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China has launched an association specifically tasked with accelerating funding for the commercialisation of nuclear fusion technology. Photo: Shutterstock

China’s nuclear fusion start-ups power up with record funding round

Startorus Fusion raised US$143 million, a record for a private firm, while Supermag New Energy received ‘several hundred million yuan’.

Chinese power stocks surge on State Grid’s record US$574 billion investment plan

China technology
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Military

Taiwanese military’s closed-door meeting draws ‘black box’ criticism

Taiwan’s defence minister delivers classified briefing on record US$39.5 billion budget in a bid to break opposition blockade.

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Diplomacy

How narrowing China-US gap could reshape global power play by 2035

Political scientist Yan Xuetong predicts Beijing will be on ‘equal footing’ in strategic rivalry with Washington in the post-Trump era.

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Society

Hong Kong professionals brace for tough calls under new child abuse law

Mandatory Reporting of Child Abuse Ordinance takes effect on Tuesday, covering over 100,000 people across 25 professions.

Focus
Illustration: Henry Wong

Hong Kong degree is ‘passport’ to jobs in the world’s third-largest art market

China Economy

US trade war? China had bigger plans in 2025 as ‘belt and road’ deals surged

China’s global infrastructure strategy logged a record US$213 billion of new deals in 2025, as metals projects in Central Asia soared, report finds.

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Security guards patrol a lithium project in Zimbabwe. China’s engagement in metals and mining projects surged last year, according to a report by the Griffith Asia Institute. Photo: EPA-EFE
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China Business

Chinese automotive suppliers speed up localisation to boost global market share

International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.

Economics

Singapore’s retail ownership data sparks debate about foreign chains’ influence

Some observers warn that public perception could be warped since popular foreign chains in places with high footfall may be more visible.

Business

The secret ingredient in your daily life: why Malaysian palm oil is used around the world

Found everywhere from food products to biofuel, this vegetable oil is preferred for its versatility, safety and sustainable production.

In partnership with:
MPOC
Palm oil is a versatile ingredient found in a wide range of everyday items, from ice cream and cake to lipstick and biofuel.

Tech Trends

Chinese-owned Temu catches up with Amazon in global cross-border e-commerce

Shein, another Chinese-founded retail giant, stabilised its market share at 9 per cent in 2025, while AliExpress held 8 per cent.

Temu saw its share surge from less than 1 per cent to 24 per cent last year, on par with Amazon. Photo: Shutterstock Images

Tech War

DeepSeek a year on: how a Chinese start-up sparked a global AI arms race

DeepSeek’s meteoric rise propelled the growth of the open-source AI ecosystem by spurring its competitors to join the movement.

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United States & Canada

Allies tepid on Trump’s peace board; invited leaders question how it will work

France rejects invite over fears the organisation could supplant the UN while Carney says Canada will not pay the US$ billion joining fee.

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Europe

Spain seeks answers to high-speed train collision as death toll hits 40

Investigators focus on a section of track where a ‘practically new’ high-speed train derailed on a straight stretch.

Emergency crews work at the site of the train collision in Adamuz, southern Spain on Monday. Photo: AP

Science

China suffers unprecedented double rocket launch failures in a single day

Saturday’s twin failures involved a state-owned rocket and a private one, but observers attribute them to industry’s growing pains.

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Saturday’s Long March-3B failure was the first in more than five years. Photo: Xinhua

People

Will artefacts of sunken Japan ship give new voice to WWII tragedy?

Tsugiko Taira, whose mother survived the 1944 disaster, says any retrieved objects will serve as further evidence of the incident.

Europe

Italy uncovers ancient basilica designed by ‘father of architecture’ Vitruvius

Archaeologists called the building in Fano, northeast of Rome, the ‘discovery of the century, with the structure matching Vitruvius’ ancient descriptions.

China Business

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

Leung Chuen-yan, partner for healthcare investment at Value Partners Group. Photo: Edmond So

Europe

Valentino, fashion designer to the stars, dies aged 93 in Rome

The couturier was adored by royals, first ladies and film stars including Princess Diana, Jackie Kennedy Onassis and Sarah Jessica Parker.

Valentino at the end of his spring/summer 2006 Haute Couture show in Paris. The Italian designer died on Monday at the age of 93. Photo: AFP

Europe

Brooklyn Peltz Beckham says ‘I do not want to reconcile with my family’

Oldest son of David and Victoria Beckham takes to social media to dish on feud with his celebrity parents.

