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Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.1. China’s Xi Jinping launches Russia trip with thanks for Moscow over TaiwanXi Jinping kicked off his state visit to Russia on Wednesday by thanking Moscow for supporting Taiwan’s reunification with mainland China.2. China warns US against ‘coercion’ as top officials prepare for trade talksBeijing has warned Washington not to use dialogue as a tactic for coercion as senior US and Chinese officials prepare to for talks this weekend that will be the first face-to-face discussions…
The Pakistan Airports Authority (PAA) on Wednesday said all airports across the country “remain fully operational” and the airspace “continues to be open and secure for civil aviation activities”. The development comes after Pakistan shot down five Indian jets in retaliation for missile strikes from India, which killed at least 26 people in Pakistan in the wee hours of Wednesday. “Pakistan has formally conveyed its concerns to the International Civil Aviation Organisation (ICAO) regarding the serious risks posed to civil aviation safety by India’s reckless and provocative actions,” PAA said. “The Pakistan Airports Authority, through the safe and efficient management…
A visit to Russia this week by Chinese President Xi Jinping would add “symbolic” weight to the camaraderie between the two neighbours, while subsequent developments could be more significant, according to European observers.They also cautioned, however, that Beijing faced an unsustainable balancing act – strengthening ties with Moscow amid a prolonged war in Ukraine, while attempting to foster closer relations with Europe.Xi was set to arrive in Russia on Wednesday for a four-day state visit and hold talks with his Russian counterpart Vladimir Putin on Thursday.As arguably the most prominent foreign leader to join Putin as the “main guest of…
Artificial intelligence (AI) start-up DeepSeek has acknowledged the significant role that a technical solution from Tencent Holdings played in addressing a persistent issue in its system, highlighting the local open-source community’s contribution to China’s AI advances.DeepEP, a code library for inter-chip communications, attained a “huge speed boost” by using a technical solution from Tencent’s network platform department, according to Zhao Chenggang, an AI infrastructure engineer at DeepSeek.Tencent’s solution not only enhanced the robustness of the DeepEP project, but also “elevated communication performance”, Zhao wrote in a recent note published on a GitHub repository, where DeepSeek hosts its open-source models and…
China announced a raft of supportive measures to shore up its economy and stabilise capital markets on Wednesday, in a move seen as bolstering Beijing’s position ahead of upcoming trade talks with the United States.Top officials from China’s central bank and financial regulators said they planned to cut interest rates, reserve ratio for banks to release liquidity into the markets, and ramp up support for consumers and businesses affected by US tariffs during a joint press conference in Beijing.The barrage of policies “slightly exceeded” market expectations, analysts said, providing a timely boost to confidence as Beijing prepares to open formal…
Top 10 things to watch Wednesday, May 7 — Jeff Marks wrote today’s Top 10. 1. The stock market is heading for a higher open today, driven by Treasury Secretary Scott Bessent indicating that U.S. trade rep Jamieson Greer and he will meet with Chinese officials in Switzerland this weekend to discuss trade. Investors are also looking ahead to this afternoon’s Fed rate decision. No change is expected. However, Fed chief Jerome Powell’s post-meeting commentary will be key. 2. Disney reported a quarterly beat and guidance raise, and the Club stock jumped nearly 8%. Revenue of $23.62 billion versus the…
India’s landmark trade pact with Britain – three years in the making – could pave the way for similar agreements with the United States and European Union, analysts said, as New Delhi looks to cement its role in reconfigured global supply chains.Announced on Tuesday, the free-trade agreement aims to reduce tariffs and ease market access between the world’s fifth- and sixth-largest economies, with both sides touting its potential to create jobs, boost investment and spur innovation.Indian Prime Minister Narendra Modi described the deal as “ambitious and mutually beneficial”, while British Prime Minister Keir Starmer hailed it as a significant step…
Geely Auto, China’s second-largest carmaker, aims to full control of its subsidiary Zeekr Intelligent Technology and delist the premium electric vehicle (EV) unit from the New York Stock Exchange in a privatisation bid.Geely, which owns 65.7 per cent of Zeekr, made a non-binding offer of US$2.566 per share for the remaining 34.3 per cent of the company in cash or shares, the company said in a Hong Kong stock exchange filing on Wednesday. The move would create a unified listing platform, it added.“It will also facilitate the group’s determination of Zeekr’s future strategic direction to address global market and economic…
Geely Auto, China’s second-largest carmaker, aims to full control of its subsidiary Zeekr Intelligent Technology and delist the premium electric vehicle (EV) unit from the New York Stock Exchange in a privatisation bid.Geely, which owns 65.7 per cent of Zeekr, made a non-binding offer of US$2.566 per share for the remaining 34.3 per cent of the company in cash or shares, the company said in a Hong Kong stock exchange filing on Wednesday. The move would create a unified listing platform, it added.“It will also facilitate the group’s determination of Zeekr’s future strategic direction to address global market and economic…
BERLIN (AP) — Germany’s new government plans to station more police at the border to curb illegal migration and even turn away some of the asylum-seekers trying to enter Europe’s biggest economy, the new interior minister said Wednesday.Interior Minister Alexander Dobrindt told reporters in Berlin that police at the border would be increased in coming days. He said vulnerable people would still be allowed to enter, but his assertion that Germany would turn away some asylum-seekers goes beyond what the previous government was willing to do. “We are not going to close the borders, but we are going to control…