What does the Jimmy Lai verdict mean for Hong Kong?

Media tycoon and pro-democracy advocate Jimmy Lai has been found guilty of foreign collusion following a landmark trial in Hong Kong. Lai was arrested in 2020 under the national security law imposed by Beijing in response to huge pro-democracy protests. Critics say the law has been used to crack down on dissent, although Beijing and Hong Kong defend it as necessary to maintain stability. Here’s everything you need to know about the case, and what the outcome means for Lai, and Hong Kong. Video by Kellie Highet and Meiqing Guan…

Worldwide sperm quality decline: can an easy-to-use balm from China solve the crisis?

In an attempt to solve the global fertility crisis, Chinese scientists have developed a balm for testicles they say can boost sperm activity. The lotion they developed for external application significantly enhanced sperm quality in both animal trials and in vitro studies, regardless of whether the decline in function was caused by exposure to heavy metals, plasticisers, heat stress or natural ageing, the researchers said. The study, conducted by researchers from several domestic institutes, including the Institute of Reproduction and Development at Fudan University and the Third Military Medical University…

China’s currency comeback: yuan seen as strong as 6.8 in 2026, breaking key dollar level

China’s currency appears poised to break through the psychological 7.0-per-dollar barrier next year, fuelled by US Federal Reserve rate cuts and thawing trade tensions, with some bulls betting that the yuan could strengthen to 6.8. Analysts and onlookers are increasingly optimistic, with some citing the potential for a relatively weaker US dollar and pointing to signs that Beijing’s policy support is stabilising the world’s second-largest economy. Guan Tao, a former senior official with China’s foreign exchange regulator, said key drivers include Fed easing and the prospect of stable China-US trade…

Tokyo spells out position on Taiwan, in part, in bid to ease tension with Beijing

The Japanese government has spelled out its position on Taiwan – although only in part – based on the 1972 document that normalised diplomatic ties to ease tensions, but insists the Taiwan issue should be resolved “peacefully through dialogue”. In a parliamentary session, Foreign Minister Toshimitsu Motegi repeated Tokyo’s position on Taiwan stated in the document that established and normalised diplomatic ties with Beijing and severed ties with Taipei – language Beijing has repeatedly urged Japan to restate in recent weeks. However, he did not read out a portion of…

China’s home prices slide further in November as authorities vow to stabilise sector

Home prices in mainland China continued to decline at a rapid pace in November, posing challenges for policymakers who have vowed to stem a years-long downturn. New home prices fell 0.4 per cent month on month on average across 70 cities, according to data from the National Bureau of Statistics (NBS) on Monday. The decline eased slightly from a 0.5 per cent fall in October, but it was among the steepest in more than a year. Prices slipped 2.8 per cent year on year in November, compared with a 2.6…

Afghan data breach victims take first step in suing UK Ministry of Defence

About 1,000 Afghan victims of a disastrous UK data breach that put them at risk of Taliban reprisals have taken the first formal step towards suing the Ministry of Defence for mishandling their personal information. The MoD has been sent a “letter before action” in a case expected to test new legal ground over the rights of data breach victims, Robert Whitehead, owner of Manchester-based law firm Barings, said in an interview. Barings said it had evidence that some of those on a leaked database, or people connected to them,…

Chinese mining giant CMOC pays US$1 billion for Brazilian gold mines with 8 tons of output

CMOC Group, one of China’s biggest miners, extended its push into precious metals with a US$1 billion deal to buy the Brazilian operations of Equinox Gold. It will take full ownership of two Equinox entities – Leagold LatAm Holdings and Luna Gold – that control several mines or deposits in the South American nation. Equinox will receive US$900 million in cash, plus a contingent payment of as much as US$115 million one year after the deal closes, CMOC said in an exchange filing on Monday. The Chinese firm is one…

The rise and fall of Jimmy Lai, whose trajectory mirrored that of Hong Kong itself

On Monday, a Hong Kong court convicted Jimmy Lai of national security offences, the end to a landmark trial for the city and its hobbled protest movement. The verdict was expected. Long a thorn in the side of Beijing, Lai, a 78-year-old media tycoon and activist, was a primary target of the most recent and definitive crackdown on Hong Kong’s pro-democracy movement. Authorities cast him as a traitor and a criminal. Lai’s trial was one of the last unfinished national security prosecutions of Hong Kong’s high profile activists, over their…

China investment falls for third straight month as economic fears deepen

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s investment fell for the third straight month in November, official data showed, just days after President Xi Jinping called on officials to reverse a decline that threatens to undermine growth in the world’s second-largest economy. Fixed asset investment for the year to date to November 30 declined 2.6 per cent on a year earlier, a steeper fall than the 2.3 per cent decline forecast by a Bloomberg survey of…