Day: May 4, 2025

Wealthy Chinese turn away from US real estate as Trump amps up trade war with Beijing

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Wealthy mainland Chinese are increasingly shifting their attention and capital away from the US to other real estate markets amid rising geopolitical tensions between Washington and Beijing, according to property agents. Advertisement In 2024, Chinese buyers’ demand for homes that cost more than US$5 million moved to Thailand, Australia and Canada, respectively, according to data tracked by Juwai IQI. By comparison, the US in 2023 was the top choice among Chinese buyers, according to the property portal, which has a network of over 50,000 real estate professionals across more than…

Toyota warns time running out to challenge China’s lead in hydrogen vehicles

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Toyota’s hydrogen chief has warned that vehicles powered by the green fuel could suffer the same fate as battery-powered electric cars, with Chinese groups rapidly dominating supply chains and exports unless other countries step up investment in the technology. Mitsumasa Yamagata, president of the Japanese carmaker’s hydrogen arm, said China was taking a lead in infrastructure for hydrogen trucks, reducing fuel costs to a third of Japan’s and rapidly building…

Huawei’s Shenzhen facilities reveal new push into advanced chipmaking

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Huawei is building a production line for advanced chips as part of a network of semiconductor facilities in Shenzhen that seeks to break China’s dependence on foreign technologies. The tech giant is the key player behind three manufacturing sites in Guanlan, a district of the southern city where Huawei is based, according to multiple people familiar with the matter and visits near the locations by the Financial Times. Satellite imagery obtained by the FT shows how the Guanlan factories, built in the same distinctive style, have been rapidly developed after…

Can Taiwan’s KMT stay relevant with long-shot bid to unseat island’s leader William Lai?

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Taiwan’s main opposition party, the Kuomintang (KMT), has launched a push to unseat Taiwanese leader William Lai Ching-te in what analysts characterised as a desperate bid to reverse its deepening crisis amid a sweeping recall campaign targeting its lawmakers. Advertisement Over the past several weeks, the Beijing-friendly KMT has seen a surge in recall petitions led by pro-Lai supporters, targeting its 35 district-elected legislators. At the same time, dozens of local KMT officials have been arrested for allegedly forging documents in counter-recall efforts against Democratic Progressive Party (DPP) lawmakers. Prosecutors…