Beijing freezes Japan youth exchange programmes over Takaichi’s Taiwan remarks

Beijing has frozen youth exchange programmes with Tokyo amid continuing fallout over Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan, a diplomatic source said, raising concern that the bilateral rift could affect generations to come. The Japanese side was told about the cancelled programmes in recent weeks after China launched retaliatory measures against Japan over Takaichi’s comments earlier this month, according to the diplomatic source. “Usually, November and December are the season for youth exchanges, but now all are called off,” the source said. Advertisement Beijing has ramped up diplomatic…

Is China winning the innovation race?

Cruising along a raised highway in eastern China, Marcus Hafkemeyer takes his hands off the wheel and smiles as the car indicates, brakes softly and changes lanes itself. “I’m very proud,” he says. The German engineer is demonstrating Volkswagen’s rapid progress in offering assisted driving functionality to customers in China. Later, in an underground car park, the vehicle remembers its designated space and reverses effortlessly into the spot. The technology, a forerunner to completely driverless cars, has taken the German company about 18 months to develop, test and now commercially…

Death toll in Hong Kong blaze rises to at least 94

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. At least 94 people have died in a fire in a Hong Kong apartment complex, according to authorities in the Chinese territory who said emergency services appeared to have extinguished the deadliest residential fire in its modern history. As many as 76 people were injured. It is unclear how many people are still missing. Earlier, authorities had said 279 persons were unaccounted for. The fire broke out on Wednesday in…

Building the future: China eyes smarter, more efficient transport infrastructure

With the world’s biggest high-speed rail network already established, China now plans a more balanced, integrated and intelligent transport system over the next five years, prioritising efficiency and smart technology over sheer scale. Beijing will move away from large-scale expansion to optimising new projects and upgrading existing assets, Minister of Transport Liu Wei said at a recent symposium on the 15th five-year plan attended by local transport officials, according to an official statement issued on Thursday. In an earlier article for Qiushi, the ruling Communist Party’s leading theoretical journal, Liu…

Millions in China cram for civil service exam and the hope of a job for life

A record number of people are set to take China’s notoriously gruelling national civil service exam this weekend, reflecting the increasing desire of Chinese workers to find employment in the public rather than private sector. Around 3.7 million people have registered for the tests on Saturday and Sunday, which will be the first since the government increased the age limit for certain positions. The age limit for general candidates has increased from 35 to 38, while the age limit for those with postgraduate degrees has been raised from 40 to…

China’s top economic planning agency warns of rise of too many robots

Beijing has flagged risks of excessive duplication in China’s rapidly growing humanoid robot sector, vowing to strengthen guidance for an industry that officials have identified as an important engine of future growth. Driven by an influx of new capital, the number of humanoid robot companies in China has climbed to over 150 and is continuing to grow, National Development and Reform Commission (NDRC) spokeswoman Li Chao told a news conference in Beijing on Thursday. “More than half of them are start-ups or cross-industry entrants, which is a good thing for…

Amrish Rau: India outshines even China on fintech

This online version of the India Business Briefing newsletter is free to read today. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Pine Labs went public earlier this month amid a crowded IPO calendar, listing 9.5 per cent above its issue price. The company operates in a relatively unglamorous part of the vibrant Indian fintech space: providing payment technology including point-of-sales (POS) machines. The group has ridden the wave of the country’s digital payments boom of nearly two decades, propelled by…

After Hong Kong fire, can new tech protect China’s high-rises from tragedy?

A massive fire engulfed the Wang Fuk Court residential estate in Hong Kong on Wednesday, sparking discussions about the potential for new firefighting technologies to boost rescue capabilities. It was Hong Kong’s deadliest inferno in recent decades, as fire rapidly spread across seven adjoining residential blocks covered in bamboo scaffolding. Residential high-rises are closely clustered in the densely populated city. Since 2000, China has built almost 1,600 skyscrapers – 60 per cent of the… South China Morning Post

Taiwan’s William Lai accused of stoking fear with 2027 countdown confusion

Opposition critics have accused Taiwanese leader William Lai Ching-te of stoking fear on the island with his suggestion that Beijing could be preparing to take Taiwan by force by 2027. The controversy erupted after Lai told a press conference on Wednesday that Beijing was pursuing a goal to “complete unification with Taiwan by force by 2027”, a line later amended on his official platforms to specify preparation for such an option rather than a scheduled assault. Advertisement Karen Kuo, a spokeswoman for Lai’s office, insisted 2027 was not a “confirmed…