What fuels global trade imbalances: China’s overcapacity or America’s failure to adapt?

The logo of the World Economic Forum is pictured outside the Dalian International Conference Centre during the World Economic Forum Annual Meeting of the New Champions in Dalian, China’s Liaoning province, on June 23. Photo: AFP
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Ex-Chinese official’s son remanded in Hong Kong over HK$64m money laundering case

Xiao Rui, 37, also set to be penalised for using bogus bank records to deceive Immigration Department into granting him right of abode

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A bank teller counts yuan in Haian. Photo: CFOTO/Future Publishing via Getty Images
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Don’t restrict AI in sports, ensure fair access, Hong Kong lawmaker urges

An athlete trains at the Hong Kong Sports Institute. Photo: Elson Li

Hong Kong’s lawmaker for the sports sector has urged authorities to focus on ensuring fair access to AI rather than attempting to restrict its use, arguing that the technology has increasingly reshaped athlete development and competitions.
Speaking at a World Economic Forum panel in mainland China’s Dalian on Tuesday, Kenneth Fok Kai-kong said that artificial intelligence (AI) was transforming sports in ways that differed from past technological advances.

Such changes had made it

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China builds record-breaking 100-metre observation tower in South China Sea

China has built the tallest environmental observation tower in the South China Sea , the country’s meteorological administration has said.

Standing at 100 metres (330 feet) tall, the tower is almost three times higher than the previous tallest structure in the South China Sea and built to withstand super typhoons with wind speeds of over 200km/h (125mph), heavy waves, high humidity and high levels of salinity.

It is equipped with sensors to collect round-the-


China’s trading crackdown seen boosting Hong Kong as official capital hub

China’s crackdown on cross-border securities trading could strengthen – rather than diminish – Hong Kong’s financial role, according to economists, as Beijing steers more capital through official channels and reinforces the city’s status as an offshore yuan hub.

“I would argue that these moves make the importance of Hong Kong even bigger,” Diana Choyleva, founder and chief economist at Enodo Economics, said on Tuesday at the World Economic Forum’s annual “Summer Davos” meeting.


Anxious West seeks to rewrite global trade rules to counter China

Illustration: Craig Stephens

Wang Huiyao is the founder of the Centre for China and Globalisation, a Beijing-based non-governmental think tank.

At the recent Brussels summit, the leaders of all 27 European Union states called on the European Commission to expand the bloc’s trade defence toolbox against “global macroeconomic imbalances”, widely understood to refer to China’s so-called

Former Scottish National Party chief Peter Murrell jailed for embezzling party funds

Former SNP boss Peter Murrell arrives in a prison van at Edinburgh High Court for sentencing on Tuesday. Photo: via AP

Former Scottish National Party chief executive Peter Murrell was jailed for just over five years on Tuesday after admitting embezzling more than £400,000 (US$540,000) of party funds to buy items such as ‌cars, a motorhome and luxury goods.

Murrell, 61, is the estranged husband of ex-SNP leader Nicola Sturgeon, who suddenly resigned in 2023, shortly

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What is China’s aircraft carrier Liaoning testing – and why does it matter?

The Liaoning aircraft carrier strike group is said to have returned to its home port in Qingdao, Shandong province, on Monday, after completing more than 40 days of far-sea combat training. Photo: CCTV

China’s first aircraft carrier tried new tactics in its latest drill – including working with land-based tanker aircraft and coordinating with an amphibious assault ship – amid a push to strengthen military combat capability.

The Liaoning aircraft carrier strike group returned to its home port in Qingdao on Monday after completing more than 40 days of far-sea combat training, according to state broadcaster CCTV .
During the extended deployment, the Liaoning conducted combat exercises at

Royal succession crisis strains Malaysia’s governing alliance ahead of polls

Malaysia ’s rare postponement of a meeting of its royal council has pushed a throne dispute in the state of Negeri Sembilan beyond palace walls, threatening to turn a customary succession row into an electoral liability for Prime Minister Anwar Ibrahim ’s uneasy governing alliance ahead of snap polls.

The June 23–25 meeting of the Conference of Rulers – a council of Malaysia’s hereditary Malay rulers and state governors – was called off at the eleventh hour amid concerns that allowing Negeri Sembilan’s ruler to take part could


AI to help Hong Kong bookworms find a whole new world of words

Hong Kong’s annual book fair returns in July with a renewed focus on cultural exploration, tourism and the role of AI in reading, with the organiser hoping to break last year’s visitor turnout.

The Trade Development Council (TDC) said on Tuesday that the 36th Hong Kong Book Fair would be themed on “Reading the World: Cultural Legacy | Joyful Journeys,” running from July 15 to 21 at the Convention and Exhibition Centre in Wan Chai.

“Through this theme, we hope