Day: October 22, 2025

China’s youth jobless rate falls but remains high after record graduation season

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China’s urban youth unemployment rate edged lower last month but remained at a concerning level amid ongoing struggles for many young people to find work in a challenging and crowded job market. Advertisement The jobless rate for the 16 to 24 age group, excluding students, dipped to 17.7 per cent in September from 18.9 per cent in August, according to data released by the National Bureau of Statistics on Wednesday. For many, job opportunities matching their skills and expectations have remained elusive in a market strained by deflationary pressures and…

Director of Hong Kong-listed FSM Holdings resigns amid Cambodia allegations

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Li Thet, executive director of Hong Kong-listed FSM Holdings, resigned after US authorities linked him to an alleged Cambodian cyber-scam operation. Advertisement The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Li for alleged criminal involvement with what it called the Prince Group transnational criminal organisation (TCO), which it and UK authorities said was involved in online scams, human trafficking and money laundering. Prince Holding Group, led by a Chinese-born businessman Chen Zhi, was the outward-facing corporate identity of the TCO, according to the OFAC. Li…

UK Hongkongers rue the rockiness of their ‘lifeboat’ after threatened visa changes

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Alpha Wong was acting on what he viewed as a clear commitment from British authorities when he moved with his mother and sister from Hong Kong to the London borough of Sutton three years ago. The software engineer trusted official assurances that he and other holders of British National (Overseas) passports issued to Hongkongers would qualify for permanent settlement in the UK five years after arrival. Full British citizenship would be available a year later. But like many of the more than 180,000 people who have used a visa scheme…

New Chinese drone spotted flying for the first time. Is it a next-gen bomber?

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A new Chinese stealth flying-wing drone, possibly a next-generation bomber, has been spotted flying for the first time. Advertisement A video of the large stealth “cranked kite” drone, unofficially dubbed the GJ-X, has circulated on Chinese social media since October 19. It appeared to be the same aircraft – or one with a very similar design – captured in satellite imagery taken in August at China’s Malan airbase in Xinjiang Uygur autonomous region, according to a report by The War Zone earlier this week. The Malan base aircraft’s wingspan was…