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South China Morning Post
10 minutes ago
- South China Morning Post
Hong Kong needs real talent, not troublemakers and misfits
The Top Talent Pass Scheme is a well-intentioned and much-needed scheme to meet the challenge posed by the trend of outward migration that Hong Kong has seen in recent years. It is designed to enrich the city's human capital – especially in the field of innovation and technology – and enhance its overall economic competitiveness. Reflecting the government's resolve to attract talent, the scheme is highly applicant-friendly. It represents a kind of 'open door policy' for immigration. The government has moved to fast-track immigration for talented professionals through other efforts as well. Since 2022, the city has received 500,000 applications under various talent admission schemes. It has approved 330,000 of them; 220,000 applicants have arrived. Hong Kong clearly wants to entice qualified applicants to arrive as soon as possible and let them know that the city welcomes them with open arms. The scheme has opened the floodgates to immigration and has become a strong magnet, drawing a large number of talented professionals from mainland China. Given the mainland's relatively subdued economic growth, Hong Kong has become an attractive alternative for young professionals. This explains why the number of applicants has exceeded the originally announced target. 04:09 Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats
South China Morning Post
40 minutes ago
- South China Morning Post
Work on China-backed Afghan copper mine gains pace after 17 years but old fears linger
China-backed copper mine in Afghanistan is poised to start construction after nearly two decades of delay, but political instability and security issues remain a major concern, an Afghan studies expert has cautioned. Advertisement State-owned China Metallurgical Group Corporation (MCC) recently announced that it was making significant progress toward starting copper extraction this year in the Mes Aynak Mine in central Afghanistan's Logar province, home to one of the world's largest untouched copper deposits. According to Afghan media outlet Tolo News, MCC representative Deng Guoping said the company was ready to start production this year 'if the follow-up procedures with the government go smoothly'. This comes as a road leading to the mine nears completion, 17 years after the project contract was signed. The Mes Aynak project was awarded to MCC under a 30-year contract in 2008 but was delayed due to security challenges, the presence of archaeological remains dating back to the Bronze Age and landmines from decades of war, and the lack of infrastructure, according to the company. Advertisement Last year, the Taliban announced a switch from open-pit mining at Mes Aynak to underground mining, a costlier process that is seen as more protective of archaeological sites. Officials further emphasised that the mine would work to avoid damage to relics, according to The Art Newspaper.
South China Morning Post
40 minutes ago
- South China Morning Post
China opens door to Brazilian coffee as US slaps on new tariff
China has authorised nearly 200 Brazilian companies to export coffee to its domestic market amid escalating trade tensions between Brazil and the United States following the imposition of a 50 per cent US tariff on Brazilian coffee. The weekend announcement, effective July 30, came just days after the United States levied the new tariff, which is set to take effect on Wednesday. The measure has sent shock waves through Brazil's coffee industry and forced exporters to seek other markets. China's move, valid for five years, is expected to increase Brazilian coffee shipments to a country where demand is rising steadily The United States is the largest consumer of coffee globally, importing 3.3 million bags of Brazilian coffee in the first half of this year, nearly 23 per cent of Brazil's total coffee exports. In contrast, China imported 530,000 bags during the same period. Although the Chinese market is still smaller, it is gaining relevance as Brazil's access to the US market faces new restrictions. Industry data shows that about 85 per cent of Brazil's 2025 production of Arabica, the variety most exported to the US, has already been harvested.
