logo
China's space military tech ‘threat', trade deal progress clues: SCMP daily highlights

China's space military tech ‘threat', trade deal progress clues: SCMP daily highlights

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
China is moving 'breathtakingly fast' in space military technologies and posing strategic threats to the United States, America's top space force official said on Tuesday.
The United States and China could reach a trade agreement as early as next week, according to a Harvard scholar, who has offered clues on the state of negotiations weeks after the two rival economies agreed to a trade truce.
Passengers arrive at Heathrow Airport in London in January 2023. Photo: EPA-EFE
The number of wealthy mainland Chinese choosing to emigrate is projected to drop to a 10-year low this year thanks to the country's improved business environment and its growing appeal to tech entrepreneurs, according to a report by a London-based advisory firm.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Unlike Trump, ancient China embraced foreign students and even made exams easier for them
Unlike Trump, ancient China embraced foreign students and even made exams easier for them

South China Morning Post

timean hour ago

  • South China Morning Post

Unlike Trump, ancient China embraced foreign students and even made exams easier for them

Foreigners who are thinking of enrolling in American universities are having second thoughts or cancelling their plans outright following President Donald Trump's attempts to cut funding to Harvard University and block it from enrolling foreign students. A few months ago, my nephew, an undergraduate at the National University of Singapore, was considering applying to an American university for his exchange programme in 2026. Now, he is looking at universities in the United Kingdom, Australia and China. Imperial China's highest institutes of learning were not just for locals. For centuries, when China was the civilisational lodestar in the region, people from all over Asia came to study in its universities and try their luck in the famously tough imperial examinations. Some did very well. Harvard filed a lawsuit against the Trump administration in April, following threats to the university's federal funding. Photo: AFP To make it easier for foreign candidates, the Tang dynasty government created a special examination category in 627 that was basically a separate track just for foreign scholars.

US stocks end at records
US stocks end at records

RTHK

timean hour ago

  • RTHK

US stocks end at records

US stocks end at records The records reflect improved sentiment, with the Iran-Israel ceasefire adding to positive movement on trade compared with the spring. Photo: Reuters Wall Street stocks finished at fresh records on Friday as China-US trade progress restored the market to its heights prior to a spring swoon brought by President Donald Trump's tariffs. Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Trump announced he was breaking off trade talks with Canada, rupturing a series of largely positive headlines on trade. The broad-based S&P 500 finished up 0.5 percent at 6,173, while the tech-rich Nasdaq Composite Index also climbed 0.5 percent to 20,273. Both represent fresh closing records. The Dow Jones Industrial Average jumped one percent to 43,819. Earlier, European stock markets also rose, with the Paris CAC 40 leading the way, boosted by a rise in luxury stocks. The records reflect improved sentiment, with the Iran-Israel ceasefire adding to positive movement on trade compared with the spring. "There is hope in the market, there may be some over-optimism around some things," said Jason Schenker of Prestige Economics. "But there was a lot of optimism." Tom Cahill, chief investment officer at Ventura Wealth Management said other trade news developments in recent days had been positive, including Beijing and Washington's confirmation on finalising a framework to move forward on trade. "The news has been incrementally more positive since April on the trade front," Cahill said. The S&P 500 last hit a record in February, but began to come under pressure thereafter as Trump began to sharpen his rhetoric on trade. This culminated with Trump's April 2 "Liberation Day" vow to implement steep new levies on trading partners. Trump has since suspended the most onerous elements of his trade overhaul, while still implementing the biggest US tariffs imposed in decades. (AFP)

Every effort must be made by Hong Kong authorities to deliver flats on time
Every effort must be made by Hong Kong authorities to deliver flats on time

South China Morning Post

time3 hours ago

  • South China Morning Post

Every effort must be made by Hong Kong authorities to deliver flats on time

The urgent need to provide more public housing, to free tens of thousands of people from long waits in substandard accommodation, has long been recognised in Hong Kong and remains a priority. So the sudden suspension of a development intended to provide 8,300 flats is always going to raise eyebrows. Advertisement The Housing Bureau has confirmed that plans to build eight residential towers in Fanling have temporarily been put on hold. This follows an investigation revealing the 'complex geology' of the site, which would cause construction costs to soar by 60 to 90 per cent and take 10 months longer than expected. The bedrock drops more than 80 metres below ground, 120 metres at its deepest. This would make the foundation work much more expensive. It has, therefore, been decided to prioritise other 'more cost-effective' housing projects in the area. The decision is a pragmatic one given the circumstances. There must be no let-up in efforts to provide public housing, but the costs need to be kept under control. Crucially, the suspension will not stop the government meeting the target of 308,000 public housing units in the next 10 years. Other projects in the area are to be expedited to make up for the loss of the 8,300 flats and the bureau says it has not abandoned the project. Advertisement But legitimate questions are being asked about the suspension. The draft outline zoning plan was approved in December 2022. At the time, no insurmountable technical problems were found.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store