Day: January 19, 2026

While there may be hopes in Beijing that Washington’s attempt to acquire Greenland has strained transatlantic ties and might draw European countries closer to China, a veteran US diplomat said such a fundamental realignment was unlikely. The core task of the European Union’s foreign policy will remain navigating intensifying US-China rivalry while seeking a workable balance between the two, according to William Klein, a former charge d’affaires at the US embassy in China. Addressing a seminar at the University of Hong Kong on Monday, Klein said he had “detected some…

Shares of Chinese toymaker Pop Mart rallied nearly 10 per cent on Tuesday morning after the company announced its first share buy-back in nearly two years, following a decline from last year’s peak. Pop Mart’s Hong Kong-listed shares rose to HK$198.70 at the open as investors welcomed the move. Shares were up 8.5 per cent at HK$196.10 at the noon break. The stock remains below last year’s closing level of HK$200.20, and about 42 per cent off its August peak, suggesting softer momentum amid fierce competition and sluggish consumption. Advertisement…

Shanghai has laid out a full spectrum of goals on finance for the next five years and beyond, following an unequivocal push by China’s central leadership to grow the city into an international financial centre. China’s largest city-level economy aims to evolve into a world-class, socialist metropolis by 2035, with an intensified focus on innovation and manufacturing, according to a local document released on Monday. Shanghai unveiled its proposals for the drafting of its own 15th five-year plan, with multifaceted socio-economic goals covering the years 2026 to 2030. A full…

China achieved its twin goals of tech advancement and macro stability in 2025. Its goals for 2026 remain the same. However, a rapidly deteriorating global security environment is likely to shift national priorities towards preparation for worst-case scenarios. Oil supplies and sea lanes are becoming insecure. The US-China trade war could reignite at any time. China will have to accelerate its goals of energy and technology self-sufficiency to enhance national resilience. Fighting for sea lane security could be the biggest risk event in 2026. On the domestic front, China achieved…

Taiwan’s military held a closed-door briefing on Monday to break an opposition blockade of a controversial NT$1.25 trillion (US$39.5 billion) special defence budget that has prompted accusations of “black box” decision-making from rival parties. Taiwanese Defence Minister Wellington Koo Li-hsiung delivered a classified briefing to the legislature’s foreign affairs and defence committee, seeking to persuade lawmakers to allow the long-stalled bill to be referred for committee review. The package – the largest defence spending proposal in Taiwan’s history – was announced by Taiwanese leader William Lai Ching-te in November as…

China has emerged as a credible challenger to the US in artificial intelligence-driven drug discovery, where advantage depends not only on computing prowess but also on the ability to effectively mine data, from genomes to clinical trial results, according to Leung Chuen-yan, a private equity investor and life sciences scientist. “Globally, the way companies develop and use AI to discover drugs is similar, from finding the drug target and designing the molecule to planning clinical trials,” said Leung, a partner for healthcare investment at Hong Kong-based Value Partners Group, in…

For years, many of mainland China’s art students dreamed of working or studying in Europe. After hours spent poring over the works of the continent’s masters as part of their degree requirements, living where their pieces are preserved, displayed and appreciated would seem a natural fit. But with funding and hiring freezes striking numerous overseas art programmes and museums, that path grows less appealing by the day. Now, rather than relocate to a new continent to further their studies, more of the mainland’s graduates are opting for a shorter trip:…