Day: June 17, 2025

“The tide has turned” for China’s private enterprises, said analysts with Goldman Sachs, as regulatory restrictions are being lifted to help non-state firms pursue breakthroughs in cutting-edge technology and expand their international presence. Advertisement The private sector’s “animal spirits” are making a return, with investment patterns suggesting a renewal led by capital expenditure, more aggressive overseas expansion plans, research and development spending and heightened fundraising activity, the investment bank said in a report published on Sunday. “The sustainability of the rebound hinges largely on more predictable policy and regulatory frameworks,…

China’s top spy agency said foreign agents had sent Chinese military research institutes fake job applications in emails with a Trojan program embedded in them. Advertisement In a social media post on Tuesday, the Ministry of State Security said they were among thousands of phishing emails sent by foreign spy agencies in recent years targeting Communist Party and government organs, national defence and military industrial units, as well as universities and research institutes. The post did not give details of who had been targeted in the recent attack, but said…

Hong Kong and Shanghai will sign a deal to increase collaboration in the financial sphere at the Lujiazui Forum on Wednesday, as the cities strengthen links to better withstand the implications of geopolitical tensions. Advertisement Financial Secretary Paul Chan Mo-po will be present for the signing of an action plan for collaborative development between the two cities on the opening day of the two-day forum in Shanghai, according to a statement from the Hong Kong government, which did not provide more details. The agreement would map out a blueprint for…

Chinese climate scientists are mourning the loss of a “pure, passionate” scholar after the sudden death of atmospheric physicist Wen Xinyu at just 45 years of age. Advertisement The associate professor with the Department of Atmospheric and Oceanic Sciences at Peking University’s School of Physics died on June 14 after suffering a heart attack, according to the obituary published by his home institute. The obituary paid tribute to Wen’s important contributions to the field of climate change and his great efforts in a career that was largely devoted to teaching…

Imagine beaming a HD movie from Shanghai to Los Angeles – crossing three Pacific widths – in less than five seconds using just a night light. Advertisement This may sound like fantasy because Starlink, operating just hundreds of kilometres above Earth, maxes out at a couple of Mbps. But from a secret satellite parked in stationary orbit more than 60 times higher, a team of Chinese scientists has used a 2-watt laser – dim as a candle – to push data through turbulent skies to Earth at 1Gbps, five times…