In all, 16 core members of mafia-like crime syndicates were put to death for a range of crimes, from murder to fraud and human trafficking. While all of the victims in the cases were Chinese nationals, many of the condemned were citizens of Myanmar, a largely Buddhist country not known for executing crime bosses. Advertisement Yet, China was able to convince authorities in Myanmar to hand over suspects. Observers said Southeast Asian countries might have little choice but to acquiesce, with China showing “merciless resolve” to protect the interests of…
Day: February 7, 2026
China’s Year of the Horse shoppers let emotional satisfaction take the reins
As the Year of the Horse approaches, Chinese consumers are hunting online for mascots, dolls and charms themed after the zodiac animal – a pursuit industry observers say favours soft, round and playful designs over formal styles and places more weight on emotional fulfilment than material possessions or brand prestige. This craze is boosting retail sales for plush toys and gold accessories, as is evident in toymaker Pop Mart’s sold-out Have a Good Run series of plush pendants, as well as brisk sales of domestic jeweller Chow Tai Seng’s enamel…
India embraces free(er) trade
Indian parliamentarians thumped their desks and shouted Narendra Modi’s name last week as the Indian prime minister heralded a new trade pact with the US, only a week after agreeing a full-blown trade agreement with the EU. “A self-confident India has today emerged as a trusted partner of many countries around the world,” Modi declared. “The trade deals concluded with the European Union and America are vivid examples of this.” Analysts said the Modi government’s move to cut tariff-busting deals with Europe and the US marked a historic shift in…
China’s heavy industry starts long march from rust belt to sunshine
China’s aluminium industry has embarked on a green long march, moving millions of tonnes of production from the northern coal country, its stronghold for seven decades, to pockets of the south and west rich in renewable energy. The country’s output of electrolytic aluminium, the sector’s main product, reached 43.8mn tonnes in 2024, accounting for about 60 per cent of the world’s total production, according to local industry data. However, following a spree of relocations in recent years, 13mn tonnes of that capacity — about 30 per cent — now comes…
How a deadly tumour cell protein could help fight Alzheimer’s disease
A protein secreted by deadly tumour cells could be a powerful weapon against Alzheimer’s disease, Chinese researchers have found. While Alzheimer’s disease and cancer are common in ageing populations and are among the leading causes of death worldwide, it is unusual for them to occur in the same person. A Chinese research team said late last month they had identified a protein from cancer cells that could explain why patients with a history of cancer were less likely to develop Alzheimer’s disease. Advertisement This discovery could open new doors for…
As China intensifies offshore tax hunt, exporters struggle with compliance
For those in China’s cross-border trade business, a sweeping tax crackdown is beginning to be felt. Heightened scrutiny of unreported overseas income is reshaping cost structures, squeezing margins and forcing exporters to rethink how they operate across borders. “It has taken a real bite out of profits,” said Henry Huang, a Zhejiang-based exporter who now faces higher taxes yet little room to pass on costs to price-sensitive customers in the United States and Europe. “It’s hitting everyone in the industry,” he added. Advertisement The pressure follows stepped-up efforts by local…
Hong Kong’s budget should move the city towards ‘inspirational’ development
At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures for industries and social services, a report on the government’s fiscal position and financial estimates for the coming year. The public typically looks for “sweeteners” – tax rebates or subsidies – and for any fee…
How old is Chinese civilisation? It really dates back 8,000 years, an archaeologist argues
A noted archaeologist is challenging conventional wisdom on one of the world’s oldest cultures, arguing that Chinese civilisation has a recorded history stretching back 8,000 years – three millennia beyond the widely accepted benchmark. An article published late last year on the official portal Chinese Social Sciences Net made the bold new claim that the emergence of astronomy should be seen as the starting point of Chinese civilisation. The author was Feng Shi, a member of the Chinese Academy of Social Sciences and a research fellow at its Institute of…
Japan goes to the polls after shortest campaign in postwar era
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Voting has started in Japan in an election that has transformed national politics and appears on course to hand a historic power boost to the country’s first female prime minister. Sunday’s election to the lower house of parliament follows the shortest campaign in the postwar period. It is being fought in February for the first time in 36 years with large parts of the north under a record amount of snow.…
Black Hawk to drone: new frontier in US rivalry with Beijing over Taiwan Strait?
The US is converting Cold War-era helicopters into drones, a move defence experts say could play a “critical role” in any conflict with Beijing over the Taiwan Strait. The PLA has also been retrofitting outdated aircraft to act as uncrewed drones, with both militaries unveiling similar systems within a month of each other last year. The S-70UAS U-Hawk, a fully autonomous helicopter based on the UH-60 Black Hawk, was first showcased last October at an annual American military event, where it was pitched for high-risk cargo resupply and tactical missions.…