Day: April 24, 2026

With bad loans and repayment collateral in focus, Chinese banks are increasingly using satellites to evaluate their clients’ terrestrial assets, mounting a hi-tech offensive to safeguard against rising credit risks. China Merchants Bank and Shanghai Pudong Development Bank started making use of satellites this year, following a 2022 launch by Ping An Bank and a 2020 move into satellite remote-sensing technology by Zhejiang E-Commerce Bank. Advertisement Furthering the trend, the Postal Savings Bank of China and the China-headquartered Chang Guang Satellite Technology sent a jointly developed satellite into space this…

The idea of a token economy is gaining traction. The concept is still nascent, loosely defined and easy to dismiss as just another piece of artificial intelligence jargon. It is no surprise Chinese policymakers are quick to jump on the bandwagon. But in the Chinese context, there is a more concrete policy logic that deserves attention. It reflects an emerging attempt to reframe how energy, infrastructure and digital services interact, and in doing so, how China positions itself in the next phase… South China Morning Post

China would see India’s attempt to expand defence industry cooperation with South Korea in artillery and anti-aircraft guns as “inevitably sensitive” given Beijing’s border dispute with New Delhi in the Himalayas, according to analysts. After meeting with Indian Prime Minister Narendra Modi on Monday as part of his three-day visit to India, South Korean President Lee Jae Myung announced that Seoul and Delhi had agreed to upgrade their economic cooperation, focusing on vital sectors such as shipbuilding, defence and artificial intelligence. Lee said South Korea fully backed India’s “Atmanirbhar Bharat”…

In the southern tech hub of Shenzhen, a simmering rivalry between DJI and Insta360 has transformed their shared neighbourhood into a high-stakes corporate battleground. Both companies have long been hailed as the city’s poster children for Chinese innovation. DJI dominated the skies as the world’s undisputed leader in consumer drones, and Insta360 captured the niche market of panoramic cameras. Now they find themselves locked in a crosstown struggle for market supremacy that some say could reshape the global hardware landscape. Advertisement What began as a skirmish has since escalated into…

Another day, another big humiliation for William Lai Ching-te. The Taiwanese leader effectively had to cancel a visit to eSwatini, the island’s last partner in Africa, for the celebrations of the 40th anniversary of King Mswati III’s accession to the throne and his 58th birthday. Taiwan said the visit was “postponed” after the Seychelles, Mauritius and Madagascar cancelled their previously approved overflight permission without warning. Lai and his Democratic Progressive Party (DPP) functionaries, of course, blamed it on pressure from Beijing. Maybe the three African nations just don’t want to…

Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned as a critical source of stabilising local government finances that have been hit hard by the nation’s prolonged property crisis. Earlier this month, the State Taxation Administration (STA) released details of eight tax-violation cases involving sectors such as gold jewellery, alcoholic beverages and refined oil. The enforcement actions spanned multiple regions, including the provinces of Liaoning, Jiangsu and Guangdong, signalling a broader tightening of tax compliance for consumer goods. Advertisement In the…