Beijing seeks chip stability and fair market access during Dutch trade minister’s trip

Beijing has urged the Netherlands to ensure fair treatment for Chinese companies and maintain stable chip supply chains during a visit by the Dutch trade minister, as the two sides navigate tech tensions with Washington while seeking a “clean break” from friction over Nexperia.

“We hope the Dutch government will create a fair, impartial and predictable business environment for Chinese companies investing in the Netherlands,” Commerce Minister Wang Wentao said during a meeting with his Dutch counterpart, Sjoerd Sjoerdsma, according to a ministry statement on Wednesday.

During the meeting


Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism

UBS and Jefferies project the firm’s revenue to accelerate to 9% in June quarter, well above the 3% recorded in the previous quarter

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The logo of Alibaba is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Photo: TNS

Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery.
The gain, the

A healthy economy isn’t built on asset bubbles and debt pyramids

Illustration: Craig Stephens

Albert Bakhtizin is director of the Central Institute of Economics and Mathematics of the Russian Academy of Sciences, a member of the academy and a professor at Lomonosov Moscow State University.

In the animated Soviet film The Golden Antelope , inspired by Indian folklore, a magical antelope tries to save a boy from a greedy raja by promising him as much gold as he wants. When she asks whether there can be too much, the raja laughs: “You can


Woman arrested in Japan for sewing roommate’s lips together

The woman and the victim were flatmates, and the victim had been ‘too scared to run away’ before the incident

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Tokyo Tower in Japan. A woman living in Ibaraki Prefecture, northeast of Tokyo, was arrested on Monday on suspicion of sewing her flatmate’s lips together with a needle and thread. Photo: Reuters

A 49-year-old woman has been arrested for allegedly sewing together the lips of a woman she was living with, according to local police.

Masae Sakurai, a part-time worker living in Ibaraki Prefecture


Beijing slams Manila over South China Sea claims ahead of 2016 Hague anniversary

Philippines’ claims lack historical and legal basis, state-affiliated think tank says in another critique of maritime dispute

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Ships identified by the Philippine Coast Guard as Chinese research vessels are seen at Scarborough Shoal in the disputed South China Sea on June 15. Photo: AFP

Beijing has issued a lengthy critique of the Philippines’ territorial claims in the South China Sea , condemning its actions as “unlawful” expansions that pose a “grave threat” to the post-war global order.

Wednesday’s


China eyes Russian submarine rescue expertise in Yellow Sea naval drills

Joint exercise reveals deepening military cooperation between Beijing and Moscow while sending signal to Washington and its regional allies

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Vessels taking part in the Joint Sea-2026 naval exercise involving China and Russia are seen at a military port in Qingdao, Shandong province, on Sunday. Photo: Xinhua

Chinese and Russian military personnel will be put through their submarine rescue paces in naval exercises this week, with Beijing hoping to gain operational experience from its strategic partner as competition heats up beneath the seas.


Hong Kong survivors push to close ‘consent loophole’ in reforms to sex crime laws

Hong Kong women’s rights advocates and sexual assault survivors have urged authorities to close a loophole that allows defendants to claim an honest but mistaken belief in consent before a sexual act, warning that it could undermine proposed reforms.

The Association Concerning Sexual Violence Against Women and survivor group We Are X said on Wednesday that the government’s updated stricter definitions of consent should also be extended to this long-standing defence.

“If we agree that the defendant has to take steps to ascertain consent, there should be guidelines in


Chinese profit-taking triggers record gold ETF outflows amid shift to equities

Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-haven metal, according to the World Gold Council (WGC).

Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local investor risk appetite continued to improve”, prompting them to turn to higher risk, higher return assets, according to the

A jewellery shop on Canton Road in Tsim Sha Tsui, Hong Kong, during China’s ‘golden week’ holidays in May. Photo: Jelly Tse

Changes underway in Singapore’s smaller opposition parties as leaders quit

A year since the dust settled on the Singapore general election , leadership resignations in two small opposition parties signal a period of post-poll recalibration after disappointing results.

The once-promising Progress Singapore Party (PSP), led by ruling People’s Action Party (PAP) defector Tan Cheng Bock, was dealt an “existential blow” on Monday, analysts say, following the resignations of two central executive committee members.

Stephanie Tan, 38, was a newcomer who ran in the election, while Samuel Lim,

Stephanie Tan announces her resignation on social media. Photo: Instagram/progresssingaporeparty

Norway police says 28 arrested in international child porn operation

The men, aged 22 to 54, had been arrested in Norway, Sweden, Switzerland, Canada, the Czech Republic, Poland, and Germany

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A visual representation of digital cryptocurrencies, including Monero. The arrested men had used the cryptocurrency Monero to pay for access to several forums on the dark web. Photo: Getty Images

Norwegian police said on Wednesday that 28 men across seven countries had been arrested in an operation targeting buyers of material depicting sexual abuse of children.

Norway’s National Criminal Investigation Service

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