“Together we can build on the best of what this relationship has been in the past, and create a new one that adapts to [the] new global reality,” Carney said during his opening remarks, adding that it could deliver stability, security and prosperity for both nations. Carney is on a state visit to China, the first by a Canadian leader since 2017. Both nations are at odds with the United States over President Donald Trump’s tariffs, and keen to mend fences after years of strained ties. Advertisement The Canadian leader…
Day: January 15, 2026
Social media companies purge 4.7mn accounts after landmark Australia ban
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Technology companies have deactivated or restricted access to 4.7mn social media accounts since Australia’s landmark ban on under-16s’ use of services including Instagram, X and TikTok came into force last month. The companies told the country’s eSafety Commissioner that they had cut or reduced access to accounts they identified as belonging to children aged under 16. With 2.5mn children between the ages of eight and 15 in Australia and many…
China’s quantum warfare weapons; ‘rising star’ quits US: SCMP’s 7 highlights
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Chinese military says it is developing over 10 quantum warfare weapons The People’s Liberation Army said more than 10 experimental quantum cyber warfare tools were “under development”, many of which were being “tested in front-line missions”, according to the official newspaper Science and Technology Daily.…
Chinese power stocks surge on State Grid’s record US$574 billion investment plan
Shares of Chinese electricity and grid equipment makers surged after State Grid unveiled a 4 trillion yuan (US$574 billion) plan to upgrade the country’s power networks, as surging demand and the global race in artificial intelligence drive investment in energy infrastructure. Baoding Tianwei Baobian Electric, which makes transformers, climbed 4.6 per cent to 14.50 yuan in Shanghai and power equipment manufacturer Henan Pinggao Electric jumped 4.8 per cent to 20.83 yuan. Suzhou Electrical Apparatus Science Academy soared 20 per cent to 8.16 yuan in Shenzhen, while Power Construction Corp of…
China’s supercooling tech packs 40% more punch into chips used in military radar
Chinese scientists have unlocked a revolutionary supercooling innovation in semiconductor technology, paving the way for a 40 per cent leap in the performance of gallium nitride-based radar systems, which are widely used in China’s most advanced stealth aircraft. The new Chinese-made chips can handle extreme power loads in the X and Ka bands – frequencies critical for advanced radar systems, satellite communications and next-generation wireless computer networks. “This is the most significant breakthrough in this field in nearly two decades,” northwest China’s Xidian University said on social media on Tuesday.…
Carney and Xi meet to mend Canada-China ties as Trump disrupts global order
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s Prime Minister Mark Carney has met China’s President Xi Jinping in Beijing as the two leaders seek to rebuild bilateral relations at a time when the US is disrupting global economic and political alliances. Carney, the first Canadian prime minister to visit Beijing in almost a decade, is turning to the world’s second-largest economy as part of an effort to double exports to non-US partners over the next decade.…
Sauce of deals? Century-old Japanese brand gets taste for M&A
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s biggest soy sauce producer is looking to dealmaking for global expansion as Japanese food companies seek to capitalise on the cuisine’s popularity abroad amid a shrinking population at home. The international head of Kikkoman, which supplies more than half of the US’s soy sauce, said the 108-year-old company would consider mergers and acquisitions as it hit the limits of organic expansion abroad. “Compared to before, I feel the…
US ambassador to China David Perdue to visit Hong Kong at the end of January, sources say
America’s ambassador to China, David Perdue, will visit Hong Kong at the end of January to speak at a business conference, according to sources. Perdue will address the Goldman Sachs Global Macro Conference Asia-Pacific 2026 on January 27, several people familiar with the matter told the South China Morning Post. They said the envoy was expected to spend “several days” in the city. Advertisement The US consulate in Hong Kong declined to comment on the matter. But an American diplomat in the city, speaking on condition of anonymity, confirmed that…
Trump’s ‘America first’ agenda driving countries closer to China: survey
United States President Donald Trump’s “America first” agenda is helping to make China great again and ushering in a “truly multipolar world”, according to a survey by the European Council on Foreign Relations. “A year on from Trump’s return, in countries across the globe, many people believe China is on the verge of becoming even more powerful,” the think tank said after surveying 25,949 people from 21 countries, including the US, China, Russia, Britain and Brazil. Most respondents thought China was leading in key industries, including renewable technology and electric…
China’s slowing growth, bilateral tensions top American business concerns in 2026
Concerns about China’s slowing economic growth and “strained” Beijing-Washington relations rank as the top two concerns among members of the American Chamber of Commerce in China this year, according to a chamber survey released on Friday. The growth concern was raised by around two-thirds of the 368 respondents, making it the leading issue, the annual China Business Climate Survey found. Fifty-two per cent of respondents reported being profitable or very profitable last year, 6 percentage points more than in 2024, with the service sector – where 61 per cent of…