Asia Pacific

Two-thirds of heavily subsidised flats under a government pilotscheme were sold on its first day of sales on Thursday after prices were lowered.

In a deal worth US$2.08 billion, McDonald’s said it will sell 80 per cent of its fast-food restaurant business in Hong Kong and mainland China to the largest Chinese international trust company and US private equity firm Carlyle Group.

Producer prices at China’s factories surprised the market on the upside in the last month of 2016, although consumer inflation eased slightly, according to data released by the National Bureau of Statistics on Tuesday.

China’s digital economy, already home to the world’s largest population of internet and smartphone users, is likely to create 415 million jobs by 2035, bolstering technology’s share to 48 per cent of gross domestic product, according to forecasts by

Beijing is mulling over a plan to merge the major state-owned production facilities for steel pipes used in the oil and gas industry, in a move that would be likely to create the biggest manufacturer of its kind worldwide.

Fewer Hongkongers intend to buy properties following the introduction of regulatory measures to curb real estate prices, even though interest in owning homes has not waned, a new survey says.

The number of technology start-ups in Hong Kong increased 24 per cent last year, a government survey found, as more young people embraced entrepreneurship.

Hong Kong prides itself on being up to date with the latest technology, and the ­government likes to call it a “smart city”, but to really embrace that concept, many believe ­Hongkongers must abandon the idea that cash is king and join the global tre

A 10-minute walk from Guomao, Beijing’s central business district and an enclave for hundreds of thousand of office workers, an imposing building with a bright green-white facade stands apart from others surrounding it.

China has announced plans to upgrade a civilian network of ­sensors and communications technology deep in the Western Pacific that it says is used in scientific research.