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Asia Pacific

Death by a thousand job cuts: the human cost of China’s zombie firms

Death by a thousand job cuts: the human cost of China’s zombie firms

Mr and Mrs Chen, both in their late 50s, opened a small bakery three years ago after they quit the nearby state-owned steel plant where they had worked for three decades.
Hong Kong the most expensive Asian city to build anything in, survey reveals

Hong Kong the most expensive Asian city to build anything in, survey reveals

Hong Kong, already the world’s least affordable urban centre to live and work in, is also the costliest Asian city to get anything built, due to its severe shortage of construction labour, according to a survey by global design and architecture consu
‘Made in China’ hi-tech plan risks pushing out foreign competitors, European businesses say

‘Made in China’ hi-tech plan risks pushing out foreign competitors, European businesses say

The European Union Chamber of Commerce in China has raised concerns about Beijing’s plans to develop the nation’s hi-tech prowess, arguing that Chinese firms will be given an unfair advantage through government support and their foreign competitors w
Hong Kong makes final shortlist to host 2022 ‘gay Olympics’

Hong Kong makes final shortlist to host 2022 ‘gay Olympics’

Hong Kong is to join Guadalajara in Mexico and Washington DC in the United States in contesting for the right to host the “gay Olympics” after making the final shortlist for the 2022 event.
Forget the Great Firewall: China is beefing up its ability to police all cyberspace

Forget the Great Firewall: China is beefing up its ability to police all cyberspace

China plans to bolster its defences in cyberspace while keeping a close eye on the US government’s review of its own strengths, a ­senior foreign ministry official said on Thursday.
Young Chinese consumers driving online sales of imported products

Young Chinese consumers driving online sales of imported products

The online shopping spree for imported goods is spreading to lower-tier cities in mainland China as younger consumers emerge as the main force for the upper end of retail consumption, according to an industry report. Last year, 56.
Trade war between US and China threat to global economy, says Australian trade minister

Trade war between US and China threat to global economy, says Australian trade minister

A trade war between the United States and China would pose a threat to the global economy, ­Australian trade minister Steven Ciobo warned.
Deleveraging financial market and curbing property bubbles top agenda for China’s congress this year

Deleveraging financial market and curbing property bubbles top agenda for China’s congress this year

Containing financial leverage and avoiding a property bubble will be the major focuses of the upcoming National People’s Congress (NPC) meeting due to start in Beijing on Sunday.
Chinese divorcees seek to change financially crippling clause in law

Chinese divorcees seek to change financially crippling clause in law

Divorcees in China are advocating for the revision of an article in the country’s Marriage Law, saying a stipulation they remain jointly liable for any debts can ruin their lives.
In landmark ruling, Vancouver homebuyer is ordered to repay millions to China’s Citic Bank

In landmark ruling, Vancouver homebuyer is ordered to repay millions to China’s Citic Bank

The rare ruling could open the “floodgates” for the pursuit of illicit Chinese funds in Canada