedly served illicit drugs and hired illegal workers as hostesses.
Superintendent Ching Chi-yan said on Sunday that the force’s intelligence indicated a criminal syndicate was running illegal nightclubs inside industrial buildings in Hung Hom, as well as gambling dens in other areas of Kowloon West, prompting the operation.
“Over the past two days, the Kowloon West regional crime headquarters launched a large-scale
China’s new law on ethnic unity signals a shift in Beijing’s focus from handling specific ethnic matters to assimilation, according to a party ethnologist.
However, it has triggered concerns from the United States and the European Union about forced assimilation and the potential for “extraterritorial application”.
An article about the law published in the Beijing Daily on Monday sought to clarify the fundamental transition in China’s ethnic policy.
“The enactment of
Scientists warn that extreme weather events such as heatwaves are becoming more frequent and intense as a result of human-induced climate change
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South Korea issued its first-ever emergency heatwave alert on Sunday under a new warning system launched this year, advising people to halt outdoor activities and keep cool.
The new warning system was introduced to better deal with a rising number of heatwaves in South Korea, which have become longer
In an article published in People’s Daily on Sunday, Jing Quan, the ambassador to the Philippines, said clearing its “lingering toxic legacy” was a matter of the utmost urgency.
“The most important task for Manila today is to …