Three prominent industry groups in Hong Kong are urging the government to reduce the liquor tax rate from the current 100 per cent to 20 per cent in an effort to stimulate the city’s economy. The Hong Kong General Chamber of Wine and Spirits, the Hong Kong and Kowloon Provisions, Wine and Spirit Dealers’ Association, … Read more
One day before the release of China’s highly anticipated 3A game Black Myth: Wukong, a Chinese content creator named “Gray” posted on Reddit, introducing the game’s inspiration, the classic Chinese novel Journey to the West. In just 15 hours, the post garnered 70,000 views, demonstrating the strong international interest in the game and its cultural … Read more
After six months of renovations, the much-loved Queen Street Cooked Food Market in Sheung Wan has reopened to the delight of diners, offering affordable meal options in a refreshed and improved setting. Loyal customers have eagerly returned to their favorite stalls, with many praising the enhanced dining environment. However, operators face new challenges, including rising … Read more
Washington is likely to send a strong message that Hong Kong companies could face hurdles when investing in the United States if a new bill aimed at shutting down the city’s trade offices becomes law. However, experts suggest the move may not significantly impact Hong Kong’s economy in the short term. The Hong Kong Economic … Read more
Spanish Prime Minister Pedro Sanchez has called on the European Union to reconsider its plans to impose punitive tariffs on Chinese-made electric vehicles, signaling a significant shift in Spain’s stance. Speaking during a visit to Kunshan, China, on Wednesday, Sanchez emphasized the importance of avoiding a trade war. “We don’t need another war, in this … Read more
China has announced plans to permit wholly-owned foreign hospitals in eight major cities and the island province of Hainan, according to a statement released by the Ministry of Commerce. This move is part of a broader strategy to enhance the healthcare sector and attract foreign investment. The cities included in this initiative are Shenzhen, Beijing, … Read more
This narrative of Chinese entrepreneurs like Cao Fengze, Fang Jing, Li Yi, and Hu Zhenxing mirrors the adventure spirit seen in Robinson Crusoe, but applied to Africa’s burgeoning development scene under the Belt and Road Initiative (BRI). These young Chinese professionals have chosen to explore the dynamic African markets, seeing them as new “goldmines” brimming … Read more
China will initiate an anti-discrimination investigation in response to Canada’s decision to impose steep tariffs on electric vehicles (EVs), steel, and aluminum products imported from China, according to the Ministry of Commerce’s statement on Tuesday. This move follows Canada’s recent announcement of a 100-percent tariff on Chinese-made EVs, mirroring similar measures introduced by the U.S. … Read more
Zimbabwean President Emmerson Dambudzo Mnangagwa expressed keen interest in the innovative range of new energy vehicles (NEVs) during his visit to BYD Co.’s headquarters in Pingshan District, Shenzhen, on Friday. Mnangagwa, who led a delegation to Shenzhen from Thursday to Saturday, was on a mission to learn about the city’s advancements in scientific and technological … Read more
Shenzhen Bao’an International Airport officially opened its Jiangmen terminal on Wednesday, providing a significant boost to travel convenience for residents on the western side of the Pearl River Delta. The new terminal, located in Xinhui District, Jiangmen, offers check-in services for flight passengers and is the second such facility established on the opposite side of … Read more