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State-owned Jiangnan Shipyard (Group) plans to build the world’s first nuclear-powered container vessel, a move that would cement China’s dominance in an industry increasingly shifting to renewable energy.Lin Qingshan, vice-president of the Shanghai-based shipbuilder, told the Post on Thursday that a 25,000-container vessel was being designed, adding that these next-generation ships would use nuclear power. Construction could start in 10 years’ time, he said.“We will also invest in building shipyards slated for constructing nuclear-powered [container] vessels,” Lin said in an interview with the Post during the Marintec China conference in Shanghai. “Jiangnan aims to be a front runner in this…
Taking a short cut through Pattaya’s “Scammer Alley”, a neon maze of bars, hotpot restaurants and 24-hour Korean barbecue joints, taxi driver May shakes her head.The money washing around this Thai resort is so thick with fraud that even her own bank account has been frozen.“They pay with QR codes linked to mule accounts,” she said, referring to bank accounts legally registered under Thai names but secretly controlled by the foreign cybercriminals who have turned this part of Southeast Asia into a scam empire.Across Thailand, banks have frozen tens of thousands of suspected “mule” accounts in recent months. Yet the…
We’re in the final stretch of 2025 and entering the second week of the historically strong market month of December. Barring a calamity, the S & P 500 should be able to turn in a third straight year of gains. The index has advanced nearly 17% year to date. Whether it goes higher from here or retreats depends on what happens this week. The Federal Reserve’s last scheduled policy meeting of the year, set for Tuesday and Wednesday, is one of the big events we’re watching in the week ahead. It’s also likely to be the most consequential. The other…
Huang Yiping is the dean of Peking University’s National School of Development and a member of the Monetary Policy Committee of the People’s Bank of China, the country’s central bank. He also sits on the Hong Kong stock exchange’s Mainland China Advisory Group.In his second Open Questions interview, Huang shares his thoughts on the need for caution in adopting new technologies like stablecoins and artificial intelligence, China’s next five-year plan and whether its tariff ceasefire with the US will last.This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here.AI, if better utilised, may…
Huang Yiping is the dean of Peking University’s National School of Development and a member of the Monetary Policy Committee of the People’s Bank of China, the country’s central bank. He also sits on the Hong Kong stock exchange’s Mainland China Advisory Group.In his second Open Questions interview, Huang shares his thoughts on the need for caution in adopting new technologies like stablecoins and artificial intelligence, China’s next five-year plan and whether its tariff ceasefire with the US will last.This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here.AI, if better utilised, may…
China has launched a revolutionary facility in the eastern province of Shandong that produces fresh water from seawater for just two yuan (US$0.28) per cubic metre, generating green hydrogen as a by-product in a breakthrough that could redefine global water and energy systems.This small but world-first installation in the city of Rizhao is powered entirely by seawater and low-grade waste heat from nearby steel and petrochemical plants, official provincial news outlet Dazhong reported on Saturday.The facility has operated continuously for over three weeks, producing high-purity hydrogen without the need for costly desalination or precious freshwater resources, the report said.For every…
A container is offloaded from the Wanhai 175 cargo ship at the Tan Vu Terminal, operated by Vietnam Maritime Corp., at Haiphong Port in Haiphong, Vietnam, on Wednesday, Jan. 15, 2025. Bloomberg | Bloomberg | Getty ImagesThe proportion of volume from suppliers in China, Hong Kong, and Korea has declined from 90% to 50% over the past decade, reflecting a long-term diversification of supply chains that picked up steam during the first Trump administration and trade war, according to an analysis from Wells Fargo Supply Chain Finance. “From 2018 to 2020, the supplier diversification away from China nearly doubled after the first tariff actions,” said…
Tim Hortons, a renowned Canadian multinational coffee and fast-food chain, has announced to launch its franchise for the first time in Karachi on December 12. “Tim Hortons is all set to land in Karachi. Opening doors on 12th December 2025 at DHA Phase 8, Karachi. See you at Tims!,” the Canadian fast-food chain wrote in a social media post. Tim Hortons is famous for its signature coffee and donuts. The restaurant also offers a wide range of quick meals, breakfast options, and snacks. It is owned by Restaurant Brands International Inc (RBI), a Toronto-based company that also owns other fast…
Imagine a robot that could tie your shoelaces to the perfect degree of tightness, or a robotic hand capable of performing abdominal surgery and then suturing the wound with impeccable precision.You might assume these feats would rely on complex electronic sensors, and yet a breakthrough by Chinese scientists has made it possible for robots to rival the skill of experienced surgeons – even with their “eyes closed” – using just a simple knot.The achievement, by an interdisciplinary team from Zhejiang University in eastern China, was outlined in a paper chosen for the cover story of the peer-reviewed journal Nature published…
KYIV, Ukraine (AP) — The commander of sea-drone operations for Ukraine’s military intelligence agency says more complex strikes against Russian forces are expected next year, after Kyiv’s uncrewed fleet succeeded in curbing the movements of Russia’s once-dominant Black Sea navy.In an interview with The Associated Press, the head of the specialized maritime drone unit, Group 13, said Ukraine’s attacks have forced Russia to adapt, limiting opportunities for major Black Sea strikes seen earlier in the war. “Today, we’ve likely reached a plateau,” said the officer, who is identified only by the call sign “13th” under Ukrainian military protocol. “We are…