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President Xi Jinping arrives to the opening ceremony of the National People’s Congress at the Great Hall of the People in Beijing. Photo: EPA

Xi Jinping calls on China’s provincial powerhouses to lead in tech, risk control

The president said China’s strongest regions should be proactive in tech transformation, hold a ‘bottom line mindset’ to resist external shocks

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Takeaways from Chinese Premier Li Qiang’s government work report

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Taiwan, trade war, PLA and AI: Li Qiang lays out priorities at ‘two sessions’

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Takeaways from Chinese Premier Li Qiang’s government work report

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Taiwan, trade war, PLA and AI: Li Qiang lays out priorities at ‘two sessions’

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Guests attending a China-Africa cooperation summit are greeted by children on their way to a banquet hosted by Chinese President Xi Jinping at the Great Hall of the People in Beijing on September 4, 2024. Photo: Xinhua

China boosts diplomatic budget by 9.3% as US leaves ‘fiscal void’

Growth rate in foreign affairs spending this year to outpace that of military budget as Beijing consolidates global influence, analysts say.

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Taiwan, trade war, PLA and AI: Li Qiang lays out priorities at ‘two sessions’

Two Sessions 2026 (Lianghui)
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China Business

China reclaims title as world’s billionaire capital: Hurun Rich List

Global billionaire population hits record, led by Elon Musk, as China adds 287 names and AI emerges as a top wealth generator.

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Military

China keeps defence budget growth steady as modernisation deadline looms

Beijing plans to set aside 7 per cent more for the military this year, with the total still a fraction of US spending.

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Hong Kong

‘Will I ever get home’? Stranded Hongkongers in Middle East scrambling for flights

Desperate residents stuck in the region resort to costly multiple bookings and online forums for routes home as expert warns flights remain uncertain.

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Military
While no aircraft were recorded near Taiwan over six consecutive days, including the Chinese New Year, the PLA’s Eastern Theatre Command said it maintained combat-oriented training over the period. Photo: Handout

No PLA planes over Taiwan in 6 days. Why has Beijing pressed pause?

China Economy

Despite loss of Panama Canal, China investing US$23.9b in global seaports: study

Beijing funds 363 ports outside the Panama Canal to safeguard against East-West decoupling and US bid to curb China’s supply chain influence.

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A view of the Port of Balboa, managed by CK Hutchison Holdings based in Hong Kong, at the entrance to the Panama Canal in Panama City. On February 24, 2026, Hong Kong-based conglomerate CK Hutchison objected to a takeover by Panamanian authorities of two ports its subsidiary previously controlled on the Panama Canal. Photo: AFP
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Big Tech

JD.com posts quarterly loss amid costly instant delivery battle

Profit for 2025 cut in half amid expensive fight with Alibaba and Meituan, as well as dampened consumer spending.

Society

Warning over screen time and chatbots as number of depressed hits record high

About 30 per cent of survey respondents report moderate to severe symptoms of depression, up from about 11 per cent when study began.

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Business

How Standard Chartered’s SME Banking helps Hong Kong arts and crafts design firm’s growth

Deepa Jivan, CEO of J.Gordhan & Co, says bank’s tailored financial solutions and expertise give it the agility to navigate global marketplace.

In partnership with:
Standard Chartered
Deepa Jivan is the founder and CEO of Hong Kong-based arts and crafts products company J.Gordhan & Co.

Military

Iran thanks Chinese public after US-Israeli air strikes prompt wave of sympathy

Embassy in Beijing says Iran sincerely grateful to ‘the civilised and righteous Chinese people’ but financial aid not needed for now.

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A mass funeral ceremony is held on Tuesday for students and staff members killed in a US-Israeli attack on a school in Minab, southern Iran. Civilian deaths have caused particular outrage among people in China. Photo: Handout via Xinhua

China Economy

China pledges ‘iron discipline’ to tackle debt as US borrowing surges

Global debt reached a record high in 2025 and rose in the world’s two largest economies.

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Science

China boosts science budget: is it listening to everything Elon Musk says?

Beijing says greater allocation reflects importance of science and tech self-reliance in driving China’s economy and its rivalry with the US.

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Politics

Philippines advances Sara Duterte impeachment case, but ‘this is not a cakewalk’

A failed Senate conviction could ultimately strengthen Duterte-Carpio ahead of the presidential 2028 race, observers warn.

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Philippine Vice-President Sara Duterte-Carpio has said she will run for president in the 2028 national election. Photo: EPA

Russia & Central Asia

Azerbaijan vows to respond after Iranian drones injure 4

Azerbaijan and Iran already have tense ⁠relations over Baku’s growing economic, energy and military ties to Turkey and Israel.

A school in Julfa following, what Azerbaijan’s foreign ministry says was a drone attack carried out by Iran, on its exclave of Nakhchivan. Photo: AP

Banking & Finance

China and Hong Kong should relax biotech listing rules, venture capitalist says

Foreign investors are returning to China’s healthcare sector, but IPO bottlenecks and takeover rules could deter deals, VC Nisa Leung says.

Politics

US submarine strike on Iranian warship near Sri Lanka rattles the region

Experts say the strike highlights the risk of the conflict spreading into Asian waters and tests India’s careful diplomatic balancing.

