Day: February 4, 2026

China is seizing its role as the chair and host of Apec 2026 to position itself as a staunch defender of multilateralism, according to analysts, and they see the platform being used to elevate the nation’s economic governance initiatives to a global level. The strategic push was on display at the two-day Finance and Central Bank Deputies’ Meeting that began on Wednesday in Shanghai, where Vice-Minister of Finance Liao Min called on members to uphold multilateralism. “Closer cooperation is needed, more than ever … as uncertainty weighs on growth and…

Beijing has recently targeted tax incentives in telecoms and other select industries after fiscal revenue dropped sharply in late 2025, fuelling market speculation of similar, larger-scale moves and triggering volatility. The South China Morning Post examines the latest developments and outlines how economists view the changes. What has the Chinese government announced? Beijing has moved to boost government finances by tightening tax incentives and raising preferential rates across several sectors, following a sharp decline in fiscal revenues amid an economic slowdown and persistent deflationary pressure. Advertisement On Sunday, select telecoms…

Lockheed Martin expects to have around 300 of its fifth-generation F-35 fighter jets operating in the Asia-Pacific by 2035, one of the US aerospace giant’s senior executives said at the Singapore Airshow on Tuesday. Steve Sheehy, aeronautics vice-president of international business development, made the prediction during a media briefing in which he cited the “emergence of threat” in the region and the “game-changing” interoperability achieved by US allies. Lockheed Martin’s appearance at the Singapore Airshow came against a backdrop of China’s rapid expansion of its own fifth-generation fighter force. Advertisement…