Middle East

Syria deal with Kurdish fighters ‘unravels’ as Islamic State prisoners escape

The Kurdish website Rudaw reported that around 1,500 Islamic State members escaped from Syria’s Shaddadi prison on Monday.

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OPINION
Andy Xie

Opinion | China’s focus is on stability as the US rocks the global boat

Andy Xie
Lisa Cam

Opinion | In Chinese astrology, why are benefactors and networking so important?

Lisa Cam
SCMP Editorial

Editorial | China-EU compromise over EVs bodes well for trade and overall ties

SCMP Editorial
SCMP Editorial

Editorial | Hong Kong must tackle the ‘demoralising impact’ of unaffordable housing

SCMP Editorial
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Massoud Amin

Opinion | Why we should aspire to raising living standards for all

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Harry’s View | 20 Jan 2026
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Economics

Singapore’s retail ownership data sparks debate about foreign chains’ influence

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China’s nuclear fusion start-ups power up with record funding round

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SCMP Series
China Inc. goes global
Year of the Horse 2026
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Illustration: Lau Ka-kuen
SCMP SeriesChina Inc. goes global

The US has played its hand in Latin America. Will China’s firms there cash out?

After the abduction of former Venezuelan president Nicolas Maduro, many Chinese entrepreneurs in the region say they are staying put – for now.

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Why overseas residency is a ‘practical advantage’ for Chinese firms going global

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Chinese companies expand globally

Open Questions series

Diplomacy

Open Questions | Why US raid on Venezuela could ‘work to China’s advantage’: John Mearsheimer

International relations scholar says US could easily take Greenland, while regime change in Tehran would be more difficult.

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Illustration: Lau Ka-kuen

Diplomacy

Open Questions | Zheng Yongnian on what US’ ‘neocolonialism’, Venezuela operation mean for China

Political scientist says the Western-led global order remains useful, and the Belt and Road Initiative isn’t a geopolitical project.

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15

Global Economy

Open Questions | ‘Embrace the moment’: on China, Daniel Kritenbrink puts pragmatism first

Former US ambassador to Vietnam says a return to the past for US-China relations is unrealistic, but both economic powers benefit from ties.

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Diplomacy

Open Questions | How new C100 chief plans to foster ties between Chinese-Americans and China

The Committee of 100’s president Paul Cheung has high hopes for Chinese-Americans’ relationship with China in these uncertain times.

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illustration by Lau Ka-kuen
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Big Tech

China curbs US AI chips, shuns foreign capital in pursuit of tech self-reliance

These restrictions signify a new phase in the US-China tech war where ‘offensive and defensive roles have shifted’, says an analyst.

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Illustration: Henry Wong

China Business

Exclusive | China challenges US in AI drug race, but rivals still reliant on each other

While US biotech firms increase use of Chinese clinical data, Chinese firms need US counterparts for monetisation, investor and scientist says.

China Business

Chinese automotive suppliers speed up localisation to boost global market share

International carmakers’ orders from Chinese vendors are an endorsement of the quality and competitiveness of their products, analyst says.

Tech War

DeepSeek a year on: how a Chinese start-up sparked a global AI arms race

DeepSeek’s meteoric rise propelled the growth of the open-source AI ecosystem by spurring its competitors to join the movement.

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DeepSeek’s meteoric rise has propelled the growth of the open-source AI ecosystem by spurring its competitors to join the movement. Photo: Shutterstock

Global Economy

Can China’s cosmetics brands rival K-beauty and refashion global markets?

Once the top export market for South Korean cosmetics, Chinese firms lead at home and have made headway overseas – but gaps remain.

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Illustration: Brian Wang

Big Tech

China curbs US AI chips, shuns foreign capital in pursuit of tech self-reliance

These restrictions signify a new phase in the US-China tech war where ‘offensive and defensive roles have shifted’, says an analyst.

17

Diplomacy

Counting China’s ‘swing nation’ wins and losses in new era of power rivalry

As US-China race for hi-tech resources heats up across Global South, countries caught in the middle are under pressure to strike a balance.

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China Economy

A Chinese tech hub eyes 3- to 7-nanometre chip breakthroughs to beat US curbs

Province’s five-year plan backs national push for tech independence – but can it succeed?

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China is world’s largest chip manufacturer, demonstrating the country’s superiority in global supply chain. Photo: Shutterstock
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