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Tech

Top chip leaders urge national drive to ‘build China’s ASML’ amid US curbs

Financial and human resources must be pooled and authorities should start drawing up plans immediately, top executives say in an article.

China’s chip industry is fragmented and has too many small players, according to the nation’s top chip executives. Photo: Shutterstock

Arts

Rembrandt painting rejected as not by him in 1960 now confirmed his

After years of scrutiny, ‘Vision of Zacharias in the Temple’ has been confirmed to be a Rembrandt by the Netherlands’ Rijksmuseum.

“Vision of Zacharias in the Temple”, confirmed by Dutch researchers as a 1633 original work by Rembrandt, is displayed at the Rijksmuseum Atelier in Amsterdam on March 2, 2026. Photo: Reuters

Transport

Sky-high jump in airfares from Hong Kong to Europe, Americas – even Asian cities

Economy-class fares to Paris, Rome and New York surge while cheapest return flight to Tokyo costs nearly HK$5,000.

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China Economy

China to step up tech, energy and decarbonisation efforts in next 5-year plan

China raises domestic energy output target and increases number of key projects planned for the next 5 years.

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OPINION
Jianxi Liu

Opinion | China’s ‘two sessions’ show plans for resilience in a stormy world

Jianxi Liu
Nicholas Spiro

Macroscope | Why even bullish investors can’t ignore the Iran war

Nicholas Spiro
Chow Chung-yan

Opinion | Why a TV hit in China about waging peace resonates so deeply

Chow Chung-yan
Alexander Tang

Legal Tales | Why AI cannot – and should not – replace human judges

Alexander Tang
Wenran Jiang

Opinion | China waits and watches as the US fights all its tigers at once

Wenran Jiang
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Harry’s View | 5 Mar 2026
March 5, 2026
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Challenges and pathways in the South China Sea
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SCMP SeriesChallenges and pathways in the South China Sea

Bully vs sovereignty: how Manila and Beijing are sharpening their South China Sea messaging

Analysts say the Philippines’ approach of ‘assertive transparency’ may be wearing thin at home and in the region.

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The Philippines wants to seal South China Sea code of conduct. Can it deliver?

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Why High Seas Treaty could change ‘rules of the game’ in South China Sea row

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Open Questions series

Global Economy

Open Questions | Top shipbuilding voice Li Yanqing rebukes Washington’s ‘China threat’ narrative

China’s national shipbuilding association official calls US port fees ‘absurd’ and politically motivated, while asserting China’s market lead is solid despite global fluctuations.

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Illustration: Victor Sanjinez

Diplomacy

Open Questions | Abraham Newman on ‘weaponised interdependence’ in ‘neo‑royalist’ Trump era

American political scientist on how ‘interdependence’ can be exploited as part of the rivalry between major powers.

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Global Economy

Open Questions | Why Trump’s April trip to China may not deliver ‘grand bargain’: James Zimmerman

The American Chamber of Commerce in China chairman says this year’s expected Trump-Xi meetings can put countries on a ‘visionary’ path.

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Diplomacy

Open Questions | Trump’s ‘imperial’ agenda and the end of the old world order: Luuk van Middelaar

Political theorist says rapid acceleration of the US president’s ‘offensive, almost imperial’ agenda has left Europe disoriented.

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5
Illustration: Lau Ka-kuen
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Business

Will users stick around after China’s US$1 billion AI marketing battle?

Vouchers, red packets and sponsorships drove a surge in AI users over Chinese New Year, but now the tech giants face a retention test.

Red-packet battle: AI tech giants spent a collective US$1 billion on marketing this Chinese New Year. Photo: Getty Images

Banking & Finance

China and Hong Kong should relax biotech listing rules, venture capitalist says

Foreign investors are returning to China’s healthcare sector, but IPO bottlenecks and takeover rules could deter deals, VC Nisa Leung says.

Tech

Top chip leaders urge national drive to ‘build China’s ASML’ amid US curbs

Financial and human resources must be pooled and authorities should start drawing up plans immediately, top executives say in an article.

Big Tech

Alibaba task force, led by CEO Eddie Wu, will focus on AI model development

Wu affirmed in his letter that Alibaba would ‘uphold our open-source model strategy’ and scale up investment in AI.

Alibaba CEO Eddie Wu Yongming speaks at the opening of the company’s Apsara Conference in 2024. Photo: Weibo

China Economy

How China is using its economic clout to give the US dollar a run for its money

Beijing is using economic clout to reshape its global financial influence – a strategy analysts say could play out over decades.

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Illustration: Lau Ka-kuen

Science

What cost foreign prestige? China says no to some Western science journal fees

Chinese researchers will no longer be reimbursed for paper publication charges in Nature Communications, among other titles.

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China

Xi-Trump talk plans rattled by chaotic US team: ‘the worst I’ve ever seen’

Analysts warn thin US coordination and rushed timelines risk weak deliverables and surprises ahead of high-stakes Beijing meeting.

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Hong Kong Economy

Breaking down the key figures in Hong Kong 2026-27 budget

A deep dive into the data from Hong Kong finance chief Paul Chan’s latest budget announcement, looking at the government’s growing revenue and increasing investment in infrastructure.

Breaking down the key figures in Hong Kong 2026-27 budget
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