As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and whether it will expand on existing initiatives to boost domestic consumption. Advertisement For more stories in this ongoing series, click here. Five years ago, Joe Zhang was a high-flying analyst at a Beijing-based foreign company. And he was content…
Month: September 2025
FirstFT: Big banks resume hiring in Hong Kong as dealmaking booms
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and welcome back to FirstFT Asia. In today’s newsletter: Hong Kong bank staffing rebounds China opens way to WTO reform India’s polo-playing steel tycoon Big global banks have relocated senior managers to Hong Kong and are boosting teams in response to a surge of stock listings and dealmaking in the Asian financial hub.…
China’s plans to cut emissions too weak to stave off global catastrophe, say experts
China announced its plans for future cuts to greenhouse gas emissions on Wednesday, producing a scathing response from experts who said they were much too weak to stave off global catastrophe. The world’s second-biggest economy is also the biggest source of carbon dioxide by far, and its decisions on how far and how fast to shift to a low-carbon model will determine whether the world can stay within relatively safe temperature bounds. China’s plans are to cut emissions by between 7% and 10% of their peak by 2035 – a…
What China seeks to achieve with the Global Governance Initiative
Eighty years ago, the people of the world won a great victory in the war against fascism. In its wake, the United Nations was born, to “save succeeding generations from the scourge of war, which twice in our lifetime has brought untold sorrow to mankind”, opening a new chapter in global governance. Advertisement Today, though the historical trends of peace, development, cooperation and mutual benefit remain unchanged, a Cold War mentality, hegemonism and protectionism continue to haunt the world. With new threats and challenges emerging, global governance is at a…
The Guardian view on the climate crisis: green energy is booming – but fossil fuels need to shrink too | Editorial
All is not lost, Simon Stiell, the UN’s climate chief, told the Guardian last week. But the latest planetary health check from the Potsdam Institute for Climate Impact Research is a brutal reminder of how close the Earth is being pushed beyond repair. Seven of the nine planetary boundaries are now breached, with ocean acidification added to the danger list. Yet the world has proved that cooperation works: the ozone layer is healing, air pollution controls are working. A decisive test looms at the end of the month, when governments…
Von der Leyen softens tone as EU seeks China’s help on Ukraine war, climate
Despite frictions on trade and geopolitics that hang over their bilateral ties, leaders from the European Union and China vowed to work together to tackle global challenges on Wednesday, a day after US President Donald Trump ridiculed the “green scam” of climate change. Advertisement Europe wants to work more with China on climate and biodiversity, even as it called on Beijing to help “stop the killing in Ukraine”, said European Commission President Ursula von der Leyen following a meeting with Chinese Premier Li Qiang on the margins of the United…
‘Science demands action’: world leaders and UN push climate agenda forward despite Trump’s attacks
World leaders have unveiled new targets to cut planet-heating pollution at the United Nations, in a bid to spur fresh impetus to the beleaguered climate effort a day after Donald Trump called the crisis “the greatest con job ever perpetrated upon the world”. A total of 120 countries and the European Union announced new goals to reduce greenhouse gas emissions in New York on Wednesday. The pledges most notably include one from China, the world’s leading emitter. António Guterres, the UN secretary-general, convened the special summit for the new goals…
India and China vie for Global South leadership at UN gatherings
India and China, recently seen moving towards rapprochement after years of strained ties, held separate meetings with Global South countries on the sidelines of the United Nations General Assembly in New York this week, highlighting a quiet rivalry for leadership of the developing world. Advertisement The world’s two most-populous countries had been expected to present a united front as global trade and multilateralism face increasing headwinds under US President Donald Trump’s second term. Instead, their parallel diplomacy shows a persistent competition for influence. Chinese Premier Li Qiang, who chaired Beijing’s…
South Korean investment in the US is now in peril
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is the founder and publisher of Korea Tech & Trade Watch “The United States seems to have changed,” South Korean Foreign Minister Cho Hyun said last week in the national assembly. His remarks came against the backdrop of harrowing accounts from South Korean nationals detained in an Immigration and Customs Enforcement agency raid on the Hyundai-LG plant in Georgia and recently released to return home. While…
South Korean investment is now imperilled in the US
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is the founder and publisher of Korea Tech & Trade Watch “The United States seems to have changed,” South Korean Foreign Minister Cho Hyun said last week in the national assembly. His remarks came against the backdrop of harrowing accounts from South Korean nationals detained in an Immigration and Customs Enforcement agency raid on the Hyundai-LG plant in Georgia and recently released to return home. While…