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Social unrest won’t stop Hong Kong playing a key role in China’s belt and road strategy, say business leaders

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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US should start manipulating the dollar, Donald Trump says, accusing China and Europe of playing ‘big currency manipulation game’

US President Donald Trump on Wednesday accused China and Europe of playing a “big currency manipulation game”. He said the United States should match that effort, a move that directly contradicts official US policy not to manipulate the dollar’s value to gain trade advantages.In a tweet, the president said that if America does ‘match’ China and Europe, the country will continue “being the dummies who sit back and politely watch as other countries continue to play their games – as they have for… Source link

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China 

China’s top economic planner refuses to rule out playing rare earths card against US

China’s top economic planning agency has once again declined to rule out the use of rare earths as weapon against the US, as relations between the two sides continue to deteriorate.Meng Wei, a spokeswoman for the National Development and Reform Commission, told a press briefing on Monday that China, which makes up 90 per cent of the global supply of rare earths, was “promptly studying” measures to utilise the “special value of rare earths as a strategic resource”.These included steps to improve… Source link

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Singapore 

Father jailed for assaulting 5-year-old autistic boy who was ‘playing roughly’ near his sons, Singapore News

SINGAPORE – A father of two lashed out at a five-year-old autistic boy after seeing him “playing roughly” near his children in a sandpit. Soo Wen Jie kicked the child in the stomach after he tried to take a plastic shovel from him, then swung his arm at him, knocking him onto a slide. The incident was caught on camera and went viral on social media while the boy, who attends a school for students with special needs, had to see a psychologist after the incident. Soo, 29, was sentenced…

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Singapore 

Krisflyer miles redemption guide: How to start playing the miles game in Singapore, Singapore News

So, you’ve finally decided to become a full-fledged travel hacker – to start collecting miles in order to fulfil to your dream of travelling the world. You’ve told all your friends and posted an Instagram story about it… but, erm, now what? Before you start texting your boss to ask for a sabbatical and applying for the best air mile credit card there is, first read this 5-step guide to figure out how exactly you can earn, calculate and redeem your KrisFlyer miles. (Note: This article talks about KrisFlyer miles…

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Singapore 

Singapore ‘playing for time’ in water dispute with Malaysia: Daim Zainuddin, Singapore News

Malaysian government adviser Daim Zainuddin has said neighbouring Singapore’s recent willingness to hold talks on the price it pays Kuala Lumpur for water – a long-standing sticking point – is a “major development” in the warming of ties after a diplomatic spat last year. However, he also believes the Lion City may be stalling for time as it heads towards self-sufficiency in its water supplies. In an interview with the South China Morning Post, Daim echoed conciliatory comments made by the leaders of the two countries at an annual retreat…

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China 

China economy critic sees ‘turning point’ that could level playing field between private sector and state

A staunch critic of the influence of the state in China’s economy believes there has now been a “turning point” in the treatment of private businesses, arguing a level playing field between state and private firms could emerge in the world’s second largest economy.Nicholas Lardy, senior researcher at the Peterson Institute of International Economics, sees “encouraging” signs due to the support shown by President Xi Jinping from last year after China had initially taken a backwards step on… Source link

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Singapore 

Singaporeans spend more time playing video games than South Koreans, Japanese: Survey, Singapore News

Local gamers spent more time playing video games than their East Asian neighbours, a survey by US-based edge cloud services provider Limelight Networks has shown. Singaporean gamers spent 7.44 hours on average each week playing video games, compared with South Koreans (6.69 hours) and the Japanese (6.88 hours). The Germans spent the most time playing such games, spending an average of almost eight hours a week. They were followed closely by United States gamers (7.61 hours) and then by Singaporean gamers. The survey was based on responses from 4,500 consumers…

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China 

China approves new foreign investment law designed to level domestic playing field for overseas investors

China approved its new foreign investment law on Friday, sending the message that Beijing wants to level the playing field for overseas investors and reassure the global community it remains at attractive investment destination.The final draft of foreign investment law was approved by 2929 National People’s Congress lawmakers in the Great Hall of the People, with 8 opposing the measures and 8 abstaining.The new law will come into effect on January 1, 2020.Beijing rushed the law through the… Source link

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China 

Will a new Chinese law level the playing field for foreign investors?

China’s top legislators will vote next week a new law that its backers say will level the playing field for foreign investors, as Beijing tries to fend off complaints from Washington and Brussels about unfair trade practices.The latest draft of the foreign investment law was presented to the National People’s Congress for discussion in the Chinese capital on Friday and its progress will be closely watched by investors at home and abroad.Wang Chen, vice-chairman of the NPC’s Standing Committee,… Source link

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