This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Several US military aircraft crashed in Kuwait on Monday morning, according to a statement issued by the Kuwaiti Ministry of Defence, which confirmed that the crew were safe. “Authorities immediately initiated search and rescue operations, evacuating the crews and transporting them to a hospital for medical evaluation and treatment,” the statement said, quoting a spokesman who “noted that their condition is stable”. Advertisement Meanwhile, the US embassy in Kuwait…
Day: March 1, 2026
Nissan CEO Ivan Espinosa: ‘So many things happen every morning it’s scary’
Last spring when Ivan Espinosa was asked to take the top job at Japanese carmaker Nissan, he first turned to his wife and two children to ask whether they were ready for a big change. Their answer was an unequivocal yes but even with their full support, the 47-year-old Mexican must have wondered what he was getting into. The company was suffering its biggest financial crisis since former boss Carlos Ghosn rescued it from near bankruptcy in the late 1990s. Its decades-old capital alliance with France’s Renault had failed to…
US shipbuilding revival looks dead in the water, China’s Li Yanqing says
South China Morning Post
From backer to enemy — how Pakistan turned on the Taliban
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Top China shipbuilding voice Li Yanqing on why the US industry can’t be rebuilt overnight
Li Yanqing, executive vice-president and secretary general of the China Association of the National Shipbuilding Industry (Cansi), discusses the impact of US trade policies, global market cycles and China’s strategic pivot towards high-quality manufacturing. As a shipbuilding veteran who also serves as chairman of the ISO/TC 8 ships and marine technology committee, which oversees international standardisation for shipbuilding and marine operations, Li is a prominent voice for China’s industry on the global stage. For other interviews in the Open Questions series, click here. Advertisement The United States has its own…
Now is the time for China to show it’s serious about opening up
As China’s leaders convene for the annual “two sessions” starting this week, the eyes of the world will be fixed on Beijing. This gathering is no ordinary policy meeting. Beyond setting the economic growth target for 2026, it will finalise the 15th five-year plan (2026–2030), a blueprint that will define the nation’s economic and social priorities for the second half of this decade. In an era of intensifying great-power competition, particularly with the United States, these decisions will shape how China builds technological strength, economic resilience and national security. Crucially,…
China’s National People’s Congress set for high-tech and low growth
This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here Hello and welcome to the working week. The next seven days are set to be dominated by the conflict in the Middle East following the attacks on Iran over the weekend and the political fallout from the death of its supreme leader, Ayatollah Ali Khamenei. Against a backdrop like that the rest of the week’s events are bound to be…
China solar boom helps energy emissions fall slightly in 2025
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. China’s emissions from energy and industry fell slightly last year after a solar boom helped to meet a larger part of its growing power needs, according to official statistics, continuing a trend begun the year before. The data released at the weekend showed a 0.3 per cent decline in emissions from energy and industry during 2025. This was against the wider backdrop of a 3.5 per cent rise in total…
Pentagon confirms three American deaths in Iran war
The US military on Sunday confirmed that three American service members have been killed and five seriously wounded as part of Operation Epic Fury, a joint military assault by the United States and Israel against Iran launched a day earlier. Several others sustained minor shrapnel injuries and concussions and are being returned to duty, according to the US Central Command. “Major combat operations continue and our response effort is ongoing,” the command said in a social media post. Calling the situation “fluid”, the statement did not say where the service…
Khamenei is dead. But China’s ties with Iran will endure. Here’s why
China has strongly condemned the killing of the Iranian supreme leader, Ayatollah Ali Khamenei, which has left Tehran in turmoil and the Middle East facing a major regional escalation. However, analysts believe that China’s position as Iran’s top oil buyer and trade partner will endure through any political upheaval. They also expect Beijing to adopt a pragmatic approach towards Iran’s next leadership, despite the potential threat to Chinese diplomatic and defence ambitions in the Middle East should Tehran now pivot to the West. Advertisement The death of Khamenei, 86, in…