Chinese authorities are accusing online stand-up comedy shows of “stirring up gender antagonism”, after performances featuring female comedians addressing gender-related topics have gained popularity in recent weeks. Advertisement The shows provide a unique space for discussing social issues, including problems faced by women, but the Zhejiang province publicity department said some of the content had “gradually deviated from humour and simplified gender topics into pitting men and women against each other”. The article published on the department’s official WeChat account on Sunday said such content was “an effective way to…
Month: July 2025
China’s mega dam project in Tibet sparks hydropower stock surge
China’s construction of the world’s largest hydropower dam in Tibet has boosted related stocks, as analysts predict that infrastructure construction companies, energy developers, and power grid equipment manufacturers would benefit from the substantial investment into what Beijing calls the “project of the century”. Advertisement Chinese Premier Li Qiang on Saturday announced the start of the project, situated on the lower reaches of the Yarlung Tsangpo River, which becomes the Brahmaputra River as it leaves Tibet and flows south into India and finally into Bangladesh, state news agency Xinhua reported. The…
Former SMBC Nikko bankers found guilty of market manipulation
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. A Japanese court has handed down guilty sentences to five former executives at brokerage SMBC Nikko Securities for their role in market manipulation, capping a scandal that rocked the nation’s financial sector. The Tokyo District Court gave suspended prison sentences on Tuesday to two foreign nationals — Trevor Hill, an American who was head of equities, and his British deputy Alexandre Avakiants — as well as three Japanese…
China’s UBTech Robotics eyes US$307 million Hong Kong share placement
Shenzhen-based UBTech Robotics, China’s top maker of humanoid robots, plans to raise about HK$2.41 billion (US$307 million) through a share placement in Hong Kong, according to a filing on Tuesday. Advertisement The company, which became the first robotics maker on the Hong Kong stock exchange in 2023, is offering 30,155,450 new shares at HK$82 per share, representing a discount of about 9 per cent to the closing price of HK$90.25 on Monday. The new shares would represent around 6.39 per cent of the company’s enlarged issued share capital after the…
China’s BYD calls UK electric car subsidies ‘stupid’ as it expands in Europe
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BYD has criticised the UK’s new electric car subsidy scheme designed to keep out Chinese brands as “stupid”, warning that the discounts would work like a “drug” that would hurt the country’s market over the longer term. In an interview with the Financial Times, BYD’s executive vice-president Stella Li, who oversees the carmaker’s international expansion, predicted BYD’s sales would not be affected by the UK government policy some executives have…
BYD executive labels UK EV subsidies ‘stupid’ as carmaker expands
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BYD has criticised the UK’s new electric car subsidy scheme designed to keep out Chinese brands as “stupid”, warning that the discounts would work like a “drug” that will hurt the country’s market over the longer term. In an interview with the Financial Times, BYD’s executive vice-president Stella Li, who oversees the carmaker’s international expansion, predicted BYD’s sales would not be affected by the UK government policy some executives have…
Chinese lead poisoning scandal raises fresh questions over local governance
Advertisement On Sunday, the authorities in the northwestern province of Gansu said 10 local officials were under investigation over the incident in the city of Tianshui. One political scientist, speaking on condition of anonymity, said the slow response to the incident showed how local officials “try to avoid taking responsibility”. He added that a “passive feedback mechanism” made it hard for the public to obtain accurate information. The investigation found that a local hospital and the provincial centre for disease control and prevention (CDC) had falsified test results. Advertisement On…
Trump left a power vacuum at the UN. China saw an opportunity
Trial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos & Podcasts 20 monthly gift articles to share Lex: FT’s flagship investment column 15+ Premium newsletters by leading experts FT Digital Edition: our digitised print edition Financial Times
China moves to widen influence at UN and fill US power vacuum
Trial $1 for 4 weeks Then $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial. Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT FT Videos & Podcasts 20 monthly gift articles to share Lex: FT’s flagship investment column 15+ Premium newsletters by leading experts FT Digital Edition: our digitised print edition Financial Times
‘Make Ishiba Go Away’: Japan’s LDP reels after historic defeat
After an election that has reduced Japan’s Liberal Democratic party to its weakest parliamentary position in 70 years, Prime Minister Shigeru Ishiba vowed to remain in office to protect the country’s politics from instability. Many suspect, however, that he has guaranteed months of turmoil. Ishiba’s party, which has governed Japan for all but a few years since 1955, has lost its majority in the lower and upper houses of parliament. Ishiba was in charge in both elections — a snap lower house election called in October and Sunday’s vote for…